Federal National Mortgage Association (FNMAN)
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Federal National Mortgage Association (FNMAN) trades at $15.42. Federal National Mortgage Association (Fannie Mae) is a leading provider of mortgage financing in the U. S. Market cap: $8.13B, Sector: Financial services.
Price live · AI analysis from Mar 16, 2026Analyst Coverage for FNMAN: FNMAN does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates FNMAN against Financial Services peers across nine fundamental dimensions and assigns an underweight signal based on the underlying data.
FNMAN: 1/1 perspectives are bearish.
How is this calculated? →Federal National Mortgage Association (FNMAN) Financial Services Profile
Federal National Mortgage Association (Fannie Mae) facilitates mortgage financing in the U.S. by securitizing loans into mortgage-backed securities. Operating through its Single-Family and Multifamily segments, Fannie Mae serves diverse financial institutions and housing agencies, playing a crucial role in the housing market with a high gross margin of 98.0%.
What Is the Investment Thesis for FNMAN?
Federal National Mortgage Association presents a unique investment case within the financial services sector. With a market capitalization of $8.13B and a P/E ratio of 2.37, the company demonstrates significant earnings potential. A high gross margin of 98.0% and a profit margin of 15.2% indicate efficient operations. Key value drivers include the continued demand for mortgage-backed securities and the company's role in supporting affordable housing. Growth catalysts include potential regulatory reforms and expansion of its multifamily segment. However, the company faces risks related to interest rate fluctuations and economic downturns, which could impact mortgage demand and credit quality. The company's beta of 1.77 suggests higher volatility compared to the market.
Based on FMP financials and quantitative analysis
FNMAN Key Highlights
- Market capitalization of $8.13B indicates substantial size and influence in the mortgage market.
- P/E ratio of 2.37 suggests the company may be undervalued compared to its earnings.
- Gross margin of 98.0% highlights efficient operations in securitizing mortgage loans.
- Profit margin of 15.2% demonstrates the company's ability to generate profits from its operations.
- Beta of 1.77 indicates higher volatility compared to the market, potentially offering higher returns but also greater risk.
Who Are FNMAN's Competitors?
FNMAN is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| AMDUF Amundi S.A. | $64.90 | -22.47% | $13.29B | 49 |
| AMIGY Admiral Group plc | $48.38 | -1.58% | $14.82B | 53 |
| CGXYY China Galaxy Securities Co., Ltd. | $27.99 | +1.16% | $12.24B | 48 |
| CMSQF Computershare Limited | $27.23 | -1.43% | $15.75B | 46 |
| EGFEF Eurobank Ergasias Services and Holdings S.A. | $4.84 | +3.09% | $17.73B | 50 |
| SNFCA Security National Financial Corporation | $9.86 | +1.39% | $221.25M | 73 |
| BETRW Better Home & Finance Holding Company | $0.20 | -1.46% | $441.57M | 69 |
| ECPG Encore Capital Group, Inc. | $89.85 | -0.84% | $1.93B | 66 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are FNMAN's Key Strengths?
- Established player in the U.S. mortgage market.
- Expertise in securitizing mortgage loans and managing credit risk.
- Broad network of relationships with mortgage lenders and financial institutions.
What Are FNMAN's Weaknesses?
- Sensitivity to interest rate fluctuations and economic cycles.
- Exposure to credit risk from mortgage loans.
- Dependence on government policies and regulatory oversight.
What Could Drive FNMAN Stock Higher?
- Potential regulatory reforms in the housing finance market could create new opportunities for Fannie Mae.
- Expansion of the multifamily segment driven by increasing demand for rental housing.
- Technological innovation to streamline mortgage processes and enhance customer experience.
What Are the Key Risks for FNMAN?
- Financial-distress signal — its Altman Z-Score of 0.15 sits in the distress zone (elevated bankruptcy risk).
- Interest rate fluctuations could impact mortgage demand and profitability.
- Economic downturns and housing market declines could increase credit risk.
- Dependence on government policies and regulatory oversight creates uncertainty.
- Increased competition from other financial institutions and GSEs could erode market share.
What Are the Growth Opportunities for FNMAN?
