Fannie Mae Reports Second Quarter 2017 Financial Results
Today Fannie Mae reported net income of $3.2 billion and comprehensive income of $3.1 billion for the second quarter of 2017. We paid a $2.8 billion dividend to Treasury in June 2017. Through the second quarter of 2017, Fannie Mae has paid $162.7 billion in dividends to Treasury. We will pay Treasury another $3.1 billion in dividends in September 2017 if FHFA declares a dividend in this amount.
Our results reflect the strength of our business model and the momentum of our strategy. We are focused on helping lenders save time and money, making the mortgage process easier, and expanding access to credit in ways that make sense. We will continue to deliver innovative solutions that help our customers succeed, improve the mortgage process, and create safe and sustainable opportunities for families to own or rent a home.
President and CEO, Fannie Mae
August 3, 2017
Fannie Mae's August 3, 2017 media call includes forward-looking statements, including statements regarding the company's expectations about the following: the company's future dividend payments to Treasury; 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, including serious delinquency rates; the company's future capital reserves; and the company's business plans and strategies and the impact of these plans and strategies. 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 June 30, 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.