Every 10-Q that FED NAT MTGE ASSN E PFD (FNMFM) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow FNMFM and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full FNMFM filings page.
Fannie Mae reported Q2 2026 net income of $4.0 billion, up from $3.3 billion a year earlier, as net revenues increased to $7.6 billion and provision for credit losses fell to $485 million. Year‑to‑date net income reached $7.7 billion on $14.8 billion of net revenues, helped by higher net interest income from portfolios and guaranty fees and a $681 million reduction in non‑interest expense, partly offset by weaker fair‑value and investment results.
Net worth rose $7.5 billion in the first half to $116.5 billion, with total assets of $4.33 trillion and a retained mortgage portfolio of $175.0 billion, reflecting substantial agency MBS purchases. The guaranty book of business was $4.14 trillion, while the single‑family serious delinquency rate stayed low at 0.58%. Multifamily credit provisions increased amid higher vacancy rates and a 20% decline in property values from 2022 peaks, alongside ongoing home price growth and extensive mortgage credit‑risk transfer programs.
Fannie Mae reported net income of $3.7 billion for the first quarter of 2026, slightly above the same period in 2025, as higher revenue and lower expenses offset increased credit costs and investment losses. Net revenues rose to $7.3 billion, driven by stronger net interest income from its retained mortgage portfolio and higher base guaranty fees. Non-interest expense fell to $2.2 billion, helped by lower administrative and credit enhancement costs, while the provision for credit losses increased to $277 million, mainly from rising multifamily delinquencies and new single-family acquisitions.
Net worth grew by $3.7 billion to $112.7 billion, and the guaranty book of business remained large at over $4.1 trillion. The retained mortgage portfolio expanded to $168.7 billion, largely from additional agency MBS purchases after FHFA raised Fannie Mae’s investment limit. Single-family serious delinquencies stayed low at 0.58%, though the company noted that slower expected home price growth and pressure in multifamily markets could weigh on future credit performance.
Fannie Mae (Federal National Mortgage Association) filed its quarterly report for the period ended September 30, 2025. The company provided $286.7 billion in liquidity to the mortgage market in the first nine months of 2025, supporting approximately 1.1 million home purchases, refinancings, and rental units. Guaranty fees on Fannie Mae MBS remain the primary revenue source, reflecting its role as a guarantor of mortgage-backed securities rather than a loan originator.
Fannie Mae continues to operate under FHFA conservatorship. Since March 17, 2025, the FHFA Director serves as Board Chair, and FHFA’s General Counsel also serves on the Board. As of June 30, 2025, the company owned or guaranteed an estimated 25% of U.S. single-family mortgage debt and 21% of multifamily mortgage debt. Shares outstanding were 1,158,087,567 as of October 10, 2025.