Is Fannie Mae profitable?
Fannie Mae lost billions of dollars on its investment portfolios and MBS guarantees during the financial crisis, forcing the government to step in to provide additional financial support. The company has steadily climbed out of that big hole, returning to profitability in 2012. By 2014, it repaid all the money it received and has since poured billions of dollars into the U.S. Treasury.
The company has remained profitable over the past decade. It reported $3.7 billion of net income in the first quarter of 2025. That was down from $4.1 billion in the fourth quarter of 2024 and from $4.3 billion in the first quarter of 2024. Fannie Mae's growing income increased its net worth to $98.3 billion, a significant rise from $47.4 billion in 2021.
The company's strong profitability enabled it to continue supporting the mortgage market. It provided $76 billion of liquidity to the mortgage market in the first quarter of 2025 by purchasing and refinancing loans backed by single-family homes and multifamily rental properties.
Does Fannie Mae pay a dividend?
Fannie Mae no longer pays quarterly dividends to its investors. The company suspended its dividend in 2008 when the government put it under the conservatorship of the FHFA.
However, the company makes preferred dividend payments to the U.S. government, which has a senior preferred stock position in the company. It retains all the earnings that it doesn't pay to the government to provide additional liquidity to the mortgage market.
