FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE (FNMA) Form 10-Q — Oct 28, 2026
Fannie Mae reported Q3 2026 net income of $4.18 billion, up $318 million year over year, driven by higher net interest income and fair value gains. First-nine-month net income reached $11.9 billion, up $1.0 billion from 2025. The concerning offset is credit: Q3 provision for credit losses jumped to $1.14 billion from $338 million a year earlier, driven by a sharp multifamily deterioration ($446 million provision vs $69 million) amid weakening property values and higher LTVs. Single-family provisions also rose on elevated 7% mortgage rates and new delinquencies.
Key figures
- Eps
- 0.21
- Revenue
- 22496000000
- Net Income
- 11879000000
- Total Debt
- 168731000000
- Total Assets
- 4317887000000
- Cash Position
- 10918000000
- Shares Outstanding
- 1158087567
- Unemployment rate
- 4.2%
- Q3 2025 net income
- 3859000000
- Q3 2026 net income
- 4177000000
- Net interest yield q3
- 0.70%
- Liquidity provided ytd
- 344100000000
- Net interest income q3
- 7559000000
- Net worth sept 30 2026
- 119600000000
- Q3 net income increase
- 318000000
- Multifamily q3 provision
- 446000000
- Guaranty book of business
- 4126598000000
- Mortgage rate 30yr q3 end
- 7.03%
- Home price growth ytd 2026
- 3.8%
- Single family q3 provision
- 694000000
- Retained mortgage portfolio
- 180228000000
- Full year home price forecast
- 2.7%
- Q3 provision for credit losses
- 1140000000
- Ytd provision for credit losses
- 1902000000
- Q3 2025 provision for credit losses
- 338000000
AI analysis
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