Fannie Mae Releases December 2023 Monthly Summary

Rhea-AI Summary

Fannie Mae (FNMA) has announced its financial results for the fourth quarter of 2023, reporting a net income of $3.4 billion, a $1.3 billion increase from the previous quarter. The company's net worth also increased by $2.4 billion, and it paid $2.9 billion in dividends to the U.S. Department of the Treasury. However, Fannie Mae also reported a $2.5 billion loss in fair value losses on derivatives, impacting its comprehensive income.

Positive

• Fannie Mae reported a net income of $3.4 billion for the fourth quarter of 2023, showing a significant increase from the previous quarter.
• The company's net worth increased by $2.4 billion, indicating a positive financial performance.
• Fannie Mae paid $2.9 billion in dividends to the U.S. Department of the Treasury, demonstrating its commitment to shareholders.

Negative

• Fannie Mae reported a $2.5 billion loss in fair value losses on derivatives, impacting its comprehensive income.

WASHINGTON, Jan. 30, 2024 /PRNewswire/ -- Fannie Mae's (OTCQB: FNMA) December 2023 Monthly Summary is now available. The monthly summary report contains information about Fannie Mae's monthly and year-to-date activities for our gross mortgage portfolio, mortgage-backed securities and other guarantees, interest rate risk measures, and serious delinquency rates.

About Fannie Mae
Fannie Mae advances equitable and sustainable access to homeownership and quality, affordable rental housing for millions of people across America. We enable the 30-year fixed-rate mortgage and drive responsible innovation to make homebuying and renting easier, fairer, and more accessible. To learn more, visit:
fanniemae.com | Twitter | Facebook | LinkedIn | Instagram | YouTube | Blog

Fannie Mae Newsroom
https://www.fanniemae.com/newsroom

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Fannie Mae Resource Center
1-800-2FANNIE

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SOURCE Fannie Mae

FAQ

What is Fannie Mae's ticker symbol?

Fannie Mae's ticker symbol is FNMA.

What was Fannie Mae's net income for the fourth quarter of 2023?

Fannie Mae reported a net income of $3.4 billion for the fourth quarter of 2023.

Did Fannie Mae experience any losses in the fourth quarter of 2023?

Yes, Fannie Mae reported a $2.5 billion loss in fair value losses on derivatives, impacting its comprehensive income.

How much did Fannie Mae pay in dividends to the U.S. Department of the Treasury?

Fannie Mae paid $2.9 billion in dividends to the U.S. Department of the Treasury.