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: 

Q3 2016

Net income

$3.2 BILLION

Comprehensive income

$3.0 BILLION

Our Reach

We enable people to buy, refinance, and rent homes 

across the United States.

Progress Q3 2016

Data as of or through September 30, 2016 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 third quarter 2016 Form 10-Q Report, filed with the SEC on November 3, 2016. Continued on next page

30K

60K

10K

Loans

in 2015:
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 third 

quarter of 2016.

• Funded the mortgage market with approximately $184 billion in Q3 2016.

• Enabled Refi PlusTM refinancings in Q3 2016 that reduced borrowers’ monthly mortgage 

payments by an average of $219.

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

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

mortgages, including the 30-year fixed-rate mortgage, a reality for families across the country.

$2.9

2008 2009 2010 2011 2012 2013 2014 2015 1Q16 2Q16 3Q16 4Q16

$0.0 $0.0 $0.0 $0.0 $0.0

Draw Request from Treasury

(in billions)

$15.2

$60.0

$15.0

$25.9

Initial Liquidation Preference

Treasury Draw Requests1

Total Senior Preferred Stock Outstanding

$1.0

$116.1

$117.1

Cumulative 

Total

Dividend Payment to Treasury

(in billions)

$2.5

$7.7 $9.6 $11.6

$20.6

$0.03

$10.3

$82.5

$2.9 $0.9

Total Expected 

Dividend Payments 

through 4Q 20162,3 $154.4

Cumulative 

Total

$0.0 $0.0 TBD

2008 2009 2010 2011 2012 2013 2014 2015 1Q16 2Q16 3Q16 4Q162

$3.0

Driving Down the Serious 

Delinquency (SDQ) Rate

• Our single-family SDQ rate has decreased 

for 26 consecutive quarters. At 1.24%, it 

is substantially lower than private market 

levels.

• Approximately 97 percent of Fannie Mae’s 

17.1 million single-family conventional 

loans are current.

Data as of September 30, 2016

This report includes our expectations regarding our future dividend payments to Treasury and our future 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” 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 September 30, 2016. These forward-looking statements are representative only as of the date they are made, and we undertake no obligation to update any forwardlooking 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 $151.4 billion in 

dividends for periods through September 30, 2016, 

and expects to have paid Treasury a total of $154.4 

billion in dividends by December 31, 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 fourth quarter of 2016 calculated based 

on our net worth of $4.2 billion as of September 30, 2016 less the applicable capital 

reserve amount of $1.2 billion.

(3) Amounts may not sum due to rounding.

Transferring 

Credit Risk

• Through our credit risk transfer transactions 

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 Sept. 30, 2016, approximately 21% of the 

loans in our single-family conventional guaranty 

book of business measured by unpaid principal 

balance were covered by a Connecticut Avenue 

SecuritiesTM or Credit Insurance Risk TransferTM 

transaction.

Published November 3, 2016

3900 Wisconsin Avenue, NW

Washington, DC 20016-2892

© 2016 Fannie Mae

Fannie Mae Progress Q3 2016

rental units

refinancings

338K home purchases

240K

375K

$184B provided to the market in Q3 2016 enabled: