Q4 and Full-Year 2015

Data as of or through December 31, 2015 unless otherwise indicated.

OUR REACH

Our vision is to be America’s most valued housing partner. We exist 

to provide liquidity, access to mortgage credit, and affordability in all 

U.S. housing markets at all times so people can buy, refinance, or rent 

homes. We do this while effectively managing and reducing risk to 

Fannie Mae’s business, taxpayers, and the housing finance system.

OUR FINANCIAL RESULTS

www.fanniemae.com/progress Continued on next page

For more information, see our 2015 Form 10-K Report, 

filed with the SEC on February 19, 2016.

Published February 19, 2016

3900 Wisconsin Avenue, NW

Washington, DC 20016-2892

© 2016 Fannie Mae

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 our customers’ needs and improve the 

company’s business efficiency.

OUR PRIORITIES

2015:

Net income

$11.0 BILLION

Comprehensive income

$10.6 BILLION

Q4 2015:

Net income

$2.5 BILLION

Comprehensive income

$2.3 BILLION

IN 2015, WE ENABLED PEOPLE TO BUY, REFINANCE, 

AND RENT HOMES ACROSS THE UNITED STATES.

30K

60K

10K
• Our single-family SDQ rate has decreased 

for 23 consecutive quarters. At 1.55%, it is 

substantially lower than private market levels.

• Approximately 97 percent of Fannie Mae’s 

17.3 million single-family conventional loans 

are current.

Data as of December 31, 2015

This report includes our expectations regarding our future dividend payments to Treasury. 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” section of and elsewhere in our Annual Report on Form 10-K for the year ended December 31, 2015. 

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 $144.8 billion in 

dividends for periods through December 31, 

2015, and expects to have paid Treasury a total of 

$147.6 billion in dividends by March 31, 2016.

TBD

1Q16

$15.2

2008

$60.0

2009

$15.0

2010

$25.9

2011

$0.0

2012

$0.0

2013

$0.0

2014

Draw Request from Treasury

(in billions)

Cumulative

Total

Initial Liquidation Preference $1.0

Treasury Draw Requests1 $116.1

Total Senior Preferred Stock Outstanding $117.1

$0.0

2015

$2.5

2009

$7.7

2010

$9.6

2011

$11.6

2012

Dividend Payment to Treasury

(in billions)

$20.6

2014

Cumulative

Total

Total Dividend Payments

through 1Q 2016 2,3 $147.6

$0.03

2008

$10.3

2013 2015

$82.5

$2.9

1Q162

(1) Treasury draw requests are shown in the period for which requested and do 

not include the initial $1.0 billion liquidation preference of Fannie Mae’s senior 

preferred stock, for which Fannie Mae did not receive any cash proceeds. The 

payment of dividends does not offset prior Treasury draws.

(2) Fannie Mae expects to pay a dividend for the first quarter of 2016 calculated

based on its net worth of $4.1 billion as of December 31, 2015 less the 

applicable capital reserve amount of $1.2 billion.

(3) Amounts may not sum due to rounding.

DRIVING DOWN THE SERIOUS 

DELINQUENCY (SDQ) RATE

LIQUIDITY AND SUPPORT TO THE MARKET

• Remained a large issuer of single-family mortgagerelated securities in the secondary market and a 

continuous source of liquidity in the multifamily market 

in the fourth quarter of 2015.

• Funded the mortgage market with approximately $516 

billion in 2015 including approximately $116 billion in 

Q4 2015.

• Enabled Refi PlusTM refinancings in Q4 2015 that 

reduced borrowers’ monthly mortgage payments by an 

average of $191.

• Helped distressed families avoid foreclosure through 

approximately 122,000 loan workouts in 2015 (~25K 

in Q4 2015), including approximately 94,000 loan 

modifications (~19K in Q4 2015).

238K

HOME

PURCHASES

136K

MULTIFAMILY

HOUSING

UNITS

249K

MORTGAGE

REFINANCINGS

FANNIE MAE LIQUIDITY 

IN Q4 2015 ENABLED

Q4 and Full-Year 2015

• Through our credit risk transfer transactions, we’re 

increasing the role of private capital in the mortgage 

market and reducing risk to our business, to 

taxpayers, and to the housing finance system. 

• Through 2015, we transferred a significant portion of 

the mortgage credit risk on over $500 billion in unpaid 

principal balance of mortgage loans.

TRANSFERRING CREDIT RISK