• Fannie Mae average return on tangible equity for 2023 was 19.92, a 49.7% increase from 2022.
• Fannie Mae average return on tangible equity for 2022 was 39.6, a 176.92% decline from 2021.
• Fannie Mae average return on tangible equity for 2021 was 14.3, a 2134.38% increase from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.