Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

BECAUSE, $275B(debt)+$16.5B (equity)LEVERAGES $3.5T in mortgage loans/investments. The twins (just like banks) live off the "spread" between the interest income those assets generate (i.e.,3.21% as of 6/30/20) and the liabilities or cost of the debt used to finance the mortgage loans (i.e., 2.58% as of 06/30/20) for a "spread" or Net Interst Income of 63 basis points (i.e., 0.63% as of 06/30/20) on the $3.5T in mortgage loans/investments. This generated $11.124B in revenue for Fannie Mae for the 1st 6 months of 2020 vs. 10.023B in 2019, which had a "spread" of 59bps. Page 17, 10q2Q20
https://www.fanniemae.com/portal/media/financial-news/2020/second-quarter-2020-financial-results-scheduled-release-7050.html