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Fannie Mae (QB)

Fannie Mae (QB) (FNMAG)

17.10
0.42
(2.52%)
Closed December 06 4:00PM

Professional-Grade Tools, for Individual Investors.

Key stats and details

Current Price
17.10
Bid
15.50
Ask
17.10
Volume
21,959
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
500
@
17.1
Last Trade Time
Financial Volume
$ 373,278
VWAP
17.00
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/ --ย Investors and traders in Fannie...

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

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FNMAG Discussion

View Posts
stink stack stink stack 7 minutes ago
Shhh, don't talk about this Golden Goose to much y'all could jinx us.
๐Ÿ‘๏ธ0
RickNagra RickNagra 18 minutes ago
It's better than nothing.  Beggars cannot be choosers.  Maybe other write ups will follow suit.
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MRJ25 MRJ25 32 minutes ago
To me the Treasury/FHFA have until 1/20/25 to make something happen.
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TightCoil TightCoil 44 minutes ago
Well, it won't happen overnight,
might take 2or 3 weeks
👍️ 2 🤣 1
Patswil Patswil 48 minutes ago
IMHO this guy is a nobody from nowhere.  It carries no weight.   Not like it's Wells Fargo, or B od A , or GS
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Guido2 Guido2 56 minutes ago
https://x.com/GuidoPerei/status/1865156937962393949
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Rodney5 Rodney5 2 hours ago
Toxic or not Fannie and Freddie were the engine used to bailout the banks.

Fannie and Freddie did not meet any of the 12 requirements passed by the newly passed HERA legislation justifying conservatorship.

Rodney5
Re: Robert from yahoo bd post# 761720
Tuesday, 08/08/2023 7:23:46 AM
Paulson said it best himself, when he told the Financial Crisis Inquiry Commission, โ€œ[Fannie and Freddie], more than anyone, were the engine we needed to get through the problem.โ€ Treasury needed Fannie and Freddie to help keep the financial system afloat, and it simply took them, under pretense of a rescue. (nationalized)

The Federal Reserveโ€™s program purchased MBS issued by the GSEs. Putting aside toxic or not the Treasury / Federal Reserve freely admitted the GSE's were used to help prop up the housing market.

Itโ€™s been argued the GSEs did not purchase toxic securities, (worded toxic or not), will not void the fact the GSEs were used to funnel purchases made by the companies to the fed.


Evidence
From Board of Governors of the Federal Reserve System
95th Annual Report 2008

Quote: "since the November 25 announcement of the Federal Reserveโ€™s program to purchase MBS issued by the housing GSEs and Ginnie Mae, and they currently stand at 5 percent." End of Quote page 19

Link: https://www.federalreserve.gov/boarddocs/rptcongress/annual08/pdf/AR08.pdf


Quote: "It's a big event that the Federal Reserve is offering to buy up nearly 10% of the agency mortgage market," said Art Frank, a mortgage strategist with Deutsche Bank Tuesday morning, the Federal Reserve announced that it would buy up to $500 billion of mortgage bonds guaranteed by Fannie, Freddie and Ginnie Mae, providing the ultimate support to prop up the $4.8 trillion market of these securities. The central bank also will buy $100 billion of the mortgage finance companies' debt securities, including that of the Federal Home Loan Bank, through reverse auctions starting next week. So far, other initiatives to prop up the market including a plan to have both the government-sponsored enterprises buy nearly $200 billion of these bonds and the U.S. Treasury's unlimited purchase of these bonds have done little to stop the weakening of risk premiums on mortgage bonds. As a result, mortgage rates have remained at elevated levels with little relief to consumers." End of Quote

Link: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=33791597
👍️ 5 💯 3
blownaccount9 blownaccount9 2 hours ago
We need to bear in mind they havenโ€™t taken into account dividends to preferred that will take a chunk out of earnings, dividends to common when we get to that point as well, and any possible dilution from government unwind. Regardless $20 seems pretty achievable day 1. Iโ€™d like to at least see $40 by 2026/2027. Iโ€™ll gladly take $90 though.
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Clark6290 Clark6290 2 hours ago
Fantasy land Amigo
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MRJ25 MRJ25 2 hours ago
Treasury/FHFA are at risk. This charade is getting so much attention. The misdeeds could hit the news headlines.

