The mortgage giant reported a $400M revenue beat for Q2, driven by higher guaranty fee income on its $4.1 trillion book.
Fannie Mae posted Q2 GAAP earnings per share of $0.03 as revenue reached $7.57 billion, exceeding expectations by $400 million. The year-over-year increase of 4.6% was fueled by guaranty fee income on its $4.1 trillion guaranty book of business.
Net revenues totaled $7.6 billion for the quarter, consistent with the prior period’s structure. The company’s financial performance reflects ongoing strength in the mortgage market despite broader economic uncertainties.
No immediate market reaction was disclosed in the release.