Foreclosure inventory nationwide fell again in April from a year ago, according to CoreLogic's April 2016 National Foreclosure Report.
The Irvine, Calif.-based company reported that the national foreclosure inventory in April was 406,000 homes, or 1.1% of all homes with a mortgage, down 23.8% from a year ago. This figure represents the number of homes at some stage of the foreclosure process.
Additionally, CoreLogic found that the number of homes lost to foreclosure dropped to 37,000 in April, from 43,000 the previous year. The number of completed foreclosures was down 68.9% in April from the peak of 117,813 reached in September 2010.
The serious delinquency rate also declined in April, falling 21.6% year over year to 1.1 million mortgages.