Go FNF.
👍️ 2 💯 1
MRJ25 MRJ25 2 hours ago
Price target $90.00. Bring it on!
👍️ 4 💥 1
RickNagra RickNagra 2 hours ago
Oh wow price target $90 minimum.  Great find.
👍️ 1 💥 1
Clark6290 Clark6290 2 hours ago
To the train station pencil neck. My internet is down, pps check now
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juicyjuice10002 juicyjuice10002 2 hours ago
https://sinvestsllc.com/fannie-mae-fnma-price-target-90/
New target from the same investment research who recommended this at 43 cents two years ago.
👍️ 3 🚀 2
Kimbrown Kimbrown 2 hours ago
The same folks dump, the same buy. When they dump, we don't sell,we buy, the price will go up.
👍️ 2 💤 1 💯 1
jog49 jog49 2 hours ago
Is that Hillary posing as Lady Liberty on that $1,000,000 bill?
🤣 3
skeptic7 skeptic7 2 hours ago
I think it's gonna hang where it is, plus or minus a few pennies. Still all complete speculation and too much uncertainty as a result. Trying to keep the lid on what's been done here is either going to be successful (as it's been for the past 16 years) or become a Rosetta stone moment. Knowing the history...option A seems more likely, but Option B would be fun for sure.
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blownaccount9 blownaccount9 2 hours ago
Yup. And it backfired on them when it drove their profitability even higher and it allowed the government to sue lenders generating the loans and collect those checks too. They literally double dipped on the entire situation. And screwed FnF shareholders twice by sweeping profits when they realized all those mortgages were still going to be profitable.
👍️ 1 💯 2
trunkmonk trunkmonk 2 hours ago
Sorry u and Tim are both wrong. Donโ€™t care what either of u say, itโ€™s a fact and will be a factor if needed someday.
👍️ 2 💯 1 🤓 1
kthomp19 kthomp19 3 hours ago
Immediately upon being forced into conservatorship they are forced to buy $billions more of toxic mortgages.

This is false. Tim Howard searched for evidence for this claim and couldn't find any.

Then thereโ€™s the fact that after five and a half years of performance results on Fannieโ€™s 2009 book of business, its cumulative default rate is similar to the high-quality 2002 and 2003 books, and a fraction of the default rates of the 2007 and 2008 books. There is absolutely no evidence that Fannie Mae purchased toxic loans post-conservatorship, yet continued references to this myth, including by SCS, perpetuate it, which is not helpful.

The source of the rumor that FHFA and Treasury forced FnF to buy toxic mortgages after conservatorship started was from a Bloomberg article that itself had no evidence to back it up.

I truly can't understand why anyone would continue to push that false narrative.
👍️ 1
kthomp19 kthomp19 3 hours ago
All illegal.

None of this matters until and unless a court rules in favor of the plaintiffs on lawsuits that allege such illegality.

File your own lawsuit, shut up, or be exposed as an all-talk do-nothing hypocrite.
๐Ÿ‘๏ธ0
kthomp19 kthomp19 3 hours ago
I could be wrong, but believe that most of the folks on this board, including me, were not the same folks who were screwed over by the Government in 2008 or even 2012, but came by way of these stocks much later in the game because it was a special situation and we saw the opportunity to make better than average returns. It was a great risk/reward play when you could buy 100,000 common shares for a quarter each or preferred shares for a nickel on the dollar (not that I got in that cheap for either). But the warrants and the seniors existed at the time many of us bought and we knew what we were buying into. Yet many of these late comers are same people who complain that the Government screwed us. They didn't screw me because I bought in the post-screw period as I think most of us did. People got out their calculators and started multiplying their number of shares by $5 and said "why not $50?" then "why not $150? $350"?. Thinking closer to winning the lottery than investing in 2 solid companies. (I still can't wrap my head around MBS backed by 750 FICOs and 50% LTVs - Damn!! ) And then developing a sense of entitlement - as in hey - the Government owes me at least $xx per share because they screwed the company 16 years ago.

