Fannie Mae net income rises to $4.2B in Q3 2026

Fannie Mae reported $4.2 billion in net income for the third quarter of 2026, up 5% from the previous quarter, as higher net interest income and fair value gains offset an increase in provisions for credit losses.The government-sponsored enterprise’s net income rose from $4 billion in the second quarter and $3.9 billion a year earlier, according to results released Tuesday. Net revenues increased 1% quarter over quarter to $7.7 billion.Fannie Mae’s net worth reached $119.6 billion as of Sept. 30, up 3% from $116.5 billion at the end of the second quarter and 13% from $105.5 billion a year earlier. “Fannie Mae landed another strong performance this quarter, growing our net worth 13% year over year to $120 billion,” said Bill Pulte, director of the Federal Housing Finance Agency (FHFA) and chairman of Fannie Mae’s board, in a statement. “Our continued focus on running an efficient business and reducing mortgage costs is delivering for American homeowners and renters—half the single-family loans we acquired went to low-and middle-income borrowers.” During the company’s earnings call, Acting CEO and Chief Operating Officer Peter Akwaboah reiterated Fannie Mae’s commitment to advancing ...