Common and preferred shares of federally controlled mortgage-finance giants Fannie Mae and Freddie Mac plunged in early Wednesday trading, following a judge's decision to dismiss an investor suit. Common shares were recently off 42% for Fannie and 40% for Freddie. Meanwhile, heavily traded preferred series were down 48% for Fannie and 52% for Freddie . On Tuesday a judge dismissed investors' claims over the government's taking of Fannie and Freddie's profits.
Copyright © 2014 MarketWatch, Inc.
Continue Reading Below