Fannie Mae’s mortgage acquisition volume rose in 2024, but profits shrank slightly
Housing Wire
FEBRUARY 14, 2025
On Friday, Fannie Mae reported $17 billion in net income in 2024, down slightly from its $17.4 billion profit in 2023. The government-sponsored enterprise (GSE) had net income of $4.1 billion in the fourth quarter of 2024, marking its 28th consecutive quarter of positive earnings. Fannie Mae president and CEO Priscilla Almodovar said during Friday’s earnings call that at the end of 2024, the GSE grew its net worth to nearly $95 billion.
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