Our Priorities

Advance a sustainable and reliable business 

model that reduces risk to the housing finance 

system and taxpayers. 

Provide reliable, large-scale access to affordable 

mortgage credit for qualified borrowers and help 

struggling homeowners. 

Serve customer needs by building a company 

that is efficient, innovative, and continuously 

improving. 

Our Financial Results: 

Q2 2017

Net income

$3.2 BILLION

Comprehensive income

$3.1 BILLION

Our Reach

We enable people to buy, refinance, and rent homes 

across the United States.

Progress Q2 2017

Data as of or through June 30, 2017 unless otherwise indicated.

Our vision is to be the nation’s most valued housing partner. We serve the people who house America. We provide 

reliable, affordable mortgage financing in all markets at all times, buying loans that lenders originate so they can 

fund new loans. This gives more people the opportunity to buy, refinance, or rent homes. We do this while effectively 

managing and reducing risk to Fannie Mae’s business, to taxpayers, and to the housing system.

www.fanniemae.com/progress For more information, see our Second Quarter 2017 Form 10-Q, filed with the SEC on August 3, 2017. Continued on next page

30K

60K

10K

Loans 

in 2016:
Liquidity and Support to the Market

• The largest issuer of single-family mortgage-related securities in the secondary market and a

continuous source of liquidity in the multifamily market in the second quarter of 2017.

• Funded the mortgage market with approximately $135 billion in Q2 2017.

• Enabled Refi PlusTM refinancings in Q2 2017 that reduced borrowers’ monthly mortgage

payments by an average of $176.

• Remained focused on serving our customers’ needs, implementing innovations that deliver

greater value and reduced risk to lenders, and helping make predictable long-term fixed-rate

mortgages, including the 30-year fixed-rate mortgage, available to families across the country.

Dividend Payments to Treasury

(in billions)

$116.1

$19.8

$0.0

$11.6 $0.0

$82.5

$0.0

$20.6

$0.0 $10.3 $0.0 $0.0 $9.6 $5.5 $0.0 $2.8

$116.1

$162.7

2008-2011 2012 2013 2014 2015 2016 Q1 2017 Q2 2017 Total (1) 

Draws from Treasury (2)

(in billions)

0

50

100

150

Driving Down the Serious 

Delinquency (SDQ) Rate

• Our single-family SDQ rate has decreased for 29 consecutive

quarters. At 1.01%, it is substantially lower than private market

levels.

• Approximately 97 percent of Fannie Mae’s 17.2 million singlefamily conventional loans are current.

Data as of June 30, 2017

This report includes our expectations regarding our future dividend payments to Treasury and our credit risk transfer transactions. These expectations are forward-looking statements based 

on our current assumptions regarding numerous factors. Our actual results and future expectations may differ materially from our current expectations as a result of many factors, including 

those discussed in the “Risk Factors” and “Forward-Looking Statements” sections of and elsewhere in our Quarterly Report on Form 10-Q for the quarter ended June 30, 2017 and our Annual 

Report on Form 10-K for the year ended December 31, 2016. These forward-looking statements are representative only as of the date they are made, and we undertake no obligation to update 

any forward-looking statement as a result of new information, future events or otherwise, except as required under the federal securities laws.

Treasury Draws 

and Dividend Payments

Fannie Mae has paid Treasury $162.7 billion in 

dividends for periods through June 30, 2017.

(1) Under the terms of the senior preferred stock purchase agreement, dividend payments

the company makes to Treasury do not offset the company’s prior draws of funds from

Treasury, and the company is not permitted to pay down draws it has made under

the agreement except in limited circumstances. Accordingly, the current aggregate

liquidation preference of the senior preferred stock is $117.1 billion, due to the initial $1.0 

billion liquidation preference of the senior preferred stock (for which the company did

not receive cash proceeds) and the $116.1 billion the company has drawn from Treasury. 

Amounts may not sum due to rounding.

(2) Treasury draws are shown in the period for which requested, not when the funds were

received by the company. Fannie Mae has not requested a draw for any period since 2012.

Transferring Credit Risk

• Through our credit risk transfer transactions, in which we transfer a portion of the

mortgage credit risk on loans we acquire, we increase the role of private capital in

the mortgage market and reduce risk to our business, taxpayers, and the housing

finance system.

• As of June 30, 2017, $798 billion in single-family mortgages, or approximately 28

percent of the loans in the company’s single-family conventional guaranty book of

business measured by unpaid principal balance, were included in a reference pool

for a credit risk transfer transaction.

Published August 3, 2017

3900 Wisconsin Avenue, NW

Washington, DC 20016-2892

© 2017 Fannie Mae

Fannie Mae Progress Q2 2017

rental units

refinancings

316K home purchases

162K

222K

$135B provided to the market in Q2 2017 enabled: