WASHINGTON - Aida Alvarez, director of the Office of Federal Housing
As of that date, Fannie Mae had core capital of $9.54 billion, exceeding
Freddie Mac had core capital of $5.17 billion, exceeding its minimum
By law, OFHEO must determine the capital adequacy of the two government-
OFHEO is currently at work on setting a risk-based capital requirement
Under that standard, the agencies would be required to hold core
The capital requirement is based on a stress test that OFHEO is