Foreclosures Down in Youngstown-Warren-Boardman

YOUNGSTOWN, Ohio – The rate of foreclosures in the Youngstown-Warren-Boardman statistical area fell in June compared to June 2014, CoreLogic reported Thursday. The rate measures the percentage of loans in some stage of the foreclosure.

CoreLogic is based in Irvine, Calif.

The data show that the rate of foreclosures among outstanding mortgage loans here was 1.82% for June, a decrease of 0.62 percentage point compared with June 2014 when the rate was 2.44%. Foreclosure activity here was higher than the national foreclosure rate of 1.28% for June.

The mortgage delinquency rate decreased here, CoreLogic reported. This is a measure of the percentage of loans that are more than 90 days delinquent, including those in foreclosure and reposssed real estate. For June, 5.18% of mortgage loans were 90 or more days compared with 6.43% the same month last year.

Copyright 2022 The Business Journal, Youngstown, Ohio.