General World News

Fannie Mae’s net worth doubles to $47B

Fannie Mae reported its overall net income increased in 2021 to $22.2 billion, an increase of $10.4 billion compared to 2020, largely due to the growth of its single-family business.

Net revenue increased $4.6 billion to $29.9 billion in 2021, mostly driven by higher guaranty fee income, including that generated by the 50 basis point adverse market fee on most agency refinances. That fee was in place for half the year, from December 2020 to July 2021, when the Federal Housing Finance Agency under Acting Director Sandra Thompson eliminated it.

Of the company’s receipts, single-family by far represents details ⇒

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