Federal National Mortgage Association
Federal National Mortgage Association provides a source of liquidity to the mortgage market and supports the availability and affordability of housing in the United States. The last earnings update was 36 days ago. More info.
Add to Portfolio Compare Print
- Federal National Mortgage Association has significant price volatility in the past 3 months.
FNMA Share Price and Events
7 Day Returns
1 Year Returns
FNMA Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Federal National Mortgage Association (FNMA) | -4.4% | -7.7% | 130.7% | 83.9% | 78.3% | -26.3% |
| US Mortgage | -1.7% | -3.2% | 18.3% | -6.3% | 30.6% | 31.7% |
| US Market | 0.4% | 1.6% | 16.4% | 3.5% | 39.4% | 44% |
1 Year Return vs Industry and Market
- FNMA outperformed the Mortgage industry which returned -6.3% over the past year.
- FNMA outperformed the Market in United States of America which returned 3.5% over the past year.
FNMA Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
- It is not possible to calculate the future cash flow value for Federal National Mortgage Association. This is due to cash flow or dividend data being unavailable. The share price is $2.63.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Federal National Mortgage Association's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Federal National Mortgage Association's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in USD | $0.58 |
| OTCPK:FNMA Share Price ** | OTCPK (2019-03-22) in USD | $2.63 |
| United States of America Mortgage Industry PE Ratio | Median Figure of 135 Publicly-Listed Mortgage Companies | 14.76x |
| United States of America Market PE Ratio | Median Figure of 3,058 Publicly-Listed Companies | 17.52x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Federal National Mortgage Association.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = OTCPK:FNMA Share Price ÷ EPS (both in USD) = 2.63 ÷ 0.58 |
4.53x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Federal National Mortgage Association is good value based on earnings compared to the US Mortgage industry average.
- Federal National Mortgage Association is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does
Federal National Mortgage Association's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 4.53x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts |
-149.8%per year |
| United States of America Mortgage Industry PEG Ratio | Median Figure of 50 Publicly-Listed Mortgage Companies | 1.13x |
| United States of America Market PEG Ratio | Median Figure of 2,103 Publicly-Listed Companies | 1.48x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 4.53x ÷ -149.8% |
-0.03x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Federal National Mortgage Association earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
Federal National Mortgage Association's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in USD | $-23.30 |
| OTCPK:FNMA Share Price * | OTCPK (2019-03-22) in USD | $2.63 |
| United States of America Mortgage Industry PB Ratio | Median Figure of 145 Publicly-Listed Mortgage Companies | 1.14x |
| United States of America Market PB Ratio | Median Figure of 5,157 Publicly-Listed Companies | 1.88x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = OTCPK:FNMA Share Price ÷ Book Value per Share (both in USD) = 2.63 ÷ -23.30 |
-0.11x |
* Primary Listing of Federal National Mortgage Association.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Federal National Mortgage Association has negative assets, we can't compare the value of its assets to the US Mortgage industry average.
Value checks
We assess Federal National Mortgage Association's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Mortgage industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Mortgage industry average (and greater than 0)? (1 check) Federal National Mortgage Association has a total score of 2/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
FNMA Future Performance
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Federal National Mortgage Association's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.
Growth vs Market Checks
- Federal National Mortgage Association's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
- Federal National Mortgage Association's revenues are expected to decrease over the next 1-3 years, this is below the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| OTCPK:FNMA Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts | -149.8% |
| OTCPK:FNMA Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts | -13.3% |
| United States of America Mortgage Industry Earnings Growth Rate | Market Cap Weighted Average | 7.6% |
| United States of America Mortgage Industry Revenue Growth Rate | Market Cap Weighted Average | 5.4% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 14.3% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.2% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 1 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2020-12-31 | 21,194 | 0 | 1 | |
| 2019-12-31 | 20,923 | 0 | 1 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 27,363 | 2,248 | 3,346 |
| 2018-09-30 | 28,156 | 6,288 | -3,176 |
| 2018-06-30 | 27,535 | 10,207 | -3,237 |
| 2018-03-31 | 26,381 | 4,228 | -3,152 |
| 2017-12-31 | 25,263 | 4,213 | -6,481 |
| 2017-09-30 | 27,699 | 4,188 | -384 |
| 2017-06-30 | 27,667 | -377 | -140 |
| 2017-03-31 | 27,188 | 4,997 | -146 |
| 2016-12-31 | 24,667 | -980 | 77 |
| 2016-09-30 | 20,890 | -5,047 | 120 |
| 2016-06-30 | 19,752 | -9,149 | -341 |
| 2016-03-31 | 22,230 | -8,535 | -137 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 1 Analyst Estimates (S&P Global) | See Below |
All data from Federal National Mortgage Association Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2020-12-31 | 0.00 | 0.00 | 0.00 | 1.00 |
| 2019-12-31 | 0.00 | 0.00 | 0.00 | 1.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2018-12-31 | 0.58 |
| 2018-09-30 | -0.55 |
| 2018-06-30 | -0.56 |
| 2018-03-31 | -0.55 |
| 2017-12-31 | -1.12 |
| 2017-09-30 | -0.07 |
| 2017-06-30 | -0.02 |
| 2017-03-31 | -0.03 |
| 2016-12-31 | 0.01 |
| 2016-09-30 | 0.02 |
| 2016-06-30 | -0.06 |
| 2016-03-31 | -0.02 |
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
- Unable to establish if Federal National Mortgage Association will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Future performance checks
We assess Federal National Mortgage Association's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Federal National Mortgage Association has a total score of 0/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
FNMA Past Performance
How has Federal National Mortgage Association performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Federal National Mortgage Association's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
- Federal National Mortgage Association has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
- Federal National Mortgage Association has become profitable in the last year making it difficult to compare the US Mortgage industry average.
