Fannie Mae, Freddie Mac, and HUD slashed their inventories of repossessed homes more than 18%...

|About: Fannie Mae (FNMA)|By:, SA News Editor

Fannie Mae, Freddie Mac, and HUD slashed their inventories of repossessed homes more than 18% last year, partly due to an improving market, partly due to new foreclosure guidelines slowing the process. Freddie Mac also reports the days it takes to sell a foreclosed home has stabilized around 200, and even started to fall last quarter.