Last update at 2025-03-31T20:00:00Z
Fannie Mae, Freddie Mac privatization could raise mortgage rates
Fri 28 Mar 25, 05:30 PMAverage US rate on a 30-year mortgage falls slightly to 6.65% after rising for 2 weeks
Thu 27 Mar 25, 04:05 PMThe 30-Year Fixed-Rate Mortgage Ticks Down
Thu 27 Mar 25, 04:00 PMFHFA Chief Ends Program Designed to Help First-Time Homebuyers
Tue 25 Mar 25, 10:01 PMFreddie Mac Issues Monthly Volume Summary for February 2025
Tue 25 Mar 25, 08:40 PMSigns are mounting that Trump could take Fannie Mae and Freddie Mac private
Mon 24 Mar 25, 05:01 PMFannie, Freddie Speculation Mounts on Bessent Remark On Sovereign Wealth Fund
Fri 21 Mar 25, 08:12 PMAverage US rate on a 30-year mortgage rises slightly for the second week in a row
Thu 20 Mar 25, 04:00 PMLittle Movement in Mortgage Rates
Thu 20 Mar 25, 04:00 PMA Secret Mortgage Blacklist Is Leaving Homeowners Stuck With Unsellable Condos
Mon 17 Mar 25, 09:30 AMBreakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
---|---|---|---|---|---|
Type | yearly | yearly | yearly | yearly | yearly |
Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
Income before tax | 11604.00M | 15199.00M | 9229.00M | 9049.00M | 11474.00M |
Minority interest | - | - | - | - | 0.00000M |
Net income | 9327.00M | 12109.00M | 7326.00M | 7214.00M | 9235.00M |
Selling general administrative | 7819.00M | 7793.00M | 5978.00M | 2119.00M | 1807.00M |
Selling and marketing expenses | - | - | - | - | - |
Gross profit | 3259.00M | 4371.00M | 3888.00M | 14798.00M | 15968.00M |
Reconciled depreciation | - | - | - | - | - |
Ebit | -6401.00000M | -2381.00000M | -3542.00000M | - | 0.00000M |
Ebitda | - | - | - | - | - |
Depreciation and amortization | - | - | - | - | - |
Non operating income net other | - | - | - | - | 0.00000M |
Operating income | -6401.00000M | -2381.00000M | -3542.00000M | 9023.00M | 11136.00M |
Other operating expenses | 1841.00M | 1041.00M | 1452.00M | 3211.00M | 2539.00M |
Interest expense | 18005.00M | 17580.00M | 49569.00M | 61047.00M | 58033.00M |
Tax provision | 2277.00M | 3090.00M | 1903.00M | 1835.00M | 2239.00M |
Interest income | 83458.00M | 61527.00M | 62340.00M | 72895.00M | 70054.00M |
Net interest income | 18005.00M | 17580.00M | 12771.00M | 11848.00M | 12021.00M |
Extraordinary items | - | - | - | - | 0.00000M |
Non recurring | - | - | - | - | 0.00000M |
Other items | - | - | - | - | 0.00000M |
Income tax expense | 2277.00M | 3090.00M | 1928.00M | 1835.00M | 2239.00M |
Total revenue | 3259.00M | 4371.00M | 3888.00M | 14078.00M | 15565.00M |
Total operating expenses | 9660.00M | 6752.00M | 7430.00M | 5775.00M | 4832.00M |
Cost of revenue | - | - | - | - | 0.00000M |
Total other income expense net | - | - | - | 26.00M | 338.00M |
Discontinued operations | - | - | - | - | 0.00000M |
Net income from continuing ops | 9327.00M | 12109.00M | 7301.00M | 7214.00M | 9235.00M |
Net income applicable to common shares | 342.00M | 489.00M | 35.00M | -573.00000M | 3612.00M |
Preferred stock and other adjustments | 8985.00M | 11620.00M | 7291.00M | - | 0.00000M |
Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
---|---|---|---|---|---|
Type | yearly | yearly | yearly | yearly | yearly |
Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
Total assets | 3208333.00M | 3025586.00M | 2627415.00M | 2203623.00M | 2063060.00M |
Intangible assets | - | - | - | - | 0.00000M |
Earning assets | - | - | - | - | - |
Other current assets | 18694.00M | 19778.00M | 58276.00M | 50441.00M | 47883.00M |
Total liab | 3171315.00M | 2997553.00M | 2611002.00M | 2194501.00M | 2058583.00M |
Total stockholder equity | 37018.00M | 28033.00M | 16413.00M | 9122.00M | 4477.00M |
Deferred long term liab | - | - | - | - | 0.00000M |
Other current liab | - | - | - | - | 0.00000M |
Common stock | - | - | - | - | 0.00000M |
Capital stock | 86757.00M | 86757.00M | 86757.00M | 86757.00M | 86757.00M |
