# Fannie Mae Reports $4.2B Net Income, Highest Revenue Since 2023

> Fannie Mae posts $4.2 billion net income and $7.7 billion revenue, highest since 2023, despite $1.1 billion credit loss provision.
- Title: Fannie Mae Reports $4.2B Net Income, Highest Revenue Since…
- Summary: Fannie Mae posts $4.2 billion net income and $7.7 billion revenue, highest since 2023, despite $1.1 billion credit loss provision. Fannie Mae reported $4.2…
- Keywords: fannie mae, net income, revenue, credit loss provision, q3 2026, mortgage, interest rates, unrealized losses, finance, markets, Fannie, Mae
- Source: BigGo Finance — https://finance.biggo.com/news/US_FNMA_2026-10-28
- Author: BigGo Finance
- Published: 2026-10-28T13:34:20+00:00
- Read time: 2 min
- Topics: fannie mae, net income, revenue, credit loss provision, q3 2026, mortgage, interest rates, unrealized losses, finance, markets
## Fannie Mae Q3 2026 Results
Fannie Mae reported third-quarter 2026 net income of $4.2 billion, up 5% sequentially and 8% year-over-year.
## Net Revenues Climb to $7.7 Billion
Net revenues reached $7.7 billion, the highest since 2023, with 79% generated by the core guaranty business.
## Guaranty Fee Income
The $4.1 trillion guaranty book produced over $6 billion in guaranty fee income, more than 70% from loans originated in 2022 or earlier.
## Net Worth Growth
Net worth grew $3.1 billion to over $119 billion, and the illustrative return on required equity improved 30 basis points.
## Credit Loss Provision
A combined $1.1 billion credit loss provision ($694 million single-family, $446 million multifamily) reflected higher interest rates.
## Unrealized Losses
The company recorded $1 billion in net unrealized losses on available-for-sale securities.
## Serious Delinquency
Serious delinquency rose to 62 basis points in both single-family and multifamily segments.
## Acting CEO Peter Akwaboah
Acting CEO Peter Akwaboah highlighted $344 billion in year-to-date liquidity and $141 million in closing-cost savings.
## CFO Chryssa Halley
CFO Chryssa Halley noted expected additional multifamily delinquencies ahead of higher interest rates.
## Credit Cost Drivers
Higher interest rates and newly delinquent loans drove credit loss provisions, with single-family and multifamily allowances rising.
## Rate Sensitivity Impact
Higher rates reduced single-family refinance volumes but slowed prepayments, preserving guaranty revenues.
## Multifamily Market Challenges
Multifamily new business volume of $14.5 billion was 2% higher than the prior quarter but below the year-earlier period.
## Outlook for Credit
Fannie Mae expects additional multifamily delinquencies if mortgage rates remain elevated.
## Key Financial Metrics
Net income increased 8% year-over-year to $4.2 billion, with net revenues at $7.7 billion, the highest since 2.023.
## Key takeaway

Fannie Mae reported $4.2 billion net income for Q3 2026, up 8% year-over-year, with $7.7 billion revenue, the highest since 2023, though credit losses rose to $1.1 billion.