# Fannie Mae Profit Rises as Credit Loss Provision Increases

Third-quarter net income reached $4.2 billion, while the mortgage company's credit loss provision more than doubled from the preceding quarter.

By Will Langan | 24X7 News
Published: 2026-10-28T12:13:02.257Z
Updated: 2026-10-28T12:13:02.257Z
Section: Money
Format: News
Canonical: https://24x7news.us/articles/fannie-mae-third-quarter-results-october-28-2026

Fannie Mae reported $4.2 billion in third-quarter net income on October 28, up from $4.0 billion in the preceding quarter, according to its financial results release.

Net revenues rose to $7.7 billion from $7.6 billion. Fannie Mae said higher revenues and a shift from fair value losses to gains helped profit, partly offset by an increased credit loss provision.

The provision reached $1.14 billion, compared with $485 million in the second quarter. The company cited higher actual and projected interest rates, newly acquired loans and new delinquencies in its single-family business. Its multifamily provision reflected weakening loan credit metrics and a lower near-term property value forecast, among other factors.

Single-family serious delinquencies increased to 0.62% at September 30 from 0.58% three months earlier. The company defines these as loans at least 90 days past due or in foreclosure.

Fannie Mae's net worth reached $119.6 billion. It said it provided $103 billion in mortgage market liquidity during the quarter, supporting home purchases, refinancings and rental housing.

Sources: Fannie Mae third-quarter financial results release.

## Sources
- Fannie Mae Third-Quarter 2026 Financial Results: https://www.fanniemae.com/media/document/pdf/q32026release.pdf