Fannie Mae 1Q Income Declines, Revenue Flat

Dow Jones

Apr 30, 2025

By Katherine Hamilton

The Federal National Mortgage Association, or Fannie Mae, posted a lower income and flat revenue in the first quarter.

The government-sponsored buyer and seller of mortgages on Wednesday posted a net income of $3.66 billion in the three months ended March 31, compared with $4.32 billion a year earlier.

Revenue was essentially flat at $7.09 billion. Fannie Mae's net worth grew 20% to $98.31 billion, driven by revenue.

Housing prices rose 1.4% on a national basis in the first quarter, Fannie Mae said.

Director William Pulte said there are opportunities to trim fat and generate more earnings at Fannie Mae.

"The operational improvements we are driving at Fannie Mae will turn around the company and will make Fannie Mae a great American icon once again," Pulte said.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

April 30, 2025 07:57 ET (11:57 GMT)

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Fannie Mae's net worth grew 20% to $98.31 billion, driven by revenue. \n</p>\n<p>\n  Housing prices rose 1.4% on a national basis in the first quarter, Fannie Mae said. \n</p>\n<p>\n  Director William Pulte said there are opportunities to trim fat and generate more earnings at Fannie Mae. \n</p>\n<p>\n  \"The operational improvements we are driving at Fannie Mae will turn around the company and will make Fannie Mae a great American icon once again,\" Pulte said. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Katherine Hamilton at katherine.hamilton@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 30, 2025 07:57 ET (11:57 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Fannie Mae 1Q Income Declines, Revenue Flat</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFannie Mae 1Q Income Declines, Revenue Flat\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-04-30 19:57</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  By Katherine Hamilton \n</p>\n<pre>\n \n</pre>\n<p>\n  The Federal National Mortgage Association, or Fannie Mae, posted a lower income and flat revenue in the first quarter. \n</p>\n<p>\n  The government-sponsored buyer and seller of mortgages on Wednesday posted a net income of $3.66 billion in the three months ended March 31, compared with $4.32 billion a year earlier. \n</p>\n<p>\n  Revenue was essentially flat at $7.09 billion. 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Fannie Mae's net worth grew 20% to $98.31 billion, driven by revenue.Housing prices rose 1.4% on a national basis in the first quarter, Fannie Mae said.Director William Pulte said there are opportunities to trim fat and generate more earnings at Fannie Mae.\"The operational improvements we are driving at Fannie Mae will turn around the company and will make Fannie Mae a great American icon once again,\" Pulte said.","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"FNMA":"房利美"},"translate_title":"房利美第一季度收入下降，收入持平","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FNMA":0.9},"content_text":"By Katherine Hamilton \n\n\n \n\n\n  The Federal National Mortgage Association, or Fannie Mae, posted a lower income and flat revenue in the first quarter. \n\n\n  The government-sponsored buyer and seller of mortgages on Wednesday posted a net income of $3.66 billion in the three months ended March 31, compared with $4.32 billion a year earlier. \n\n\n  Revenue was essentially flat at $7.09 billion. Fannie Mae's net worth grew 20% to $98.31 billion, driven by revenue. \n\n\n  Housing prices rose 1.4% on a national basis in the first quarter, Fannie Mae said. \n\n\n  Director William Pulte said there are opportunities to trim fat and generate more earnings at Fannie Mae. \n\n\n  \"The operational improvements we are driving at Fannie Mae will turn around the company and will make Fannie Mae a great American icon once again,\" Pulte said. \n\n\n \n\n\n  Write to Katherine Hamilton at katherine.hamilton@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 30, 2025 07:57 ET (11:57 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}