Ofheo Allays Worries Over Fannie, Freddie

ARLINGTON, Va. -- The top regulator for Fannie Mae and Freddie Mac said future accounting rules will likely not lead regulators to demand that the mortgage-finance giants hold more capital, addressing fears that punished the stock prices of both companies Monday.

"From our standpoint, an accounting change should not drive capital," James Lockhart, director of the Office of Federal Housing Enterprise Oversight, told reporters at a housing conference. "It would be no ...