Powering U.S. Housing. Attracting Global Capital.
Fannie Mae is foundational to the largest housing finance system in the world – providing liquidity, stability, and access to affordable financing. We buy residential mortgage loans from lenders and convert them into mortgage-backed securities we guarantee – attracting a diverse, global investor base. This cycle allows lenders to offer affordable mortgages to more borrowers, and expands rental housing opportunities nationwide.
4Q 2025 Financial highlights
$7.3B
Net Revenues1
$3.5B
Net Income
$4.1T
Guaranty Book
$109.0B
Net Worth
12.6%
Administrative Expense Ratio2
10.2%
Illustrative Return on Average Required CET13
Additional Resources
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Headlines
February 11, 2026
Fannie Mae Reports Net Income of $3.5 Billion for Fourth Quarter 2025 and $14.4 Billion for Full-Year 2025
February 6, 2026
Fannie Mae Plans to Report Fourth Quarter and Full-Year 2025 Financial Results on February 11, 2026
January 28, 2026
Fannie Mae Releases December 2025 Monthly Summary
Fannie Mae has been under conservatorship, with U.S. Federal Housing acting as conservator, since September 6, 2008. We entered into a senior preferred stock purchase agreement with the U.S. Department of the Treasury pursuant to which Treasury has committed to provide funding to us under specified circumstances. More information regarding the conservatorship and our agreement with Treasury is provided in our most recent Form 10-K and may be supplemented by information in any subsequent Form 10-Qs, which are available under our SEC Filings.
