Quarterly ResultApr 29, 2026, 07:22 AM
FNMA Q1 Net Income $3.7B; Net Revenues Up $195M
AI Summary
Fannie Mae reported Q1 2026 net income of $3.7 billion, a $59 million increase from Q1 2025, driven by a $195 million rise in net revenues and a $416 million decrease in non-interest expenses. The company provided $115.8 billion in liquidity to the mortgage market. Key market indicators showed a 1.2% home price growth and a 6.38% 30-year fixed-rate mortgage rate. The company also updated its Selling Guide to allow new credit score models and is addressing increased cybersecurity risks from AI.
Key Highlights
- Net income was $3.7 billion in Q1 2026, up $59 million from Q1 2025.
- Net revenues totaled $7.3 billion in Q1 2026, an increase of $195 million.
- Non-interest expense decreased by $416 million to $2.2 billion in Q1 2026.
- Net worth increased by $3.7 billion to $112.7 billion as of March 31, 2026.
- Provision for credit losses increased by $253 million to $277 million in Q1 2026.
- Retained mortgage portfolio increased by $36.3 billion to $168.7 billion.
- Provided $115.8 billion in liquidity to the mortgage market in Q1 2026.
- Updated Selling Guide in April 2026 to allow VantageScore 4.0 and FICO Score 10T.