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Federal National Mortgage Association

$5.55 -$5.45 (-49.55%)
OTC · 14 Sep 2026 20:00 UTC
Previous Close
$5.75
Day Range
$5.49$5.7
Year Range
$3.6$14.61
Market Cap
6.43B
AVG Volume
3.52M
Trailing/Forward PE
3.41/2.06
PEG ratio
1.6
Dividend Yield
-
Next Earnings Date
2026-11-04
Primary Exchange
Other OTCUS
Revenue (USD)
050B100B150B200B2016201720182019202020212022202320242025
FNMA Revenue (USD) by year
PeriodRevenue (USD)
2025160.56B
2024151.36B
2023140.94B
2022116.81B
2021100.33B
2020109.45B
2019122.84B
2018119.11B
2017112.6B
201662.68B
Net Income (USD)
010B20B30B2016201720182019202020212022202320242025
FNMA Net Income (USD) by year
PeriodNet Income (USD)
202514.36B
202416.98B
202317.41B
202212.92B
202122.18B
202011.8B
201914.16B
201815.96B
20172.46B
201612.31B
Operating Income (USD)
050B100B150B2016201720182019202020212022202320242025
FNMA Operating Income (USD) by year
PeriodOperating Income (USD)
2025147.99B
2024143.09B
2023132.9B
2022107.11B
202198.04B
202056.67B
201917.58B
201820.1B
201717.25B
201618.34B
EBITDA (USD)
050B100B150B2016201720182019202020212022202320242025
FNMA EBITDA (USD) by year
PeriodEBITDA (USD)
2025147.99B
2024143.09B
2023132.9B
2022107.11B
202198.04B
202097.58B
2019116.22B
2018116.2B
201717.25B
201618.34B
Cash Flows (USD)
-100B-50B050B2016201720182019202020212022202320242025
FNMA Cash Flows (USD) by year
PeriodCash Flows (USD)
202513.33B
2024-10.52B
20238.12B
202242.43B
202147.21B
2020-72.93B
2019-4.75B
20182.25B
20178.26B
2016-733M
EPS (USD)
-101232016201720182019202020212022202320242025
FNMA EPS (USD) by year
PeriodEPS (USD)
20252.16
20241.03
20231.31
20221.94
20211.71
20200.78
20192.02
20181.13
2017-0.12
20160.96
Expenses (USD)
01B2B3B4BSG&ACapex2016201720182019202020212022202320242025
FNMA Expenses (USD) by year
PeriodExpenses (USD)
20250
20240
20233.77B
20221.4B
20210
20200
20190
20180
20170
2016828M
Cash & Debt (USD)
02T4T6TCashLong Term DebtShort Term Debt2016201720182019202020212022202320242025
FNMA Cash & Debt (USD) by year
PeriodCash & Debt (USD)
202581.34B
202439.32B
202336.38B
202257.99B
202143.28B
202040.03B
201923.59B
201828.99B
201736.95B
201633.59B
Debt ratios
010203020182019202020212022202320242025
FNMA Debt ratios by year
PeriodDebt ratios
20257.72
20248.71
20239.61
20229.94
20219.61
