---
schema_version: "secwatch.filing_event.v1"
accession: "0000310522-23-000185"
form_type: "8-K"
ticker: "FNMA"
cik: "0000310522"
company_name: "FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE"
filed_at: "2023-02-14T23:59:59+00:00"
generated_at: "2026-06-19T14:43:30.575217+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Fannie Mae net income falls 42% to $12.9B in 2022; Q4 net income $1.4B

## Summary
- 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.

## SEC filing metadata
- accession: 0000310522-23-000185
- form_type: 8-K
- ticker: FNMA
- cik: 0000310522
- company_name: FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE
- filed_at: 2023-02-14T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/310522/000031052223000185/0000310522-23-000185-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/310522/000031052223000185/fnm-20230214.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000310522-23-000185
- JSON: https://secwatch.observer/filing/0000310522-23-000185.json
- Plain text: https://secwatch.observer/filing/0000310522-23-000185.txt

## Key facts
- Earnings Releases
  FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE reported fourth quarter 2022 results: net income $1.4 billion.
  - Period: fourth quarter 2022
  - Net income: $1.4 billion
  - Result: reported results
  source text: Fannie Mae Reports Net Income of $12.9 Billion for 2022 and $1.4 Billion for Fourth Quarter 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/310522/000031052223000185/0000310522-23-000185-index.htm
- Earnings Releases
  FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE reported full year 2022 results: net income $12.9 billion.
  - Period: full year 2022
  - Net income: $12.9 billion
  - Result: reported results
  source text: Fannie Mae Reports Net Income of $12.9 Billion for 2022 and $1.4 Billion for Fourth Quarter 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/310522/000031052223000185/0000310522-23-000185-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.