a730exhibit993

TABLE OF CONTENTS Page Consolidated Results Selected Financial Data 1 Condensed Consolidated Statement of Income 2 Condensed Consolidated Balance Sheets 3 Average Balance of Assets & Liabilities and Annualized Yields 4 Credit-Related Information 5 Regulatory Capital 6 Business Segment Results Single-Family 7 Multifamily 12 © 2025 Fannie Mae Some of the terms and other information in this presentation are defined and discussed more fully in Fannie Mae’s Form 10-Q for the quarter ended June 30, 2025 (“Q2 2025 Form 10-Q”) and Form 10- K for the year ended December 31, 2024 (“2024 Form 10-K”). This presentation should be reviewed together with the Q2 2025 Form 10-Q and the 2024 Form 10-K, which are available at www.fanniemae.com in the “About Us—Investor Relations—SEC Filings” section. Information on or available through the company's website is not part of this supplement. Some of the information in this presentation is based upon information from third-party sources such as sellers and servicers of mortgage loans. Although Fannie Mae generally considers this information reliable, Fannie Mae does not independently verify all reported information. Due to rounding, amounts reported in this presentation may not sum to totals indicated (i.e., 100%), or amounts shown as 100% may not reflect the entire population. Unless otherwise indicated, data is as of June 30, 2025 or for the second quarter of 2025. Data for prior years is as of December 31 or for the full year indicated.

Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2025 Q2 2024 $7,155 $7,001 $7,182 $7,275 $7,268 $154 $(113) 86 84 115 66 68 2 18 7,241 7,085 7,297 7,341 7,336 156 (95) (946) (24) (321) 27 300 (922) (1,246) 211 123 842 52 447 88 (236) (8) 0 (10) 12 (62) (8) 54 (2,344) (2,600) (2,629) (2,379) (2,417) 256 73 4,154 4,584 5,179 5,053 5,604 (430) (1,450) (837) (923) (1,049) (1,009) (1,120) 86 283 $3,317 $3,661 $4,130 $4,044 $4,484 $(344) $(1,167) $3,324 $3,655 $4,127 $4,047 $4,477 $(331) $(1,153) $38,229 $39,352 $38,853 $38,146 $41,911 $(1,123) $(3,682) 23,753 31,769 15,975 18,065 27,650 (8,016) (3,897) 77,430 79,347 79,197 61,790 49,899 (1,917) 27,531 4,128,378 4,134,708 4,145,713 4,146,314 4,137,240 (6,330) (8,862) (8,247) (7,532) (7,707) (7,656) (8,026) (715) (221) $4,338,227 $4,353,709 $4,349,731 $4,334,556 $4,323,893 $(15,482) $14,334 128,316 136,818 139,422 121,715 118,543 (8,502) 9,773 4,082,196 4,091,840 4,088,675 4,096,063 4,094,421 (9,644) (12,225) $4,236,591 $4,255,397 $4,255,074 $4,244,026 $4,237,410 $(18,806) $(819) $101,636 $98,312 $94,657 $90,530 $86,483 $3,324 $15,153 $101,636 $98,312 $94,657 $90,530 $86,483 $3,324 $15,153 2.3 % 2.3 % 2.2 % 2.1 % 2.0 % 0.31 % 0.34 % 0.38 % 0.37 % 0.41 % 31.5 % 36.1 % 32.3 % 32.1 % 31.3 % 20.1 % 20.1 % 20.3 % 20.0 % 20.0 % (a) (b) (c) (d) FANNIE MAE SELECTED FINANCIAL DATA ($ in millions, except per share and ratio data) SELECTED INCOME STATEMENT DATA Net interest income QUARTERLY DATA (Provision) benefit for credit losses Fee and other income Net revenues Fair value gains (losses), net Q2 2025 Variance vs. Investment gains (losses), net Non-interest expense(a) Income before federal income taxes Mortgage loans held for investment and held for sale Allowance for loan losses Total assets Investments in securities, at fair value Securities purchased under agreements to resell Total comprehensive income Net income Provision for federal income taxes SELECTED BALANCE SHEET DATA (period-end) Cash and cash equivalents © 2025 Fannie Mae Consists of salaries and employee benefits, professional services, technology and occupancy expense, legislative assessments, credit enhancement expense and other expense, net. Total Fannie Mae stockholders’ equity Total liabilities Debt of Fannie Mae Debt of Consolidated Trusts OTHER METRICS Return on assets(c) Effective income tax rate Efficiency ratio(d) Net worth ratio(b) Net worth Calculated based on annualized net income for the reporting period divided by average total assets during the period, expressed as a percentage. Average balances for purposes of ratio calculations are based on quarter-end balances. Efficiency ratio is calculated as non-interest expense divided by the sum of net interest income and non-interest income. As presented in this slide, non-interest income consists of the sum of “Fee and other income,” “Investment gains (losses), net” and “Fair value gains (losses), net.” Calculated based on net worth divided by total assets outstanding at the end of the period. 1

Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2025 Q2 2024 $1,170 $1,127 $1,087 $993 $915 $43 $255 37,693 37,399 36,929 36,390 35,617 294 2,076 548 490 465 629 743 58 (195) 39,411 39,106 38,481 38,012 37,275 305 2,136 (103) (105) (133) (137) (130) 2 27 (32,153) (31,910) (31,166) (30,600) (29,877) (243) (2,276) (32,256) (32,015) (31,299) (30,737) (30,007) (241) (2,249) 7,155 7,001 7,182 7,275 7,268 154 (113) (946) (24) (321) 27 300 (922) (1,246) 6,209 6,977 6,861 7,302 7,568 (768) (1,359) 211 123 842 52 447 88 (236) 86 84 115 66 68 2 18 (8) 0 (10) 12 (62) (8) 54 289 207 947 130 453 82 (164) (492) (611) (497) (500) (496) 119 4 (355) (381) (450) (384) (403) 26 48 (939) (931) (949) (948) (939) (8) 0 (400) (479) (406) (411) (405) 79 5 (158) (198) (327) (136) (174) 40 16 (2,344) (2,600) (2,629) (2,379) (2,417) 256 73 4,154 4,584 5,179 5,053 5,604 (430) (1,450) (837) (923) (1,049) (1,009) (1,120) 86 283 3,317 3,661 4,130 4,044 4,484 (344) (1,167) 7 (6) (3) 3 (7) 13 14 $3,324 $3,655 $4,127 $4,047 $4,477 $(331) $(1,153) 3,317 3,661 4,130 4,044 4,484 (344) (1,167) (3,324) (3,655) (4,127) (4,047) (4,477) 331 1,153 $(7) $6 $3 $(3) $7 $(13) $(14) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 5,867 5,867 5,867 5,867 5,867 0 0 5,867 5,893 5,893 5,867 5,893 (26) (26) (a) FANNIE MAE CONDENSED CONSOLIDATED STATEMENT OF INCOME ($ and shares in millions, except per share data) Interest income: Q2 2025 Variance vs. QUARTERLY DATA Investments in securities(a) Mortgage loans Other Total interest income Interest expense: Short-term debt Long-term debt Total interest expense Net interest income (Provision) benefit for credit losses Net interest income after (provision) benefit for credit losses Fair value gains (losses), net Fee and other income Investment gains (losses), net Non-interest income Non-interest expense: Salaries and employee benefits Professional services, technology, and occupancy Average shares: Diluted Legislative assesments Credit enhancement expense Other expense, net Non-interest expense Income before federal income taxes © 2025 Fannie Mae See Notes to Condensed Consolidated Financial Statements in the Second Quarter 2025 Form 10-Q Provision for federal income taxes Includes interest income from cash and cash equivalents. Net income Other comprehensive income (loss) Total comprehensive income Net income Dividends distributed or amounts attributable to senior preferred stock Net income (loss) attributable to common stockholders EARNINGS PER SHARE DATA Net income: Diluted Basic Basic 2

Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2025 Q2 2024 $38,229 $39,352 $38,853 $38,146 $41,911 $(1,123) $(3,682) 40,323 38,445 39,958 38,626 36,402 1,878 3,921 23,753 31,769 15,975 18,065 27,650 (8,016) (3,897) 77,430 79,347 79,197 61,790 49,899 (1,917) 27,531 393 775 373 1,278 646 (382) (253) 51,905 47,425 50,053 51,455 49,196 4,480 2,709 4,076,080 4,086,508 4,095,287 4,093,581 4,087,398 (10,428) (11,318) 4,127,985 4,133,933 4,145,340 4,145,036 4,136,594 (5,948) (8,609) (8,247) (7,532) (7,707) (7,656) (8,026) (715) (221) 4,119,738 4,126,401 4,137,633 4,137,380 4,128,568 (6,663) (8,830) 4,120,131 4,127,176 4,138,006 4,138,658 4,129,214 (7,045) (9,083) 2,211 1,848 1,825 2,595 1,856 363 355 10,127 10,453 10,545 10,968 11,036 (326) (909) 11,678 11,592 11,364 11,277 11,156 86 522 14,345 13,727 14,008 14,431 14,769 618 (424) $4,338,227 $4,353,709 $4,349,731 $4,334,556 $4,323,893 $(15,482) $14,334 $11,841 $11,902 $11,585 $11,451 $11,176 $(61) $665 128,316 136,818 139,422 121,715 118,543 (8,502) 9,773 4,082,196 4,091,840 4,088,675 4,096,063 4,094,421 (9,644) (12,225) 14,238 14,837 15,392 14,797 13,270 (599) 968 $4,236,591 $4,255,397 $4,255,074 $4,244,026 $4,237,410 $(18,806) $(819) 120,836 120,836 120,836 120,836 120,836 0 0 19,130 19,130 19,130 19,130 19,130 0 0 687 687 687 687 687 0 0 (31,647) (34,964) (38,625) (42,755) (46,799) 3,317 15,152 30 23 29 32 29 7 1 (7,400) (7,400) (7,400) (7,400) (7,400) 0 0 101,636 98,312 94,657 90,530 86,483 3,324 15,153 $4,338,227 $4,353,709 $4,349,731 $4,334,556 $4,323,893 $(15,482) $14,334 FANNIE MAE CONDENSED CONSOLIDATED BALANCE SHEETS ($ in millions) ASSETS Q2 2025 Variance vs. QUARTERLY DATA Cash and cash equivalents Restricted cash and cash equivalents Securities purchased under agreements to resell Investments in securities, at fair value Mortgage loans: Loans held for sale, at lower of cost or fair value Loans held for investment, at amortized cost Of Fannie Mae Of consolidated trusts Total loans held for investment Allowance for loan losses Total loans held for investment, net of allowance Total mortgage loans Advances to lenders Deferred tax assets, net Accrued interest receivable Other assets Total assets LIABILITIES Accrued interest payable © 2025 Fannie Mae Debt Of Fannie Mae Of consolidated trusts See Notes to Condensed Consolidated Financial Statements in the Second Quarter 2025 Form 10-Q Other liabilities Total liabilities FANNIE MAE STOCKHOLDERS' EQUITY Senior preferred stock Preferred stock, 700,000,000 shares are authorized— 555,374,922 shares issued and outstanding Common stock, no par value, no maximum authorization— 1,308,762,703 shares issued and 1,158,087,567 shares outstanding Accumulated deficit Accumulated other comprehensive income Treasury stock, at cost, 150,675,136 shares Total stockholders' equity Total liabilities and stockholders' equity 3

Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 $49,997 $49,537 $49,264 $47,241 $46,802 $553 $540 $589 $643 $633 44,943 41,306 32,870 41,706 50,898 499 457 404 572 693 81,558 81,509 72,239 57,212 51,974 617 587 498 350 282 51,709 49,919 53,005 52,105 50,041 542 499 577 576 568 4,079,998 4,094,365 4,093,501 4,092,789 4,086,295 37,151 36,900 36,352 35,814 35,049 4,131,707 4,144,284 4,146,506 4,144,894 4,136,336 37,693 37,399 36,929 36,390 35,617 3,420 2,376 4,042 3,325 2,962 49 33 61 57 50 $4,311,625 $4,319,012 $4,304,921 $4,294,378 $4,288,972 $39,411 $39,016 $38,481 $38,012 $37,275 $9,735 $9,837 $11,274 $10,445 $9,996 $(103) $(105) $(133) $(137) $(130) 120,926 123,314 115,487 104,952 101,671 (1,241) (1,238) (1,155) (1,014) (921) 1,853 2,018 2,101 2,197 2,431 (50) (54) (60) (64) (69) 132,514 135,169 128,862 117,594 114,098 (1,394) (1,397) (1,348) (1,215) (1,120) 4,068,546 4,080,854 4,075,734 4,081,619 4,083,048 (30,862) (30,618) (29,951) (29,522) (28,887) $4,201,060 $4,216,023 $4,204,596 $4,199,213 $4,197,146 $(32,256) $(32,015) $(31,299) $(30,737) $(30,007) $7,155 $7,001 $7,182 $7,275 $7,268 4.42 % 4.36 % 4.78 % 5.44 % 5.41 % 4.44 % 4.43 % 4.92 % 5.49 % 5.45 % 3.03 % 2.88 % 2.76 % 2.45 % 2.17 % 4.19 % 4.00 % 4.35 % 4.42 % 4.54 % 3.64 % 3.60 % 3.55 % 3.50 % 3.43 % 3.65 % 3.61 % 3.56 % 3.51 % 3.44 % 5.73 % 5.56 % 6.04 % 6.86 % 6.75 % 3.66 % 3.61 % 3.58 % 3.54 % 3.48 % 4.23 % 4.27 % 4.72 % 5.25 % 5.20 % 4.10 % 4.02 % 4.00 % 3.86 % 3.62 % 10.79 % 10.70 % 11.42 % 11.65 % 11.35 % 4.21 % 4.13 % 4.18 % 4.13 % 3.93 % 3.03 % 3.00 % 2.94 % 2.89 % 2.83 % 3.07 % 3.04 % 2.98 % 2.93 % 2.86 % 0.66 % 0.65 % 0.67 % 0.68 % 0.68 % (a) (b) (c) FANNIE MAE AVERAGE BALANCE OF ASSETS & LIABILITIES AND ANNUALIZED YIELDS ($ in millions, except rates) AVERAGE BALANCES QUARTERLY DATA Mortgage loans of consolidated trusts Total mortgage loans(c) Advances to lenders Total interest-earning assets INTEREST-EARNING ASSETS Cash and cash equivalents(a) Securities purchased under agreements to resell Investments in securities(b) Mortgage loans: Cash and cash equivalents(a) Securities purchased under agreements to resell INTEREST INCOME / (EXPENSE) Investments in securities(b) Mortgage loans: Debt securities of consolidated trusts held by third parties Total interest-bearing liabilities Net interest income AVERAGE RATES EARNED / PAID INTEREST-EARNING ASSETS INTEREST-BEARING LIABILITIES Short-term funding debt Long-term funding debt CAS debt Total debt of Fannie Mae Mortgage loans of Fannie Mae Mortgage loans of Fannie Mae Mortgage loans of consolidated trusts Total mortgage loans(c) Advances to lenders Total interest-earning assets INTEREST-BEARING LIABILITIES Short-term funding debt Long-term funding debt CAS debt Total debt of Fannie Mae Debt securities of consolidated trusts held by third parties Total interest-bearing liabilities Net interest yield / Net interest margin © 2025 Fannie Mae Average balance includes mortgage loans on nonaccrual status. Interest income includes loan fees, which primarily consist of yield maintenance revenue we recognized on the prepayment of multifamily mortgage loans and the amortization of upfront cash fees exchanged when we acquire the mortgage loan. Consists of U.S. Treasuries not classified as cash equivalents and mortgage-related securities. Cash equivalents are composed of overnight reverse repurchase agreements and U.S. Treasuries, if any, that have a maturity at the date of acquisition of three months or less. 4

Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2025 Q2 2024 $(5,178) $(5,319) $(5,086) $(5,703) $(6,275) $141 $1,097 (707) (16) (390) 409 530 (691) (1,237) 161 189 230 231 141 (28) 20 (53) (32) (73) (23) (99) (21) 46 $(5,777) $(5,178) $(5,319) $(5,086) $(5,703) $(599) $(74) $(2,354) $(2,388) $(2,570) $(2,323) $(2,104) $34 $(250) (205) 1 77 (423) (245) (206) 40 122 61 110 224 38 61 84 (33) (28) (5) (48) (12) (5) (21) $(2,470) $(2,354) $(2,388) $(2,570) $(2,323) $(116) $(147) $(7,532) $(7,707) $(7,656) $(8,026) $(8,379) $175 $847 (912) (15) (313) (14) 285 (897) (1,197) 283 250 340 455 179 33 104 (86) (60) (78) (71) (111) (26) 25 $(8,247) $(7,532) $(7,707) $(7,656) $(8,026) $(715) $(221) 0.16 % 0.14 % 0.15 % 0.14 % 0.16 % 0.49 % 0.47 % 0.48 % 0.53 % 0.49 % 0.20 % 0.18 % 0.19 % 0.19 % 0.20 % 0.01 % 0.02 % 0.02 % 0.02 % 0.01 % 0.07 % 0.03 % 0.09 % 0.15 % 0.02 % 0.02 % 0.02 % 0.03 % 0.04 % 0.01 % 0.82 % 0.84 % 0.88 % 0.79 % 0.73 % 0.61 % 0.63 % 0.57 % 0.56 % 0.44 % 0.79 % 0.81 % 0.84 % 0.76 % 0.70 % (a) (b) (c) FANNIE MAE CREDIT-RELATED INFORMATION ($ in millions, except ratio data) Q2 2025 Variance vs. QUARTERLY DATA ALLOWANCE FOR LOAN LOSSES Single-family allowance for loan losses: Beginning balance (Provision) benefit for loan losses Write-offs Recoveries Ending balance Multifamily allowance for loan losses: Beginning balance (Provision) benefit for loan losses Write-offs Recoveries Ending balance Total allowance for loan losses: Beginning balance (Provision) benefit for loan losses Write-offs Recoveries Ending balance ALLOWANCE FOR CREDIT LOSSES / GUARANTY BOOK(a) © 2025 Fannie Mae Single-Family Multifamily Total guaranty book The nonperforming loan rate is based on the aggregate unpaid principal balance of single-family conventional, multifamily, or total loans delinquent 60 days or more as a percentage of the company's single-family conventional, multifamily or total guaranty books of business. The net charge-off rate, which consists of allowance for loan losses, allowance for accrued interest receivable and reserve for guaranty losses, is based on annualized write-offs, net of recoveries, for single-family, multifamily, or total, where write-offs are when a loan is determined to be uncollectible or upon the redesignation of single-family mortgage loans from held for investment to held for sale, as a percentage of the average aggregate unpaid principal balance of the single-family conventional, multifamily, or total guaranty books of business during the period. For additional information, refer to “MD&A—Consolidated Credit Ratios and Select Credit Information” in the company's applicable Form 10-Q and Form 10-K filings. The company's single-family, multifamily or total allowance for credit losses as a percentage of the company's single-family conventional, multifamily or total guaranty books of business. Multifamily allowance for credit losses excludes the expected benefit of freestanding credit enhancements on multifamily loans, which are recorded in “Other assets” in the company's consolidated balance sheets. For additional information, refer to “MD&A—Consolidated Credit Ratios and Select Credit Information” in the company’s applicable Form 10-Q and Form 10-K filings. NET CHARGE-OFF RATIOS(b) Single-Family Multifamily Total guaranty book NONPERFORMING LOANS(c) Single-Family Multifamily Total guaranty book 5

Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2025 Q2 2024 $(11) $(15) $(18) $(23) $(26) $4 $15 (48) (52) (56) (60) (65) 4 17 (29) (33) (37) (41) (45) 4 16 (29) (33) (37) (41) (45) 4 16 1,312 1,333 1,364 1,331 1,275 (21) 37 (0.8)% (1.1)% (1.3)% (1.7)% (2.0)% 0.3 % 1.2 % (3.7)% (3.9)% (4.1)% (4.5)% (5.1)% 0.2 % 1.4 % (2.2)% (2.5)% (2.7)% (3.1)% (3.5)% 0.3 % 1.3 % (2.2)% (2.5)% (2.7)% (3.1)% (3.5)% 0.3 % 1.3 % $(19) $(23) $(26) $(30) $(34) $4 $15 (29) (33) (37) (41) (45) 4 16 4,446 4,462 4,460 4,446 4,439 (16) 7 (0.4)% (0.5)% (0.6)% (0.7)% (0.8)% 0.1 % 0.4 % (0.7)% (0.7)% (0.8)% (0.9)% (1.0)% 0.0 % 0.3 % $(52,107) $(55,854) $(60,404) $(64,519) $(69,485) $3,747 $17,378 3,317 3,661 4,130 4,044 4,484 (344) (1,167) 7 (6) (3) 3 (7) 13 14 (326) (92) (423) (68) (489) (234) 163 3,650 3,747 4,550 4,115 4,966 (97) (1,316) $(48,457) $(52,107) $(55,854) $(60,404) $(64,519) $3,650 $16,062 (a) (b) FANNIE MAE REGULATORY CAPITAL ($ in billions, except ratio data) Risk-based capital metrics AVAILABLE CAPITAL (DEFICIT)(a) QUARTERLY DATA Q2 2025 Variance vs. Total capital (statutory) CET1 capital Standardized Tier 1 capital Adjusted total capital Risk-weighted assets Total capital (statutory) ratio CET1 capital ratio Tier 1 capital ratio Adjusted total capital ratio Leverage-based capital metrics Core capital (statutory) Tier 1 capital Adjusted total assets Core capital (statutory) ratio Tier 1 capital ratio Memo: CET1 CAPITAL ROLLFORWARD ($ in millions) Standardized CET1 capital beginning balance Represents changes in deferred tax assets arising from temporary differences that exceed 10% of common equity tier 1 capital and other regulatory adjustments. Standardized CET1 capital, ending balance © 2025 Fannie Mae Net income Changes in accumulated other comprehensive income (loss), net of taxes Less: Changes in deferred tax assets(b) Changes in standardized CET1 capital Negative capital amounts and ratios indiciate capital deficits. 6

Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2025 Q2 2024 $5,992 $5,866 $6,029 $6,131 $6,096 $126 $(104) 69 65 91 48 51 4 18 6,061 5,931 6,120 6,179 6,147 130 (86) (737) (24) (396) 451 548 (713) (1,285) 197 82 815 (8) 454 115 (257) (8) 2 (5) 9 (70) (10) 62 (687) (812) (776) (732) (750) 125 63 (918) (920) (934) (936) (929) 2 11 (318) (407) (327) (336) (333) 89 15 (143) (174) (172) (223) (229) 31 86 (2,066) (2,313) (2,209) (2,227) (2,241) 247 175 3,447 3,678 4,325 4,404 4,838 (231) (1,391) (711) (760) (871) (890) (983) 49 272 $2,736 $2,918 $3,454 $3,514 $3,855 $(182) $(1,119) $3,597 $3,610 $3,622 $3,626 $3,625 48.3 48.1 47.9 47.7 47.6 $874 $862 $850 $875 $870 458 421 419 425 432 30 31 45 46 47 39 % 37 % 36 % 37 % 37 % 0.53 % 0.56 % 0.56 % 0.52 % 0.48 % 5 5 6 6 7 $2.7 $3.6 $2.7 $2.3 $2.8 3.5 2.7 2.3 2.4 2.5 0.3 0.2 0.2 0.2 0.2 $6.5 $6.5 $5.2 $4.9 $5.5 25.8 27.0 22.2 21.0 22.8 (a) (b) (c) (d) (e) (f) (g) (h) FANNIE MAE SEGMENT RESULTS - SINGLE-FAMILY SELECTED FINANCIAL DATA SELECTED SINGLE-FAMILY INCOME STATEMENT DATA ($ in millions) Net interest income Q2 2025 Variance vs. QUARTERLY DATA Fee and other income Net revenues (Provision) benefit for credit losses Fair value gains (losses), net Investment gains (losses), net Non-interest expense Administrative expenses Provision for federal income taxes Net income SELECTED SINGLE-FAMILY HIGHLIGHTS Average Conventional Guaranty Book of Business ($ in billions)(a) Legislative expenses Credit enhancement expense Other expense, net Total non-interest expense Income before federal income taxes Average Charged Guaranty Fee on Conventional Book of Business, net of TCCA fees (bps)(b) SINGLE-FAMILY CREDIT RISK TRANSFER ($ in billions) UPB outstanding of single-family loans in a Connecticut Avenue Securities transaction(c) UPB outstanding of single-family loans in a CIRT transaction(d) UPB outstanding of single-family loans in other CRT transactions Percentage of single-family conventional guaranty book of business covered by a CRT transaction(e) Represents, on an annualized basis, the average of the base guaranty fees charged weighted by unpaid principal balance during the period for the company's single-family conventional guaranty arrangements plus the recognition of any upfront cash payments relating to these guaranty arrangements based on an estimated average life at the time of acquisition (in basis points). Excludes the impact of TCCA. Single-family conventional loan population consists of: (a) single-family conventional mortgage loans of Fannie Mae and (b) single-family conventional mortgage loans underlying Fannie Mae MBS other than loans underlying Freddie Mac securities that Fannie Mae has resecuritized. It excludes non-Fannie Mae single-family mortgage-related securities held in the retained mortgage portfolio for which Fannie Mae does not provide a guaranty. Conventional refers to mortgage loans and mortgage-related securities that are not guaranteed or insured, in whole or in part, by the U.S. government or one of its agencies. SINGLE-FAMILY PROBLEM LOAN STATISTICS Serious delinquency rate(f) REO Ending Inventory (in thousands) Single-Family Loan Workouts ($ in billions)(g) Payment Deferrals Modifications Other(h) Total Loan Workouts Number of Loan Workouts (in thousands) © 2025 Fannie Mae Outstanding unpaid principal balance represents the underlying loan balance, which is different from the reference pool balance for CAS and some lender risk-sharing transactions. Includes mortgage pool insurance transactions. Single-family serious delinquency (“SDQ”) rate refers to single-family loans that are 90 days or more past due or in the foreclosure process, expressed as a percentage of the company’s single-family conventional guaranty book of business, based on loan count. Based on the unpaid principal balance of the single-family conventional guaranty book of business as of period end. Includes repayment plans and foreclosure alternatives. Repayment plans reflect only those plans associated with loans that were 60 days or more delinquent. This does not include loans in an active forbearance arrangement, trial modifications, and repayment plans that have been initiated but not completed. 7

Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2025 Q2 2024 $64 $50 $62 $80 $75 $14 $(11) 20 14 23 13 11 6 9 $84 $64 $85 $93 $86 $20 $(2) 77 % 77 % 76 % 77 % 78 % 6 % 6 % 6 % 7 % 7 % 757 757 758 759 759 7 % 6 % 5 % 5 % 5 % 37 % 38 % 35 % 37 % 37 % 98 % 99 % 100 % 99 % 99 % 94 % 94 % 94 % 93 % 93 % 6 % 6 % 6 % 7 % 7 % Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 76 % 78 % 74 % 86 % 87 % 12 % 12 % 10 % 8 % 9 % 12 % 10 % 16 % 6 % 4 % (a) (b) (c) (d) FANNIE MAE SEGMENT RESULTS - SINGLE-FAMILY CONVENTIONAL LOAN ACQUISITIONS ($ in billions) SELECTED SINGLE-FAMILY CONVENTIONAL LOAN ACQUISITION DATA(a) Conventional Loan Acquisition by Purpose Q2 2025 Variance vs. QUARTERLY DATA Purchase Refinance Total Conventional Loan Acquisitions Conventional Loan Credit Characteristics (by acquisition period) Weighted Average Origination Loan-to-Value (“LTV”) Ratio Origination LTV Ratio >95% Weighted-Average FICO Credit Score(b) FICO Credit Score <680(b) Debt-to-Income (“DTI”) Ratio >43%(c) Fixed-rate Primary Residence HomeReady(d) FICO credit score is as of loan origination, as reported by the seller of the mortgage loan. Excludes loans for which this information is not readily available. From time to time, the company revises its guidelines for determining a borrower's DTI ratio. The amount of income reported by a borrower and used to qualify for a mortgage may not represent the borrower's total income; therefore, the DTI ratios reported may be higher than borrowers' actual DTI ratios. Refers to HomeReady® mortgage loans, a low down payment mortgage product offered by the company that is designed for creditworthy low-income borrowers. HomeReady allows up to 97% loan-to-value ratio financing for home purchases. The company offers additional low down payment mortgage products that are not HomeReady loans; therefore, this category is not representative of all high LTV ratio single-family loans acquired or in the single-family conventional guaranty book of business for the periods shown. See the “OLTV Ratio > 95%” category for information on the single-family loans acquired or in the single-family conventional guaranty book of business with original LTV ratios greater than 95%. © 2025 Fannie Mae ACQUISITION BY LOAN PURPOSE Purchase Other refinance Cash-out refinance Single-family conventional loan population consists of: (a) single-family conventional mortgage loans of Fannie Mae and (b) single-family conventional mortgage loans underlying Fannie Mae MBS other than loans underlying Freddie Mac securities that Fannie Mae has resecuritized. It excludes non-Fannie Mae single-family mortgage-related securities held in the retained mortgage portfolio for which Fannie Mae does not provide a guaranty. Conventional refers to mortgage loans and mortgage-related securities that are not guaranteed or insured, in whole or in part, by the U.S. government or one of its agencies. 8