202011.22
201912.85
201820.02
Margins
0%25%50%75%100%2016201720182019202020212022202320242025
FNMA Margins by year
PeriodMargins
202597.67%
202497.67%
202397.57%
202297.12%
202196.94%
202097.56%
201998.02%
201898.08%
201798.14%
201698.48%
Return on Capital
-100%0%100%200%300%2016201720182019202020212022202320242025
FNMA Return on Capital by year
PeriodReturn on Capital
202513.18%
202417.94%
202322.41%
202221.44%
202146.83%
202046.74%
201996.93%
2018255.75%
2017-66.82%
2016202.82%
Shares Outstanding
02B4B6B2016201720182019202020212022202320242025
FNMA Shares Outstanding by year
PeriodShares Outstanding
20255.87B
20245.87B
20235.87B
20225.87B
20215.87B
20205.87B
20195.76B
20185.76B
20175.76B
20165.76B
Dividends (USD)
01231999200020012002200320042005200620072008
FNMA Dividends (USD) by year
PeriodDividends (USD)
20080.75
20071.9
20061.18
20051.04
20042.08
20031.68
20021.32
20011.2
20001.12
19991.08
Employee Count
02.5K5K7.5K10K20182019202020212022202320242025
FNMA Employee Count by year
PeriodEmployee Count
20257K
20248.2K
20238.1K
20228K
20217.4K
20207.7K
20197.5K
20187.1K
Book Value Per Share (USD)
-5051015202016201720182019202020212022202320242025
FNMA Book Value Per Share (USD) by year
PeriodBook Value Per Share (USD)
202518.58
202416.13
202313.24
202210.27
20218.07
20204.31
20192.54
20181.08
2017-0.64
20161.05
Total Assets (USD)
02T4T6T2016201720182019202020212022202320242025
FNMA Total Assets (USD) by year
PeriodTotal Assets (USD)
20254.32T
20244.35T
20234.33T
20224.31T
20214.23T
20203.99T
20193.5T
20183.42T
20173.35T
20163.29T
PE Ratio
0246med 2.8Dec 24Apr 25Jul 25Nov 25Feb 26Jun 26Sep 26
FNMA PE Ratio by year
PeriodPE Ratio
Sep 262.16
Sep 262.23
Sep 262.33
Aug 262.41
Aug 262.44
Aug 262.42
Aug 262.35
Jul 262.26
Jul 262.53
Jul 262.45
Jul 262.57
Jul 262.5
Jun 262.8
Jun 262.59
Jun 262.64
Jun 262.73
May 262.88
May 262.92
May 263.18
May 263.2
May 263.32
Apr 262.86
Apr 263.37
Apr 263.37
Apr 262.81
Mar 261.99
Mar 262.16
Mar 262.49
Mar 262.61
Feb 262.94
Feb 263.31
Feb 263.14
Feb 263.25
Jan 263.21
Jan 263.48
Jan 263.34
Jan 264.32
Jan 264.31
Dec 254.22
Dec 254.21
Dec 254.19
Dec 254.4
Nov 254.01
Nov 253.61
Nov 253.58
Nov 254.24
Oct 254
Oct 254.41
Oct 254.12
Oct 254.58
Oct 254.78
Sep 254.94
Sep 255.03
Sep 255.67
Sep 254.88
Aug 254.37
Aug 254.28
Aug 254.34
Aug 253.87
Aug 253.42
Jul 252.84
Jul 253.06
