{"schema_version":"secwatch.filing_event.v1","accession":"0000310522-23-000211","form_type":"8-K","ticker":"FNMA","cik":"0000310522","company_name":"FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE","filed_at":"2023-05-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:41.717922+00:00","generated_at":"2026-06-16T03:55:14.464480+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Fannie Mae Q1 2023 net income $3.8B, net worth $64B; credit losses down $3.2B","bullets":["Net income $3.772B vs $1.426B in Q4 2022, driven by $3.2B decrease in provision for credit losses.","Single-family serious delinquency rate fell to 0.59% (lowest since 2005) from 0.65% in Q4.","Multifamily serious delinquency rate rose to 0.35% from 0.24%, driven by seniors housing stress.","Acquisition volume: single-family $67.5B (-21% QoQ), multifamily $10.2B (-45% QoQ).","Home prices grew 1.0% nationally; 30-year fixed rate averaged 6.32% vs 6.42% at year-end."],"urls":{"canonical":"https://secwatch.observer/filing/0000310522-23-000211","json":"https://secwatch.observer/filing/0000310522-23-000211.json","markdown":"https://secwatch.observer/filing/0000310522-23-000211.md","text":"https://secwatch.observer/filing/0000310522-23-000211.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/310522/000031052223000211/0000310522-23-000211-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/310522/000031052223000211/fnm-20230502.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T03:55:14.464480+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"d51311722fc8826b19610f7020a0e3249ff0fa93","claim":"FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE reported first quarter 2023 results: revenue 6,849, net income $3,772.","evidence_excerpt":"First Quarter 2023 Results 1 Summary of Financial Results (Dollars in millions) Q123 Q422 Variance % Change Q122 Variance % Change Net interest income $ 6,786 $ 7,092 $ (306) (4) % $ 7,399 $ (613) (8) % Fee and other income 63 43 20 47 % 83 (20) (24) % Net revenues 6,849 7,135 (286) (4) % 7,482 (633) (8) % Investment gains (losses), net (67) 26 (93) NM (102) 35 34 % Fair value gains (losses), net 204 (17) 221 NM 480 (276) (58) % Administrative expenses (868) (856) (12) (1) % (808) (60) (7) % Provision for credit losses (132) (3,283) 3,151 96 % (240) 108 45 % TCCA fees (855) (854) (1) — % (824) (31) (4) % Credit enhancement expense (1) (341) (349) 8 2 % (278) (63) (23) % Change in expected credit enhancement recoveries 120 424 (304) (72) % 60 60 100 % Other expenses, net (2) (130) (306) 176 58 % (197) 67 34 % Income before federal income taxes 4,780 1,920 2,860 149 % 5,573 (793) (14) % Provision for federal income taxes (1,008) (494) (514) (104) % (1,165) 157 13 % Net income $ 3,772 $ 1","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/310522/000031052223000211/0000310522-23-000211-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter 2023"},{"label":"Revenue","value":"6,849"},{"label":"Net income","value":"$3,772"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}