2025 2024 2023 2022 2020 - 2021 2019 -2009 2008 & Earlier Overall Book $118.9 $298.0 $248.4 $436.3 $1,730.6 $707.2 $52.1 $3,591.5 $329,667 $320,169 $302,997 $280,972 $240,088 $127,694 $73,083 $209,744 3 % 8 % 7 % 12 % 48 % 20 % 2 % 100 % 38 % 65 % 78 % 65 % 42 % 36 % 8 % 47 % 0.01 % 0.26 % 0.60 % 0.88 % 0.36 % 0.59 % 1.63 % 0.53 % 0 % 3 % 5 % 15 % 28 % 36 % 13 % 100 % 77 % 78 % 79 % 76 % 70 % 75 % 75 % 74 % 6 % 7 % 7 % 6 % 3 % 8 % 9 % 5 % 76 % 73 % 70 % 63 % 46 % 31 % 27 % 50 % 756 757 755 747 758 746 695 753 7 % 5 % 5 % 9 % 5 % 11 % 39 % 7 % 6.7 % 6.6 % 6.6 % 4.7 % 3.0 % 4.1 % 5.6 % 4.1 % Q2 2025 2024 2023 2022 2021 50 % 50 % 51 % 52 % 54 % 753 753 753 752 753 (a) (b) (c) (d) (e) (f) (g) SEGMENT RESULTS - SINGLE-FAMILY CONVENTIONAL GUARANTY BOOK OF BUSINESS FANNIE MAE SELECTED CREDIT CHARACTERISTICS OF SINGLE-FAMILY CONVENTIONAL GUARANTY BOOK OF BUSINESS(a)(b) BY ORIGINATION YEAR Total UPB ($ in billions) Average UPB Share of SF Conventional Guaranty Book Share of Loans with Credit Enhancement(c) Serious Delinquency Rate (by loan count)(d) Share of Seriously Delinquent Loan Population(e) Weighted-Average OLTV Ratio OLTV Ratio >95% Weighted-Average Mark-to-Market LTV Ratio(f) Weighted-Average FICO Credit Score(g) FICO Credit Score <680(g) Weighted-Average Borrower Interest Rate Single-Family Conventional Guaranty Book of Business Credit Characteristics Single-Family Weighted-Average Mark-to-Market Loan-to-Value Ratio Weighted-Average FICO Credit Score FICO credit score is as of loan origination, as reported by the seller of the mortgage loan. © 2025 Fannie Mae Calculated based on the aggregate unpaid principal balance of single-family loans for each category divided by the aggregate unpaid principal balance of loans in the single-family conventional guaranty book of business. Loans with multiple product features are included in all applicable categories. Single-family conventional loan population consists of: (a) single-family conventional mortgage loans of Fannie Mae and (b) single-family conventional mortgage loans underlying Fannie Mae MBS other than loans underlying Freddie Mac securities that Fannie Mae has resecuritized. It excludes non-Fannie Mae single-family mortgage-related securities held in the retained mortgage portfolio for which Fannie Mae does not provide a guaranty. Conventional refers to mortgage loans and mortgage-related securities that are not guaranteed or insured, in whole or in part, by the U.S. government or one of its agencies. Percentage of loans in the single-family conventional guaranty book of business, measured by unpaid principal balance, included in an agreement used to reduce credit risk by requiring collateral, letters of credit, mortgage insurance, corporate guarantees, inclusion in a credit risk transfer transaction reference pool, or other agreement that provides for Fannie Mae's compensation to some degree in the event of a financial loss relating to the loan. Single-family serious delinquency (“SDQ”) rate refers to single-family loans that are 90 days or more past due or in the foreclosure process, expressed as a percentage of the company’s single-family conventional guaranty book of business, based on loan count. Single-family SDQ rate for loans in a particular category refers to SDQ loans in the applicable category, divided by the number of loans in the single-family conventional guaranty book of business in that category. The average estimated mark-to-market LTV ratio is based on the unpaid principal balance of the loan divided by the estimated current value of the property at period end, which the company calculates using an internal valuation model that estimates periodic changes in home value. Excludes loans for which this information is not readily available. Calculated based on the number of single-family loans that were seriously delinquent for each category divided by the total number of single-family conventional loans that were seriously delinquent. 9

