The Office of Federal Housing and Enterprise Oversight announced late last month that both Fannie Mae and Freddie Mac had cleared the capital hurdles for fourth quarter of 2003. The $5 billion increase in capital that showed up on Freddie’s book was related to the firm’s restated financial report, and is included in the fourth-quarter numbers. OFHEO said the agency would determine whether Freddie’s regulatory capital will need to be recalculated until after the