Correction

Fannie Mae only has to raise $5.11 billion in new capital to comply with a supervisory agreement with the Office of Federal Housing Enterprise Oversight, not $9.46 billion as reported by MortgageWire on Sept. 27.Fannie's board of directors agreed to achieve a capital surplus of 30% over the next nine months, which would require the company to have $9.46 billion in surplus capital. However, Fannie Mae already had $4.35 billion in surplus capital as of March 31.