Fannie Mae Earnings Drop, Driven by Credit-Related Expense

National Mortgage News, May 03, 2022–Bonnie Sinnock (subscription)
Fannie Mae’s first-quarter earnings fell as higher rates contributed to lower amortization income, it recorded a charge for credit expenses and it adopted new accounting guidance for certain legacy loans.
https://www.nationalmortgagenews.com/news/fannie-mae-earnings-drop-driven-by-credit-related-expense