Fannie Mae Q3 earnings slide as lower home prices lead to higher credit expense

Nov. 08, 2022 8:04 AM ETFederal National Mortgage Association (FNMA)By: Liz Kiesche, SA News Editor

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Win McNamee

Fannie Mae's (OTCQB:FNMA) Q3 earnings dropped both Q/Q and Y/Y as the mortgage giant's credit expense jumped, driven by lower actual and projected home prices, the company said Tuesday.

Q3 total comprehensive income of $2.43B sank 48% from Q2

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