Fannie Mae’s minimum capital levels continued their upward trend, while Freddie’s have dropped noticeably, continuing an uneven trajectory, according to the second quarter capitalization classifications released by the Office of Federal Housing Enterprise Oversight. Fannie’s minimum capital surplus – the amount by which the GSE exceeds its regulatory requirement – increased to $3.792 billion in the second quarter, up from $3.013 billion for the first quarter. After dropping from...