Fannie Mae Q3 2023 net income $4.7B, net worth $73.7B; down 6% QoQ

FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE

2023-Q3 EPS reported $0.00

Net income $4,699M vs $4,994M Q2 2023, down $295M QoQ; net worth rose to $73.7B.
Benefit for credit losses $652M vs $1,266M in Q2, driven by home-price increases.
Fair value gains $795M vs $404M in Q2, due to rising interest rates.
Single-family SDQ 0.54%, multifamily SDQ 0.54% (up from 0.37% Q2).
Other expenses include $491M for jury verdict and prejudgment interest for preferred shareholders.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE reported third quarter of 2023 results: net income $4.7 billion.

Period: third quarter of 2023
Net income: $4.7 billion
Result: reported results

Exact text from the filing

Fannie Mae Reports Net Income of $4.7 Billion for Third Quarter 2023

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Source: SEC EDGAR

accession 0000310522-23-000590

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