Fannie Mae (FNM) Reports Full-Year Pre-Tax Profit Down, Revenue Falls

Fannie Mae (FNM) released results for 2025, reporting a full-year pre-tax net income of $1.2B, a 23% decline from $1.6B in 2024. Total revenue fell 11% to $20.8B. The housing finance giant attributed the results to higher interest rates, reduced home sales, and lower mortgage origination volumes. Management cited regulatory and capital requirements as contributing factors. The company plans to return capital to shareholders through dividends and buybacks in 2026, amid continued low housing demand and rate sensitivity.