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.

11 months ago
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