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: 

Q3 2017

Net income

$3.0 BILLION

Comprehensive income

$3.0 BILLION

Our Reach

We enable people to buy, refinance, and rent homes 

across the United States.

Progress Q3 2017

Data as of or through September 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 Third Quarter 2017 Form 10-Q, filed with the SEC on November 2, 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 third quarter of 2017.

• Funded the mortgage market with approximately $150 billion in Q3 2017.

• Enabled Refi PlusTM refinancings in Q3 2017 that reduced borrowers’ monthly mortgage 

payments by an average of $182.

• 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

$165.8

2008-2011 2012 2013 2014 2015 2016 Q1 2017 Q2 2017 Q3 2017 Total (1) 

$0.0 $3.1

Draws from Treasury (2)

(in billions)

0

50

100

150

Driving Down the Serious 

Delinquency (SDQ) Rate

• Our single-family SDQ rate has decreased or remained flat 

for 30 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 September 30, 2017

This report includes our expectations regarding 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 September 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 $165.8 billion in 

dividends for periods through September 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 September 30, 2017, $884 billion in single-family mortgages, or approximately 

31 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 November 2, 2017

3900 Wisconsin Avenue, NW

Washington, DC 20016-2892

© 2017 Fannie Mae

Fannie Mae Progress Q3 2017

rental units

refinancings

358K home purchases

189K

229K

$150B provided to the market in Q3 2017 enabled: