Pult swors

Fannie Mae will look for ways to drink “fat”, the chairman Bill Pulte said on Wednesday in the company's earnings discussion in the first quarter.

Pult, who appointed himself chairman of the company sponsored by the government in March, made the comments after a quarterly earnings publication, at which Fannie Maes Maes from Fannie Mae decreased by 11%, shortly after he was confirmed as director of Fannie Mae Overseer Federal Finale Housing Finance Agency. The company's net assets rose by 4% to 98.3 billion US dollars in a quarter.

The net income decreased by 15%compared to the previous year, with the end result due to a much lower loan loss benefit. The net turnover was flat from a previous year, while the company's net assets increased by 20% compared to the first quarter of 2024.

“While assets are considerable, there is a great opportunity to trim fat, turn the business around, to achieve more income and to ensure this and at the same time ensure that you ensure security and solidity,” said Pult.

Pult did not indicate how the company plans to rationalize business companies during a media call that lasted almost 15 minutes.

Priscilla Almodovar, President and CEO of Fannie Mae, found that net income was mainly driven by guarantee fees in the first quarter of $ 3.7 billion. However, she said that the head wind for potential buyers of affordability and the “lock-in effect” and the homeowners, their existing houses from the concern that their new mortgage will have a higher interest rate, no longer have affordable challenges for homeowners.

Other highlights of the earnings report were the disclosure that Fannie Mae provided liquidity of 76 billion US dollars in the first quarter of 2025, which enabled the financing of around 287,000 home purchases, refinancing and rental units.

Fannie acquired around 144,000 shopping loans in the first quarter, about half of whom were for first -time buyers. The government-funded mortgage giveaous also acquired around 50,000 single-family refinancing loans in the quarter.