Fannie Mae Q2 2026 Earnings Release

Fannie Mae reported a net income of $4.0 billion for the second quarter of 2026, an increase from $3.7 billion in the first quarter of 2026. This growth was driven by increased net revenues, which more than offset a higher credit loss provision. The company's net worth reached $116.5 billion as of June 30, 2026, marking a significant increase since the start of 2020. Net revenues for the quarter were $7.6 billion, up from $7.3 billion in the previous quarter, primarily due to higher net interest income, higher net deferred guaranty fees, a shift to investment gains, and lower non-interest expenses. The company provided $125 billion in mortgage market liquidity, supporting approximately 417,000 home purchases, refinances, and rental units. The single-family business saw acquisition volume increase to $111.2 billion, while the multifamily business experienced a decline in acquisition volume to $14.2 billion. Credit performance remained stable, with serious delinquency rates at 0.58% for single-family and 0.60% for multifamily.