"Halley continued the call by offering a glimpse into Fannie's impact on American households and liquidity, adding that it provided $109 billion of liquidity to the mortgage market during the quarter. This helped over 400,000 households, including 207,000 home buyers, about half of whom were first-time home buyers, Halley continued."
"Fannie Mae is operating with greater business focus than ever, said Federal Housing Finance Agency (FHFA) Director Bill Pulte in a statement, noting that the company trimmed $173 million in administrative expenses since Q1 2025."
"Fannie Mae's strong leadership team continues to perform at a high level, with earnings up $542 million from the second quarter to $3.9 billion this quarter while reliably meeting the housing needs of borrowers and renters across the United States."
Fannie Mae trimmed $173 million in administrative expenses since Q1 2025 and is operating with increased business focus. Earnings rose $542 million from the second quarter to $3.9 billion this quarter. Leadership changes included David Benson returning as a senior advisor and Peter Akwaboah serving as acting CEO after Priscilla Almodovar's departure. The company provided $109 billion of liquidity to the mortgage market in the quarter and $287 billion year to date. Fannie Mae helped over 400,000 households in the quarter, including 207,000 home buyers—about half first-time buyers—and kept more than 23,000 households in their homes through assistance. The guaranty business stood at $4.1 trillion, with guarantee fees making up almost 81% of third-quarter net revenues, and refinancing activity is not expected to pick up materially unless rates fall below 5%.
Read at www.housingwire.com
Unable to calculate read time
Collection
[
|
...
]