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:   2024-04-30T23:59:59+00:00
Accession:  0000310522-24-000240
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fannie Mae Q1 net income $4.3B, 25th consecutive positive quarter; net worth $82B
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- Net income $4.3B, up $377M from Q4 2023; net worth rose $4.3B to $82.0B.
- Single-family net income $3.6B (+$303M QoQ); multifamily $713M (+$74M QoQ).
- Benefit for credit losses $180M vs provision $116M in Q4; single-family SDQ rate improved to 0.51%.
- Provided $72B in liquidity financing ~280,000 homes/rentals in Q1 2024.
- Entire net income ($4.3B) paid as dividends to Treasury on senior preferred stock; common stockholders saw $0 EPS.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/310522/000031052224000240/0000310522-24-000240-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/310522/000031052224000240/fnm-20240430.htm
  HTML page:      https://secwatch.observer/filing/0000310522-24-000240

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