Jul 253.17
Jul 253.41
Jun 253.5
Jun 253.59
Jun 253.46
Jun 253.26
May 253.79
May 253.95
May 252.44
May 252.37
May 252.28
Apr 252.18
Apr 252.16
Apr 252.01
Apr 251.95
Mar 252.32
Mar 252.21
Mar 252.11
Mar 252.02
Feb 252.21
Feb 252.52
Feb 252.45
Feb 252.31
Jan 251.92
Jan 252.01
Jan 252.41
Jan 251.84
Jan 251.56
Dec 240.87
Dec 240.94
Dec 240.89
Dec 240.95
Nov 241.09
Nov 241.12
Nov 241.11
Nov 240.75
Nov 240.45
Oct 240.52
Free Cash Flow Yield
-50%0%50%100%150%med 10.63%Dec 24Apr 25Jul 25Nov 25Feb 26Jun 26Sep 26
FNMA Free Cash Flow Yield by year
PeriodFree Cash Flow Yield
Sep 2694.13%
Sep 2691.01%
Sep 2687.36%
Aug 2684.12%
Aug 2683.19%
Aug 2683.99%
Aug 2686.35%
Jul 2689.76%
Jul 2672.2%
Jul 2674.48%
Jul 2670.83%
Jul 2673.02%
Jun 2665.17%
Jun 2670.5%
Jun 2669.08%
Jun 2666.92%
May 2663.33%
May 2662.36%
May 2657.41%
May 2657.04%
May 2655.01%
Apr 2632.49%
Apr 2627.5%
Apr 2627.56%
Apr 2633.01%
Mar 2646.74%
Mar 2642.86%
Mar 2637.24%
Mar 2635.49%
Feb 2631.55%
Feb 2628.04%
Feb 2629.54%
Feb 2611.56%
Jan 2611.7%
Jan 2610.79%
Jan 2611.24%
Jan 268.69%
Jan 268.7%
Dec 258.88%
Dec 258.91%
Dec 258.94%
Dec 258.53%
Nov 259.36%
Nov 2510.4%
Nov 2510.48%
Nov 258.85%
Oct 259.37%
Oct 25-16.07%
Oct 25-17.19%
Oct 25-15.46%
Oct 25-14.81%
Sep 25-14.34%
Sep 25-14.07%
Sep 25-12.49%
Sep 25-14.51%
Aug 25-16.2%
Aug 25-16.53%
Aug 25-16.33%
Aug 25-18.31%
Aug 25-20.69%
Jul 25-30.57%
Jul 25-28.31%
Jul 25-27.31%
Jul 25-25.44%
Jun 25-24.79%
Jun 25-24.14%
Jun 25-25.07%
Jun 25-26.56%
May 25-22.9%
May 25-21.95%
May 25-35.57%
May 25-36.6%
May 25-38.1%
Apr 25-28.46%
Apr 25-28.64%
Apr 25-30.76%
Apr 25-31.74%
Mar 25-26.76%
Mar 25-28.06%
Mar 25-29.35%
Mar 25-30.7%
Feb 25-28.02%
Feb 25-24.56%
Feb 25-25.29%
Feb 2510.07%
Jan 2512.11%
Jan 2511.58%
Jan 259.62%
Jan 2512.63%
Jan 2514.87%
Dec 2426.69%
Dec 2424.71%
Dec 2425.96%
Dec 2424.34%
Nov 2421.23%
Nov 2420.7%
Nov 2420.83%
Nov 2430.77%
Nov 2451.12%
Oct 24144.66%
Price to Sales
00.20.40.6med 0.26Dec 24Apr 25Jul 25Nov 25Feb 26Jun 26Sep 26
FNMA Price to Sales by year
PeriodPrice to Sales
Sep 260.2
Sep 260.21
Sep 260.22
Aug 260.23
Aug 260.23
Aug 260.23
Aug 260.22
Jul 260.21
Jul 260.23
Jul 260.22
Jul 260.23
Jul 260.22
Jun 260.25
Jun 260.23
Jun 260.24
Jun 260.24
May 260.26
May 260.26
May 260.29
May 260.29
May 260.3
Apr 260.26
Apr 260.3
Apr 260.3
Apr 260.25
Mar 260.18
Mar 260.19
Mar 260.22
Mar 260.23
