earnings
confidence high
sentiment negative
materiality 0.85
Fannie Mae net income falls 42% to $12.9B in 2022; Q4 net income $1.4B
FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE
2022-FY EPS reported
$0.00
- Net income $12.9B in 2022 vs $22.2B in 2021; net worth $60.3B as of Dec 31, 2022.
- Provision for credit losses of $6.3B in 2022 vs benefit of $5.1B in 2021; investment losses $297M vs gains $1.4B.
- Single-family acquisition volume $614.8B (down 55% YoY); serious delinquency rate improved to 0.65% from 1.25%.
- Multifamily net income $2.2B in 2022; Q4 net loss of $52M driven by $1.1B provision on seniors housing portfolio.
- National home price growth slowed to 9.2% in 2022 from 18.6% in 2021; 30-year fixed rate rose to 6.42% by year-end.