Fannie Mae Announces Tender Offers for CAS Notes

The latest announcement is out from Federal National Mortgage Association ( (FNMA) ).

On May 22, 2025, Fannie Mae announced the commencement of fixed-price cash tender offers for the purchase of certain Connecticut Avenue Securities (CAS) Notes. These offers, managed by BofA Securities and Wells Fargo Securities, are set to expire on May 29, 2025, unless extended or terminated. The tender offers aim to purchase any and all of the specified CAS Notes, with settlement expected by June 2, 2025. This move could impact Fannie Mae’s financial operations and its positioning in the mortgage securities market.

The most recent analyst rating on (FNMA) stock is a Hold with a $3.00 price target. To see the full list of analyst forecasts on Federal National Mortgage Association stock, see the FNMA Stock Forecast page.

Spark’s Take on FNMA Stock

According to Spark, TipRanks’ AI Analyst, FNMA is a Neutral.

Federal National Mortgage Association’s strong financial performance is offset by liquidity concerns due to negative cash flows. Positive technical indicators suggest stable momentum, but the stock’s high P/E ratio points to overvaluation. These factors combine for a moderate overall score.

To see Spark’s full report on FNMA stock, click here.

More about Federal National Mortgage Association

Fannie Mae, also known as the Federal National Mortgage Association, operates in the financial services industry, focusing on the secondary mortgage market. It provides liquidity to mortgage lenders by purchasing mortgage loans and issuing mortgage-backed securities, thereby supporting the housing market.

Average Trading Volume: 8,064,825

Technical Sentiment Signal: Buy

Current Market Cap: $8.84B

Find detailed analytics on FNMA stock on TipRanks’ Stock Analysis page.