That paragraph is a work of art. Bravo.

If any post on this board needs to be stickied, it's this one.
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kthomp19 kthomp19 3 hours ago
What about that poor shareholder who doesn't have the funds to file a lawsuit, but certainly knows his money vanished by theft? Or the widow woman suffering though the taking of private property who knows it was stolen? Or the police officer whose life savings invested in the Austin Retirement Police Officers fund who is unable to retire because his money was robbed from him? What about that?

They could band together and file a class action lawsuit on contingency if they really wanted. Crying poor mouth on their behalf doesn't make you any less of a hypocrite anyway.

In addition, if any of these shareholders have sold their shares then any resolution that causes current shareholders to benefit doesn't help them at all.

If you were truly concerned about justice then you would be advocating for a resolution that gives money only to those who held shares when the conservatorships started and when the NWS was signed. Anyone who bought shares after the NWS has no right to complain about how the NWS screwed them, and the same applies to the original conservatorships.

Are these people hypocrites because their unable to file a lawsuit?

No, because they aren't constantly spouting off legal theories and whining about supposedly illegal government activities. Of the "file your own lawsuit, shut up, or be shown to be a hypocrite" options they have chosen #2, whereas you keep choosing #3.

The hypocrites are those who do such continual whining but refuse to actually do anything about it. Like you.
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kthomp19 kthomp19 3 hours ago
Do you know if the warrants have an anti-dilution protection clause? I dont understand why the UST wouldnt just wait until all the necessary capital is raised post exit and then just exercise their warrants for 80% of the outstanding float after the required new shares are issued?

The warrants are "magic", in that they give Treasury a 79.9% stake in the common once exercised no matter what the prior share count had been.

As such, there is no way that outside investors will contribute capital or the juniors will agree to an exchange for commons if the warrants still exist and haven't been exercised. A similar argument applies to the senior prefs.

1. turn on the JPS divs - 2. start paying divs on common - 3. issue new stock to reach cap requirements - 4. offer JPS opportunity to convert rather than raising new cap for the $ 30bn JPS - 5. exercise the warrants - 6. start selling UST stake over time as GSEs become part of stock indices - 7. change the charter to provide for the merger of FNMA and FMCC - 8. Move them to Cincinatti to save on overhead and costs and get away from the DC swamp.

I think it will look like this:

1) Convert or write down the senior pref liquidation preference
2) Exercise the warrants
3) Offer junior pref conversion
4) Raise capital (if needed)
5) Release FnF from conservatorship
6) Turn on dividends for both prefs and commons
7) Relist the shares
8) Treasury sells its common stake over time a la AIG

It is quite possible that many, if not all, of steps 1-7 happen in a very short time period. It would require an agreement between FHFA, Treasury, outside investors, and junior pref shareholders.
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RickNagra RickNagra 3 hours ago
I am expecting a EOD spike.
💥 1
NeoSunTzu NeoSunTzu 3 hours ago
We all should know or figure by now that Whalen's outing earlier this week was meant to be a shot across the bow aimed directly at shareholders price hopes ... I figured they would at least wait until next week sometime to bring out another weapon ... I didn't even have Hank Paulson on my radar thinking he would want to lay low for a while or stay out altogether given his part in the original takedown.

I see Red Cloud posted something from Hank making a statement on the GSEs, which prompted this post, but I could NOT bear to watch ... so I have no idea what it's all about, but he could very well be the biggest weapon they could bring out for the final takedown attempt (which he could be used all the way through Trump's attempt to end this) ... one would think he'll want to bury as much of the past and legitimize his moves as much as possible. However, on the other hand, although I would never believe it till I see it, maybe not even then, he could come out the other direction and call an end to the 2008 crisis, exonerate the twins, and ride off into that billionaire's sunset ... everything up to this point has been so ugly and deceptive I can hardly fathom a story book ending coming from Hank Goldman Paulson.

