Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

Plus Fannie Mae has another $8.4B in Credit Loss Reserves.

https://www.fanniemae.com/about-us/investor-relations/quarterly-and-annual-results

Seems like a strong book of business:

Borrowers who refinanced in 2020 were more well off financially than those who refinanced in 2019:
? A higher share reported their household income was $175,000 or higher in 2020 (29 percent) than in 2019 (20 percent).
Similarly, a higher share indicated that they owned stocks, bonds, or mutual funds in 2020 (53 percent) than in 2019 (43 percent).
? Relatedly, 76 percent of borrowers who refinanced were not at all concerned about qualifying for a mortgage in 2020, up from 66 percent in 2019.

https://www.fhfa.gov/mobile/Pages/public-affairs-detail.aspx?PageName=FHFA-and-CFPB-Release-Updated-Data-from-the-National-Survey-of-Mortgage-Originations-for-Public-Use-121322.aspx