Fannie Mae

Good day and welcome to the Fannie Mae First Quarter 2025 Financial Results Conference Call. At this time, I will now turn it over to your host, Pete Backell, Fannie Mae's Director of External Communications.

Hello, and thank you all for joining today's conference call to discuss Fannie Mae's First Quarter 2025 Financial Results. Please note this call includes forward-looking statements including statements about Fannie Mae's and the director of the US Federal Housing FHFA's expectations related to economic and housing market conditions, the future performance of the company's book of business, the company's future financial performance, and the company's business plans and their impact. Future events may turn out to be very different from these statements. The forward-looking statements section In the company's first quarter, 2025, Form 10-Q, filed today, and in the company's 2024, Form 10-K, filed on February 14, 2025, describe factors that may lead to different results. A recording of this call may be posted on the company's website. We ask that you do not record this call for public broadcast and that you do not publish any full transcript. I'd now like to turn the call over to Director of the U.S. Federal Housing, FHFA, and Chairman of the Fannie Mae Board of Directors, William J. Pulte, Fannie Mae President and Chief Executive Officer, Priscilla Almodovar, and Fannie Mae Chief Financial Officer, Krissa C. Halle.

Thank you. Our current focus at Fannie Mae is on operational efficiency and ensuring that Fannie Mae is a world-class operator. While assets are significant, there remains great opportunity to trim fat, turn the business around, generate more earnings, and do so all while ensuring safety and soundness. A profitable Fannie Mae, one with a strong balance sheet and strong capital, focused on delighting customers means a safe and sound U.S. mortgage market. The operational improvements we are driving at Fannie Mae will turn around the company and will make Fannie Mae a great American icon once again.