According to recent data, foreclosure inventory in the United States declined this month, falling to the lowest level seen since February of 2008. There are currently around 893,000 loans in or starting the foreclosure process, down 435,000 from this time last year, and a 3.9% decrease from last month. Additionally, seriously delinquent loan inventory, mortgages 90 days late or more, has also decreased by 25,000, the lowest rate since August of 2008. More here