Fannie/Freddie report both Q1 profits

Both Fannie Mae and Freddie Mac reported his income in the first quarter of 2025 and contributed to the government sponsored by the government (GSES).

For the first quarter of 2025 and March 31, 2025, Fannie Mae reported a net profit of 3.7 billion US dollars because the net assets of the GSE reached 98.3 billion dollars.

“Our current focus at Fannie Mae is on the operational efficiency and ensuring that Fannie Mae is a first -class operator,” said William J. Pulte, director of the Federal Housing Finance Agency (FHFA) and chairman of the Board of Directors of Fannie Mae. “While assets are important, there is a great opportunity to trim fat, turn the business around, to achieve more income and to ensure that you ensure security and sound. A profitable Fannie Mae, one with strong balance and a strong capital that focuses on enthusiastic customers means that a safe and solid US mortgage market.

In addition, Fannie Mae made liquidity of 76 billion US dollars available in the first quarter of 2025, which enabled the financing of approximately 287,000 US home purchases, refinancing and rental units. Fannie Mae acquired about 144,000 shopping loans, about half of whom were for first-time buyers and about 50,000 single-family refinancing loans during the first quarter. Ion for the multi -family market, Fannie Mae, financed around 93,000 units multi -family rental apartments in the first quarter of 2025; An important majority was affordable for households, which were deserved in the area with or below 120% of the average income and supported for both the workforce and affordable apartments.

“Fannie Mae earned a net profit of 3.7 billion US dollars in the first quarter of 2025, which is mainly due to warranty fees,” added Priscilla Almodovar, President and CEO of Fannie Mae. “We have increased our net assets to $ 98 billion, continued to build up our regulatory capital and delivered our mission. In this quarter we have provided $ 76 billion in liquidity from the America housing market. Buy, refinance or rent a house.

In the first quarter of 2025, Freddie Mac reported a net result of $ 2.8 billion, an increase of 1% compared to the previous year, which protected about 313,000 households in the first quarter of 2025. The net turnover of $ 5.9 billion, an increase of 2% compared to the previous year, was mainly controlled by higher net interest income, partly by lower non-interest income.

Freddie Mac reported its overall mortgage portfolio of 3.1 trillion US dollars and 2%compared to the previous year.

Freddie Mac financed 224,000 mortgages, with 51% of the legitimate loans for families with low to moderate income affordable. The first buyer made 52% of Freddie Mac from Freddie Mac's new purchase loan. The GSE financed around 89,000 rental units, with 92% of the legitimate units for families with low to moderate income affordable.

“Freddie Mac achieved 2.8 billion US dollars in a net result in the first quarter and led the company's net assets to 62 billion US dollars,” said Pult, who also acts as chairman of the Board of Directors for Freddie Mac. “The company helped buy, rent or refinance more than 313,000 of America's families. 52% of the purchases of single-family houses supported first buyers and 92% of the rental units that are affordable for tenants with medium-sized incomes, such as teachers, police officers and fire brigade, who are backbone from the backbone from our community. Activities.

Gses follow the approach to reducing costs

As Pulte mentioned for both Fannie Mae and Freddie Mac, the Trump government took measures to reduce the workforce of every GSE. These executive cuts take place when the Trump administration for the privatization of Fannie Mae and Freddie Mac takes into account both companies that have been under conservatory since September 2008.

In April it was reported that the FHFA and Fannie Mae had released more than 100 employees from the GSE after caught up in a unethical manner, including fraud acts. The news came from the layoffs after reports Fannie Mae released 700 employees in the United States in the past week, which was given for ethical violations that result from the allegations of the company's abuse.

“In President Trump's real estate market, there is no room for fraud, mortgage fraud or other fraudulent actions that can endanger the security and sound of the housing industry,” said Pult of the Diautens. “Anyone who commits fraud against Fannie Mae does so against the American people.”

At the Freddie Mac Front, late March, CEO Diana Reid, head of the human resources Dionne Wallace Oakley and EPP of the corporate strategy and external matters Craig Phillips were released. Mike Hutchins, the current President of Freddie Mac, was appointed interim CEO after Reid's release. Hutchins is a member of the Board of Director of Freddie Mac and the Senior Operating Committee of the company.

Executive Shakeups of both GSEs can settle, as Pulte went to the social media platform X in mid-April, to determine that the leadership at Fannie Mae and Freddie Mac ended.

“In order to remain competitive in every company, change is good, but to this day we do not see any further changes (except pre -made or already agreed on descents), since we are now focusing on growth, fraud, fraud, eliminating security and making houses affordable again!” said Pulte about Twitter.

In a follow -up contribution, Pult continued: “We do not see any further changes to the leadership qualities at Fannie Mae & Freddie Mac ahead. Our focus will now turn to growth, make houses more affordable, equip mortgage fraud and those who make Fannie & Freddie great American icons!”

Click here to achieve a complete report on Fannie Mae's finance results from the first quarter of 2025, and click here to obtain Freddie Mac's financial results from the first quarter of 2025.