U.S. foreclosure activity fell 1% in April as banks scheduled fewer auctions even as they reclaimed more homes, according to a report released Thursday by RealtyTrac, which tracks and compiles housing market data.

The latest drop brought foreclosure activity 20% below its year-ago level. It was the 43rd consecutive month foreclosure activity was down on an annual basis. Foreclosure activity includes foreclosure notices, scheduled auctions and bank repossessions,

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