Earnings and Revenue History
All data from Federal National Mortgage Association Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 27,363.00 | 3,346.00 | 3,059.00 | |
| 2018-09-30 | 28,156.00 | -3,176.00 | 2,948.00 | |
| 2018-06-30 | 27,535.00 | -3,237.00 | 2,872.00 | |
| 2018-03-31 | 26,381.00 | -3,152.00 | 2,803.00 | |
| 2017-12-31 | 25,263.00 | -6,481.00 | 2,737.00 | |
| 2017-09-30 | 27,699.00 | -384.00 | 2,748.00 | |
| 2017-06-30 | 27,667.00 | -140.00 | 2,745.00 | |
| 2017-03-31 | 27,188.00 | -146.00 | 2,737.00 | |
| 2016-12-31 | 24,667.00 | 77.00 | 2,741.00 | |
| 2016-09-30 | 20,890.00 | 120.00 | 2,713.00 | |
| 2016-06-30 | 19,752.00 | -341.00 | 3,004.00 | |
| 2016-03-31 | 22,230.00 | -137.00 | 3,015.00 | |
| 2015-12-31 | 23,181.00 | -262.00 | 3,050.00 | |
| 2015-09-30 | 21,401.00 | -477.00 | 3,066.00 | |
| 2015-06-30 | 23,350.00 | -329.00 | 2,820.00 | |
| 2015-03-31 | 21,504.00 | -656.00 | 2,828.00 | |
| 2014-12-31 | 25,895.00 | -1,115.00 | 2,777.00 | |
| 2014-09-30 | 30,368.00 | -1,241.00 | 2,707.00 | |
| 2014-06-30 | 33,126.00 | -1,027.00 | 2,647.00 | |
| 2014-03-31 | 39,379.00 | -1,140.00 | 2,576.00 | |
| 2013-12-31 | 39,470.00 | -1,456.00 | 2,545.00 | |
| 2013-09-30 | 39,473.00 | -304.00 | 2,561.00 | |
| 2013-06-30 | 32,270.00 | -1,532.00 | 2,503.00 | |
| 2013-03-31 | 25,498.00 | 812.00 | 2,444.00 | |
| 2012-12-31 | 20,578.00 | 1,397.00 | 2,367.00 | |
| 2012-09-30 | 10,981.00 | -4,049.00 | 2,324.00 | |
| 2012-06-30 | 4,931.00 | -10,520.00 | 2,327.00 | |
| 2012-03-31 | -3,880.00 | -17,880.00 | 2,329.00 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Whilst Federal National Mortgage Association made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%), this is metric is skewed due to its high level of debt.
- Federal National Mortgage Association used its assets less efficiently than the US Mortgage industry average last year based on Return on Assets.
