National foreclosure inventory declined by 24.5% and completed foreclosures dropped 6.9% compared in May from the same month a year earlier as the number of completed foreclosures fell from 41,000 in May 2015 to 38,000 in May 2016, a decrease of 67.9% from the peak of 117,813 in September 2010, CoreLogicA , Irvine, Calif., reported Tuesday. According to the company's May 2016 National Foreclosure Report, there have been approximately 6.3 million completed foreclosures nationally since September, 2008, and since home-ownership rates peaked in the second quarter of 2004, there have been approximately 8.3 million homes lost to foreclosure.

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