Just two weeks after the Office of Federal Housing Enterprise Oversight’s announcement that Fannie Mae and Freddie Mac easily passed the agency’s first official application of its risk-based capital test, the head of the agency is voicing concerns about future GSE risks. In remarks that some GSE supporters called provocative, if not confrontational, OFHEO Director Armando Falcon said last week that the continued growth of Fannie and Freddie are likely to present some