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:   2023-02-14T23:59:59+00:00
Accession:  0000310522-23-000185
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/310522/000031052223000185/0000310522-23-000185-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/310522/000031052223000185/fnm-20230214.htm
  HTML page:      https://secwatch.observer/filing/0000310522-23-000185

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