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:   2024-07-30T23:59:59+00:00
Accession:  0000310522-24-000443
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fannie Mae Q2 net income $4.5B, net worth $86.5B, up 5% from Q1
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- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/310522/000031052224000443/0000310522-24-000443-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/310522/000031052224000443/fnm-20240730.htm
  HTML page:      https://secwatch.observer/filing/0000310522-24-000443

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