National Foreclosure Inventory Falls 25.7% YOY

Irvine, CA, May 13, 2015—National foreclosure inventory fell 25.7% between March 2014 and March 2015, according to CoreLogic’s National Foreclosure Report, to 542,000 homes or 1.4% of all mortgages.  

Completed foreclosures fell 15.5% in the same period.

Additionally, the number of mortgages in serious delinquency—more than 90 days past due—fell 19.1% year over year.

March marked 41 consecutive months of year over year declines with regard to the nation’s foreclosure rate.