Fannie Mae reports Q4 net income $3.9B vs. $1.4B last year

Reports Q4 revenue $7.73M vs. $7.22B in Q3. CEO Priscilla Almodovar stated, “Q4 capped another successful year. Fannie Mae reported $3.9B in net income, marking our twenty-fourth consecutive quarter of positive earnings. In 2023, we delivered $17.4B in earnings and continued to rebuild our capital and further strengthen our financial stability. It was a challenging year for housing, with higher mortgage rates, limited homes for sale, and high home prices weighing on affordability. Against this backdrop, we provided $369B in liquidity, helping 1.5 million households buy, refinance, or rent a home. As we close on our 85th year supporting America’s housing system, we remain committed to effectively managing risks and being a reliable source of mortgage credit for America’s homeowners and renters.”