Overview
- Fannie Mae earned $3.7 billion in the first quarter of 2026, its 33rd straight profitable quarter, lifting net worth to $112.7 billion.
- Single-family loan acquisitions hit a three-year high at $98.7 billion, including $43.8 billion in refinances as more owners found it worthwhile to reset their rates.
- The company said it supplied $116 billion in mortgage-market liquidity that helped homebuyers, refinancing borrowers, and renters across the country.
- Administrative expenses fell 19% from the prior quarter to $745 million as Fannie trimmed staff, cut contractor spending, reduced office space, and leaned on automation and AI.
- Credit pressure built in apartments with multifamily earnings down 36% to $546 million and the serious delinquency rate up to 0.78%, while single-family delinquencies held near 0.58%.