---
schema_version: "secwatch.filing_event.v1"
accession: "0000310522-25-000236"
form_type: "8-K"
ticker: "FNMA"
cik: "0000310522"
company_name: "FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE"
filed_at: "2025-04-30T23:59:59+00:00"
generated_at: "2026-05-23T02:51:02.569496+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Fannie Mae Q1 net income $3.7B, down 15% YoY; net worth reaches $98.3B

## Summary
- Net income $3.66B ($0.81 diluted EPS equivalent) vs $4.32B Q1 2024, down 15%.
- Net revenues $7.1B, flat YoY; provision for credit losses $24M expense vs $180M benefit year ago.
- Single-family net income $2.9B; multifamily $743M, up 4% YoY on higher volume.
- SF serious delinquency rate flat at 0.56%; MF rate rose to 0.63% from 0.57% in Q4 2024.
- Provided $76B liquidity, financing ~287,000 home purchases/refis/rentals in Q1.

## SEC filing metadata
- accession: 0000310522-25-000236
- form_type: 8-K
- ticker: FNMA
- cik: 0000310522
- company_name: FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE
- filed_at: 2025-04-30T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/310522/000031052225000236/0000310522-25-000236-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/310522/000031052225000236/fnm-20250430.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000310522-25-000236
- JSON: https://secwatch.observer/filing/0000310522-25-000236.json
- Plain text: https://secwatch.observer/filing/0000310522-25-000236.txt

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