secwatch.observer — SEC 8-K summary
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Issuer:     FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE (FNMA)
CIK:        0000310522
Form:       8-K
Filed at:   2022-11-08T23:59:59+00:00
Accession:  0000310522-22-000579
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fannie Mae Q3 net income $2.4B, down 48% QoQ on $2.5B credit expense from lower home prices
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/310522/000031052222000579/0000310522-22-000579-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/310522/000031052222000579/fnm-20221108.htm
  HTML page:      https://secwatch.observer/filing/0000310522-22-000579

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