Q3 2024 Earnings Summary
Reported on Jan 7, 2025 (Before Market Open)
Pre-Earnings Price$1.43Last close (Oct 30, 2024)
Post-Earnings Price$1.44Open (Oct 31, 2024)
Price Change
$0.01(+0.70%)
- $4 billion in net income in Q3 2024 increased Fannie Mae's net worth to $90.5 billion, strengthening financial stability.
- Provided $106 billion of liquidity to the single-family and multifamily markets, helping 383,000 households buy, refinance, or rent a home, including 117,000 first-time homebuyers.
- Maintained strong credit quality with a weighted average loan-to-value ratio of 77% and a weighted average credit score of 759 on single-family acquisitions, while single-family serious delinquency rates remained near historically low levels at 52 basis points.
- Increase in Multifamily Credit Losses and Serious Delinquencies:
- Declining Multifamily Property Values and Potential Fraud Investigation:
- Expected Increase in Single-Family Delinquencies Due to Economic Factors: