IRVINE, Calif., June 14 (UPI) -- The decline in U.S. foreclosures looks like a "bumpy ride," the top executive at online marketplace RealtyTrac said.
With foreclosures in May up 9 percent from April, but down 4 percent from May 2011, "It's going to be a bumpy ride down to the bottom of this foreclosure cycle," said Brandon Moore, chief executive officer of RealtyTrac in a statement.