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Fannie Mae posts $4B profit as first-time buyers power purchase surge

August 01, 2026

Fannie Mae reported $4.0 billion net income in Q2 2026, with single-family acquisition volume reaching $111.2 billion, the highest since Q3 2022. Single-family purchase acquisitions rose 32.6% from Q1, with 55% going to first-time buyers. Refinance acquisitions fell 12.3% quarter over quarter but remained above Q2 2025 levels. Serious delinquency rate stayed at 0.58%, and credit loss provisions increased. Multifamily acquisitions declined to $14.2 billion.

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