Central Valley foreclosure rates fall in June

Source: The Business Journal

Foreclosure rates in Fresno decreased for the month of June over the same period last year, according to newly released data from CoreLogic, a property information, analytics and services provider in the United States and Australia. The CoreLogic data shows that the rate of Fresno area foreclosures among outstanding mortgage loans was 1.30 percent for the month of June, a decrease of 1.30 percentage points compared to June of 2012 when the rate was 2.6 percent. Foreclosure activity in Fresno was lower than the national foreclosure rate, which was 2.49 percent for June. Also in Fresno, the mortgage delinquency rate fell. According to CoreLogic data for June, 4.5 percent of mortgage loans were 90 days or more delinquent compared to 6.65 percent for the same period last year, representing a decrease of 2.15 percentage points. MADERA CoreLogic reported that foreclosure rates in Madera-Chowchilla decreased for the month of June over the same period last year. The rate of Madera-Chowchilla area foreclosures among outstanding mortgage loans was 1.47 percent for the month of June, a decrease of 1.59 percentage points compared to June of 2012 when the rate was 3.06 percent. Also in Madera-Chowchilla, the mortgage delinquency rate decreased. According to CoreLogic data for June, 4.72 percent of mortgage loans were 90 days or more delinquent compared to 7.62 percent for the same period last year, representing a decrease of 2.90 percentage points. HANFORD-CORCORAN CoreLogic data shows that foreclosure rates in Hanford-Corcoran decreased for the month of June over the same period last year. The rate of Hanford-Corcoran area foreclosures among outstanding mortgage loans was 1.47 percent for the month of June, a decrease of 0.98 percentage points compared to June of 2012 when the rate was 2.45 percent. Also in Hanford-Corcoran, the mortgage delinquency rate decreased. According to CoreLogic data for June, 5.4 percent of mortgage loans were 90 days or more delinquent compared to 7.04 percent for the same period last year, representing a decrease of 1.64 percentage points. VISALIA-PORTERVILLE Foreclosure rates in Visalia-Porterville decreased for the month of June over the same period last year. The CoreLogic data shows that the rate of Visalia-Porterville area foreclosures among outstanding mortgage loans was 1.28 percent for the month of June, a decrease of 1.45 percentage points compared to June of 2012 when the rate was 2.73 percent. Also in Visalia-Porterville, the mortgage delinquency rate fell. According to CoreLogic data for June, 4.50 percent of mortgage loans were 90 days or more delinquent compared to 6.81 percent for the same period last year, representing a decrease of 2.31 percentage points.

URL to original article: http://thebusinessjournal.com/news/real-estate/7616-central-valley-foreclosure-rates-fall-in-june

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