Both Fannie Mae and Freddie Mac easily met their capital requirements at the end of the second quarter, the Office of Federal Housing Enterprise Oversight reported this week. In fact, both GSEs increased their capital surpluses. OFHEO reported that Fannie cleared its minimum capital requirement – the hardest for both GSEs to meet – by $1.53 billion. This was up from a capital surplus of $1.29 billion three months earlier.