---
schema_version: "secwatch.filing_event.v1"
accession: "0000310522-24-000185"
form_type: "8-K"
ticker: "FNMA"
cik: "0000310522"
company_name: "FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE"
filed_at: "2024-02-15T23:59:59+00:00"
generated_at: "2026-06-06T01:38:05.166442+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Fannie Mae reports $17.4B net income for 2023, up 35% YoY; Q4 net income $3.9B

## Summary
- Annual net income $17.4B, up 35% from $12.9B in 2022; Q4 net income $3.9B, down 16% sequentially.
- Benefit for credit losses of $1.7B in 2023 vs provision of $6.3B in 2022, driven by home price growth.
- Net worth increased to $77.7B from $60.3B a year ago.
- Single-family SDQ rate improved to 0.55% from 0.65%; multifamily SDQ rose to 0.46% from 0.24% due to seniors housing.
- FHFA reduced 2024 multifamily loan purchase cap to $70B from $75B; 50% mission-driven requirement continues.

## SEC filing metadata
- accession: 0000310522-24-000185
- form_type: 8-K
- ticker: FNMA
- cik: 0000310522
- company_name: FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE
- filed_at: 2024-02-15T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/310522/000031052224000185/0000310522-24-000185-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/310522/000031052224000185/fnm-20240215.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000310522-24-000185
- JSON: https://secwatch.observer/filing/0000310522-24-000185.json
- Plain text: https://secwatch.observer/filing/0000310522-24-000185.txt

## Key facts
- Earnings Releases
  FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE reported the year ended December 31, 2023 results: net income $17.4 billion.
  - Period: the year ended December 31, 2023
  - Net income: $17.4 billion
  - Result: reported results
  source text: Fannie Mae Reports Net Income of $17.4 Billion for 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/310522/000031052224000185/0000310522-24-000185-index.htm
- Earnings Releases
  FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE reported fourth quarter 2023 results: net income $3.9 billion.
  - Period: fourth quarter 2023
  - Net income: $3.9 billion
  - Result: reported results
  source text: ontact: Pete Bakel Resource Center: 1-800-232-6643 202-752-2034 Exhibit 99.1 Date: February 15, 2024 Fannie Mae Reports Net Income of $17.4 Billion for 2023 and $3.9 Billion for Fourth Quarter 2023 • $17.4 billion annual net income and $3.9 billion fourth quarter 2023 net income, with net worth reaching $77.7 billion as of December 31, 2023 “The fourth quarter capped another successful year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/310522/000031052224000185/0000310522-24-000185-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.