Picture Brightens for Shadow Inventory

SANTA ANA, Calif. — CoreLogic (NYSE: CLGX), a provider of information, analytics and business services, reported that the current residential shadow inventory as of July 2011 declined slightly to 1.6 million units, representing a supply of 5 months. This is down from 1.9 million units, a supply of 6 months, from a year ago, and follows a decline from April 2011 when shadow inventory stood at 1.7 million units.