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:   2024-02-15T23:59:59+00:00
Accession:  0000310522-24-000185
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/310522/000031052224000185/0000310522-24-000185-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/310522/000031052224000185/fnm-20240215.htm
  HTML page:      https://secwatch.observer/filing/0000310522-24-000185

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