WASHINGTON The Office of Federal Housing Enterprise Oversight said Tuesday that Fannie Mae and Freddie Mac each exceeded its minimum core capital requirement at June 30.
Fannie Mae held core capital of $19 billion, exceeding its requirement by $355.7 million.
Freddie Mac held core capital of $13.4 billion, exceeding its requirement by $432.13 million.
OFHEO is an independent agency within the Department of Housing and Urban Development. It is responsible for determining whether Fannie and Freddie meet minimum and risk-based capital standards.
The agency plans to complete a risk-based capital regulation this year.