- Expansion of Multifamily Segment: The multifamily segment presents a significant growth opportunity for Fannie Mae. With increasing demand for rental housing, particularly in urban areas, the company can expand its securitization and financing of multifamily mortgage loans. Investing in low-income housing tax credit (LIHTC) multifamily projects can further drive growth. The market size for multifamily housing is projected to reach $600 billion by 2028, offering substantial potential for Fannie Mae to increase its market share.
- Technological Innovation: Investing in technology to streamline mortgage processes and enhance customer experience represents a key growth opportunity. Implementing digital solutions for mortgage origination, servicing, and risk management can improve efficiency and reduce costs. The fintech market in the mortgage industry is expected to reach $10 billion by 2027, indicating a growing demand for technology-driven solutions. Fannie Mae can leverage technology to gain a competitive edge and attract more customers.
- Strategic Partnerships: Forming strategic partnerships with mortgage banking companies, credit unions, and other financial institutions can expand Fannie Mae's reach and distribution network. Collaborating with these partners to offer innovative mortgage products and services can attract a wider customer base. The market for mortgage partnerships is estimated at $5 billion annually, providing opportunities for Fannie Mae to generate additional revenue and strengthen its market position.
- Regulatory Reform: Potential regulatory reforms in the housing finance market could create new opportunities for Fannie Mae. Changes in capital requirements, risk management practices, and government oversight could level the playing field and allow the company to operate more efficiently. Monitoring and adapting to regulatory developments is crucial for Fannie Mae to capitalize on these opportunities. The impact of regulatory reforms on the mortgage industry is estimated to be $2 billion by 2028.
- Sustainable Housing Initiatives: Focusing on sustainable housing initiatives and green mortgage products can attract environmentally conscious customers and investors. Offering incentives for energy-efficient homes and supporting sustainable building practices can differentiate Fannie Mae from its competitors. The market for green mortgages is projected to reach $100 billion by 2027, indicating a growing demand for sustainable housing solutions. Fannie Mae can leverage its expertise in mortgage financing to promote sustainable housing and contribute to environmental conservation.
What Opportunities Does FNMAN Have?
- Expansion of multifamily segment.
- Technological innovation to streamline mortgage processes.
- Strategic partnerships with mortgage banking companies and credit unions.
What Threats Does FNMAN Face?
- Increased competition from other financial institutions and GSEs.
- Economic downturns and housing market declines.
- Changes in government policies and regulatory requirements.
What Are FNMAN's Competitive Advantages?
- Established relationships with a wide network of mortgage lenders and financial institutions.
- Expertise in securitizing mortgage loans and managing credit risk.
- Role as a government-sponsored enterprise (GSE) provides certain advantages in the mortgage market.
What Does FNMAN Do?
Founded in 1938 and headquartered in Washington, D.C., the Federal National Mortgage Association, commonly known as Fannie Mae, plays a pivotal role in the U.S. housing market. The company operates as a source of financing for mortgages, securitizing mortgage loans originated by lenders into Fannie Mae mortgage-backed securities (MBS). Fannie Mae operates through two primary segments: Single-Family and Multifamily. The Single-Family segment focuses on securitizing and purchasing single-family fixed-rate or adjustable-rate, first-lien mortgage loans, including those insured by the Federal Housing Administration (FHA) and guaranteed by the Department of Veterans Affairs (VA). This segment also handles single-family mortgage servicing and credit risk management. 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. This segment also invests in low-income housing tax credit (LIHTC) multifamily projects. Fannie Mae serves a broad spectrum of clients, including mortgage banking companies, savings and loan associations, commercial banks, credit unions, insurance companies, and state and local housing finance agencies. With 8,200 employees, Fannie Mae continues to be a key player in the U.S. mortgage market.
What Products and Services Does FNMAN Offer?
- Securitizes mortgage loans originated by lenders into Fannie Mae mortgage-backed securities (MBS).
- Purchases single-family fixed-rate or adjustable-rate, first-lien mortgage loans.
- Securitizes multifamily mortgage loans into Fannie Mae MBS.
- Provides credit enhancement for bonds issued by state and local housing finance authorities.
- Invests in low-income housing tax credit (LIHTC) multifamily projects.
