Foreclosure rate hits 8-year low

Number of mortgages more than 90 days past due also declined by 23 percent

According to CoreLogic, foreclosure inventory dropped by 28.9 percent and completed foreclosures declined by 14.8 percent between June 2014 and June 2015. The national foreclosure inventory at the end of June included approximately 472,000, or 1.2 percent, of all homes with a mortgage compared with 664,000 homes, or 1.7 percent, in June 2014.