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:   2023-05-02T23:59:59+00:00
Accession:  0000310522-23-000211
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fannie Mae Q1 2023 net income $3.8B, net worth $64B; credit losses down $3.2B
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/310522/000031052223000211/0000310522-23-000211-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/310522/000031052223000211/fnm-20230502.htm
  HTML page:      https://secwatch.observer/filing/0000310522-23-000211

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