Earnings Releases·Oct 28, 2026, 7:17 AM ET

Fannie Mae — Third Quarter 2026 Earnings Summary

Net income rose to $4.2 billion in Q3 2026 from $3.9 billion a year prior and $4.0 billion in Q2 2026, while net revenues increased to $7.7 billion from $7.3 billion year-over-year and $7.6 billion sequentially.
Provision for credit losses more than doubled to $1.1 billion in Q3 2026 compared to $485 million in Q2 2026 and $338 million in Q3 2025, driven by higher interest rates and delinquency trends in both single-family and multifamily segments.
Net worth reached $119.6 billion as of September 30, 2026, marking a 13% year-over-year increase and a 3% sequential rise, though the company reported an actual available CET1 capital deficit of $30 billion.
No specific forward financial guidance was provided; management emphasized continued operational efficiency, reducing mortgage costs, and maintaining liquidity reliability across market conditions.
The company remains in conservatorship with total assets of $4.32 trillion, having provided $103 billion in liquidity during the quarter to support approximately 356,000 home purchases, refinancings, and rental units.