Fannie Mae reported a quarterly net profit of $4.2 billion for the third quarter of 2026, as previously reported on October 28.
Following this financial result, the company has identified TRF Loan Acquisition, LP as the successful bidder for its 29th sale of non-performing loans.
The credit package includes 1,179 loans with an outstanding principal amount of approximately $252 million. The transaction is expected to close by December 15.
In addition to the sale of non-performing loans, Fannie Mae announced several updates to its eligibility requirements on Wednesday. The company expanded the eligibility for additional residential units in suitable condominium projects. The regulatory adjustments also incorporate VantageScore 4.0 for manually underwritten loans and include changes regarding the recoupment of premiums on whole loans.
Regarding credit stability, Willy Walker, CEO of Walker & Dunlop, stated during a third-quarter 2026 conference call that Fannie Mae and Freddie Mac have completed their fraud audits.
Market activity saw the Fannie Mae stock gain 4.2% on Friday. This movement follows media reports suggesting that Bill Ackman’s push to end government conservatorship has triggered price gains for both Fannie Mae and Freddie Mac. On November 3, Ackman described the midterm elections as a possible turning point and suggested a potential tenfold increase in company value, though no confirmed political change was associated with this statement.
FHFA Director Bill Pulte dismissed a media report concerning stricter credit checks for rent-regulated properties in New York City following the rent freeze. According to Pulte, both companies are continuing their lending under a uniform national credit framework.
In related corporate news, board member Omeed Malik resigned from his position, effective October 30.