- Unable to establish if Federal National Mortgage Association improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
Past performance checks
We assess Federal National Mortgage Association's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Mortgage industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Federal National Mortgage Association has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
FNMA Health
This company is a bank or financial institution.Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Balance sheet
Assets
Liabilities and shares
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Federal National Mortgage Association Company Filings, last reported 2 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 6,240.00 | 3,392,697.00 | 97,759.00 |
| 2018-09-30 | 6,975.00 | 3,374,646.00 | 94,907.00 |
| 2018-06-30 | 7,459.00 | 3,338,093.00 | 76,543.00 |
| 2018-03-31 | 3,938.00 | 3,341,135.00 | 89,283.00 |
| 2017-12-31 | -3,686.00 | 3,330,382.00 | 85,683.00 |
| 2017-09-30 | 3,648.00 | 3,308,920.00 | 84,097.00 |
| 2017-06-30 | 3,717.00 | 3,288,087.00 | 84,810.00 |
| 2017-03-31 | 3,379.00 | 3,282,557.00 | 97,465.00 |
| 2016-12-31 | 6,071.00 | 3,263,531.00 | 95,611.00 |
| 2016-09-30 | 4,176.00 | 3,233,815.00 | 84,755.00 |
| 2016-06-30 | 4,069.00 | 3,213,039.00 | 84,775.00 |
| 2016-03-31 | 2,119.00 | 3,200,886.00 | 75,966.00 |
| 2015-12-31 | 4,059.00 | 3,198,095.00 | 82,691.00 |
| 2015-09-30 | 4,003.00 | 3,207,267.00 | 86,134.00 |
| 2015-06-30 | 6,159.00 | 3,199,380.00 | 77,905.00 |
| 2015-03-31 | 3,596.00 | 3,213,520.00 | 77,068.00 |
| 2014-12-31 | 3,720.00 | 3,222,769.00 | 85,962.00 |
| 2014-09-30 | 6,399.00 | 3,201,923.00 | 77,879.00 |
| 2014-06-30 | 6,112.00 | 3,190,281.00 | 65,441.00 |
| 2014-03-31 | 8,092.00 | 3,194,929.00 | 59,437.00 |
| 2013-12-31 | 9,591.00 | 3,235,992.00 | 91,044.00 |
| 2013-09-30 | 11,617.00 | 3,242,482.00 | 105,963.00 |
| 2013-06-30 | 13,243.00 | 3,243,439.00 | 106,156.00 |
| 2013-03-31 | 62,368.00 | 3,233,541.00 | 155,673.00 |
| 2012-12-31 | 7,224.00 | 3,190,222.00 | 94,747.00 |
| 2012-09-30 | 2,412.00 | 3,198,743.00 | 110,024.00 |
| 2012-06-30 | 2,770.00 | 3,164,960.00 | 99,663.00 |
| 2012-03-31 | 268.00 | 3,184,729.00 | 112,855.00 |
BANK ANALYSIS
This company is a bank or financial institution, which is analysed accordingly below.
- Unable to establish if Federal National Mortgage Association has an acceptable proportion of non-loan assets without balance sheet data.
- Unable to establish if Federal National Mortgage Association's liabilities are primarily made up of low risk funding sources without deposits or liabilities data.
- Federal National Mortgage Association reports no customer deposits, loans are made up entirely of borrowed funds.
- Federal National Mortgage Association's level of assets compared to its equity is very high (i.e. bank has borrowed heavily to fund lending).
- Unable to establish if Federal National Mortgage Association has a sufficient allowance for bad loans without relevant financial data.
- Unable to establish if Federal National Mortgage Association has an acceptable level of bad loans without bad loans data.
Financial health checks
We assess Federal National Mortgage Association's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Federal National Mortgage Association has a total score of 0/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
FNMA Dividends
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
Federal National Mortgage Association
shares you are expected to receive
$0
in your first year as a dividend.
Dividend Amount
- Unable to evaluate Federal National Mortgage Association's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
- Unable to evaluate Federal National Mortgage Association's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 1 Analyst Estimates (S&P Global) | See Below |
| United States of America Mortgage Industry Average Dividend Yield | Market Cap Weighted Average of 99 Stocks | 3.2% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2006 Stocks | 2.5% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.5% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.7% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2020-12-31 | ||
| 2019-12-31 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2010-08-05 | 0.000 | 0.000 |
| 2010-05-10 | 0.000 | 0.000 |
| 2010-02-26 | 0.000 | 0.000 |
| 2009-11-05 | 0.000 | 0.000 |
| 2009-10-15 | 0.000 | 0.000 |
| 2009-08-07 | 0.000 | 0.000 |
| 2009-08-06 | 0.000 | 0.000 |
| 2009-05-08 | 0.000 | 0.000 |
| 2009-03-23 | 0.000 | 0.000 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to perform a dividend volatility check as Federal National Mortgage Association has not reported any payouts.
- Unable to verify if Federal National Mortgage Association's dividend has been increasing as the company has not reported any payouts.
