Fannie Mae Just Got a New CEO. Should You Buy FNMA Stock Here?

Leadership Changes - Fannie Mae appointed Peter Akwaboah as acting CEO while searching for a permanent replacement, with John Roscoe and Brandon Hamara promoted to co-presidents, indicating a leadership overhaul driven by the Federal Housing Finance Agency [1] - Akwaboah will oversee operations alongside the new co-presidents, introducing near-term uncertainty regarding the company's strategic direction [1] Financial Performance - In Q2 of 2025, Fannie Mae reported a net income of $3.3 billion, reflecting a 26% year-over-year decline due to higher provisions for credit losses [3] - Despite the earnings dip, the company demonstrated progress in efficiency and capital building, providing $102 billion in liquidity to the market and assisting 381,000 households [4] Operational Efficiency - Net revenues remained steady at $7.2 billion, with noninterest expenses reduced by over $250 million from the first quarter, resulting in an efficiency ratio of 31.5% [5] - Fannie Mae surpassed $100 billion in total equity, ending the quarter at $101.6 billion, and added $3.7 billion in regulatory capital, although it still faces a $29 billion total capital deficit [6] Loan Performance - Single-family loans 30 days past due increased by 10 basis points from the first quarter, attributed partly to seasonal patterns, while seriously delinquent rates rose by nine basis points compared to the previous year [7]