Foreclosure filings sink to six-year low.

Foreclosure filings fell to the lowest level in almost six years in January, dropping 28% on year and 7% on month to 150,864. The main reason for the decline was because of a new law in California that slowed repossessions - default notices in the state plunged 62% on year, and for the first time since January 2007, it didn't have the most properties with foreclosure filings.