Updated with closing stock prices
NEW YORK (
were among the worst performers of the financial sector Wednesday, retracing some of their recent rally sparked by the Treasury Department's decision to remove a cap on aid.
each jumped 19% through Tuesday's session after the Treasury Department Thursday removed the $400 billion financial cap on the money it will provide to both.
Fannie and Freddie
shares were sliding as momentum traders booked profits. Fannie closed down 7.2% to $1.16, and Freddie lost 5.3% to $1.42.
(RDN - Get Report)
and other mortgage-insurance stocks were declining, one day after a positive report on U.S. home prices spurred buying. The Standard & Poor's/Case-Shiller home price index of 20 major cities improved for the ninth-consecutive month, although that was down 7.3% from a year ago.
Radian, which gained 5.9% during Tuesday's session, closed down 3.4% to $7.32. Among other related stocks retracing the previous day's gains,
slid 1.6% to $2.52 and
fell 2.9% to $5.68.
On the other hand,
(HBNC - Get Report)
was among the winners of the session, climbing 7.2% to $15.90 after the company said it will acquire most of the banking-related assets and deposits of American Trust & Savings Bank, which carry an estimated value of $110 million. Terms of the deal weren't disclosed, but the transaction should be completed in the second quarter of 2010.