Region’s Foreclosure Rate Falls to 7.5% in November
IRVINE, Calif. — The mortgage delinquency rate nationwide fell slightly in November, down to 5.1%, a 0.1% decline from November 2016, reports CoreLogic.
Delinquencies are considered mortgages that were 30 days or more past due including those in foreclosure.
In the Youngstown-Warren-Boardman metropolitan statistical area, 7.5% of mortgages were delinquent in November 2017 compared with 8.3% in November 2016, representing a decrease of 0.8 percentage points.
Mortgages in serious delinquency (90-plus days past due) in the region totaled 3.1% in November compared with 3.8% in November 2016.
CoreLogic is a property information and analytics company that publishes a monthly report on mortgage loan performance.
Copyright 2020 The Business Journal, Youngstown, Ohio.