Federal National Mortgage Association (FNMA) Q3 2024 Earnings Call Transcript

Federal National Mortgage Association (OTCQB:FNMA) Q3 2024 Earnings Conference Call October 31, 2024 9:00 AM ET

Company Participants

Priscilla Almodovar – President, Chief Executive Officer
Chryssa Halley – Executive Vice President, Chief Financial Officer
Pete Bakel – Director of External Communications

Conference Call Participants

Operator

Good day and welcome to the Fannie Mae third quarter 2024 financial results conference call.

At this time, I will now turn it over to your host, Pete Bakel, Fannie Mae’s Director of External Communications.

Pete Bakel

Hello and thank you all for joining today’s conference call to discuss Fannie Mae’s third quarter 2024 financial results.

Please note this call includes forward-looking statements, including statements about Fannie Mae’s expectations related to the economic and housing market conditions, the future performance of the company’s book of business, and the company’s business plans and their impact. Future events may turn out to be very different from these statements. The risk factors and forward-looking statements sections in the company’s third quarter 2024 Form 10-Q filed today and in the company’s 2023 Form 10-K filed on February 15, 2024 describe factors that may lead to different results.

A recording of this call may be posted on the company’s website. We ask that you do not record this call for public broadcast and that you do not publish any full transcript.

I’d now like to turn the call over to Fannie Mae President and Chief Executive Officer, Priscilla Almodovar, and Fannie Mae Chief Financial Officer, Chryssa C. Halley.

Priscilla Almodovar

Welcome and thank you for joining us.

Before we get into our results, I want to mention those affected by recent natural disasters. These events can be tough, and Fannie Mae is here to help. I’ll discuss this more shortly.

I’ll start by talking about the economic conditions in the