Fannie Mae recorded $4.5 billion net income in Q2 2024, with net worth reaching $86.5 billion. Single-family mortgage purchases rose significantly, yet net income increased only by $164 million from Q1.
Fannie Mae bought $85.9 billion in single-family conventional loans, up from $62.3 billion in Q1. Purchase loan acquisition, with half for first-time homebuyers, surged to $74.5 billion in Q2 and refinance acquisition volume rose to $11.4 billion.
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