earnings
confidence high
sentiment neutral
materiality 0.60
Fannie Mae Q2 net income $4.5B, net worth $86.5B, up 5% from Q1
FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE
2024-Q2 EPS reported
$0.00
- Net income $4.484B, up $164M from Q1 but down 10% YoY; net worth $86.5B, increased $4.5B.
- Single-family net income $3.855B; $548M benefit for credit losses on home price growth.
- Multifamily net income $629M; $248M provision for credit losses on declining property values.
- Provided $95B in liquidity; financed ~330K homes, half of purchase loans to first-time buyers.
- Single-family serious delinquency rate fell to 0.48% from 0.51% Q1; multifamily flat at 0.44%.