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MD&A | Forward-Looking Statements

Forward-Looking Statements
This report includes statements that constitute forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 (the “Exchange Act”). In addition, our senior management may from time to time make forward-looking statements orally to analysts, investors, the news media and others. Forward-looking statements often include words such as “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “estimate,” “forecast,” “project,” “would,” “should,” “could,” “likely,” “may,” “will” or similar words. Examples of forward-looking statements in this report include, but are not limited to, statements relating to our expectations regarding the following matters:
our profitability, financial condition and results of operations, and the factors that will affect our profitability, financial condition and results of operations;
our business plans and strategies and the impact of such plans and strategies;
our dividend payments to Treasury;
our retained mortgage portfolio;
our payments to HUD and Treasury funds under the GSE Act;
our plans relating to and the effects of our credit risk transfer transactions;
the impact of accounting guidance and accounting changes on our business or financial results, including the impact of impairment accounting guidance;
mortgage market and economic conditions (including home price appreciation rates) and the impact of such conditions on our business or financial results;
the risks to our business;
the impact of the 2018 hurricanes on our credit losses and loss reserves;
our serious delinquency rate and the factors that will affect our serious delinquency rate; and
our single-family loan acquisitions and the credit risk profile of such acquisitions.
Forward-looking statements reflect our management’s expectations, forecasts or predictions of future conditions, events or results based on various assumptions and management’s estimates of trends and economic factors in the markets in which we are active, as well as our business plans. They are not guarantees of future performance. By their nature, forward-looking statements are subject to risks and uncertainties. Our actual results and financial condition may differ, possibly materially, from the anticipated results and financial condition indicated in these forward-looking statements.
There are a number of factors that could cause actual conditions, events or results to differ materially from those described in the forward-looking statements contained in this report, including, but not limited to, the following:
the uncertainty of our future;
future legislative and regulatory requirements or changes affecting us, such as the enactment of housing finance reform legislation;
actions by FHFA, Treasury, HUD or other regulators that affect our business;
changes in the structure and regulation of the financial services industry;
the timing and level of, as well as regional variation in, home price changes;
changes in interest rates and credit spreads;
changes in unemployment rates and other macroeconomic and housing market conditions;
credit availability;
disruptions in the housing and credit markets;
changes in the fiscal and monetary policies of the Federal Reserve, including implementation of the Federal Reserve’s balance sheet normalization program;
our future guaranty fee pricing and the impact of that pricing on our competitive environment and guaranty fee revenues;

Fannie Mae Third Quarter 2018 Form 10-Q