Fannie, Freddie pick up short-sale pace

REO inventory nears 200,000

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Fannie Mae and Freddie Mac were more willing to sign off on short sales during the second quarter but continued to repossess homes faster than they could sell them, according to the companies’ latest regulatory filings.

Fannie and Freddie finished the second quarter with a combined inventory of bank-owned (REO) homes of 191,500 properties, with both companies posting double-digit growth.