Overview
- Net income fell $2.6 billion from 2024, driven by a $1.8 billion shift to a credit-loss provision and $1.7 billion lower fair-value gains from interest-rate spread compression.
- Fourth-quarter net income was $3.5 billion, with $7.3 billion in net revenues led by guaranty fees.
- Year-end net worth reached $109 billion, extending the enterprise’s capital build under conservatorship.
- Fannie said it supplied $409 billion in market liquidity and lifted its retained single-family mortgages and related securities to $123.4 billion, up from $89.3 billion in 2024.
- Management reduced 2025 administrative costs and cut about 1,200 jobs, though severance expenses rose.