Regulators say Fannie, Freddie adequately capitalized

Mortgage financer Freddie Mac briefly fell short of its minimum capital requirements last fall, but quickly came back into compliance by issuing $6 billion in preferred stock in December, federal regulators said today.

Freddie Mac and its sister company, Fannie Mae, managed to build capital surpluses well above the stricter requirements put in place following accounting and management scandals that forced both companies to restate several years of earnings.

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