WASHINGTON — Fannie Mae reported net income of $3.7 billion for the first quarter of 2026, up from $3.5 billion in the fourth quarter of 2025, according to the company.
Fannie Mae said its net worth increased to $112.7 billion as of March 31, 2026. Net revenues were steady compared with the prior quarter, with the increase in net income primarily driven by a shift from fair value losses to gains and lower administrative expenses. Those gains were partially offset by a shift from investment gains to losses.
“Fannie Mae is a far more effective and leaner company than it was a year ago, with solid earnings, lower expenses, and $112.7 billion in net worth,” said William J. Pulte, director of U.S. Federal Housing and chairman of Fannie Mae’s board of directors. “A financially sound and dependable Fannie Mae is essential to the long-term health of the housing and mortgage markets.”
Strength of Core Business
Peter Akwaboah, acting chief executive officer and chief operating officer, said the company’s results reflect the strength of its core business.
“Fannie Mae’s first quarter net income of $3.7 billion reflects the health of our guaranty business, the discipline of our execution, and the strength of our balance sheet,” Akwaboah said. “We remain focused on our mission — to provide uninterrupted liquidity in all economic cycles to support stability and affordability to the U.S. housing market.”
Fannie Mae said it continues to focus on supporting liquidity and stability in the housing finance system as part of its broader mission.
