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The number of homes repossessed by mortgage giants Fannie Mae and Freddie Mac and destined to hit the market in the months ahead has fallen by 45 percent from a 2010 peak of more than 241,000 homes.



At the end of June, Fannie and Freddie had 132,930 “real estate owned” (REO) properties in the pipeline, Calculated Risk reports. Fannie is seeing a “modest increase” in REO prices, which were up “significantly” in the first half of last year. Source: