Earnings release
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2 Fannie Mae Contact : Pete Bakel Resource Center : 1-800-732-6643 Date : • • • • • • • 202-752-2034 August 3 , 2021 Fannie Mae Reports Net Income of $ 7.2 Billion for Second Quarter 2021 $ 7.2 billion net income for the second quarter of 2021 compared with $ 5.0 billion for the first quarter of 2021 Net worth increased to $ 37.3 billion as of June 30 , 2021 $ 384 billion in liquidity provided to the Single - Family and Multifamily mortgage markets in the second quarter of 2021 $ 129.5 billion of Single - Family home purchase acquisitions , a record high , of which nearly 50 % were for first - time homebuyers 128,000 units of rental housing financed , more than 90 % affordable to families earning at or below 120 % of area median income Nearly 1.4 million single - family forbearance plans initiated to help borrowers since the onset of the COVID - 19 pandemic ; as of June 30 , 2021 , approximately 1.1 million of these loans have exited forbearance , including approximately 659,000 through reinstatement or payoff , and approximately 323,000 through the company's payment deferral option Home price growth in the first half of 2021 was 10.5 % , the highest six- month growth rate in the history of Fannie Mae's home price index Q2 2021 Key Results $ 37.3 Billion Net Worth Increase of $ 7.1 billion in Q2 2021 " Fannie Mae's second quarter results demonstrate our ability to advance our mission , operate safely and soundly , and grow our capital . To meet our mission through business cycles , we must be safe and sound – and to be safe and sound , we need to have adequate capital . These priorities are the foundation for our work with our industry partners to address the nation's long - term housing challenges , including housing affordability , supply , and equity . " Hugh R. Frater , Chief Executive Officer $ 806 Billion Supporting Housing Activity SF Home Purchases SF Refinancings MF Rental Units $ 37.3B $ 25.3B $ 14.6B $ 6.2B $ 570B $ 666B $ 512B $ 1.4T $ 806B $ ( 3.7 ) B 2017 2018 2019 2020 2017 2018 2019 2020 Q2 2021 Q2 YTD 2021 $ 7.2 Billion Net Income Increase of $ 2.2 billion compared with first quarter 2021 Single - Family SDQ Rate SDQ Rate SDQ Rate without Forbearances 3.20 % 2.87 % $ 7.2B 2.65 % 2.58 % 2.08 % $ 4.2B $ 4.6B $ 5.0B $ 2.5B 0.59 % 0.65 % 0.66 % 0.66 % 0.64 % Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Second Quarter 2021 Results Q2 2021 1