Fannie Mae-No Politics (FNMA)

[navycmdr]

Fannie Mae NET Earned $4.33 per SHARE for the 4th QTR

$5.2B 4th net/1.2B Outstanding Shares = $4.33 per Share for the QTR

Fannie Mae Posts Higher 4Q Earnings, Revenue

8:02 am ET February 15, 2022 (Dow Jones) By Kimberly Chin

The Federal National Mortgage Association posted higher earnings and revenue in the fourth quarter due to gains in the housing market and said the rate of serious delinquencies on single-family mortgages was declining.

The government-sponsored housing-finance company logged net income of $5.19 billion, up from $4.57 billion in the year-ago quarter.

Fannie Mae's net revenue rose to $7.65 billion from $7.25 billion a year earlier.

Revenue from the single-family home business rose to $6.38 billion from $6.28 billion in the year-earlier period. Multifamily revenue increased to $1.26 billion from $963 million in the same period last year.

The serious-delinquency rate on single-family mortgages declined to 1.25% as of Dec. 31, from 1.62% as of Sept. 30 and 2.87% as of Dec. 31, 2020.

Fannie Mae said it helped refinance 3.3 million in loans in 2021. It also acquired 1.5 million home-purchase loans in the year.

Fannie Mae financed 694,000 units of rental housing last year.


Write to Kimberly Chin at [e-mail]


(END) Dow Jones Newswires

February 15, 2022 08:02 ET (13:02 GMT)

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