Dedicated to building better loan quality

Q2 2025 Single-Family Loan Acquisition & Repurchase Trend Report 
Through June 30, 2025, for loans acquired by Fannie Mae between Q3 2023 and Q2 2024

Published: August 25, 2025

Important Information & Disclaimer

Fannie Mae Single-Family Loan Acquisition & Repurchase Trend Report

As part of ongoing efforts to provide transparency on our single-family loan quality and repurchase activity, Fannie Mae is making available in this report historical data charts on our single-family repurchase activity, including significant defect categories at time of repurchase. No part of this report may be duplicated, reproduced, distributed or displayed in public in any manner or by any means without the written permission of Fannie Mae.

This report has been prepared using information available at the time of its development. While we have made reasonable efforts to ensure the accuracy and reliability of the information, it may contain errors or omissions due to the evolving nature of the data. Data on closed repurchases for a specified quarter is subject to change based on our continuing reviews.

This report is intended for general informational purposes only and should not be relied upon as a definitive source. Readers are encouraged to consider the potential for discrepancies and to consult additional resources as needed. Fannie Mae assumes no liability for decisions made based on this information. The information presented in this report is supplemental to the repurchase information included in our filings with the Securities and Exchange Commission. No assurance can be given as to the information’s accuracy, appropriateness or completeness in any particular context. Fannie Mae undertakes no obligation, and disclaims any duty, to update any of the information in this report.

The report is neither an offer to sell nor a solicitation of an offer to buy any Fannie Mae security mentioned herein or any other Fannie Mae security. Fannie Mae securities are offered only in jurisdictions where permissible by offering documents available through qualified securities dealers or banks.

The financial and other information contained in this report is not incorporated by reference into, or a part of, any offering documents or any security. The information does not constitute a sufficient basis for making a decision with respect to the purchase and sale of any security and is directed only at, and is intended for distribution to and use by, qualified persons or entities in jurisdictions where such distribution and use is permitted and would not be contrary to law or regulation. All information regarding or relating to Fannie Mae securities is qualified in its entirety by the relevant offering circular and any related supplements. You should review the relevant offering circular and any related supplements before making a decision with respect to the purchase or sale of any security. In addition, before purchasing any security, please consult your legal and financial advisors for information about and analysis of the security, its risks and its suitability as an investment in your particular circumstances.