Income/ dividend checks
We assess Federal National Mortgage Association's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Federal National Mortgage Association afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Federal National Mortgage Association has a total score of 0/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
FNMA Management
CEO
| COMPENSATION | $252,692 |
| AGE | 62 |
| TENURE AS CEO | 0.4 years |
CEO Bio
Mr. Hugh R. Frater has been Chief Executive Officer of Federal National Mortgage Association (Fannie Mae) since October 16, 2018. Mr. Frater Principal of Shift Capital, LLC since May 18, 2017. He served as the Chief Executive Officer of Berkadia Commercial Mortgage LLC from August 2010 to April 2014. He served as the President and Chief Executive Officer at James Rogan until February 2004. He served as the Chief Executive Officer and President at Anthracite Capital, Inc., from 1998 to February 19, 2004. He served as an Executive Vice President at The PNC Financial Services Group, Inc. from February 2004 to May 2007 and as the Chief Executive Officer at Midland Loan Services and Head of Real Estate Finance. He served as the Managing Director and Senior Advisor at Good Energies Inc. and also served as its Chief Operating Officer From November 2007 to June 2010. Mr. Frater served as a Managing Director and Head of the BlackRock Real Estate Division at the BlackRock Financial Management, Inc. Prior to heading the Real Estate Division, he co-headed the BlackRock Account Management Group. He was a Founding Partner and Managing Director at BlackRock, Inc. from August 1988 to February 2004 and also served as its Member of Management Board. Before joining BlackRock in 1988, he served as a Vice President in Investment Banking at Lehman Brothers in the financial institutions department. He has been the Non-Executive Chairman of VEREIT, Inc. since April 1, 2015. He has been Chairman of Advisory Board of Shift Capital, LLC since May 18, 2017. Mr. Frater served as the Chairman of Berkadia Commercial Mortgage LLC from April 2014 to December 31, 2015. He serves as a Director of Berkadia Commercial Mortgage LLC and Essdar Capital Limited. He has been a Director of ABR Reinsurance Capital Holdings Ltd. since August 2015. He serves as a Member of Advisory Board at Spearhead Capital, LLC. He served as a Director of Anthracite Capital, Inc. from November 1997 to February 19, 2009. He served as a Director at Essdar Capital Managers Limited. He served as a Director at Anthracite Capital, Inc from November 1997 to February 19, 2009. He has been a Director of Federal National Mortgage Association since January 13, 2016. He is active in industry affairs, serving as the Board of Directors of the Mortgage Bankers Association and is also a part of the task forces serving as the Vice Chair of the GSE Multifamily Task Force and Chair of the MBa Affordable Rental Task Force. He serves on the Real Estate Advisory Board at the Columbia University Graduate School of Business since 2004 and on its Board of Overseers since 2015. Mr. Frater received an M.B.A. in Finance from Columbia Business School and AB in English from Dartmouth College. He also attended Columbia University.
CEO Compensation
- Hugh's compensation has increased in line with Federal National Mortgage Association recently becoming profitable.
- Hugh's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the Federal National Mortgage Association management team in years:
- The average tenure for the Federal National Mortgage Association management team is less than 2 years, this suggests a new team.
Management Team
Hugh Frater
Interim CEO & Director
$253K
62
0.4 yrs
David Benson
President
$3M
58
0.6 yrs
Celeste Brown
Executive VP & CFO
$3M
41
0.6 yrs
Kimberly Johnson
Executive VP & COO
$2M
45
1 yrs
Jeffery Hayward
Executive VP & Head of Multifamily Business
$3M
62
17.3 yrs
Andrew Bon Salle
Executive Vice President of Single-Family Mortgage Business
$3M
52
13 yrs
Nancy Jardini
SVP, Chief Compliance & Ethics Officer and Chief Office of Minority & Women Inclusion Officer
Stephen McElhennon
Senior VP & Interim General Counsel
48
0.5 yrs
Steve James
Senior VP & Chief Marketing Officer
0.2 yrs
Elcio Barcelos
Senior VP & Chief Human Resources Officer
1.2 yrs
Board of Directors Tenure
Average tenure and age of the Federal National Mortgage Association board of directors in years:
- The tenure for the Federal National Mortgage Association board of directors is about average.
