---
schema_version: "secwatch.filing_event.v1"
accession: "0000310522-26-000016"
form_type: "8-K"
ticker: "FNMA"
cik: "0000310522"
company_name: "FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE"
filed_at: "2026-02-11T23:59:59+00:00"
generated_at: "2026-05-16T03:25:45.286132+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Fannie Mae Q4 net income $3.5B (down 9% QoQ), FY net income $14.4B (down 15% YoY)

## Summary
- Net income Q4 $3.5B vs $3.9B Q3; full year $14.4B vs $16.98B in 2024.
- Net worth grew to $109.0B, up $14.4B from end of 2024; record level.
- Net revenues stable at $7.3B Q4 and $29.0B full year; non-interest expenses down $141M from 2024.
- Single-family net income $2.677B Q4 (down 13% QoQ); multifamily $850M (up 10% QoQ).
- Serious delinquency rates increased: single-family 0.58% (from 0.54%), multifamily 0.74% (from 0.68%).

## SEC filing metadata
- accession: 0000310522-26-000016
- form_type: 8-K
- ticker: FNMA
- cik: 0000310522
- company_name: FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE
- filed_at: 2026-02-11T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/310522/000031052226000016/0000310522-26-000016-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/310522/000031052226000016/fnm-20260211.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000310522-26-000016
- JSON: https://secwatch.observer/filing/0000310522-26-000016.json
- Plain text: https://secwatch.observer/filing/0000310522-26-000016.txt

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