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Fannie Mae (QB)

Fannie Mae (QB) (FNMAG)

17.10
0.42
( 2.52% )
Updated: 11:25:58

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Key stats and details

Current Price
17.10
Bid
16.50
Ask
17.10
Volume
600
16.50 Day's Range 17.10
0.00 52 Week Range 0.00
Market Cap
Previous Close
16.68
Open
16.50
Last Trade
300
@
17.1
Last Trade Time
11:25:58
Financial Volume
$ 10,050
VWAP
16.75
Average Volume (3m)
-
Shares Outstanding
1,158,087,567
Dividend Yield
-
PE Ratio
565.38
Earnings Per Share (EPS)
-
Revenue
26.87B
Net Profit
3M

About Fannie Mae (QB)

Fannie Mae is a government-sponsored enterprise that was chartered by Congress in 1938 to support liquidity, stability and affordability in the secondary mortgage market, where existing mortgage-related assets are purchased and sold. Fannie Mae is a government-sponsored enterprise that was chartered by Congress in 1938 to support liquidity, stability and affordability in the secondary mortgage market, where existing mortgage-related assets are purchased and sold.

Sector
Mortgage Bankers & Loan Corr
Industry
Mortgage Bankers & Loan Corr
Headquarters
Washington, District Of Columbia, USA
Founded
-
Fannie Mae (QB) is listed in the Mortgage Bankers & Loan Corr sector of the OTCMarkets with ticker FNMAG. The last closing price for Fannie Mae (QB) was $16.68. Over the last year, Fannie Mae (QB) shares have traded in a share price range of $ 0.00 to $ 0.00.

Fannie Mae (QB) currently has 1,158,087,567 shares outstanding. The market capitalization of Fannie Mae (QB) is $19.32 billion. Fannie Mae (QB) has a price to earnings ratio (PE ratio) of 565.38.

FNMAG Latest News

Free Real-Time Level 2 Quotes Available in Fannie Mae and Freddie Mac at OTCMarkets.com

Free Real-Time Level 2 Quotes Available in Fannie Mae and Freddie Mac at OTCMarkets.com PR Newswire NEW YORK, Dec. 5, 2013 NEW YORK, Dec. 5, 2013 /PRNewswire/ -- Investors and traders in Fannie...

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
10000000PR
40000000PR
120000000PR
260000000PR
520000000PR
1560000000PR
2600000000PR

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FNMAG Discussion

View Posts
Clark6290 Clark6290 9 minutes ago
I have observed the use of Boom previously. Soon enough pps may claw back to Wednesday's pps prior to the Yuge drop during the big dawgs dumping millions of shares
👍️0
RickNagra RickNagra 28 minutes ago
I think the spring is broken.
👍️0
pauljon4 pauljon4 32 minutes ago
Buy it navedog. You can do this
👍️0
JusticeWillWin JusticeWillWin 53 minutes ago
Chart looks like a spring about to explode.
👍 1 🤣 1
FOFreddie FOFreddie 55 minutes ago
Hi Red Cloud. Dr. Susan Wachter of Wharton confirmed this in her FCIC Interview. Check out the from the 58 minute mark. The question from the FCIC interviewers was which regulators were pushing the GSEs to buy subprime loans - Dr. Wachter said she rather not say - then the interviewers said - " What if we turn off the tape?" She said sure and the interviewers turned off the tape.

https://elischolar.library.yale.edu/ypfs-audio/304/
👍️0
navycmdr navycmdr 58 minutes ago
now 91,614 shares on Freddie BID @ $2.66 ...
👍️0
Lite Lite 1 hour ago
That’s a good one,

“…. far as you can get without a spaceship.”
👍️0
RickNagra RickNagra 1 hour ago
We cannot seem to breakthrough $2.69 for some strange reason.
👍️0
RickNagra RickNagra 1 hour ago
Calling all whales.
👍️0
Clark6290 Clark6290 1 hour ago
Point? Much change since then Amigo
👍️0
2latefortears 2latefortears 1 hour ago
Lol, no argument from me!
👍️0
Red Cloud Red Cloud 2 hours ago
Speaking of Bailouts....