Retained earnings | -45666.00000M | -54993.00000M | -67102.00000M | -74188.00000M | -78260.00000M |
Other liab | 17416.00M | 11100.00M | 11292.00M | 8042.00M | 6398.00M |
Good will | - | - | - | - | 0.00000M |
Other assets | 32213.00M | 35635.00M | 17673.00M | 13447.00M | 13613.00M |
Cash | 5653.00M | 8455.00M | 6510.00M | 5189.00M | 7273.00M |
Cash and equivalents | - | - | - | - | - |
Total current liabilities | 7309.00M | 6268.00M | 6210.00M | 107965.00M | 58315.00M |
Current deferred revenue | - | - | - | - | - |
Net debt | 3149563.00M | 2971730.00M | 2586036.00M | 2174339.00M | 2037677.00M |
Short term debt | - | - | - | 110877.00M | 0.00000M |
Short long term debt | 7712.00M | 0.00000M | 4955.00M | 110877.00M | 51080.00M |
Short long term debt total | - | - | - | - | - |
Other stockholder equity | 72460.00M | 72802.00M | 73291.00M | 438.00M | -135.00000M |
Property plant equipment | - | - | - | - | 959.00M |
Total current assets | 134525.00M | 131692.00M | 172582.00M | 2153187.00M | 2015885.00M |
Long term investments | 3034515.00M | 2848109.00M | 2385093.00M | 75711.00M | 69111.00M |
Net tangible assets | 37018.00M | 28033.00M | 16413.00M | -77635.00000M | -82280.00000M |
Short term investments | 125996.00M | 124218.00M | 164828.00M | 26174.00M | 33563.00M |
Net receivables | 8529.00M | 7474.00M | 7754.00M | 2004185.00M | 1896336.00M |
Long term debt | 3145832.00M | 2980185.00M | 2593500.00M | 2068651.00M | 1993870.00M |
Inventory | - | - | - | - | 0.00000M |
Accounts payable | 7309.00M | 6268.00M | 6210.00M | 6559.00M | 1014.00M |
Total permanent equity | - | - | - | - | 0.00000M |
Noncontrolling interest in consolidated entity | - | - | - | - | 0.00000M |
Temporary equity redeemable noncontrolling interests | - | - | - | - | 0.00000M |
Accumulated other comprehensive income | - | - | - | - | 0.00000M |
Additional paid in capital | - | - | - | - | 0.00000M |
Common stock total equity | - | - | - | - | 0.00000M |
Preferred stock total equity | - | - | - | - | 0.00000M |
Retained earnings total equity | -45666.00000M | -54993.00000M | -67102.00000M | - | 0.00000M |
Treasury stock | -3885.00000M | -3885.00000M | -3885.00000M | - | 0.00000M |
Accumulated amortization | - | - | - | - | 0.00000M |
Non currrent assets other | 33516.00M | 39571.00M | 147165.00M | - | 0.00000M |
Deferred long term asset charges | - | - | - | - | 0.00000M |
Non current assets total | 5777.00M | 6214.00M | 6557.00M | - | 0.00000M |
Capital lease obligations | - | - | - | - | 0.00000M |
Long term debt total | 3145832.00M | 2980185.00M | 2593500.00M | - | 0.00000M |
Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
---|---|---|---|---|---|
Type | yearly | yearly | yearly | yearly | yearly |
Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
Investments | 66614.00M | 100579.00M | 99122.00M | -26419.00000M | 34795.00M |
Change to liabilities | 290.00M | -529.00000M | 607.00M | 177.00M | 440.00M |
Total cashflows from investing activities | 11398.00M | 24250.00M | -83355.00000M | 48152.00M | 119648.00M |
Net borrowings | -31858.00000M | -61671.00000M | 1276967.00M | -59161.00000M | -119025.00000M |
Total cash from financing activities | -27113.00000M | -54342.00000M | 101148.00M | -62433.00000M | -122860.00000M |
Change to operating activities | - | - | - | - | 0.00000M |
Net income | 9327.00M | 12109.00M | 7326.00M | 7214.00M | 9235.00M |
Change in cash | -3790.00000M | -13739.00000M | 18700.00M | -2084.00000M | -2538.00000M |
Begin period cash flow | 10150.00M | 23889.00M | 5189.00M | 7273.00M | 9811.00M |
End period cash flow | 6360.00M | 10150.00M | 23889.00M | 5189.00M | 7273.00M |
Total cash from operating activities | 11925.00M | 16353.00M | 907.00M | 12197.00M | 674.00M |
Issuance of capital stock | - | - | 0.00000M | 0.00000M | 312.00M |
Depreciation | - | - | - | - | 0.00000M |
Other cashflows from investing activities | -55216.00000M | -76329.00000M | -182477.00000M | -8655.00000M | 2448.00M |
