Fannie Mae Q2 net income hits $4B

Fannie Mae reported $4 billion in net income during the second quarter of 2026, a 7% increase from the prior quarter and a 20% increase from a year earlier, as higher revenue offset an increase in its provision for credit losses. The government-sponsored enterprise said in its Wednesday morning earnings call that net income rose from $3.7 billion in the first quarter and $3.3 billion in the second quarter of 2025. Net worth increased to $116.5 billion as of June 30, up from $112.7 billion at the end of the first quarter. Bill Pulte, director of the Federal Housing Finance Agency (FHFA) and chairman of Fannie Mae’s board, said that the GSE’s continued net worth and earnings report “shows the company’s continued stability and growth, all while reaching $3 billion in estimated homeowner savings since 2018 through innovative appraisal alternatives.” Net revenue increased 4% from the previous quarter to $7.6 billion, driven primarily by higher net interest income from Fannie Mae’s portfolios and increased deferred guaranty fee income. Lower noninterest expenses and a shift from investment losses to gains also contributed to the increase in earnings, the company said. Those gains were pa...