Feb 260.26
Feb 260.3
Feb 260.28
Feb 260.31
Jan 260.3
Jan 260.33
Jan 260.32
Jan 260.41
Jan 260.41
Dec 250.4
Dec 250.4
Dec 250.4
Dec 250.42
Nov 250.38
Nov 250.34
Nov 250.34
Nov 250.4
Oct 250.38
Oct 250.43
Oct 250.4
Oct 250.44
Oct 250.46
Sep 250.48
Sep 250.49
Sep 250.55
Sep 250.47
Aug 250.42
Aug 250.41
Aug 250.42
Aug 250.37
Aug 250.33
Jul 250.3
Jul 250.32
Jul 250.34
Jul 250.36
Jun 250.37
Jun 250.38
Jun 250.37
Jun 250.34
May 250.4
May 250.42
May 250.26
May 250.25
May 250.24
Apr 250.24
Apr 250.24
Apr 250.23
Apr 250.22
Mar 250.26
Mar 250.25
Mar 250.24
Mar 250.23
Feb 250.25
Feb 250.28
Feb 250.27
Feb 250.26
Jan 250.21
Jan 250.22
Jan 250.27
Jan 250.2
Jan 250.17
Dec 240.1
Dec 240.1
Dec 240.1
Dec 240.11
Nov 240.12
Nov 240.12
Nov 240.12
Nov 240.08
Nov 240.05
Oct 240.06
EV/EBITDA
262830323436med 29.2Dec 24Apr 25Jul 25Nov 25Feb 26Jun 26Sep 26
FNMA EV/EBITDA by year
PeriodEV/EBITDA
Sep 2635.78
Sep 2635.79
Sep 2635.8
Aug 2635.81
Aug 2635.81
Aug 2635.81
Aug 2635.8
Jul 2635.79
Jul 2628.16
Jul 2628.15
Jul 2628.16
Jul 2628.15
Jun 2628.18
Jun 2628.16
Jun 2628.17
Jun 2628.18
May 2628.19
May 2628.2
May 2628.22
May 2628.22
May 2628.23
Apr 2627.97
Apr 2628.03
Apr 2628.02
Apr 2627.97
Mar 2627.89
Mar 2627.91
Mar 2627.94
Mar 2627.95
Feb 2627.98
Feb 2628.02
Feb 2628
Feb 2628.82
Jan 2628.82
Jan 2628.84
Jan 2628.83
Jan 2628.93
Jan 2628.93
Dec 2528.92
Dec 2528.92
Dec 2528.92
Dec 2528.94
Nov 2528.9
Nov 2528.86
Nov 2528.85
Nov 2528.92
Oct 2528.9
Oct 2529.18
Oct 2529.15
Oct 2529.19
Oct 2529.22
Sep 2529.23
Sep 2529.24
Sep 2529.31
Sep 2529.23
Aug 2529.17
Aug 2529.16
Aug 2529.17
Aug 2529.12
Aug 2529.07
Jul 2529.31
Jul 2529.34
Jul 2529.35
Jul 2529.38
Jun 2529.39
Jun 2529.4
Jun 2529.38
Jun 2529.36
May 2529.42
May 2529.44
May 2529.27
May 2529.26
May 2529.25
Apr 2529.53
Apr 2529.53
Apr 2529.51
Apr 2529.51
Mar 2529.55
Mar 2529.54
Mar 2529.52
Mar 2529.51
Feb 2529.54
Feb 2529.57
Feb 2529.57
Feb 2529.37
Jan 2529.32
Jan 2529.33
Jan 2529.38
Jan 2529.31
Jan 2529.28
Dec 2429.2
Dec 2429.2
Dec 2429.2
Dec 2429.21
Nov 2429.22
Nov 2429.23
Nov 2429.22
Nov 2429.18
Nov 2429.15
Oct 2429.54
Price/Operating Cashflow
051015med 1.42Apr 24Jul 24Nov 24Nov 25Feb 26Jun 26Sep 26
FNMA Price/Operating Cashflow by year
PeriodPrice/Operating Cashflow
Sep 261.06
Sep 261.1
Sep 261.14
Aug 261.19
Aug 261.2
Aug 261.19
Aug 261.16
Jul 261.11
Jul 261.39
