Federal National Mortgage Association
- Fannie Mae gained 0.4% to $7.09 after the mortgage loan provider reported a slight increase in full-year 2024 revenue, while net income dropped.
Revenue increased to $29.07 billion from $29.05 billion, and net income declined to $16.98 billion from $17.41 billion a year ago.
The single-family segment reported net income of $14.4 billion, a decrease of $425 million compared to 2023, but single-family acquisition volume advanced 3% for the year.
The multifamily segment reported net income of $2.5 billion, consistent with year 2023, and the company acquired approximately $55 billion in multifamily loans last year, up 4% from 2023.
Fannie Mae expects slower home price growth in 2025, compared to the rate of the household income increase, helping to gradually improve affordability for homebuyers.
Feb 18, 2025
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