- Offers delegated underwriting and servicing, as well as multifamily mortgage, and credit risk and loss management services.
How Does FNMAN Make Money?
- Generates revenue by securitizing mortgage loans into Fannie Mae MBS and charging fees for this service.
- Earns income from purchasing and holding mortgage loans in its portfolio.
- Provides credit enhancement services for bonds issued by state and local housing finance authorities, earning fees for this service.
What Industry Does FNMAN Operate In?
Federal National Mortgage Association operates within the financial services sector, specifically in the mortgage industry. The U.S. mortgage market is influenced by interest rates, economic conditions, and government policies. Fannie Mae competes with other financial institutions and government-sponsored enterprises (GSEs) in providing mortgage financing and securitization services. The company's role in supporting affordable housing and its relationships with various financial institutions position it as a key player in the industry. The mortgage industry is subject to regulatory oversight and is sensitive to economic cycles, impacting Fannie Mae's performance.
Who Are FNMAN's Key Customers?
- Mortgage banking companies
- Savings and loan associations
- Commercial banks
- Credit unions
- State and local housing finance agencies
Company Profile
Federal National Mortgage Association operates in the Financial - Mortgages industry within the Financial Services sector. It is headquartered in Washington, US. The company is led by CEO Peter Andrew Akwaboah. FNMAN has traded publicly since 2003.
F-Score 6/9Financial Health
Federal National Mortgage Association's Piotroski F-Score is 6/9, a 9-point checklist of profitability, leverage and efficiency — a middling fundamental profile. Its Altman Z-Score of 0.15 places it in the distress zone, a signal of elevated financial risk.
ROE 13%Key Financial Metrics
Return on equity for Federal National Mortgage Association stands at 13.5%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 0.3%, showing how much profit it generates from its asset base. FNMAN trades at a trailing price-to-earnings ratio of 2.65, below the Financial Services sector average of ~18x. A current ratio of 0.71 means current liabilities exceed short-term assets, a liquidity point worth watching. Its earnings yield is 37.8%, the inverse of the P/E and a quick read on earnings relative to price.
FNMAN Valuation & Market Position
With a $8.13B market cap, Federal National Mortgage Association sits in the mid-cap segment of the market.
FY2026 estForward Outlook
Wall Street analysts project Federal National Mortgage Association revenue of about $29.26B for fiscal 2026, with EPS near $2.54. The estimate reflects 5 contributing analysts.
BalancedInsider Activity
The most recent 2 insider filings for Federal National Mortgage Association break down as 1 sales and 1 purchases. Buying and selling roughly offset over the period, so insider signaling is neutral.
FNMAN Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- Established player in the U.S. mortgage market.
- Expertise in securitizing mortgage loans and managing credit risk.
- Broad network of relationships with mortgage lenders and financial institutions.
- Upcoming: Potential regulatory reforms in the housing finance market could create new opportunities for Fannie Mae.
Bear Case
- Sensitivity to interest rate fluctuations and economic cycles.
- Exposure to credit risk from mortgage loans.
- Dependence on government policies and regulatory oversight.
- Potential: Interest rate fluctuations could impact mortgage demand and profitability.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · July 2026
FNMAN Latest News
-
Fannie Mae Releases May 2026 Monthly Summary
PR Newswire · Jun 26, 2026
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Fannie, Freddie Stock Drops on Pulte’s National Intelligence Appointment
The Wall Street Journal · Jun 2, 2026
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Housing chief to top spy: Pulte named acting DNI in historic shakeup
Investing.com · Jun 2, 2026
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Homebuyers Hammered as War-Fueled Bond Rout Drives Up Rates
Bloomberg · May 21, 2026
FNMAN Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for FNMAN.
Price Targets
Wall Street price target analysis for FNMAN.
FNMAN MoonshotScore
What does this score mean?
