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In Q1 2024, Fannie Mae reported a $4.3B profit.
Fannie Mae reported a profit of $4.3 billion in Q1 2024, up from $3.9 billion in the previous quarter.
The government-sponsored enterprise (GSE) attributes the growth to fair value gains, credit losses, and a decrease in net interest income.
Despite a decline in single-family loan purchase volume, reaching a 24-year low, Fannie Mae financed 89,000 units of multifamily rental housing and provided $72 billion in liquidity to the U.S. housing market.
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En el primer trimestre de 2024, Fannie Mae registró una ganancia de 4.300 millones de dólares.