I came across this article a few months ago, thought you guys might enjoy this:

https://www.smh.com.au/business/fannie-freddie-under-pressure-to-start-buying-20081013-4zwn.html

The Sydney Morning Herald is published in Sydney, Australia - about as far away from the U.S. as you can get without a spaceship. It appears as if this article only ran in this paper - I can't find any other publication that carried this story at the time. The author, Dawn Kopecki, is a business reporter and I think she was with Bloomberg at the time this was written.

"...Spokesmen for Fannie and Freddie would not comment..."

"...FHFA spokeswoman Stefanie Mullin would not comment on the details of the program. Treasury spokeswoman Jennifer Zuccarelli was not immediately available for comment...."
👍️ 1
jog49 jog49 2 hours ago
"There's already so many cooks in the kitchen, I don't think Congress will be involved. They had their chance in the last 15 years and not much was accomplished (to say the least).
Thanks, good luck!"

Let's tweak your statement a bit and it will be perfect:

There's already TOO many cooks in the kitchen, I don't think Congress will be involved. They had their chance in the last 16 years and NOTHING was accomplished (to say the least).
Thanks, good luck!
👍️ 2
jog49 jog49 2 hours ago
NEE, the largest electric utility pays $2.06/year and DUK pays $4.18/year in dividends now. FNMA paid $2.28/year in 2008 until the slide started in 2Q 2008. Fannie was much smaller then.
👍️ 1
2latefortears 2latefortears 2 hours ago
There's already so many cooks in the kitchen, I don't think Congress will be involved. They had their chance in the last 15 years and not much was accomplished (to say the least).
Thanks, good luck!
👍️ 3
pauljon4 pauljon4 2 hours ago
Alright So a bit of trading between yesterday and this morning. I now officially have all of my FNMA FMCC shares at a zero cost basis.
Great feeling! But still have a s-load of shares and will be very pissed off when it dips for no F'in reason.
👍️ 1
Lite Lite 2 hours ago
My guess is that after confirmation, Mr Bessent will get His interview, hopefully with Maria, who will pose the CONservatorship question. She has been good and appears sincere towards Shareholders and deserves that opportunity/interview. GLTA
👍️ 2
FOFreddie FOFreddie 2 hours ago
Thanks Nats. Seems like the div yield and potential cram down risk will dictate the potential upside on common then. If you assume $ 12.5 bn earnings for FMCC and a 50% payout ratio - pro forma market cap is $ 125 bn and we need $ 125 bn for regulatory cap. I was assuming 3% div yield and higher potential valuations.
👍️ 1
Lite Lite 2 hours ago
If that’s what Congress wants, then they shouldn’t let the Housing Oversight Board go rogue while ignoring the GAO’s recommendations. Even former President Clinton admitted fault. That’s the difference between solid fiscal policy and what we have witnessed with a Congress that appears to have failed to support a balanced budget.

We hope, we pray and ‘We The People’ take action. GLTA with your support of this legislation process. I really enjoy reading your comments.

“The biggest hang-up from both sides is the "private gains, taxpayer bailout" scenario they don't want to repeat.”
👍️ 1
Viking61 Viking61 2 hours ago
Thanks
👍️0
Viking61 Viking61 2 hours ago
Thanks
👍️0
jog49 jog49 2 hours ago
I'm not convinced the DOGE will be sniffing around. FHFA is not a taxpayer supported agency unless something has changed. Fannie Mae and Freddie Mac supply their funding so we have been screwing ourselves all this time. Adam wouldn't have even needed Eve in the Garden of Eden if in our situation. He could screw himself!
👍️ 1
amelia43 amelia43 2 hours ago
As much as I wish for $3, it’s not happening today we are too far from $3 to print $3.

In fact I think we might stay in the $2’s for a bit.
👍️ 1
wdereb79 wdereb79 2 hours ago
Congrats on the great season. I wish you guys luck. As a Browns fan, I understand your misery very well unfortunately lol. Campbell is a great coach. I love his mentality. His players would run thru a brick wall for him.
👍️0
Stern is Bald Stern is Bald 2 hours ago
Yep - fleecing is the key word... Most people just think these Uber rich set really care about their situation and aren't they smart enough to see what's going on behind the shiny objects..
👍️ 1
JSmith5 JSmith5 3 hours ago
With a utility model FHFA still does not need 1200+ people.
Maybe 100 at most.

