NEW YORK (Reuters) - Fannie Mae and Freddie Mac, the U.S. mortgage finance giants that were taken over by the government this month, said on Monday they were subpoenaed for documents as part of a federal grand jury investigations into their accounting.

The U.S. Attorney's office for the Southern District of New York subpoenaed the two on Friday for documents related to accounting, disclosure and corporate governance dating from January 1, 2007 to the present.

The Securities and Exchange Commission is also investigating these matters and directing the companies to preserve the documents, Fannie Mae (FNM.P) and Freddie Mac (FRE.P) said.

Both companies said they will cooperate.

With the broader stock markets down more than 2 percent, Fannie Mae is up more than 9 percent and Freddie Mac up over 10 percent with their prices hovering around $2 per share.

(Reporting by Lynn Adler; Editing by Tom Hals)

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