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: 

Q4 2016

Net income

$5.0 BILLION

Comprehensive income

$4.9 BILLION

Our Reach

We enable people to buy, refinance, and rent homes 

across the United States.

Progress Q4 and Full-year 2016

Data as of or through December 31, 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 2016 Form 10-K Report, filed with the SEC on February 17, 2017. Continued on next page

30K

60K

10K

Loans

in 2016:

Full-year 2016

Net income

$12.3 BILLION

Comprehensive income

$11.7 BILLION
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 fourth quarter of 2016.

• Funded the mortgage market with approximately $637 billion in 2016, including $193 billion 

in Q4 2016.

• Enabled Refi PlusTM refinancings in Q4 2016 that reduced borrowers’ monthly mortgage 

payments by an average of $221.

• 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 $9.6

$116.1

$154.4

2008-2011 2012 2013 2014 2015 2016 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 27 consecutive 

quarters. At 1.20%, it is substantially lower than private 

market levels.

• Approximately 97 percent of Fannie Mae’s 16.6 million singlefamily conventional loans are current.

Data as of December 31, 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” and “Forward-Looking Statements” sections of and elsewhere in 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 $154.4 billion in 

dividends for periods through December 31, 2016, and 

expects to have paid Treasury a total of $159.9 billion 

in dividends by March 31, 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 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 Dec. 31, 2016, approximately 23% of the loans in our single-family 

conventional guaranty book of business measured by unpaid principal balance were 

covered by a credit risk transfer transaction.

Published February 17, 2017

3900 Wisconsin Avenue, NW

Washington, DC 20016-2892

© 2017 Fannie Mae

Fannie Mae Progress Q4 and Full-year 2016

rental units

refinancings

300K home purchases

182K

459K

$193B provided to the market in Q4 2016 enabled: