Fannie Mae, Freddie Mac shares fall
NEW YORK |
NEW YORK (Reuters) - Shares of Fannie Mae FNM.N and Freddie Mac FRE.N fell more than 8 percent in trading before the bell on Monday, after financial weekly Barron's reported that the U.S. Treasury is growing increasingly likely to recapitalize the two mortgage finance companies.
Fannie shares fell 8.3 percent to $7.25 and Freddie shares dropped 8.6 percent to $5.35.
(Reporting by Kristina Cooke, Editing by Chizu Nomiyama)
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