The Dallas area had the second lowest foreclosure rate in the country in May, according to CoreLogic Inc.

The California-based housing and finance analysts found that about 1.6 percent of Dallas-area homes with mortgages were in foreclosure in May. Only Denver had a lower foreclosure rate, at 1.5 percent.

Nationwide, 3.4 percent of homes with loans were in the foreclosure inventory. At less than 2 percent, Texas is among the states with the lowest inventory of foreclosures.

Source: Dallas Morning News