Fannie Mae Reports First Quarter 2017 Financial Results
Today Fannie Mae reported net income of $2.8 billion and comprehensive income of $2.8 billion for the first quarter of 2017. We expect to pay Treasury a $2.8 billion dividend in June 2017. With the expected June 2017 dividend payment, Fannie Mae will have paid a total of $162.7 billion in dividends to Treasury.
Across our business, we are creating new ways to help our customers make the mortgage process easier and safer, and provide options that are affordable to more borrowers. Both the market and our operations continued to strengthen, and our progress was reflected in another profitable quarter. We look forward to advancing our vision to create a digital mortgage process, and make new strides in our efforts to encourage the creation of affordable multifamily housing.
President and CEO, Fannie Mae
May 5, 2017
Fannie Mae's May 5, 2017 media call includes forward-looking statements, including statements regarding the company's expectations about the following: the company's future profitability and financial performance and the factors that will affect its future profitability and financial performance; the drivers of the company's revenues; the company's future credit performance; the company's future dividend payments to Treasury; the company's future capital reserves; the company's business plans and strategies and the impact of these plans and strategies; and conditions in the housing market. Actual results and events, and future projections, may turn out to be very different from these statements. Factors that may lead to different results are discussed in "Risk Factors," "Forward-Looking Statements," and elsewhere in the company's quarterly report on Form 10-Q for the quarter ended March 31, 2017 and its annual report on Form 10-K for the year ended December 31, 2016. The company's forward-looking statements speak only as of the date they are made, and the company undertakes no obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under the federal securities laws.