Nearly half of all homeowners concerned weather-related events will raise their homeowners insurance rates [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
Nearly 50% of homeowners are concerned about extreme weather and the effect it has on their homes, a Fannie Mae study found. Heat and excessive wind are two of the factors homeowners are especially concerned about. Geographic location plays a major factor in the type of weather homeowners are most concerned about. Extreme heat is the biggest concern in the West, while strong winds are the most concerning in the Northeast, Midwest and South. Other natural disasters are still worrisome, but less so than heat and wind. About 15% of homeowners are concerned about drought, 13% are worried about wildfires and 12% are concerned about flooding. Homeowners fear damage to the construction of their homes due to the number of unprecedented weather catastrophes , but the hike in insurance premiums is also a major concern. Two-thirds of homeowners saw their rates go up in 2023 due to weather-related damage, Fannie Mae found. One in four respondents to Fannie Mae's study said these events had
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News
- Atlanta Housing President and Chief Executive Officer Terri M. Lee Announces First Major Leadership Change [Yahoo! Finance]Yahoo! Finance
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- Housing boom in most of the US could ease shortage, but cost is still a problem [Yahoo! Finance]Yahoo! Finance
- CrossCountry Mortgage Offers Exclusive and Complimentary Line of Duty Death Benefit to First Responders and Their Families [Yahoo! Finance]Yahoo! Finance
- Fannie Mae Announces the Results of its Thirty-first Reperforming Loan Sale TransactionPR Newswire
FNMA
Analyst Actions
- 2/26/24 - Keefe, Bruyette & Woods
FNMA
Sec Filings
- 5/14/24 - Form 3
- 5/14/24 - Form 8-K
- 5/13/24 - Form ABS-15G/A
- FNMA's page on the SEC website