Look - I agree that 2 GS-5s and an untrained dog could run the place. But - wouldn't it be better to lay low on this issue and not disrupt the agency until we get our release set up? The last thing we need right now is for DOGE sniffing around. After that, I will go downtown and help them to load the UHaul.

Nats
👍️0
Adagio Lector Adagio Lector 3 hours ago
The updates on the Manhattan side need to be done - Pier 17 and Tin Building are ok, but it's lagging behind the Brooklyn side, for sure.
👍️ 1 💯 1
Rodney5 Rodney5 3 hours ago
Utility Model, a government allowed monopoly. Fannie and Freddie would become dominate in the secondary mortgage market as a public service. Not to say other businesses would not be allowed in the secondary market. Operations would be monitored by a public utilities commission or similar government agency. Fannie and Freddie would operate as a public-service corporation and providing essential services to the public. Monopoly would exist as a cost-effective way to provide consumers with the best quality and price. For the best interests of society providing these services economically accessible to most or all of the population.

For investors, price control by the regulator with a predetermined profit margin, which would be limited to a predetermined % amount. No competition from the TBTF Bankers.
👍️ 1
JSmith5 JSmith5 3 hours ago
Duke Energy - which someone provided as an example - is 3.65% so all this is within the ballpark. It may be frustrating to wait for more cap, but you are still talking almost $30B per year organically. Also, as it stands now, juniors would get the first $2B, averaging a 6% dividend.

These aren't tech companies and don't expect to see mega earning growth each year going forward. Because of the heavy regulation that continues after release, I have always assumed that, if not utilities per se, they would be released with some kind of earnings restriction.

To make the stock attractive as possible I think the dividend will be in the 4-5% range.

Nats
👍️0
Semper Fi 88 Semper Fi 88 3 hours ago
Yes I'm aware. It's all just a " sales pitch" to pretend to be doing something while the fleecing continues. Our hope as longs here is trump will somehow position himself to reward from the release. Then we are golden sooner than later. However I have little faith in any of them but would not sell a share regardless at this juncture. I would love to see a take down to 50 cents again so I could double my position :) I know they will be released...just not by whom or when like everyone else. Meanwhile traders and Hedgies are making millions off newbs every day with this trade and HFTs. At least my shares cost me nothing so I'm a lot less stressed over this theft.
👍️0
MRJ25 MRJ25 3 hours ago
With a utility model FHFA still does not need 1200+ people.
Maybe 100 at most.
👍️ 2
FOFreddie FOFreddie 3 hours ago
Sorry to disagree and I understand your points regarding the SPS but there is no reference to the SPS in the warrant agreement which was entered into in Sept. 2008. This is just a warrant for the Common Stock. It is an easy way forward for the UST to move to EXIT. For me - I want EXIT ASAP and not wait until a new House in 2026 or a new Admin in 2028.
👍️0
JOoa0ky JOoa0ky 3 hours ago
Difaras only meant something when it was the old man tossing up the pies. But he's gone now and the whole place is now just sad.

You should give Una Pizza a try.
https://g.co/kgs/SbPSnig
👍️0
jog49 jog49 3 hours ago
The favorite dance here is the LIMBO . . . . has been since 2008!
How low can you go!
👍️0
Barron4664 Barron4664 3 hours ago
"THIS CERTIFIES THAT, for value received, the United States Department of the Treasury, with its principal
office at 1500 Pennsylvania Avenue, NW, Washington, DC 20220 (the “Holder”), is entitled to purchase"

These are the only words of importance in the contract. This sentence establishes a prohibited fee or charge related to the purchase of 1 million shares of senior preferred shares by Treasury. A violation of the Charter Acts of the GSE's and the Treasury's limited actions granted by Congress in HERA. Congress did not authorize Treasury to provide a "funding committment" upon which in consideration of such funding they may grant themselves 100,000 common shares/$1. Nor attach such funding as a LP on the sale of the seniors. All illegal. 
👍️ 5
FOFreddie FOFreddie 3 hours ago
Thanks Nats! Check out AGM - Farmer Mac - another US GSE - https://finance.yahoo.com/quote/AGM/

Farmer Mac has a 2.63 div yield - Fannie and Freddie are probably less risk because they are more diversified so maybe 3 to 3.5% div yield. $ 300 bn x 3% is $9 bn annually leaving $ 16 bn for cap. The question is how much dilution and then supporting that market cap with a div yield. If you assume Boltasky is right we will need about $ 75 bn more cap. Even if it is $ 375 bn X .03 = 11.25 bn in divs.

