photo of a neighborhood

text that reads: progress

At Fannie Mae, we enable families to buy, refinance, or rent a home. We have taken actions to improve our financial performance, build a profitable new book of business, and reduce losses on our legacy book. We appreciate that we could not fulfill this role without taxpayer support. Click here to download our performance snapshot for the first quarter of 2013.

We are committed to doing our part to improve the mortgage finance system. We are setting responsible standards for the mortgage industry, returning money to taxpayers through dividend payments to Treasury, helping Americans avoid foreclosure, and supporting the housing recovery.

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Data in this video as of or through December 31, 2012.

RESULTS*

Since 2009

Fannie Mae has provided $3.5 trillion in mortgage credit. In the first quarter of 2013, we reported $8.1 billion in pre-tax income, our fifth consecutive quarterly profit and the largest quarterly pre-tax income in our history. Improvement in our financial results and other factors enabled us to release a $50.6 billion valuation allowance on deferred tax assets, resulting in net income of $58.7 billion for the first quarter. Our profits go back to taxpayers. We expect to remain profitable for the foreseeable future1. Click here to view our quarterly performance snapshot.
* Data as of or through March 31, 2013 unless otherwise indicated.

RESULTS*

Since 2009

Fannie Mae has provided $3.5 trillion in mortgage credit. In the first quarter of 2013, we reported $8.1 billion in pre-tax income, our fifth consecutive quarterly profit and the largest quarterly pre-tax income in our history. Improvement in our financial results and other factors enabled us to release a $50.6 billion valuation allowance on deferred tax assets, resulting in net income of $58.7 billion for the first quarter. Our profits go back to taxpayers. We expect to remain profitable for the foreseeable future1. Click here to view our quarterly performance snapshot.
* Data as of or through March 31, 2013 unless otherwise indicated.

Leadership

A Better Mortgage Finance System

We are committed to building a better mortgage finance system. A system that strikes the right balance between providing access to mortgage credit while protecting Americans from too much risk. One that offers more visibility upfront and an ability to price for the risk that is inherent in mortgage finance.

We are working to establish and implement industry standards, develop better tools to price and manage credit risk, build new infrastructure to ensure a liquid and efficient market, and facilitate the collection and reporting of data for accurate financial reporting and improved risk management.

Community

We measure our progress by our ability to pay taxpayers, improve the housing finance system, and make a difference in people’s lives. We are working to help communities rebound more quickly, which adds up to more Americans having a good place to call home.

Forward

We know that Fannie Mae will not continue in the future as it operated in the past and that its role and structure will change over time. In this transition period, we are determined to restore trust and create a positive legacy. We will do this through our performance.