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:   2023-10-31T23:59:59+00:00
Accession:  0000310522-23-000590
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/310522/000031052223000590/0000310522-23-000590-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/310522/000031052223000590/fnm-20231031.htm
  HTML page:      https://secwatch.observer/filing/0000310522-23-000590

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer