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:   2025-04-30T23:59:59+00:00
Accession:  0000310522-25-000236
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/310522/000031052225000236/0000310522-25-000236-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/310522/000031052225000236/fnm-20250430.htm
  HTML page:      https://secwatch.observer/filing/0000310522-25-000236

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