FNMA Yahoo Finance comparative beta vs mortgage REITs shows FNMA milder volatility, making it attractive to conservative housing finance investors in uncertain bond environments. He also said "there's zero chance" it will happen in 2025. For anyone considering a position in Fannie Mae, the big picture relies on the company's role as a major US mortgage finance provider and its ability to balance capital management, regulatory shifts, and market risk. The recent fixed-price cash tender offer for Connecticut Avenue Securities Notes may suggest a fine-tuning of its capital structure, but the immediate impact on near-term catalysts appears limited when compared to more pressing risks like persistent earnings declines, management turnover, and the ongoing uncertainty around privatization discussions. With earnings trending downward, unprofitability, and share price volatility, the most important short-term drivers remain tied to broader moves in federal policy, mortgage credit quality, and any further changes at the executive level. Still, Fannie Mae's proactive steps with these debt offers signal management is focused on financial flexibility. On the other hand, regulatory risks remain prominent for investors to watch closely. FNMA Yahoo Finance forward-looking models project 3%–5% potential upside over the next 60 days under neutral macroeconomic conditions, based on historical regression with housing demand figures.