Reuters

Fannie, Freddie Shares Rebound On Strong Debt Sale 

As more level-headed analysts weighed in on the recent downward cycle hitting twin mortgage financial giants Fannie Mae [stock FNM][/stock] and Freddie Mac [stock FRE][/stock], and as Freddie Mac saw a planned debt auction draw strong demand, both GSEs saw shares rebound strongly Monday from last week’s selloff. On a day where the Dow Jones Industrial Average fell more than 230 points, common shares in Fannie Mae rose 7.4 percent and Freddie saw shares soar more than 18 percent. Fannie was at $5.37, and Freddie at $3.33, when this story was published.