Fannie Mae Q2 FY26 net income rises 20% to $4 billion year-over-year - FNMA News | RalliesFannie Mae Q2 FY26 net income rises 20% to $4 billion year-over-year
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FNMA• Credit losses and expenses
- Provision for credit losses climbed to $485 million from $277 million in 1Q.
- Non-interest expense edged down to $2.1 billion from $2.2 billion in 1Q; fair value results swung to a $76 million loss from a $121 million gain.
Quarterly profit rises and extends streak
- Fannie Mae posted 2Q 2026 net income of $4 billion, up 20% year over year, extending its profit streak to 34 straight quarters.
- Net revenues rose 4% from 1Q to $7.6 billion; net worth increased 3% to $116.5 billion.
Mortgage-market liquidity and multifamily volume
- Provided $125 billion of mortgage-market liquidity supporting about 417,000 units; helped nearly 110,000 first-time buyers.
- Multifamily acquisition volume fell to $14.2 billion.
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