By comparison - JPM is around 2 pct but it has more growth prospects so it should be lower. SLM - Sallie Mae also has an approx 2% div yield
👍️0
Clark6290 Clark6290 3 hours ago
Doubtful. Are you Navy's alias
👍️ 1
2latefortears 2latefortears 3 hours ago
It sure has-the GSE's in conservatorship are basically operating like a utility now (without the dividends).
👍️ 1
JSmith5 JSmith5 3 hours ago
A utility is typically a low growth, defensive, steady performer even when the rest of the market is in a downturn (resistant to recessions). They usually pay a consistent dividend as well.

Along that line - despite COVID and other headwinds - hasn't their net income been consistent over the last few years?

Nats
👍️ 1
Guido2 Guido2 3 hours ago
The same agreement defines "fair value". 100,000 shares for a $ isn't fair value according to the same agreement and will be challenged.
👍️ 2
Guido2 Guido2 3 hours ago
Main drawback is more government interference than it previously had before conservatorship.
👍️ 1
JSmith5 JSmith5 3 hours ago
What might the numbers look like ?

I think you could back into it. Assume 5% dividend, 2/3 of net income distributed as dividends (which I have pointed out before is perfectly normal for a utility stock).
You have about $25B in combined income - so say $18B is distributed among the 1.8 billion shares. That's $10 a share. So the stock price would have to be $200.

Now this does not take into account the warrants, juniors and seniors, and so forth. All I am saying is that, unmolested by dilution, this is what I think would be in the ballpark.

I think that, pre conservatorship, these were largely old people utility-like dividend stocks - so makes sense from that standpoint.

Hope this helps.

Nats
👍️ 2
Viking61 Viking61 3 hours ago
Have you been to the Difara’s south Seaport location? A little closer to us.
👍️0
Sammy boy Sammy boy 3 hours ago
This Stock is so corrupt! Shit or get off the pot! Zero or $20, make up your mind!

Lamberth and Fauci would make great cell mates!

Where’s Porky live?
👍️0
FOFreddie FOFreddie 3 hours ago
But the Brooklyn Bridge is pretty high up on the totem pole for architectural marvels. Its amazing how that area has developed over the years - I remember when there was nothing there besides the Watchtower HQ.
👍️0
tzebedee tzebedee 4 hours ago
I've been a Lions fan thru all the thick and thin, I've had family look down on me when wearing the Hawaiian blue, for years! Say, 51 years ! "How could you be a LIONS fan????" I would say well, how sweet it'll be.. no bandwagoners allowed lol. Joking of course
👍️0
RickNagra RickNagra 4 hours ago
I think we might print $3 today.  Maybe not $4 but $3 for sure or mighty close to $3.  The Housing Wire article this morning would be the catalyst.  Let's hope other media outlets pick it up.  Bloomberg or Wall Street Journal would do the trick.
🚀 2 🤣 1
2latefortears 2latefortears 4 hours ago
A utility is typically a low growth, defensive, steady performer even when the rest of the market is in a downturn (resistant to recessions). They usually pay a consistent dividend as well.
👍️ 2
Viking61 Viking61 4 hours ago
Thanks buddy we will today. We fly back to Minny to see the Vikings play tomorrow.
👍️0
jog49 jog49 4 hours ago
"Gse’s don’t sell loans and were not responsible for 2008"

Hell Golf, there are people in Congress that thought Fannie and Freddie were set up on every street corner in America loaning money for home purchases! And that mentality (or lack thereof) has been around since 1938.
Maybe Fannie and Freddie can loan me some money for a new car!
👍️0

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