Banking & Finance

Foreclosures, Delinquencies Down in January

YOUNGSTOWN, Ohio – Foreclosures and mortgage delinquencies in the Youngstown-Warren-Boardman metropolitan area during January were down from a year earlier, CoreLogic reported today.

According to the financial data firm, the rate of foreclosures among outstanding mortgage loans in the metro area, which covers Mahoning and Trumbull counties in Ohio and Mercer County in Pennsylvania, was 1.93% for January, down 1.12 percentage points from 3.05% in January 2014.

Nationally, January’s foreclosure rate was 1.46%, slightly higher than Ohio’s 1.43% rate for the month, reported CoreLogic.

The mortgage delinquency rate for the Youngstown-Warren-Boardman metro decreased by 1.24 percentage points over the year. CoreLogic data for January found 5.92% of mortgage loans were 90 days or more delinquent compared to 7.16% for the same period last year.

For Ohio, the percentage of mortgages delinquent by 90 days or more in January was 4.37%, higher than the national rate of 4.02%.

SOURCE: CoreLogic, Irvine, Calif.

Published by The Business Journal, Youngstown, Ohio.