---
schema_version: "secwatch.filing_event.v1"
accession: "0000310522-25-000467"
form_type: "8-K"
ticker: "FNMA"
cik: "0000310522"
company_name: "FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE"
filed_at: "2025-07-30T23:59:59+00:00"
generated_at: "2026-05-17T23:16:56.416365+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Fannie Mae Q2 2025 net income $3.3B, net worth tops $100B; earnings down 26% YoY

## Summary
- Net income of $3.3B, down 26% from $4.5B in Q2 2024; 30th consecutive profitable quarter.
- Net worth grew to $101.6B, up $3.3B from Q1; $88.1B added since 2020.
- Provision for credit losses of $946M vs benefit of $300M a year ago, on lower home price growth.
- Administrative expenses fell 15% from Q1 to $847M, saving $256M in non-interest costs.
- Single-family serious delinquency rate improved to 0.53%; multifamily to 0.61%.

## SEC filing metadata
- accession: 0000310522-25-000467
- form_type: 8-K
- ticker: FNMA
- cik: 0000310522
- company_name: FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE
- filed_at: 2025-07-30T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/310522/000031052225000467/0000310522-25-000467-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/310522/000031052225000467/fnm-20250730.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000310522-25-000467
- JSON: https://secwatch.observer/filing/0000310522-25-000467.json
- Plain text: https://secwatch.observer/filing/0000310522-25-000467.txt

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