On Friday, Fannie Mae reported $17 billion in net income in 2024, down slightly from its $17.4 billion profit in 2023. The government-sponsored enterprise (GSE) had net income of $4.1 billion in the fourth quarter of 2024, marking its 28th consecutive quarter of positive earnings.

Fannie Mae president and CEO Priscilla Almodovar said during Friday’s earnings call that at the end of 2024, the GSE grew its net worth to nearly $95 billion. Almodovar added that Fannie has built nearly $37 billion of regulatory capital over the past two years.

In 2024, Fannie Mae provided $381 billion of liquidity to details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com