earnings
confidence high
sentiment negative
materiality 0.80
Fannie Mae Q3 net income $2.4B, down 48% QoQ on $2.5B credit expense from lower home prices
FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE
2022-Q3 EPS reported
$0.00
- Net income $2.4B vs $4.7B in Q2; net worth $58.8B, up $2.4B.
- Credit-related expense $2.5B, driven by lower actual/projected home prices (Q2: $251M).
- Net interest income $7.1B, down 9% QoQ from decline in amortization income due to rising rates.
- Single-family serious delinquency fell to 0.69% (0.81% Q2); multifamily to 0.26% (0.34% Q2).