September Foreclosures Decline Here, Statewide, Nationally

IRVINE, Calif. – Foreclosure rates in September in Mahoning and Trumbull counties in Ohio and Mercer County, Pa. were higher than the national rate, despite declining from a year ago, the financial analytics firm CoreLogic reported this morning.

The rate of foreclosures among outstanding mortgage loans in the region that makes up the Youngstown-Warren-Boardman metropolitan statistical area was 1.85% in September, down from 2.16% in September 2014, but higher than the national foreclosure rate for the month, 1.23%. The U.S. rate was 1.60% in September 2014.

The foreclosure rate for Ohio was 1.30% in September, down from 1.56% in September 2014.

Also in Youngstown-Warren-Boardman, the mortgate delinquency rate fell over the year. In September, CoreLogic reported, 5.09% of mortgage loans were 90 or more days delinquent compared with 6.12% for the same period in 2014.

In Ohio, the 90-day delinquency rate was 3.74% in September, down from 4.56% in September 2014. The national rate fell to 3.40%  from 4.24% in September 2014.

Copyright 2022 The Business Journal, Youngstown, Ohio.