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2 Fannie Mae Contact : Pete Bakel 202-752-2034 Date : October 29 , 2021 Resource Center : 1-800-732-6643 • • • • • • • Fannie Mae Reports Net Income of $ 4.8 Billion for Third Quarter 2021 $ 4.8 billion net income for the third quarter of 2021 compared with $ 7.2 billion for the second quarter of 2021 Net worth increased to $ 42.2 billion as of September 30 , 2021 $ 312.7 billion in liquidity provided to the Single - Family and Multifamily mortgage markets in the third quarter of 2021 $ 115.4 billion of Single - Family home purchase acquisitions in the third quarter of 2021 of which nearly 50 % were for first - time homebuyers 166,000 units of rental housing financed in the third quarter of 2021 , more than 90 % of which were affordable to families earning at or below 120 % of area median income , providing support for both workforce and affordable housing Nearly 1.4 million single - family forbearance plans initiated to help borrowers since the onset of the COVID - 19 pandemic ; as of September 30 , 2021 , approximately 1.2 million of these loans have exited forbearance , including approximately 727,000 through reinstatement or payoff , and approximately 359,000 through the company's payment deferral option Home price growth in the first nine months of 2021 was 16.0 % , the highest nine - month growth rate in the history of Fannie Mae's home price index Q3 2021 Key Results $ 42.2 Billion Net Worth Increase of $ 4.8 billion in third quarter 2021 " It was another strong quarter for the housing market and for Fannie Mae . Our results reflect the credit quality of our guaranty book , a growing economy , strong home price growth , and low interest rates . However , rising home prices , while good for homeowners and others involved with selling a home , can negatively impact affordability for first - time homebuyers . For too many lower- and middle - income families , affordable housing options are scarce and inequities persist in the housing economy . We look forward to continuing to work with FHFA and others to advance equitable and sustainable access to homeownership and affordable , quality rental housing for communities across America . " Hugh R. Frater , Chief Executive Officer $ 1.1 Trillion Supporting Housing Activity SF Home Purchases MF Rental Units $ 42.2B $ 25.3B $ 14.6B $ 6.2B SF Refinancings $ 1.4T $ 1.1T $ 666B $ 570B $ 512B $ ( 3.7 ) B 2017 2018 2019 2020 2017 2018 2019 2020 Q3 2021 Q3 YTD 2021 $ 4.8 Billion Net Income Decrease of $ 2.3 billion compared with second quarter 2021 Single - Family SDQ Rate SDQ Rate -- SDQ Rate without Forbearances 3.20 % 2.87 % $ 7.2B 2.58 % 2.08 % $ 5.0B $ 4.2B $ 4.6B $ 4.8B 1.62 % 0.65 % 0.66 % 0.66 % 0.64 % 0.72 % Q3 2020 Q4 2020 Q1 2021 Q2 2021 Q3 2021 Third Quarter 2021 Results Q3 2020 Q4 2020 Q1 2021 Q2 2021 Q3 2021 1