Fannie Mae posts $4B profit as first-time buyers power purchase surge
Purchase Refinance
Q2 2026 mortgage acquisitions — households supported (~417,000 total)
117,000 Refinance (28%)
55% of purchase borrowers were first-time homebuyers — approximately 110,000 households.
Source: Fannie Mae Second Quarter 2026 Earnings Release and Form 10-Q, filed July 29, 2026 (SEC). SF delinquency rate = loans 90+ days past due or in foreclosure as a % of single-family conventional guaranty book. CET1 return is illustrative. Data: mpamag.com/us
Appraisal alternatives reach $3 billion in borrower savings
Fannie also used the Q2 report to highlight the expanding role of appraisal alternatives in reducing upfront borrowing costs.
The company estimates its value acceptance and value acceptance plus property data options — both available through Desktop Underwriter — have generated $3 billion in borrower savings since 2018 across 5.34 million loans, based on an approximate weighted-average saving of $550 per loan.
“Lenders are using our enhanced Desktop Underwriter services to drive speed, certainty, and a more seamless borrower experience,” said Jake Williamson, Fannie Mae’s executive vice president and head of single-family.
