Why is Ferronordic Machines stock surging today?

Fannie Mae reported Q2 metrics on its earnings call, including 77% weighted average original loan-to-value and 756 average FICO for single-family acquisitions. Multifamily new business volume was $14B and guaranty book $545B; net income rose 29% to $704M. The company increased total allowance for credit losses by $161M and issued $25B of debt.

Fannie Mae reported $4.0B net income for Q2 2026, with net revenues up 4% to $7.6B and net worth rising to $116.5B, according to its SEC filing. Single-family acquisition volume reached $111.2B, the highest since Q3 2022, supported by $125B liquidity and 417,000 home purchases and refinances. First-time buyers were 55% of purchase loans.

Fannie Mae reported Q2 net income of $4.0B. Net revenue rose 4% to $7.6B, helped by higher net interest income and deferred guaranty fee income, plus lower expenses. Credit loss provision increased to $485M from $277M. Single-family net income rose to $3.3B; multifamily net income rose 29% to $704M. Fannie Mae said multifamily delinquencies may rise.

Fannie Mae reported second-quarter net income of $4.0 billion, up from $3.7 billion in the prior quarter, with net revenues rising to $7.6 billion. Credit loss provisions and negative fair value changes totaled $561 million, offset by higher interest income and gains. Fannie acquired $111 billion in single-family mortgages, and net worth was $116.5 billion.

FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE (FNMA) filed an SEC Form 8-K — Results of Operations and Financial Condition. EX-99.1 2 fnma2026q2pressrelease.htm EX-99.1 Document Exhibit 99.1 Fannie Mae Earns $4.0 Billion in Second Quarter 2026 • Growth in earnings from prior quarter reflects increased net revenues (1) , which more than offset higher credit loss provision • 34 th consecutive quarterly

BTIG downgraded Rocket, Fannie Mae and Freddie Mac to neutral from buy in Doug Harter’s second-half outlook, citing a tougher-than-expected rate environment and reduced visibility on “normalized” earnings. For Fannie/Freddie, BTIG said uncertainty around conservatorship timing limits near-term upside; it valued Fannie at $26 and Freddie at $32 in a positive case, but $4 each if preferreds convert to common. BTIG kept UWM at buy but cut its price target to $4 from $10 amid leverage/dividend conce