{"schema_version":"secwatch.filing_event.v1","accession":"0000310522-23-000398","form_type":"8-K","ticker":"FNMA","cik":"0000310522","company_name":"FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE","filed_at":"2023-08-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:36.224166+00:00","generated_at":"2026-06-12T19:27:03.808231+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 Q2 2023 net income $5.0B, up 32% QoQ; credit benefit drives increase","bullets":["Net income of $5.0B in Q2 2023, up $1.2B from Q1 2023, driven by $1.4B shift to benefit for credit losses.","Provided $104B liquidity to mortgage market; acquired 227K single-family purchase loans (45% first-time homebuyers) and 139K multifamily rental units.","Single-family serious delinquency rate fell to 0.55% from 0.59%; multifamily rate rose to 0.37% from 0.35%.","Home prices grew 3.6% nationally in Q2 2023, up from 1.4% in Q1; 30-year fixed rate averaged 6.71% at quarter end.","Net worth increased to $69.0B from $64.0B at end of Q1 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0000310522-23-000398","json":"https://secwatch.observer/filing/0000310522-23-000398.json","markdown":"https://secwatch.observer/filing/0000310522-23-000398.md","text":"https://secwatch.observer/filing/0000310522-23-000398.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/310522/000031052223000398/0000310522-23-000398-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/310522/000031052223000398/fnm-20230801.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T19:27:03.808231+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":"afadc4ab723377436e5155c137cfff513a20b864","claim":"FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE reported the quarter ended June 30, 2023 results: revenue $7,105, net income $4,994.","evidence_excerpt":"Second Quarter 2023 Results 1 Summary of Financial Results (Dollars in millions) Q223 Q123 Variance % Change Q222 Variance % Change Net interest income $ 7,035 $ 6,786 $ 249 4 % $ 7,808 $ (773) (10) % Fee and other income 70 63 7 11 % 81 (11) (14) % Net revenues 7,105 6,849 256 4 % 7,889 (784) (10) % Investment gains (losses), net 25 (67) 92 NM (49) 74 NM Fair value gains, net 404 204 200 98 % 529 (125) (24) % Administrative expenses (864) (868) 4 — % (795) (69) (9) % Benefit (provision) for credit losses 1,266 (132) 1,398 NM (218) 1,484 NM TCCA fees (856) (855) (1) — % (841) (15) (2) % Credit enhancement expense (1) (384) (341) (43) (13) % (332) (52) (16) % Change in expected credit enhancement recoveries (160) 120 (280) NM (47) (113) NM Other expenses, net (2) (257) (130) (127) (98) % (261) 4 2 % Income before federal income taxes 6,279 4,780 1,499 31 % 5,875 404 7 % Provision for federal income taxes (1,285) (1,008) (277) (27) % (1,222) (63) (5) % Net income $ 4,994 $ 3,772 $ 1,222","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/310522/000031052223000398/0000310522-23-000398-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended June 30, 2023"},{"label":"Revenue","value":"$7,105"},{"label":"Net income","value":"$4,994"},{"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"}