Fannie Mae posted net income of $4.41 billion for the period, versus $5 billion during the first quarter of 2021.
The company mainly attributed the drop to investment losses and credit-related costs.
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MMG's Bodnar: We've Been Watching This Movie All Year Bill Bodnar of the Mortgage Market Guide breaks down the jobs report, why and how it came in above expectations, and what that means just days ahead of the Fed meeting.
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Fannie Mae Q1 Profit Drops Despite Fewer Delinquencies
Fannie Mae has disclosed a decline in its first-quarter net income even as the government-sponsored housing-finance giant said the rate of serious delinquencies on single-family mortgages kept declining. So reports Dow Jones Newswires.
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