We have released our second quarter 2022 financial results and filed our Form 10-Q for the quarter ended June 30, 2022 with the SEC. Below are some highlights from our filing.

Key Multifamily Metrics


Q2 2022

Q1 2022

New Business Volume ($ billions) ­1



Net Interest Income ($ millions)



Net Income ($ millions)



Book of Business ($ billions)



Serious Delinquency Rate 2



Other Multifamily Highlights

  • Multifamily provided liquidity for approximately 156,000 units of rental housing in the second quarter of 2022; approximately 93% of the units that were potentially eligible for housing goals credit were affordable to those earning at or below 120% of the median income in their area, providing support for both workforce housing and affordable housing.
  • Multifamily revenue was driven by $1.2 billion in net interest income. Over 65% of our multifamily net interest income in the second quarter of 2022 was derived from guaranty fee income, which continued to provide a stable driver of earnings for the business.
  • As of June 30, 2022, more than 95% of the loans in the company’s multifamily guaranty book of business that had received a forbearance, measured by unpaid principal balance, were in a repayment plan or reinstated.


Company Highlights

  • Fannie Mae reported net income of $4.7 billion for the second quarter of 2022 compared with $4.4 billion for the first quarter of 2022. The increase in net income compared with the prior quarter was driven primarily by an increase in net interest income.
  • Fannie Mae’s net worth increased to $56.4 billion as of June 30, 2022.
  • Fannie Mae provided $447 billion in liquidity to the mortgage market in the first half of 2022, enabling the financing of approximately 1.7 million home purchases, refinancings, and rental units.


1 The Federal Housing Finance Agency (FHFA) established a 2022 multifamily volume cap of $78 billion, of which 50% must be mission-driven, focused on certain affordable and underserved market segments, and 25% affordable to residents earning 60% or less of area median income.
2 The multifamily serious delinquency rate excluding loans that have received a forbearance since the start of the pandemic remained at 0.03% as of June 30, 2022. Multifamily seriously delinquent loans are loans that are 60 days or more past due.