Fannie Mae reports Q1 net income $3.7B vs. $3.7B last year

Reports Q1 revenue $7.3B vs. $7.1B last year. Peter Akwaboah, Acting Chief Executive Officer and Chief Operating Officer, Fannie Mae (FNMA): “Fannie Mae’s first quarter net income of $3.7 billion reflects the health of our guaranty business, the discipline of our execution, and the strength of our balance sheet. We remain focused on our mission: to provide uninterrupted liquidity in all economic cycles to support stability and affordability to the U.S. housing market.”