{"id":49487,"date":"2026-04-29T18:19:28","date_gmt":"2026-04-29T15:19:28","guid":{"rendered":"https:\/\/mk.gen.tr\/fannie-mae-trims-expenses-posts-3-7b-profit-in-q1-2026\/"},"modified":"2026-04-29T18:19:28","modified_gmt":"2026-04-29T15:19:28","slug":"fannie-mae-trims-expenses-posts-3-7b-profit-in-q1-2026","status":"publish","type":"post","link":"https:\/\/mk.gen.tr\/en\/fannie-mae-trims-expenses-posts-3-7b-profit-in-q1-2026\/","title":{"rendered":"Fannie Mae trims expenses, posts $3.7B profit in Q1 2026"},"content":{"rendered":"

Fannie Mae <\/strong>reported first-quarter 2026 net income of $3.7 billion on Wednesday, extending its streak of quarterly profits to 33 consecutive quarters as the government-sponsored enterprise (GSE) benefited from stable revenues, lower expenses and continued strength in its guaranty business.<\/p>\n

Fannie Mae<\/a> reported that net income rose from $3.5 billion in the fourth quarter of 2025<\/a> and slightly exceeded the $3.66 billion it earned in the same period last year. Its net worth increased to $112.7 billion as of March 31, up from $109 billion at the end of last year.<\/p>\n

\u201cWe opened the year strong,\u201d Peter Akwaboah<\/a>, the company\u2019s chief operating officer and acting CEO, said during an earnings call on Wednesday. He added that the results reflected \u201cthe sustained health of our guaranty business, the discipline of our execution and the strength of our balance sheet.\u201d<\/p>\n

Akwaboah said the company is navigating \u201can already challenging housing market<\/a>\u201d made more uncertain by the broader macroeconomic environment. But he also said Fannie Mae remains focused on \u201cproviding uninterrupted liquidity in all economic cycles to support stability and affordability to the U.S. housing market.\u201d<\/p>\n

Bill Pulte<\/a>, director of the Federal Housing Finance Agency <\/strong>(FHFA) and chairman of Fannie Mae\u2019s board, said in a statement that \u201cFannie Mae is a far more effective and leaner company than it was a year ago, with solid earnings, lower expenses, and $112.7 billion in net worth.\u201d<\/p>\n

The company\u2019s quarterly revenues were essentially flat at $7.3 billion, driven largely by guaranty fees tied to its $4.1 trillion guaranty book of business. <\/p>\n

Chryssa C. Halley<\/a>, Fannie Mae\u2019s chief financial officer, characterized the results as indicative of the GSE\u2019s \u201cdurability.\u201d<\/p>\n

\u201cNet revenues in the quarter were stable at $7.3 billion, administrative expenses were lower, and our growing net worth put Fannie Mae in a solid position to serve the housing market and fulfill our mission,\u201d she said in a statement. <\/p>\n

Administrative expenses fell 19% from the previous quarter to $745 million, which the company attributed to cost-cutting efforts and operational efficiencies.<\/p>\n

\u201cWe are committed to sustaining a smaller cost base by remaining focused on operational efficiency, including by automating manual processes and increasing productivity with AI<\/a>,\u201d Halley said on the earnings call.<\/p>\n

Fannie Mae said it provided $116 billion in liquidity to the mortgage market during the quarter, supporting about 154,000 home purchases, 121,000 refinances and 110,000 rental units. More than half of its single-family purchase loans went to first-time homebuyers<\/a>, while more than 80% of multifamily units financed were affordable to renters earning below the area median income.<\/p>\n

Executives also highlighted technology and market initiatives during the call, including increased purchases of mortgage-backed securities<\/a> (MBS) and the rollout of new credit scoring options<\/a>.<\/p>\n

\u201cSince quarter end, we enabled two new credit score models, including immediate use of VantageScore<\/strong> 4.0 to support affordability and access through industry innovation and competition,\u201d Akwaboah said.<\/p>\n

Fannie Mae\u2019s single-family business generated $3.17 billion in net income during the quarter, up 19% from the prior quarter, helped by lower credit-loss provisions and reduced expenses. Single-family acquisition volume rose modestly to $98.7 billion as refinance<\/a> activity increased.<\/p>\n

Meanwhile, the multifamily<\/a> division earned $546 million, down 36% from the prior quarter as credit-loss provisions climbed amid rising delinquencies and weaker property valuations on some troubled loans. The multifamily serious delinquency rate increased to 0.78%, up from 0.74% at the end of 2025.<\/p>\n

Halley noted that Fannie Mae\u2019s \u201cnet interest margin increased slightly from 2025 levels\u201d and that its \u201ctotal guarantee book continued to reprice higher in the first quarter as higher average guarantee fees in our larger single-family business outweighed a decline in average guarantee fees in the multifamily business.\u201d<\/p>\n

Halley said market volatility late in the quarter did not materially affect first-quarter performance, although the company is \u201cclosely monitoring factors that could influence the credit performance of our guaranty book.\u201d<\/p>","protected":false},"excerpt":{"rendered":"

Fannie Mae reported first-quarter 2026 net income of $3.7 billion on Wednesday, extending its streak of quarterly profits to 33 consecutive quarters as the government-sponsored enterprise (GSE) benefited from stable revenues, lower expenses and continued strength in its guaranty business. Fannie Mae reported that net income rose from $3.5 billion in the fourth quarter of…<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/mk.gen.tr\/en\/wp-json\/wp\/v2\/posts\/49487"}],"collection":[{"href":"https:\/\/mk.gen.tr\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mk.gen.tr\/en\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mk.gen.tr\/en\/wp-json\/wp\/v2\/comments?post=49487"}],"version-history":[{"count":0,"href":"https:\/\/mk.gen.tr\/en\/wp-json\/wp\/v2\/posts\/49487\/revisions"}],"wp:attachment":[{"href":"https:\/\/mk.gen.tr\/en\/wp-json\/wp\/v2\/media?parent=49487"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mk.gen.tr\/en\/wp-json\/wp\/v2\/categories?post=49487"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mk.gen.tr\/en\/wp-json\/wp\/v2\/tags?post=49487"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}