Fannie Mae Reports Third Quarter 2017 Financial Results
Today Fannie Mae reported net income of $3.0 billion and comprehensive income of $3.0 billion for the third quarter of 2017. We paid a $3.1 billion dividend to Treasury in September 2017. Through the third quarter of 2017, Fannie Mae has paid $165.8 billion in dividends to Treasury. We will pay Treasury another $3.0 billion in dividends in December 2017 if FHFA declares a dividend in this amount.
Fannie Mae is consistently delivering a steady stream of innovations to our customers. We see their challenges as Fannie Mae's challenges, and we are listening to their feedback to make our customer solutions better and smarter. As our third quarter results demonstrate, our performance and focus on customers have put us in a strong position to continue serving all parts of the market. We are committed to working with customers to forge a stronger and safer housing finance system that provides opportunities that are affordable to the next generation of American homeowners and renters.
President and CEO, Fannie Mae
November 2, 2017
Fannie Mae's November 2, 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 company's future credit performance, including serious delinquency rates; the company's future capital reserves; the impact of Hurricanes Harvey, Irma, and Maria on the company's financial performance and credit performance; 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 September 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.