Fannie Mae gross margin for the quarter ending March 31, 2025 was 19.71%. Fannie Mae average gross margin for 2024 was 20.73%, a 6.2% decline from 2023. Fannie Mae average gross margin for 2023 was 22.1%, a 20.73% decline from 2022. Fannie Mae average gross margin for 2022 was 27.88%, a 4.62% decline from 2021. Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.

Fannie Mae is a leading source of financing for mortgage lenders, providing access to affordable mortgage financing in all markets at all times.

The Federal National Mortgage Association, commonly known as Fannie Mae, was created by the U.S. congress in 1938, in order to maintain liquidity and stability in the domestic mortgage market. The company is a government-sponsored enterprise (GSE), meaning that while it was a publicly traded company for most of its history, it was still supported by the federal government. While there is no legally binding guarantee of shares in GSEs or their securities, it is generally acknowledged that the U.S. government is highly unlikely to let these enterprises fail. Due to these implicit guarantees, GSEs are able to access financing at a reduced cost of interest. Fannie Mae's main activity is the purchasing of mortgage loans from their originators (banks, mortgage brokers etc.) and packaging them into mortgage-backed securities (MBS) in order to ease the access of U.S. homebuyers to housing credit. The early 2000s U.S. mortgage finance boom During the early 2000s, Fannie Mae was swept up in the U.S. housing boom which eventually led to the financial crisis of 2007-2008. The association's stated goal of increasing access of lower income families to housing finance coalesced with the interests of private mortgage lenders and Wall Street investment banks, who had become heavily reliant on the housing market to drive profits. Private lenders had begun to offer riskier mortgage loans in the early 2000s due to low interest rates in the wake of the "Dot Com" crash and their need to maintain profits through increasing the volume of loans on their books. The securitized products created by these private lenders did not maintain the standards which had traditionally been upheld by GSEs. Due to their market share being eaten into by private firms, however, the GSEs involved in the mortgage markets began to also lower their standards, resulting in a 'race to the bottom'. The fall of Fannie Mae The lowering of lending standards was a key factor in creating the housing bubble, as mortgages were now being offered to borrowers with little or no ability to repay the loans. Combined with fraudulent practices from credit ratings agencies, who rated the junk securities created from these mortgage loans as being of the highest standard, this led directly to the financial panic that erupted on Wall Street beginning in 2007. As the U.S. economy slowed down in 2006, mortgage delinquency rates began to spike. Fannie Mae's losses in the mortgage security market in 2006 and 2007, along with the losses of the related GSE 'Freddie Mac', had caused its share value to plummet, stoking fears that it may collapse. On September 7th 2008, Fannie Mae was taken into government conservatorship along with Freddie Mac, with their stocks being delisted from stock exchanges in 2010. This act was seen as an unprecedented direct intervention into the economy by the U.S. government, and a symbol of how far the U.S. housing market had fallen.

In 2021, Fannie Mae was the leading diversified financial company in the United States and generated revenues exceeding 100 billion U.S. dollars in that year. In that year, Fannie Mae generated revenues of around 101.54 billion U.S. dollars, followed by Freddie Mac with 65.9 billion U.S. dollars. Both companies are government-sponsored mortgage loan providers.

This statistic presents the profit of the leading diversified financial service companies in the United States in 2018. In that year, the profit of Fannie Mae amounted to approximately 16.0 billion U.S. dollars.

From landing page:FHFA establishes annual single-family and multifamily housing goals for mortgages purchased by Fannie Mae and Freddie Mac. The Enterprise Housing Goals include separate categories for single-family mortgages on housing that is affordable to low-income and very low-income families, as well as refinanced mortgages for low-income borrowers. FHFA also establishes separate annual goals for multifamily housing. Loans that are eligible for housing goals credit are mortgages on owner-occupied housing with one to four units. The mortgages must be conventional, conforming mortgages, defined as mortgages that are not insured or guaranteed by the Federal Housing Administration or another government agency and with principal balances that do not exceed the conforming loan limits for Enterprise mortgages. This page provides data on Enterprise performance and activity related to the single-family housi​​ng goals. A full glossary of terms is provided below. Single-Family Enterprise Mortgage Acquisitions: Race and Ethnicity Data The new housing goals data tables provide insight on the racial and ethnic composition of loans acquired by the Enterprises that are eligible for housing goals credit. FHFA has provided the racial and ethnic distribution of the Enterprises' acquisitions across each of the current single-family housing goals categories. ​ Single-Family Housing Goal Loan Segments: State-Level Data FHFA is publishing state-level data for each single-family goal loan purchase and refinance segment. It is important to note that FHFA does not set state-level targets but only at the national level. These tables provide the Enterprises' share in each state along with the market share, as calculated by FHFA using the 'static' HMDA data for each year to determine Enterprise housing goals performance each year. It is important to note that HMDA state-level data are impacted by the number of HMDA-exempt reporters in each state. For more information on HMDA reporting requirements, visit the CFPB HMDA Reporting Requirements page.Low-Income Census Tracts, Minority Census Tracts and Designated Disaster Areas Data The Federal Housing Enterprises Financial Safety and Soundness Act of 1992 (Safety and Soundness Act) provides for the establishment of single-family and multifamily goals each year, including a single-family purchase money mortgage goal for families residing in low-income areas. The Safety and Soundness Act defines "low-income area" for the single-family low-income areas home purchase goal as: Census tracts or block numbering areas in which the median income does not exceed 80 percent of area median income (AMI). In addition, for the purposes of this goal, "families residing in low-income areas" also include: Families with income not greater than 100 percent of AMI who reside in minority census tracts. Families with income not greater than 100 percent of AMI who reside in designated disaster areas. ​A "minority census tract" is a census tract that has a minority population of at least 30 percent and a median income of less than 100 percent of the AMI. A "low-income census tract" is census tract in which the median income does not exceed 80 percent of the AMI. Designated disaster areas are identified by FHFA based on the three most recent years' declarations by the Federal Emergency Management Agency (FEMA), where individual assistance payments were authorized by FEMA. A map of census tracts identified as minority census tracts in 2024 can be ​found here. A map of census tracts identified as low-income census tracts in 2024 can be found here. ​Learn more about low-income census tracts, minority census tracts, and designated disaster areas.