Board of Directors
Jonathan Plutzik
Chairman
$180K
63
0.3 yrs
Hugh Frater
Interim CEO & Director
$253K
62
3.2 yrs
Bobby Rayburn
Chairman of National Advisory Council
Bob Herz
Independent Director
$185K
64
7.8 yrs
Amy Alving
Independent Director
$170K
56
5.4 yrs
Diane Nordin
Independent Director
$180K
60
5.3 yrs
Renee Glover
Independent Director
$164K
68
3.2 yrs
Ryan Zanin
Independent Director
$161K
55
2.5 yrs
Mike Heid
Independent Director
$170K
60
2.8 yrs
Antony Jenkins
Independent Director
$75K
57
0.7 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
Management checks
We assess Federal National Mortgage Association's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Federal National Mortgage Association has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
FNMA Company Info
Description
Federal National Mortgage Association provides a source of liquidity to the mortgage market and supports the availability and affordability of housing in the United States. It securitizes mortgage loans originated by lenders into Fannie Mae mortgage-backed securities (Fannie Mae MBS). The company operates in two segments, Single-Family and Multifamily. The Single-Family segment securitizes and purchases single-family fixed-rate or adjustable-rate, first-lien mortgage loans, or mortgage-related securities backed by these loans; and loans that are insured by Federal Housing Administration, loans guaranteed by the Department of Veterans Affairs and Rural Development Housing and Community Facilities Program of the U.S. Department of Agriculture, manufactured housing mortgage loans, and other mortgage-related securities. This segment also provides single-family mortgage, as well as credit risk and loss management services. The Multifamily segment securitizes multifamily mortgage loans into Fannie Mae MBS; purchases multifamily mortgage loans; and provides credit enhancement for bonds issued by state and local housing finance authorities to finance multifamily housing. This segment also issues structured MBS backed by Fannie Mae multifamily MBS; buys and sells multifamily agency mortgage-backed securities; and offers delegated underwriting and servicing, as well as multifamily mortgage, and credit risk and loss management services. The company serves mortgage banking companies, savings and loan associations, savings banks, commercial banks, credit unions, community banks, specialty servicers, insurance companies, and state and local housing finance agencies. Federal National Mortgage Association was founded in 1938 and is headquartered in Washington, the District of Columbia.
Details
| Name: | Federal National Mortgage Association |
| FNMA | |
| Exchange: | OTCPK |
| Founded: | 1938 |
| $15,093,148,868 | |
| 5,738,839,874 | |
| Website: | http://www.fanniemae.com |
| Address: |
Federal National Mortgage Association Midtown Center, 1100 15th Street, NW, Washington, District Of Columbia, 20005, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| OTCPK | FNMA | Common Stock | Pink Sheets LLC | US | USD | 31. Aug 1970 | |
| LSE | 0IL0 | Common Stock | London Stock Exchange | GB | USD | 31. Aug 1970 | |
| OTCUS | FNMF.O | PFD CV 5.375% | Other "Grey Market" OTC | US | USD | 11. Mar 2005 | |
| OTCPK | FNMA.I | PFD6.75% SER Q | Pink Sheets LLC | US | USD | 03. Oct 2007 | |
| OTCPK | FNMA.J | PFD7.625%SER R | Pink Sheets LLC | US | USD | 20. Nov 2007 | |
| OTCPK | FNMA.S | PFD8.25%SER S | Pink Sheets LLC | US | USD | 18. Dec 2007 | |
| OTCPK | FNMA.T | PFD 8.25% SR T | Pink Sheets LLC | US | USD | 15. May 2008 | |
| OTCPK | FNMA.H | VAR PFD SER P | Pink Sheets LLC | US | USD | 28. Sep 2007 | |
| OTCPK | FNMA.K | PFD SER N | Pink Sheets LLC | US | USD | 23. Sep 2003 | |
| OTCPK | FNMF.M | PFD 5.10% E | Pink Sheets LLC | US | USD | 27. Jun 2003 | |
| OTCPK | FNMA.L | PFD M 4.75% | Pink Sheets LLC | US | USD | 13. Jun 2003 | |
| OTCPK | FNMA.P | PFD F VAR RATE | Pink Sheets LLC | US | USD | 13. Apr 2000 | |
| OTCPK | FNMA.O | PFD G VAR RATE | Pink Sheets LLC | US | USD | 16. Aug 2000 | |
| OTCPK | FNMA.M | PFD SER H % | Pink Sheets LLC | US | USD | 23. Apr 2001 | |
| OTCPK | FNMA.G | PFD I 5.375% | Pink Sheets LLC | US | USD | 22. Nov 2002 | |
| OTCPK | FNMA.N | PFD L 5.125% | Pink Sheets LLC | US | USD | 23. May 2003 | |
| OTCPK | FNMF.N | PFD O VAR RATE | Pink Sheets LLC | US | USD | 31. Dec 2004 | |
| BASE | FNMA | CEDEAR EACH 3 REP 1 ORD NPV | Buenos Aires Stock Exchange | AR | ARS | 05. Oct 2000 |
Number of employees
Current staff
Industry
| Thrifts and Mortgage Finance | |
| Banks |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/03/22 23:36 |
| End of day share price update: | 2019/03/22 00:00 |
| Last estimates confirmation: | 2019/02/20 |
| Last earnings filing: | 2019/02/14 |
| Last earnings reported: | 2018/12/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