If the Hank video is old it may help reinforce our arguments not, but Trump, Ackman, Elon, Vivek - should all unite against the Bush past and warn Hank to steer clear of this admins effort or face investigation from his part in the takedown ...
👍️ 1
Red Cloud Red Cloud 3 hours ago
Here's Hank Paulson making a statement about Fannie and Freddie buying MBS to support the housing market



So: Fannie and Freddie were forced into conservatorship because they held too many toxic mortgages. Immediately upon being forced into conservatorship they are forced to buy $billions more of toxic mortgages.
👍️ 2 💯 2
RickNagra RickNagra 3 hours ago
500K volume spike.
👍️ 1 💥 1
Guido2 Guido2 3 hours ago
Similar articles were published in the States by Bloomberg News and MarketWatch. I saved the latter.

https://www.cnbc.com/watchlist/#!/watchlist/5725383

For Newbies, the true reason for the conservatorship: TO BUY BAD MORTGAGES HELD BY TBTF BANKS.
👍️ 4 💯 2
pauljon4 pauljon4 3 hours ago
DOGE. Take care of this unfreedom of information toilet.
๐Ÿ‘๏ธ0
navycmdr navycmdr 3 hours ago
Fannie / Freddie express Train is Headed back to Yuma ! - ......




but resident Walter got lumpy sanitorium oatmeal this mornin'
👍️ 3 💥 2
FOFreddie FOFreddie 3 hours ago
Thanks - she is an expert and also teaches at the same school DJT and his children went to. Here is her explaining the GSEs in 2015



She will probably weigh in again and some one should bring up the fairness and equity part of how shareholders were screwed by Regulators coercing the GSEs to buy subprime and how the UST added to instability by the leak of the Barrons For Your Eyes Only Memo in March of 2008 which led to the collapse of Bear Stearns.

Here is the NEC Memo to the UST in March 2008 that was leaked to Barrons the week before Bear Stearns collapsed:

https://fcic-static.law.stanford.edu/cdn_media/fcic-docs/2008-03-08_Treasury_Email_from_Hason_Thomas_to_Robert_Steel_Re_Source_document_for_Barrons_article_on_FNM.pdf

Two months later the GSEs raised $ 5 bn plus of JPS at $ 25 per share and no one knew the NEC and UST thought shareholders " would be wiped".
👍️ 3 💥 2
pauljon4 pauljon4 3 hours ago
Hysterical. Can't be allowed to post a Trump dance video on this lame donkey site. YMCA..,
🙄 1
Red Cloud Red Cloud 4 hours ago
Great find..

The regulators were pushing Fannie and Freddie to buy Alt-A & sub-prime loans.
Dr. Wachter should have been deposed.
👍️ 2 💯 2
Clark6290 Clark6290 4 hours 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
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RickNagra RickNagra 4 hours ago
I think the spring is broken.
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pauljon4 pauljon4 4 hours ago
Buy it navedog. You can do this
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JusticeWillWin JusticeWillWin 5 hours ago
Chart looks like a spring about to explode.
👍 3 🚀 1 🤣 1
FOFreddie FOFreddie 5 hours 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/
👍️ 2 💯 2
navycmdr navycmdr 5 hours ago
now 91,614 shares on Freddie BID @ $2.66 ...
👍️ 1 💥 3
Lite Lite 5 hours ago
Thatโ€™s a good one,

โ€œโ€ฆ. far as you can get without a spaceship.โ€
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RickNagra RickNagra 5 hours ago
We cannot seem to breakthrough $2.69 for some strange reason.
๐Ÿ‘๏ธ0
RickNagra RickNagra 5 hours ago
Calling all whales.
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Clark6290 Clark6290 5 hours ago
Point? Much change since then Amigo
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2latefortears 2latefortears 5 hours ago
Lol, no argument from me!
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Red Cloud Red Cloud 5 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...."
👍️ 2 💯 1
jog49 jog49 5 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 5 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.
👍️ 2
2latefortears 2latefortears 6 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 6 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

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