OLTV Ratio > 95% Home Ready(g) FICO Credit Score < 680(f) DTI Ratio > 43%(h) $184.5 $130.9 $262.8 $957.4 $184,075 $183,624 $161,714 $237,958 5 % 4 % 7 % 27 % 85 % 79 % 41 % 54 % 1.16 % 0.97 % 1.92 % 0.82 % 13 % 8 % 34 % 36 % 100 % 87 % 74 % 76 % 100 % 32 % 6 % 6 % 67 % 64 % 47 % 54 % 740 745 653 744 9 % 8 % 100 % 9 % 4.7 % 4.6 % 4.5 % 4.5 % (a) (b) (c) (d) (e) (f) (g) (h) FANNIE MAE SEGMENT RESULTS - SINGLE-FAMILY CONVENTIONAL GUARANTY BOOK OF BUSINESS SELECTED CREDIT CHARACTERISTICS OF SINGLE-FAMILY CONVENTIONAL GUARANTY BOOK OF BUSINESS(a) BY LOAN FEATURE Share of Loans with Credit Enhancement(b) Share of SF Conventional Guaranty Book Total UPB ($ in billions) Average UPB Serious Delinquency Rate (by loan count)(c) Share of Seriously Delinquent Loan Population(d) Weighted-Average OLTV Ratio OLTV Ratio >95% FICO Credit Score <680(f) Weighted-Average Borrower Interest Rate Weighted-Average FICO Credit Score(f) Weighted-Average Mark-to-Market LTV Ratio(e) Percentage of loans in the single-family conventional guaranty book of business, measured by unpaid principal balance, included in an agreement used to reduce credit risk by requiring collateral, letters of credit, mortgage insurance, corporate guarantees, inclusion in a credit risk transfer transaction reference pool, or other agreement that provides for Fannie Mae's compensation to some degree in the event of a financial loss relating to the loan. Single-family serious delinquency (“SDQ”) rate refers to single-family loans that are 90 days or more past due or in the foreclosure process, expressed as a percentage of the company’s single-family conventional guaranty book of business, based on loan count. Single-family SDQ rate for loans in a particular category refers to SDQ loans in the applicable category, divided by the number of loans in the single-family conventional guaranty book of business in that category. Single-family conventional loan population consists of: (a) single-family conventional mortgage loans of Fannie Mae and (b) single-family conventional mortgage loans underlying Fannie Mae MBS other than loans underlying Freddie Mac securities that Fannie Mae has resecuritized. It excludes non-Fannie Mae single-family mortgage-related securities held in the retained mortgage portfolio for which Fannie Mae does not provide a guaranty. Conventional refers to mortgage loans and mortgage-related securities that are not guaranteed or insured, in whole or in part, by the U.S. government or one of its agencies. Calculated based on the number of single-family loans that were seriously delinquent for each category divided by the total number of single-family conventional loans that were seriously delinquent. © 2025 Fannie Mae Refers to HomeReady® mortgage loans, a low down payment mortgage product offered by the company that is designed for creditworthy low-income borrowers. HomeReady allows up to 97% loan-to-value ratio financing for home purchases. The company offers additional low down payment mortgage products that are not HomeReady loans; therefore, this category is not representative of all high LTV ratio single-family loans acquired or in the single-family conventional guaranty book of business for the periods shown. See the “OLTV Ratio > 95%” category for information on the single-family loans acquired or in the single-family conventional guaranty book of business with original LTV ratios greater than 95%. Excludes loans for which this information is not readily available. From time to time, the company revises its guidelines for determining a borrower's DTI ratio. The amount of income reported by a borrower and used to qualify for a mortgage may not represent the borrower's total income; therefore, the DTI ratios reported may be higher than borrowers' actual DTI ratios. The average estimated mark-to-market LTV ratio is based on the unpaid principal balance of the loan divided by the estimated current value of the property at period end, which the company calculates using an internal valuation model that estimates periodic changes in home value. Excludes loans for which this information is not readily available. FICO credit score is as of loan origination, as reported by the seller of the mortgage loan. 10

Origination Year Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 Year 11 Year 12 Year 13 Year 14 Year 15 Year 16 Year 17 2009 0.01 % 0.09 % 0.26 % 0.45 % 0.59 % 0.70 % 0.78 % 0.84 % 0.88 % 0.90 % 0.92 % 0.93 % 0.94 % 0.95 % 0.95 % 0.96 % 0.96 % 2010 0.01 % 0.11 % 0.26 % 0.40 % 0.50 % 0.58 % 0.64 % 0.67 % 0.70 % 0.72 % 0.73 % 0.74 % 0.74 % 0.75 % 0.76 % 0.76 % 2011 0.01 % 0.09 % 0.19 % 0.27 % 0.34 % 0.40 % 0.44 % 0.46 % 0.49 % 0.50 % 0.50 % 0.51 % 0.52 % 0.52 % 0.53 % 2012 0.02 % 0.11 % 0.21 % 0.31 % 0.39 % 0.44 % 0.47 % 0.50 % 0.52 % 0.53 % 0.54 % 0.55 % 0.56 % 0.56 % 2013 0.02 % 0.09 % 0.21 % 0.32 % 0.40 % 0.45 % 0.51 % 0.54 % 0.55 % 0.57 % 0.59 % 0.60 % 0.61 % 2014 0.01 % 0.06 % 0.15 % 0.22 % 0.28 % 0.34 % 0.37 % 0.39 % 0.42 % 0.44 % 0.45 % 0.46 % 2015 0.00 % 0.03 % 0.07 % 0.10 % 0.14 % 0.17 % 0.18 % 0.20 % 0.22 % 0.23 % 0.23 % 2016 0.00 % 0.02 % 0.04 % 0.07 % 0.09 % 0.10 % 0.12 % 0.14 % 0.15 % 0.15 % 2017 0.00 % 0.01 % 0.05 % 0.07 % 0.09 % 0.12 % 0.15 % 0.17 % 0.17 % 2018 0.00 % 0.02 % 0.04 % 0.06 % 0.09 % 0.12 % 0.15 % 0.16 % 2019 0.00 % 0.00 % 0.01 % 0.02 % 0.04 % 0.06 % 0.07 % 2020 0.00 % 0.00 % 0.00 % 0.01 % 0.02 % 0.03 % 2021 0.00 % 0.00 % 0.01 % 0.03 % 0.04 % 2022 0.00 % 0.01 % 0.05 % 0.09 % 2023 0.00 % 0.01 % 0.03 % 2024 0.00 % 0.00 % 2025 0.00 % Origination Year 2009 2010 2011 2012 2013 2014 2015 (a) FANNIE MAE SEGMENT RESULTS - SINGLE-FAMILY CUMULATIVE DEFAULT RATES BY ORIGINATION YEAR(a) 0.4 % 0.6 % © 2025 Fannie Mae 0.7 % 2.4 % Percentage of outstanding UPB as of Q2 2025 CUMULATIVE DEFAULT RATES BY ORGINATION YEAR Defaults include loan foreclosures, short sales, sales to third parties at the time of foreclosure and deeds-in-lieu of foreclosure. Cumulative Default Rate is the total number of single-family conventional loans in the guaranty book of business originated in the identified year that have defaulted, divided by the total number of single-family conventional loans in the guaranty book of business originated in the identified year. Data as of June 30, 2025 is not necessarily indicative of the ultimate performance of the loans and performance may change, perhaps materially, in future periods. Loans originated prior to 2009 are excluded as they represent only 1% of the single-family conventional guaranty book of business as of June 30, 2025. 2.2 % 1.0 % 1.8 % 11

Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2025 Q2 2024 $1,163 $1,135 $1,153 $1,144 $1,172 $28 $(9) 17 19 24 18 17 (2) 0 1,180 1,154 1,177 1,162 1,189 26 (9) (209) 0 75 (424) (248) (209) 39 14 41 27 60 (7) (27) 21 0 (2) (5) 3 8 2 (8) (160) (180) (171) (152) (149) 20 (11) (21) (11) (15) (12) (10) (10) (11) (82) (72) (79) (75) (72) (10) (10) (15) (24) (155) 87 55 9 (70) (278) (287) (420) (152) (176) 9 (102) 707 906 854 649 766 (199) (59) (126) (163) (178) (119) (137) 37 11 $581 $743 $676 $530 $629 $(162) $(48) $17.4 $11.8 $22.5 $13.2 $9.3 $5.6 $8.1 510.8 504.5 499.7 485.6 480.1 6.3 30.7 73.3 74.1 74.4 75.1 75.5 (0.8) (2.2) $109,381 $111,249 $101,181 $102,961 $99,190 $(1,868) $10,191 69,114 55,894 56,142 56,683 48,198 13,220 20,916 35 % 33 % 31 % 33 % 31 % 2 % 4 % 0.61 % 0.63 % 0.57 % 0.56 % 0.44 % 6 % 6 % 7 % 7 % 7 % 176 148 139 128 96 (a) (b) (c) FANNIE MAE SEGMENT RESULTS - MULTIFAMILY SELECTED FINANCIAL DATA SELECTED MULTIFAMILY INCOME STATEMENT DATA ($ in millions) Net interest income Q2 2025 Variance vs. QUARTERLY DATA Fee and other income Net revenues (Provision) benefit for credit losses Fair value gains (losses), net Investment gains (losses), net Non-interest expense Administrative expenses Provision for federal income taxes Net income SELECTED MULTIFAMILY GUARANTY BOOK OF BUSINESS DATA ($ in billions) New business volume Legislative assessments Credit enhancement expense Other income (expense), net Total non-interest expense Income before federal income taxes UPB outstanding of guaranty book of business(a) Average charged guaranty fee (in bps) at period end MULTIFAMILY CREDIT RISK TRANSFER ($ in millions) UPB outstanding of multifamily loans in a mulltifamily CIRT transaction UPB outstanding of multifamily loans in a mulltifamily Connecticut Avenue Securities transaction Percentage of multifamily guaranty book in a multifamily CRT transaction MULTIFAMILY PROBLEM LOAN STATISTICS Serious delinquency rate(b) Percent criticized(c) REO ending inventory © 2025 Fannie Mae Criticized loans represent loans classified as “Special Mention,” “Substandard” or “Doubtful.” Loans classified as “Special Mention” refers to loans that are otherwise performing but have potential weaknesses that, if left uncorrected, may result in deterioration in the borrower’s ability to repay in full. Loans classified as “Substandard” have a well-defined weakness that jeopardizes the timely full repayment. “Doubtful” refers to a loan with a weakness that makes collection or liquidation in full highly questionable and improbable based on existing conditions and values. Multifamily serious delinquency rate refers to multifamily loans that are 60 days or more past due, expressed as a percentage of the company’s multifamily guaranty book of business, based on unpaid principal balance. The multifamily guaranty book of business consists of: (a) multifamily mortgage loans of Fannie Mae; (b) multifamily mortgage loans underlying Fannie Mae MBS; and (c) other credit enhancements that the company provided on multifamily mortgage assets. It excludes non-Fannie Mae multifamily mortgage-related securities held in the retained mortgage portfolio for which Fannie Mae does not provide a guaranty. 12

1H2025 2024 2023 2022 2021 $29.2 $55.1 $52.9 $69.2 $69.5 62 % 62 % 59 % 59 % 65 % 1,470 2,602 2,812 3,572 4,203 99 % 99 % 100 % 100 % 100 % 99 % 99 % 99 % 99 % 99 % 61 % 61 % 63 % 53 % 40 % 59 % 59 % 57 % 56 % 59 % 66 % 66 % 63 % 63 % 68 % 30 % 31 % 32 % 39 % 50 % 88 % 89 % 93 % 86 % 72 % 12 % 11 % 6 % 14 % 27 % 0 % 1 % 1 % 0 % 1 % 99 % 100 % 99 % 78 % 89 % 1 % 0 % 1 % 22 % 11 % 1H2025 $2.12 1.21 1.20 1.16 1.12 1.01 1.00 0.76 0.66 0.62 $10.86 37.2 % (a) (b) (c) (d) FANNIE MAE SEGMENT RESULTS - MULTIFAMILY LOAN ACQUISITIONS SELECTED MULTIFAMILY LOAN ACQUISITION DATA(a) Total UPB ($ in billions) BY ACQUISITION PERIOD Weighted-Average OLTV Ratio Loan Count % Lender Recourse(b) % DUS(c) % Full Interest-Only Weighted-Average OLTV Ratio on Full Interest-Only Acquisitions % Partial Interest-Only(d) Weighted-Average OLTV Ratio on Non-Full Interest-Only Acquisitions Original Loan-to-Value Ratio less than or equal to 70% Original Loan-to-Value Ratio greater than 70% and less than or equal to 80% Original Loan-to-Value Ratio greater than 80% ACQUISITION BY NOTE TYPE Fixed Variable-rate TOP 10 METROPOLITAN STATISTICAL AREAS BY 1H2025 ACQUISITION UPB ($ in billions) Los Angeles New York Chicago Washington DC Boston Dallas Seattle Philadelphia Denver Phoenix Share of Acquisitions Total Top 10 UPB © 2025 Fannie Mae Includes any loan that was underwritten with an interest-only term less than the term of the loan, regardless of whether it is currently in its interest-only period. Under the Delegated Underwriting and Servicing (“DUS”) program, Fannie Mae acquires individual, newly originated mortgages from specially approved DUS lenders using DUS underwriting standards and/or DUS loan documents. Because DUS lenders generally share the risk of loss with Fannie Mae, they are able to originate, underwrite, close and service most loans without a pre-review by the company. Represents the percentage of the company's multifamily guaranty book of business with lender risk-sharing agreements in place, measured by unpaid principal balance. The multifamily guaranty book of business consists of: (a) multifamily mortgage loans of Fannie Mae; (b) multifamily mortgage loans underlying Fannie Mae MBS; and (c) other credit enhancements that the company provided on multifamily mortgage assets. It excludes non-Fannie Mae multifamily mortgage-related securities held in the retained mortgage portfolio for which Fannie Mae does not provide a guaranty. 13

