Fannie Mae and Freddie Mac were found to be adequately capitalized at the end of the first quarter, the Office of Federal Housing Enterprise Oversight said Friday.

Fannie Mae held core capital of $16.153 billion at March 31, $316 million above the federally mandated minimum of $15.836 billion, and Freddie Mac held core capital of $10.941 billion, which was $345 million above its minimum requirement of $10.595 billion.

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