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2 Fannie Mae Contact : Date : . . • • • • • Pete Bakel 202-752-2034 April 30 , 2021 Resource Center : 1-800-732-6643 Fannie Mae Reports Net Income of $ 5.0 Billion for First Quarter 2021 $ 5.0 billion net income for the first quarter of 2021 compared with $ 4.6 billion for the fourth quarter of 2020 Implemented hedge accounting in the first quarter of 2021 , which improved first quarter pretax income by approximately $ 1.2 billion Net worth increased to $ 30.2 billion as of March 31 , 2021 $ 422 billion in liquidity provided to the Single - Family and Multifamily mortgage markets in the first quarter of 2021 Acquired 340,000 home purchase loans and 1.1 million refinance loans during the quarter , which helped homeowners take advantage of low interest rates 217,000 units of rental housing financed , more than 90 % affordable to families earning at or below 120 % of area median income More than 1.3 million single - family forbearance plans initiated to help borrowers since the onset of the COVID - 19 pandemic ; as of March 31 , 2021 , approximately 920,000 of these loans have exited forbearance , including approximately 337,000 through reinstatement and approximately 275,000 through the company's payment deferral option Q1 2021 Key Results $ 30.2 Billion Net Worth Increase of $ 5.0 billion in Q1 2021 " COVID - 19 continues to present challenges and opportunities for homeowners and renters . We had another quarter of near - record mortgage volumes as many took advantage of low rates to refinance or purchase a home . In addition , more than two - thirds of the 1.3 million homeowners with Fannie Mae loans who entered forbearance have since exited , even as we continue to help others find solutions . I'm proud of our steady performance and continuing focus on helping homeowners and renters through uncertain times . " Hugh R. Frater , Chief Executive Officer $ 422 Billion Supporting Housing Activity SF Home Purchases SF Refinancings MF Rental Units $ 1.4T $ 30.2B $ 25.3B $ 14.6B $ 6.2B $ 666B $ 570B $ 512B $ 422B $ ( 3.7 ) B 2017 2018 2019 2020 Q1 2021 2017 2018 2019 2020 Q1 2021 $ 5.0 Billion Net Income Increase of $ 423 million compared with fourth quarter 2020 Single - Family SDQ Rate SDQ Rate $ 5.0B $ 4.6B $ 4.2B $ 2.5B $ 0.5B Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 First Quarter 2021 Results SDQ Rate without Forbearances 3.20 % 2.87 % 2.65 % 2.58 % 0.66 % 0.59 % 0.65 % 0.66 % 0.66 % Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 1