Even with the recent Freddie Mac announcement that the Office of Federal Housing Enterprise Oversight (OFHEO) is imposing a higher statutory minimum capital requirement, the GSE's portfolio growth is not expected to significantly slow in the near term, analysts said.

OFHEO is now telling Freddie Mac to come up with $32.6 billion in core capital - which is equivalent to a 30% minimum in capital reserves - during the period prior to the time Freddie is able to release certified financial statements for 2003.

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