Mortgage Foreclosure, Delinquency Rates Down

YOUNGSTOWN, Ohio – The foreclosure rate among outstanding mortgage loans in the Youngstown-Warren region fell 0.20 percentage points in November compared to the previous year, down to 1.84% from 2.04 in November 2014.

The comparison comes from CoreLogic, a California-based provider of financial analytics.

The Mahoning Valley’s 1.84% foreclosure rate in November is higher than the national rate of 1.17%.

Mortgage delinquencies also decreased in the region, CoreLogic reports, with 5.01% of mortgage loans 90 days or more delinquent in November compared to 6.02 % in November 2014.

Still, the 5.01% mortgage delinquency rate here in November remains much higher than the national rate, 3.25% in November, down from 4.14% in November 2014.

Copyright 2021 The Business Journal, Youngstown, Ohio.