Fannie Mae profits grow to $4.3B in Q1 2024 [Yahoo! Finance]
Federal National Mortgage Association (FNMA)
NASDAQ:AMEX Investor Relations:
fanniemae.com/portal/about-fm/investor-relations/index.html
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Source: Yahoo! Finance
the year, up from $3.9 billion in the prior quarter, the government-sponsored enterprise (GSE) reported Tuesday. The GSE's net worth grew from $77.4 billion at the end of 2023 to $82 billion as of March 31. Its growth was “primarily drive by a shift to fair value gains and a shift to a benefit for credit losses, partially offset by a decrease in net interest income,” Fannie Mae explained in a statement that accompanied its financial results. “The strength of the U.S. economy, higher single-family home prices, and the credit quality of our book of business continue to be important factors affecting our performance,” CEO Priscilla Almodovar said in prepared remarks, noting that Fannie Mae delivered a profit for a 25th consecutive quarter. “This quarter, we provided $72 billion in liquidity to the U.S. housing market. This helped 280,000 households buy, refinance, or rent a home and reflects our strong commitment to managing risk and fulfilling our vital role supporting America's h
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News
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FNMA
Analyst Actions
- 2/26/24 - Keefe, Bruyette & Woods
FNMA
Sec Filings
- 5/14/24 - Form 3
- 5/14/24 - Form 8-K
- 5/13/24 - Form ABS-15G/A
- FNMA's page on the SEC website