Jul 261.34
Jul 261.41
Jul 261.37
Jun 261.53
Jun 261.42
Jun 261.45
Jun 261.49
May 261.58
May 261.6
May 261.74
May 261.75
May 261.82
Apr 263.08
Apr 263.64
Apr 263.63
Apr 263.03
Mar 262.14
Mar 262.33
Mar 262.69
Mar 262.82
Feb 263.17
Feb 263.57
Feb 263.39
Feb 268.65
Jan 268.55
Jan 269.27
Jan 268.89
Jan 2611.51
Jan 2611.5
Dec 2511.26
Dec 2511.22
Dec 2511.18
Dec 2511.73
Nov 2510.68
Nov 259.61
Nov 259.54
Nov 2511.3
Oct 2510.67
Feb 259.93
Jan 258.26
Jan 258.64
Jan 2510.4
Jan 257.91
Jan 256.73
Dec 243.75
Dec 244.05
Dec 243.85
Dec 244.11
Nov 244.71
Nov 244.83
Nov 244.8
Nov 243.25
Nov 241.96
Oct 240.64
Oct 240.57
Oct 240.49
Oct 240.48
Sep 240.5
Sep 240.51
Sep 240.48
Sep 240.49
Aug 240.49
Aug 240.53
Aug 240.51
Aug 240.47
Aug 240.46
Jul 240.54
Jul 240.55
Jul 240.53
Jul 240.57
Jun 240.56
Jun 240.44
Jun 240.56
Jun 240.63
May 240.6
May 240.59
May 240.63
May 240.58
May 240.58
Apr 240.72
Apr 240.66
Apr 240.78
Apr 240.64
Mar 240.78
Mar 240.93
Mar 240.75
Mar 240.72
Mar 240.63
Feb 240.62
Feb 240.63
Feb 240.38
Price to Book
00.20.40.60.81med 0.41Dec 24Apr 25Jul 25Nov 25Feb 26Jun 26Sep 26
FNMA Price to Book by year
PeriodPrice to Book
Sep 260.28
Sep 260.29
Sep 260.3
Aug 260.31
Aug 260.32
Aug 260.31
Aug 260.3
Jul 260.29
Jul 260.32
Jul 260.31
Jul 260.33
Jul 260.32
Jun 260.36
Jun 260.33
Jun 260.34
Jun 260.35
May 260.37
May 260.37
May 260.41
May 260.41
May 260.42
Apr 260.38
Apr 260.44
Apr 260.44
Apr 260.37
Mar 260.26
Mar 260.29
Mar 260.33
Mar 260.34
Feb 260.39
Feb 260.44
Feb 260.41
Feb 260.46
Jan 260.45
Jan 260.49
Jan 260.47
Jan 260.61
Jan 260.61
Dec 250.6
Dec 250.6
Dec 250.6
Dec 250.62
Nov 250.57
Nov 250.51
Nov 250.51
Nov 250.6
Oct 250.57
Oct 250.66
Oct 250.61
Oct 250.68
Oct 250.71
Sep 250.74
Sep 250.75
Sep 250.85
Sep 250.73
Aug 250.65
Aug 250.64
Aug 250.65
Aug 250.58
Aug 250.51
Jul 250.47
Jul 250.51
Jul 250.53
Jul 250.57
Jun 250.58
Jun 250.6
Jun 250.57
Jun 250.54
May 250.63
May 250.66
May 250.4
May 250.39
May 250.38
Apr 250.39
Apr 250.39
Apr 250.36
Apr 250.35
Mar 250.42
Mar 250.4
Mar 250.38
Mar 250.36
Feb 250.4
Feb 250.45
Feb 250.44
Feb 250.43
Jan 250.36
Jan 250.37
Jan 250.45
Jan 250.34
Jan 250.29
Dec 240.16
Dec 240.17
Dec 240.17
Dec 240.18
Nov 240.2
Nov 240.21
Nov 240.21
Nov 240.14
Nov 240.08
Oct 240.11
Federal National Mortgage Association
FNMA
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News: FNMA

