Foreclosure Inventory Falls in 2011

Washington, DC, Feb. 8, 2012 -- There were 1.4 million homes in the foreclosure inventory at the end of 2011, down 8.4% from a year earlier, according to data firm CoreLogic Inc.

The 2011 level equals 3.4% of all homes with a mortgage.

For December, the number of completed foreclosures fell to 55,000 from 57,000 in November.

The share of borrowers nationally who were 90 days or more delinquent on their mortgage payments fell to 7.3% in December from 7.8% in the same month in 2010.