Banking & Finance

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Region Sees Drop in Foreclosures, Delinquencies

August 26, 2016

YOUNGSTOWN, Ohio – Data for June show mortgage foreclosures and delinquencies in the Youngstown-Warren-Boardman metropolitan area were both down from a year earlier.

CoreLogic, a California-based data and analytics company, reports that foreclosures among outstanding mortgage loans was 1.66% in June for the Youngstown-Warren-Boardman. That’s down 0.22 percentage points from June 2015 when the foreclosure rate was 1.88%.

Still, local foreclosure activity was higher than the national foreclosure rate, which was 0.95% for June 2016, down from 1.3% a year earlier.

The area’s mortgage delinquency rate also decreased year-over-year, according to CoreLogic. In June, 4.84% of mortgage loans were 90 days or more delinquent compared with 5.34% for the same period last year, a decrease of half a percentage point.

Published by The Business Journal, Youngstown, Ohio.