VantageScore 4.0, the Mortgage Credit Score, Now FHFA Approved for All Lenders Originating Fannie Mae and Freddie Mac Mortgage Loans

businesswire.com · 4 Sep 2026

VantageScore 4.0, the Mortgage Credit Score, Now FHFA Approved for All Lenders Originating Fannie Mae and Freddie Mac Mortgage Loans

SAN FRANCISCO--(BUSINESS WIRE)--Federal Housing Finance Agency (FHFA) Director Bill Pulte has directed Government Sponsored Enterprises (GSEs), Fannie Mae and Freddie Mac, to accept VantageScore 4.0 credit scores from all mortgage origination lenders, effective immediately. The most advanced credit score available for mortgage origination today, VantageScore 4.0, uses 400% more data to generate a credit score than legacy credit scores, providing a more predictive view of borrower creditworthine.

Oksenholt Capital Publishes USFTMC Transaction Blueprint for Fannie Mae, Freddie Mac & U.S. Financial Technology

businesswire.com · 2 Sep 2026

Oksenholt Capital Publishes USFTMC Transaction Blueprint for Fannie Mae, Freddie Mac & U.S. Financial Technology

SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Oksenholt Capital Management LLC today published USFTMC: One Parent, Two Charters - A Transaction Blueprint & Call to Action for Fannie Mae, Freddie Mac & U.S. Financial Technology, a follow-up to its August 25 white paper proposing a publicly traded parent over Fannie Mae and Freddie Mac. The follow-up gets into the legal & transaction mechanics, mortgage rates, UMBS liquidity, Treasury's capital structure and the biggest question raised by a com.

Fannie Mae Releases July 2026 Monthly Summary

prnewswire.com · 26 Aug 2026

Fannie Mae Releases July 2026 Monthly Summary

WASHINGTON, Aug. 26, 2026 /PRNewswire/ -- Fannie Mae's (OTCQB: FNMA) July 2026 Monthly Summary is now available. The monthly summary report contains information about Fannie Mae's monthly and year-to-date activities for our gross mortgage portfolio, mortgage-backed securities and other guarantees, interest rate risk measures, and serious delinquency rates.

Oksenholt Capital Management LLC Releases White Paper; One Company, Two Charters: A Path to a $1 Trillion Fannie-Freddie Platform

businesswire.com · 25 Aug 2026

Oksenholt Capital Management LLC Releases White Paper; One Company, Two Charters: A Path to a $1 Trillion Fannie-Freddie Platform

SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Oksenholt Capital Management LLC today released a white paper outlining a proposed structure for U.S. Financial Technology and Mortgage Corporation, a Texas-based public holding company that would sit above Fannie Mae and Freddie Mac. Their jointly owned U.S. Financial Technology platform would remain inside the consolidated group. The proposal is designed to capture value that is difficult to surface under the current structure: operating and technology syne.

Following Up On Fannie Mae IPO Roadmap

seekingalpha.com · 24 Aug 2026

Following Up On Fannie Mae IPO Roadmap

Fannie Mae and Freddie Mac face renewed investor interest following recent legal and policy developments. Three key events - management exodus, stress test results, and a court ruling against the Net Worth Sweep - have stabilized FNMAs shares near $10. The DC District Court affirmed that the government violated shareholder rights in the 2012 Net Worth Sweep, potentially shaping future restructuring.

Fannie Mae Stock Dips on Report of High-Ranking Departures at Mortgage Giant

barrons.com · 21 Aug 2026

Fannie Mae Stock Dips on Report of High-Ranking Departures at Mortgage Giant

At least 10 senior Fannie Mae employees are leaving the secondary mortgage giant, with a senior administration official saying they were terminated.

Fannie Mae Hit by Turmoil in Senior Ranks as at Least 10 Executives Depart

wsj.com · 21 Aug 2026

Fannie Mae Hit by Turmoil in Senior Ranks as at Least 10 Executives Depart

The departures are raising concern in the industry about stability inside the government mortgage giant.

Fannie Mae Announces Sale of Non-Performing Loans

gurufocus.com · 19 Aug 2026

Fannie Mae Announces Sale of Non-Performing Loans

Fannie Mae Announces Sale of Non-Performing Loans PR Newswire WASHINGTON, Aug. 19, 2026

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