Fannie Mae’s 2020 Earnings Fall Due to COVID-Related Credit Expenses

February 12, 2021

National Mortgage News, Feb. 12, 2021–Paul Centopani (subscription)
The government-sponsored enterprise reported a fourth quarter net income of $4.6 billion, up from $4.2 billion in the third quarter and $4.4 billion one year earlier. The government-sponsored enterprise logged $11.8 billion in net income in 2020, a drop from $14.2 billion in 2019 and $16 billion in 2018.
https://www.nationalmortgagenews.com/news/fannie-maes-2020-earnings-fall-due-to-covid-related-credit-expenses