


Freddie, Fannie shares surge
Shares of Fannie Mae and Freddie Mac, the two largest U.S. home-loan companies, rose on speculation that the companies’ regulator may lift a cap on the amount of home loan assets they can own, helping to ease a funding crunch in the mortgage market.
Fannie Mae shares jumped $5.87, or 10%, to $62.50. Freddie Mac rose $4.30, or 7.7%, to $60.
Falling home prices and a surge in payment defaults have scared investors away from mortgage debt, including bonds and other securities backed by home loans
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