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.
1Q 2026 Financial highlights
$7.3B
Net Revenues1
$3.7B
Net Income
$4.1T
Guaranty Book
$112.7B
Net Worth
10.2%
Administrative Expense Ratio3
10.4%
Illustrative Return on Average Required CET12
Additional Resources
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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.