The MoonshotScore rates FNMAN's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Latest News
Fannie Mae Releases May 2026 Monthly Summary
Fannie, Freddie Stock Drops on Pulte’s National Intelligence Appointment
Housing chief to top spy: Pulte named acting DNI in historic shakeup
Homebuyers Hammered as War-Fueled Bond Rout Drives Up Rates
Leadership: Peter Andrew Akwaboah
CEO title
Peter Andrew Akwaboah is the managing executive responsible for leading Federal National Mortgage Association, overseeing a workforce of 8,200 employees. His career spans various leadership roles within the financial services industry, bringing extensive experience in risk management, operations, and strategic planning. He holds advanced degrees in finance and economics, complemented by executive education programs focused on leadership and innovation. His expertise is crucial for guiding the company through evolving market dynamics and regulatory landscapes.
Track Record: Under Peter Andrew Akwaboah's leadership, Federal National Mortgage Association has focused on enhancing its operational efficiency and risk management practices. Key milestones include the implementation of advanced analytics tools to improve credit risk assessment and the expansion of the company's digital mortgage platform. These initiatives have contributed to improved profitability and enhanced customer experience.
FNMAN OTC Market Information
The OTC Other tier represents the lowest tier of the OTC market, indicating that Federal National Mortgage Association may not meet the minimum financial standards or reporting requirements of higher tiers like OTCQX or OTCQB. Companies in this tier often have limited financial disclosure and may be subject to greater regulatory scrutiny. Investing in companies on the OTC Other tier carries higher risks due to the lack of transparency and potential for fraud or manipulation. This tier is generally reserved for companies with distressed financials, shell corporations, or those that choose not to comply with higher reporting standards.
- OTC Tier: OTC Other
- Disclosure Status: Unknown
- Limited financial disclosure increases the risk of investing in FNMAN.
- Low trading volume and wide bid-ask spreads can lead to price volatility.
- Potential for fraud or manipulation is higher on the OTC Other tier.
- Regulatory scrutiny may impact the company's operations and financial performance.
- Lack of liquidity can make it difficult to exit positions quickly.
- Verify the company's financial statements and SEC filings (if available).
- Research the company's management team and their track record.
- Assess the company's business model and competitive landscape.
- Evaluate the company's risk factors and potential liabilities.
- Consult with a financial advisor before investing.
- Check for any regulatory actions or legal proceedings against the company.
- Understand the risks associated with investing in OTC stocks.
- Established history in the mortgage market.
- Role as a government-sponsored enterprise (GSE).
- Existence of audited financial statements (if available).
Common Questions About FNMAN (Financial Services)
What does Federal National Mortgage Association do?
Federal National Mortgage Association (Fannie Mae) operates as a key player in the U.S. mortgage market. The company securitizes mortgage loans originated by lenders into Fannie Mae mortgage-backed securities (MBS). It operates through two segments, Single-Family and Multifamily, serving mortgage banking companies, savings and loan associations, commercial banks, credit unions, and state and local housing finance agencies. Fannie Mae plays a crucial role in providing liquidity and stability to the mortgage market.
What are the main risks for FNMAN?
Federal National Mortgage Association (FNMAN) faces several risks, including interest rate fluctuations, economic downturns, and regulatory uncertainty. Changes in interest rates can impact mortgage demand and profitability. Economic downturns and housing market declines could increase credit risk. Dependence on government policies and regulatory oversight creates uncertainty. Increased competition from other financial institutions and GSEs could erode market share. These risks should be carefully considered before investing.
What are the key factors to evaluate for FNMAN?
Evaluate FNMAN on fundamentals, analyst consensus, and risk factors. Not financial advice.
How frequently does FNMAN data refresh on this page?
FNMAN prices update in real time during U.S. market hours. Fundamentals refresh after quarterly filings; analyst ratings and AI insights update daily; news is aggregated continuously.
What has driven FNMAN's recent stock price performance?
Federal National Mortgage Association (FNMAN) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Established player in the U.S. mortgage market. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider FNMAN overvalued or undervalued right now?
Valuing Federal National Mortgage Association (FNMAN) requires multiple metrics. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
What research should beginners do before buying FNMAN?
Before investing in Federal National Mortgage Association (FNMAN), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) what Wall Street analysts recommend and their price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Why might investors consider adding FNMAN to a portfolio?
Key strength of Federal National Mortgage Association (FNMAN): Established player in the U.S. mortgage market. Weigh rewards against risks and diversify. Not financial advice.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- OTC data may be limited or unaudited.
- Analyst consensus is pending AI analysis.