More than a third of Gen Z, Millennials seek help from their parents to afford a house down payment [FOX Business Network]
Federal National Mortgage Association (FNMA)
NASDAQ:AMEX Investor Relations:
fanniemae.com/portal/about-fm/investor-relations/index.html
Company Research
Source: FOX Business Network
About 36% of younger buyers plan to receive a cash gift from their family to help with the down payment on a home, a Redfin study found. The percentage of millennials getting help from their parents has gone up in the last few years. In 2019, 18% of millennials used a cash gift for their down payment and in 2023, that rose to 23%. It's not just cash gifts Gen Zers and millennials are using. Some plan to use their inheritance for a down payment and 13% plan to live with their parents or other family members in order to save money for a down payment. "Nepo-homebuyers have a growing advantage over first-generation homebuyers. Because housing costs have soared so much, many young adults with family money get help from Mom and Dad even when they have jobs and earn a perfectly respectable income," Daryl Fairweather, Redfin chief economist, said. For other younger buyers who don't have families that can afford to gift them down payment money, working and saving is the most common way
Show less
Read more
Impact Snapshot
Event Time:
FNMA
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
FNMA alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
FNMA alerts
High impacting Federal National Mortgage Association news events
Weekly update
A roundup of the hottest topics
FNMA
News
- Federal National Mortgage Association (PNK:FNMA) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- A mortgage advisor shares how to get the 3.5% down payment on an FHA loan fully covered — and the 3 best strategies real-estate investors can use to maximize leverage from government loans [Business Insider]Business Insider
- Michael Boyle Joins Greystone Real Estate Capital as Senior Vice President, Acquisitions & Institutional Investments [Yahoo! Finance]Yahoo! Finance
- Fannie Mae profits grow to $4.3B in Q1 2024 [Yahoo! Finance]Yahoo! Finance
- The State of Real Estate [Yahoo! Finance]Yahoo! Finance
FNMA
Analyst Actions
- 2/26/24 - Keefe, Bruyette & Woods
FNMA
Sec Filings
- 4/30/24 - Form 8-K
- 4/30/24 - Form 10-Q
- 4/26/24 - Form 8-K/A
- FNMA's page on the SEC website