Increase in Net Income
Fannie Mae reported $3.9 billion of net income for the third quarter, which is up 16% from the second quarter.
Significant Liquidity Support
Provided $109 billion of liquidity to the mortgage market, assisting over 400,000 households, including 207,000 first-time homebuyers.
Capital Growth
Net worth increased to $105.5 billion, driven by stable guarantee fee revenues and disciplined risk management.
Single-Family Business Performance
Single-family business, representing 87% of the guaranty book, showed consistent strong results with net income increasing 13% from the second quarter.
Multifamily Business Growth
Multifamily net income increased 33% from the second quarter due to decreased provision for credit losses and higher net revenues.