U.S. foreclosure activity fell 34% Y/Y in April to the lowest point in more than three years,...

|By:, SA News Editor
U.S. foreclosure activity fell 34% Y/Y in April to the lowest point in more than three years, RealtyTrac says, but the drop was the result of lenders taking longer to push homeowners through the foreclosure process, not an indication of a housing rebound lifting people out of default.