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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Mortgage Industry Adapts to Rising Interest Rates The U.S. mortgage industry is adapting to rising interest rates, transforming lending strategies, and borrower behaviors. This article explores the implications for lenders and borrowers, offering insights into new trends and strategies.
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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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