CoreLogic: Fresno foreclosure rates fall

Source: The Business Journal

Foreclosure rates in Fresno and nearby counties decreased for the month of September 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 the rate of Fresno area foreclosures among outstanding mortgage loans was 1.11 percent for the month of September, a decrease of 1.12 percentage points compared to Sept. 2012 when the rate was 2.23 percent. Foreclosure activity in Fresno was lower than the national foreclosure rate, which was 2.29 percent for Sept. 2013. Also in Fresno, the mortgage delinquency rate decreased. According to CoreLogic data for September, 3.97 percent of mortgage loans were 90 days or more delinquent compared to 6.18 percent for the same period last year, representing a decrease of 2.21 percentage points. Madera-Chowchilla Foreclosure rates in Madera-Chowchilla decreased for the month of September over the same period last year, according to CoreLogic data. The data reveals that the rate of Madera-Chowchilla area foreclosures among outstanding mortgage loans was 1.23 percent for the month of September, a decrease of 1.48 percentage points compared to Sept. 2012 when the rate was 2.71 percent. Also in Madera-Chowchilla, the mortgage delinquency rate decreased. Data for September shows 4.32 percent of mortgage loans were 90 days or more delinquent compared to 7.05 percent for the same period last year, representing a decrease of 2.73 percentage points. Hanford-Corcoran Foreclosure rates in Hanford-Corcoran decreased in September over the same period last year, CoreLogic reported. CoreLogic data shows that the rate of Hanford-Corcoran area foreclosures among outstanding mortgage loans was 1.31 percent for September, a decrease of 0.88 percentage points compared to Sept. 2012 when the rate was 2.19 percent. Also in Hanford-Corcoran, the mortgage delinquency rate decreased. CoreLogic data for September showed 5.03 percent of mortgage loans were 90 days or more delinquent compared to 6.72 percent for the same period last year, representing a decrease of 1.69 percentage points. Visalia-Porterville Foreclosure rates in Visalia-Porterville decreased for the month of September over the same period last year, CoreLogic reported. The CoreLogic data shows that the rate of Visalia-Porterville area foreclosures among outstanding mortgage loans was 1.15 percent for the month of September, a decrease of 1.12 percentage points compared to Sept. 2012 when the rate was 2.27 percent. Also in Visalia-Porterville, the mortgage delinquency rate decreased. Data for September showed 4.14 percent of mortgage loans were 90 days or more delinquent compared to 6.23 percent for the same period last year, representing a decrease of 2.09 percentage points.

URL to original article: http://www.thebusinessjournal.com/news/real-estate/9785-corelogic-fresno-foreclosure-rates-fall

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