CoreLogic: Valley foreclosure rates remain low

Source: The Business Journal

Foreclosure rates in Fresno decreased for the month of January 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 0.93 percent for the month of January, a decrease of 0.57 percentage points compared to January of 2013 when the rate was 1.50 percent. Foreclosure activity in Fresno was lower than the national foreclosure rate, which was 1.97 percent for January 2014. Also in Fresno, the mortgage delinquency rate decreased. According to CoreLogic data for January, 3.58 percent of mortgage loans were 90 days or more delinquent compared to 5.48 percent for the same period last year, representing a decrease of 1.90 percentage points.

Madera
Foreclosure rates in Madera also decreased for the month of January over the same period last year, according to CoreLogic. The CoreLogic data reveals that the rate of Madera area foreclosures among outstanding mortgage loans was 0.97 percent for January, a decrease of 0.72 percentage points compared to January of 2013 when the rate was 1.69 percent. Also in Madera, the mortgage delinquency rate decreased. According to CoreLogic data for January, 4 percent of mortgage loans were 90 days or more delinquent compared to 5.83 percent for the same period last year, representing a decrease of 1.83 percentage points.

Visalia-Porterville
 Foreclosure rates in Visalia-Porterville decreased for the month of January over the same period last year. The CoreLogic data reveals that the rate of Visalia-Porterville area foreclosures among outstanding mortgage loans was 0.94 percent for the month of January, a decrease of 0.63 percentage points compared to January of 2013 when the rate was 1.57 percent. Also in Visalia-Porterville, the mortgage delinquency rate decreased. According to CoreLogic data for January, 3.83 percent of mortgage loans were 90 days or more delinquent compared to 5.53 percent for the same period last year, representing a decrease of 1.70 percentage points.

Hanford-Corcoran
Foreclosure rates in Hanford-Corcoran decreased for the month of January over the same period last year. The CoreLogic data reveals that the rate of Hanford-Corcoran area foreclosures among outstanding mortgage loans was 0.94 percent for January, a decrease of 0.87 percentage points compared to January of 2013 when the rate was 1.81 percent. Also in Hanford-Corcoran, the mortgage delinquency rate decreased. According to CoreLogic data for January, 4.38 percent of mortgage loans were 90 days or more delinquent compared to 6.32 percent for the same period last year, representing a decrease of 1.94 percentage points.

URL to original article: http://thebusinessjournal.com/news/real-estate/11368-corelogic-valley-foreclosure-rates-remain-low 

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