2025 2024 2023 2022 2021 2020 - 2017 2016 & Earlier Overall Book $29.2 $55.0 $52.0 $64.7 $64.3 $203.5 $42.1 $510.8 6 % 11 % 10 % 13 % 13 % 40 % 8 % 100 % 1,470 2,594 2,762 3,381 3,868 11,621 4,263 29,959 $20 $21 $19 $19 $17 $18 $10 $17 62 % 62 % 59 % 59 % 64 % 65 % 66 % 63 % 1.6 1.6 1.5 1.7 2.4 2.2 2.1 2.0 0 % 1 % 5 % 12 % 4 % 4 % 5 % 5 % 99 % 100 % 99 % 82 % 93 % 95 % 88 % 94 % 61 % 62 % 63 % 54 % 41 % 38 % 29 % 46 % 30 % 31 % 32 % 38 % 50 % 51 % 46 % 44 % 35 % 34 % 40 % 38 % 44 % 46 % 69 % 46 % 0.00 % 0.05 % 0.83 % 1.44 % 0.48 % 0.55 % 0.71 % 0.61 % 0 % 2 % 6 % 14 % 5 % 6 % 5 % 6 % As of June 30, 2025 $4.2 28.6 29.6 53.9 215.8 134.2 44.5 $510.8 (a) (b) (c) (d) (e) (f) FANNIE MAE SEGMENT RESULTS - MULTIFAMILY GUARANTY BOOK OF BUSINESS SELECTED CREDIT CHARACTERISTICS OF MULTIFAMILY GUARANTY BOOK OF BUSINESS(a) Total UPB ($ in billions) ACQUISITION YEAR % of Multifamily Guaranty Book Loan Count Average UPB ($ in millions) Weighted-Average OLTV Ratio Weighted-Average DSCR(b) % with DSCR Below 1.0(b) % Fixed Rate % Full Interest-Only % Partial Interest-Only(c) % Small Balance Loans(d) Serious Delinquency Rate(e) % Criticized(f) 2025 UPB BY MATURITY YEAR ($ in billions)(a) 2026 2027 2029 - 2031 2028 Other 2032 - 2034 Total The multifamily guaranty book of business consists of: (a) multifamily mortgage loans of Fannie Mae; (b) multifamily mortgage loans underlying Fannie Mae MBS; and (c) other credit enhancements that the company provided on multifamily mortgage assets. It excludes non-Fannie Mae multifamily mortgage-related securities held in the retained mortgage portfolio for which Fannie Mae does not provide a guaranty. © 2025 Fannie Mae Includes any loan that was underwritten with an interest-only term less than the term of the loan, regardless of whether it is currently in its interest-only period. Estimates of current DSCRs are based on the latest available income information covering a 12 month period, from quarterly and annual statements for these properties including the related debt service. When an annual statement is the latest statement available, it is used. When operating statement information is not available, the underwritten DSCR is used. Co-op loans are excluded from this metric. Multifamily serious delinquency rate refers to multifamily loans that are 60 days or more past due, expressed as a percentage of the company’s multifamily guaranty book of business, based on unpaid principal balance. Multifamily serious delinquency rate for loans in a particular category (such as acquisition year, asset class or targeted affordable segment), refers to seriously delinquent loans in the applicable category, divided by the unpaid principal balance of the loans in the multifamily guaranty book of business in that category. Small balance loans refer to multifamily loans with an original unpaid principal balance of up to $9 million. Small balance loans are included within the asset class categories referenced above. The company presents this metric in the table based on loan count rather than unpaid principal balance. Small balance loans comprised 10% of the company's multifamily guaranty book of business as of June 30, 2025, based on the unpaid principal balance of the loans. Criticized loans represent loans classified as “Special Mention,” “Substandard” or “Doubtful.” Loans classified as “Special Mention” refers to loans that are otherwise performing but have potential weaknesses that, if left uncorrected, may result in deterioration in the borrower’s ability to repay in full. Loans classified as “Substandard” have a well-defined weakness that jeopardizes the timely full repayment. “Doubtful” refers to a loan with a weakness that makes collection or liquidation in full highly questionable and improbable based on existing conditions and values. 14

Conventional / Co-op(g) Seniors Housing(g) Student Housing(g) Manufactured Housing(g) Affordable(g) $463.6 $12.5 $12.4 $22.3 $62.6 91 % 3 % 2 % 4 % 12 % 27,072 439 458 1,990 4,117 $17.1 $28.5 $27.0 $11.2 $15.2 63 % 64 % 65 % 60 % 67 % 2.0 1.6 1.8 2.2 1.8 5 % 18 % 5 % 2 % 7 % 94 % 77 % 85 % 94 % 90 % 47 % 17 % 35 % 42 % 30 % 42 % 62 % 59 % 46 % 45 % 45 % 21 % 38 % 66 % 51 % 0.58 % 1.87 % 1.20 % 0.14 % 0.32 % 6 % 23 % 6 % 3 % 9 % (a) (b) (c) (d) (e) (f) (g) FANNIE MAE SEGMENT RESULTS - MULTIFAMILY GUARANTY BOOK OF BUSINESS SELECTED CREDIT CHARACTERISTICS OF MULTIFAMILY GUARANTY BOOK OF BUSINESS(a) Total UPB ($ in billions) BY ASSET CLASS / TARGETED AFFORDABLE SEGMENT % of Multifamily Guaranty Book Loan Count Average UPB ($ in millions) Weighted-Average OLTV Ratio Weighted-Average DSCR(b) % with DSCR Below 1.0(b) % Fixed Rate % Full Interest-Only % Partial Interest-Only(c) % Small Balance Loans(d) Serious Delinquency Rate(e) % Criticized(f) The multifamily guaranty book of business consists of: (a) multifamily mortgage loans of Fannie Mae; (b) multifamily mortgage loans underlying Fannie Mae MBS; and (c) other credit enhancements that the company provided on multifamily mortgage assets. It excludes non-Fannie Mae multifamily mortgage-related securities held in the retained mortgage portfolio for which Fannie Mae does not provide a guaranty. Estimates of current DSCRs are based on the latest available income information covering a 12 month period, from quarterly and annual statements for these properties including the related debt service. When an annual statement is the latest statement available, it is used. When operating statement information is not available, the underwritten DSCR is used. Co-op loans are excluded from this metric. Includes any loan that was underwritten with an interest-only term less than the term of the loan, regardless of whether it is currently in its interest-only period. © 2025 Fannie Mae See https://multifamily.fanniemae.com/financing-options for definitions. Loans with multiple product features are included in all applicable categories. Criticized loans represent loans classified as “Special Mention,” “Substandard” or “Doubtful.” Loans classified as “Special Mention” refers to loans that are otherwise performing but have potential weaknesses that, if left uncorrected, may result in deterioration in the borrower’s ability to repay in full. Loans classified as “Substandard” have a well-defined weakness that jeopardizes the timely full repayment. “Doubtful” refers to a loan with a weakness that makes collection or liquidation in full highly questionable and improbable based on existing conditions and values. Small balance loans refer to multifamily loans with an original unpaid principal balance of up to $9 million. Small balance loans are included within the asset class categories referenced above. The company presents this metric in the table based on loan count rather than unpaid principal balance. Multifamily serious delinquency rate refers to multifamily loans that are 60 days or more past due, expressed as a percentage of the company’s multifamily guaranty book of business, based on unpaid principal balance. Multifamily serious delinquency rate for loans in a particular category (such as acquisition year, asset class or targeted affordable segment), refers to seriously delinquent loans in the applicable category, divided by the unpaid principal balance of the loans in the multifamily guaranty book of business in that category. 15

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.0 %* 0.0 %* 0.0 %* 0.1 % 1.2 % 0.3 % 0.2 % 0.3 % 0.1 % 0.1 % 0.1 % 0.1 % 0.3 % 0.2 % 0.0 %* 0.0 %* 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 222 260 128 118 62 12 13 11 16 12 14 31 28 61 139 176 * Represents less than 0.05% of cumulative total credit loss rate, net by acquisition year. (a) ACQUISITION YEAR Cumulative Total Credit Loss Rate, Net by Acquisition Year through June 2025(a) FANNIE MAE SEGMENT RESULTS - MULTIFAMILY PROBLEM LOAN STATISTICS REO Ending Inventory © 2025 Fannie Mae Cumulative net credit loss rate is the cumulative net credit losses through June 30, 2025 on the multifamily loans that were acquired in the applicable period, as a percentage of the total acquired unpaid principal balance of multifamily loans that were acquired in the applicable period. Net credit losses include expected benefit of freestanding loss-sharing arrangements, primarily multifamily DUS lender risk-sharing transactions. Credit loss rate for 2014 acquisitions was primarily driven by the write-off of a seniors housing portfolio in 2023. AS OF PERIOD END 16