Replies to post #772828 on Fannie Mae-No Politics (FNMA)

[RickNagra]

Blow out revenues.

[Clark6290]

GSEs $never $jump $on "$profits" EPS $ZERO. To the train station.

[skeptic7]

Yay. Let's watch that PPS soar.

[FOFreddie]

FNMA wrote off $ 491 million for Lamberth Class Action in 3Q. What was the prorated jury award? - FNMA has already calculated the interest and written it off against earnings.

From the Financial Supplement footnote on Page 5:

Other expenses, net
Other expenses, net includes $491 million of expense in the
third quarter of 2023 relating to a jury verdict and an award
of prejudgment interest for Fannie Mae preferred
shareholders

https://www.fanniemae.com/media/49476/display