Fannie Mae Tuesday said it identified two new accounting errors while finalizing its internal review, although it still expects to meet capital requirements set by regulators. The GSE also said it has substantially completed its analysis of accounting problems, and the restatement process will probably exceed $800 million this year. Fannie Mae stated it found problems in its accounting for consolidation of certain securitization transactions, and for MBS it issues and holds in its own portfolio. In a filing with the Securities and Exchange Commission, the mortgage giant said it has reviewed these problems with the Office of Federal Housing Enterprise Oversight. Based on errors found to date, the firm said it believes it still meets the capital requirements set by OFHEO, and the required 30% capital surplus. Although the GSE's analysis of accounting errors is about to end, Fannie Mae does not expect to report restated results through 2004 before the second half of 2006.