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 our customers’ needs and improve the 

company’s business efficiency.

Our Financial Results: 

Q1 2016

Net income

$1.1 BILLION

Comprehensive income

$936 MILLION

Our Reach

We enable people to buy, refinance, and rent homes 

across the United States.

Progress Q1 2016

Data as of or through March 31, 2016 unless otherwise indicated.

Our vision is to be the nation’s most valued housing partner. In simplest terms, 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 first quarter 2016 Form 10-Q Report, filed with the SEC on May 5, 2016. Continued on next page

30K

60K

10K

Loans

in 2015:
2008 2009 2010 2011 2012 2013 2014 2015 1Q16 2Q16

$15.2

$60.0

$15.0

$25.9

$0.0 $0.0 $0.0 $0.0 $0.0 TBD

Draw Request from Treasury

(in billions)

Initial Liquidation Preference

Treasury Draw Requests1

Total Senior Preferred Stock Outstanding

$1.0

$116.1

$117.1

Cumulative 

Total

2008 2009 2010 2011 2012 2013 2014 2015 1Q16 2Q162

$0.03 $2.5

$7.7 $9.6 $11.6

$82.5

$20.6

$10.3

$2.9 $0.9

Dividend Payment to Treasury

(in billions)

Total Expected Dividend 

Payments through 2Q 20162,3 $148.5

Cumulative 

Total

Driving Down the Serious 

Delinquency (SDQ) Rate

• Our single-family SDQ rate has 

decreased for 24 consecutive quarters. 

At 1.44%, it is substantially lower than 

private market levels.

• Approximately 97 percent of Fannie 

Mae’s 17.2 million single-family 

conventional loans are current.

Data as of March 31, 2016

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 and in our quarterly report on Form 10-Q for the quarter ended March 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 $147.6 billion in 

dividends for periods through March 31, 2016, and 

expects to have paid Treasury a total of $148.5 billion 

in dividends by June 30, 2016.

(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 second quarter of 2016 calculated based 

on our net worth of $2.1 billion as of March 31, 2016 less the applicable capital reserve 

amount of $1.2 billion.

(3) Amounts may not sum due to rounding.

Liquidity and Support to the Market

• Remained one of the largest issuers of single-family mortgage-related securities in the 

secondary market and a continuous source of liquidity in the multifamily market in the first 

quarter of 2016.

• Funded the mortgage market with approximately $115 billion in Q1 2016.

• Enabled Refi PlusTM refinancings in Q1 2016 that reduced borrowers’ monthly mortgage 

payments by an average of $192.

• Helped distressed families avoid foreclosure through approximately 27,000 loan workouts in 

Q1 2016, including nearly 21,000 loan modifications

Transferring 

Credit Risk

• 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 Q1 2016, we transferred a 

significant portion of the mortgage 

credit risk on over $590 billion in unpaid 

principal balance of mortgage loans.

Published May 5, 2016

3900 Wisconsin Avenue, NW

Washington, DC 20016-2892

© 2016 Fannie Mae

Fannie Mae Progress Q1 2016

rental units

refinancings

210K home purchases

161K

256K

$115B provided to the market in Q1 2016 enabled: