Foreclosure inventory on track to drop to 2007 levels by midyear

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The number of homes lost to foreclosure and the national foreclosure inventory continued to post considerable annual declines in March, according to data aggregator CoreLogic. Completed foreclosures clocked in at 41,000 in March, down 15.5 percent from a year ago and 65.2 percent from their peak in September 2010, CoreLogic reported.