Fannie Mae Sees Billion-Dollar Profit in Q1

Fannie Mae today reported a $1.1 billion profit for the first quarter of 2016, following a $2.5 billion gain in the previous quarter. The decrease in profit was largely attributed to fair value losses as a result of decreased longer-term interest rates, offset by credit-related income. Freddie Mac earlier this week reported a loss for the first quarter.


About Author

Monica C. Meinert

Monica C. Meinert is deputy editor of the ABA Banking Journal and editorial director at the American Bankers Association, where she oversees ABA Daily Newsbytes.