Dividends paid | - | 0.00000M | 0.00000M | -3142.00000M | 4145.00M |
Change to inventory | - | - | - | - | 0.00000M |
Change to account receivables | -1038.00000M | 396.00M | -1046.00000M | -120.00000M | -373.00000M |
Sale purchase of stock | - | - | - | - | 0.00000M |
Other cashflows from financing activities | 4745.00M | 7329.00M | -46.00000M | -130.00000M | -2.00000M |
Change to netincome | 52466.00M | 69127.00M | 67671.00M | 4214.00M | -7359.00000M |
Capital expenditures | 0.00000M | 0.00000M | 0.00000M | 0.00000M | 0.00000M |
Change receivables | -1038.00000M | 396.00M | -1046.00000M | - | 0.00000M |
Cash flows other operating | -49120.00000M | -64750.00000M | -73651.00000M | - | 0.00000M |
Exchange rate changes | - | - | - | - | 0.00000M |
Cash and cash equivalents changes | -3790.00000M | -13739.00000M | 18700.00M | - | 0.00000M |
Change in working capital | -748.00000M | -133.00000M | -439.00000M | 769.00M | -1202.00000M |
Stock based compensation | - | - | - | - | - |
Other non cash items | 5004.00M | 11032.00M | -3504.00000M | 5997.00M | -5076.00000M |
Free cash flow | 11925.00M | 16353.00M | 907.00M | 12197.00M | 674.00M |
Sector: Financial Services Industry: Mortgage Finance
Company | Change (USD) | Price (USD) | Trailing PE (x) | Forward PE (x) | Price Sales TTM (x) | Price to Book Value (x) | ||
---|---|---|---|---|---|---|---|---|
FMCCT Federal Home Loan Mortgage Corp Pref Perpetual |
- -% | 18.84 | 51.47 | - | 0.55 | - | ||
RKT Rocket Companies Inc |
0.60 5.01% | 12.68 | 8.17 | 62.50 | 7.58 | 3.14 | ||
UWMC UWM Holdings Corp |
-0.095 1.74% | 5.37 | 47.99 | 30.21 | 10.56 | 5.04 | 25.69 | 22.05 |
COOP Mr. Cooper Group Inc |
4.74 3.96% | 124.34 | 8.68 | 9.03 | 2.76 | 1.16 | 5.10 | 18.18 |
PFSI PennyMac Finl Svcs Inc |
-0.335 0.33% | 99.78 | 20.77 | 11.45 | 2.86 | 1.24 | 8.73 | 47.02 |
Federal Home Loan Mortgage Corporation operates in the secondary mortgage market in the United States. The company purchases single-family and multifamily residential mortgage loans originated by lenders, as well as invests in mortgage loans and mortgage-related securities. It operates through two segments, Single-Family and Multifamily. The Single-Family segment purchases, securitizes, and guarantees single-family loans; and manages single-family mortgage credit risk, as well as manages mortgage-related investments portfolio, single-family securitization activities, and treasury functions. This segment serves mortgage banking companies, commercial banks, regional banks, community banks, credit unions, housing finance agencies, savings institutions, and non-depository financial institutions. The Multifamily segment engages in the purchase, securitization, and guarantee of multifamily loans; issuance of multifamily K certificates; manages multifamily mortgage credit and market risk; and invests in multifamily loans and mortgage-related securities. It serves banks and other financial institutions, insurance companies, money managers, hedge funds, pension funds, state and local governments, and broker dealers. The company was incorporated in 1970 and is headquartered in McLean, Virginia.
8200 Jones Branch Drive, McLean, VA, United States, 22102-3110
Name | Title | Year Born |
---|---|---|
Mr. Michael J. DeVito | CEO & Director | 1966 |
Dr. Michael Thomas Hutchins | Pres | 1956 |
Mr. Christian M. Lown | Exec. VP & CFO | 1970 |
Mr. Jerry Weiss | Exec. VP & Chief Admin. Officer | 1958 |
Mr. Anil D. Hinduja MBA | Exec. VP & Chief Risk Officer | 1964 |
Mr. Frank Nazzaro | Exec. VP of Enterprise Operations & Technology | 1962 |
Mr. Jeffrey Markowitz | Sr. VP of External Relations & Corp. Communications | NA |
Ms. Heidi Mason | Exec. VP & Gen. Counsel | NA |
Mr. Dennis Hermonstyne | Sr. VP & Chief Compliance Officer | NA |
Ms. Dionne Wallace Oakley | Sr. VP & Chief HR Officer | 1969 |
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