Fannie Mae reported its financial results for the full year ending December 31, 2025. Net income for the period was USD 2.95 billion. Income before federal income taxes totaled USD 3.61 billion, while the provision for federal income taxes amounted to USD 661 million. Total non-interest expense for the year was USD 1.02 billion. During the period, Fannie Mae highlighted an update from the Federal Housing Finance Agency (FHFA), which announced revisions to the Private Mortgage Insurer Eligibility Requirements (PMIERs). These updated standards are aimed at addressing risks associated with the quality of mortgage insurers’ investment portfolios, enhancing counterparty risk management, and preparing Fannie Mae and Freddie Mac to better withstand potential stress situations while fulfilling their mission of providing liquidity for equitable and sustainable housing finance. The updated PMIERs are scheduled to be implemented through a 24-month phased-in approach, becoming fully effective by September 30, 2026. Fannie Mae continues to report financial performance across its two main business segments: Single-Family and Multifamily. The company also noted a change in the presentation of certain financial disclosures beginning in the fourth quarter of 2025.

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