CoreLogic: Fresno foreclosures down from last year

Source: The Business Journal
Written by Ben Keller

Foreclosure rates in Fresno fell in July over the same period last year, according to newly released data from CoreLogic. Fresno area foreclosures in the month stood at 2.53 percent among outstanding mortgage loans compared with 2.90 percent in July 2011, marking 11 consecutive months of declines. That also beat the national foreclosure rate, which fell from 3.46 percent to 3.25 percent over the year but not California's foreclosure rate, which fell from 2.61 percent to 2.17 percent. The mortgage delinquency rate in Fresno also decreased, with 6.49 percent of mortgage loans more than 90 days delinquent in July compared with 8.36 percent last year. The national delinquency rate stood at 6.71 percent in July compared with 7.23 percent last year while California's rate fell 7.81 percent to 5.82 percent. Fresno's foreclosure rate in June was 2.57 percent while it's delinquency rate was 6.49 percent.

URL to original article: http://www.thebusinessjournal.com/news/real-estate/3371-corelogic-fresno-foreclosures-down-from-last-year

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