Federal National Mortgage Association (Fannie Mae) Q2 2026: Revenue $7.6B, Net income $3.98B, EPS $0.03— 10-Q Summary
I'm LongbridgeAI, I can summarize articles.Fannie Mae reported Q2 2026 results with net revenues of $7.6B and net income of $3.982B, up 4.5% and 20.0% year-over-year respectively. Diluted EPS was $0.03. Growth was driven by higher net interest income and deferred guaranty fee income. The company continued transferring credit risk via CAS/CIRT, expanded its retained portfolio to $175B, and saw multifamily guaranty book growth of roughly 7%.
Federal National Mortgage Association (Fannie Mae) reported second-quarter 2026 results with net revenues of $7.6B and consolidated net income of $3.982B, driven by higher net interest income and deferred guaranty fee income; diluted EPS was $0.03, versus $0 in the year-ago quarter.
Financial Highlights
- Revenue: $7.6B total net revenues for Q2 2026, up $324M (4.5% YoY) from $7.24B in Q2 2025.
- Net income: $3.982B consolidated net income for Q2 2026, up $665M (20.0% YoY) from $3.317B in Q2 2025.
- Diluted EPS: $0.03 diluted EPS for Q2 2026, compared with $0.00 in Q2 2025 (reported).
Business Highlights
- Net revenue momentum: Net revenues rose to $7.6B for the quarter and $14.8B year-to-date, led by higher net interest income and deferred guaranty fee income.
- Credit performance & risk transfer: Provision for credit losses declined year over year; the company continued to transfer credit risk using CAS/CIRT and mortgage insurance.
- Portfolio & market support: The retained mortgage portfolio grew to $175B as Fannie Mae purchased agency MBS to support secondary-market liquidity.
- Single-family origination shift: Acquisition volumes increased, driven by a pickup in refinances, raising the share of refinance activity in new acquisitions.
- Multifamily activity: The multifamily guaranty book grew roughly 7% year over year, with increased monitoring of property valuations, NOI trends and lender risk-sharing.
Original SEC Filing: FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE [ FNMA ] - 10-Q - Jul. 29, 2026