Valley foreclosures still falling

Source: The Business Journal

 Foreclosure rates in Fresno and other Central Valley locations decreased for the month of March over the same period last year, according to newly released data from CoreLogic, a global property information, analytics and data-enabled services provider. The CoreLogic data shows that the rate of Fresno area foreclosures among outstanding mortgage loans was 0.91 percent for March, a decrease of 0.57 percentage points compared to March of 2013 when the rate was 1.48 percent. Foreclosure activity in Fresno was lower than the national foreclosure rate, which was 1.86 percent for March. Also in Fresno, the mortgage delinquency rate decreased. According to CoreLogic data for March, 3.32 percent of mortgage loans were 90 days or more delinquent compared to 5.11 percent for the same period last year, representing a decrease of 1.79 percentage points.

 Madera
 Foreclosure rates in Madera decreased for the month of March over the same period last year, according to CoreLogic data. The data shows that the rate of Madera area foreclosures among outstanding mortgage loans was 1.05 percent for the month of March, a decrease of 0.61 percentage points compared to March of 2013 when the rate was 1.66 percent. Also in Madera, the mortgage delinquency rate decreased. According to CoreLogic data for March, 3.74 percent of mortgage loans were 90 days or more delinquent compared to 5.41 percent for the same period last year, representing a decrease of 1.67 percentage points.

Hanford-Corcoran
 Foreclosure rates in Hanford-Corcoran decreased for the month of March over the same period last year, according to newly released data from CoreLogic. The rate of Hanford-Corcoran area foreclosures among outstanding mortgage loans was 1.06 percent for the month of March, a decrease of 0.61 percentage points compared to March of 2013 when the rate was 1.67 percent. Also in Hanford-Corcoran, the mortgage delinquency rate decreased. According to CoreLogic data for March, 3.88 percent of mortgage loans were 90 days or more delinquent compared to 5.92 percent for the same period last year, representing a decrease of 2.04 percentage points.

 Visalia-Porterville
Foreclosure rates in Visalia-Porterville decreased for the month of March over the same period last year, according to CoreLogic data. The rate of Visalia-Porterville area foreclosures among outstanding mortgage loans was 0.97 percent for the month of March, a decrease of 0.60 percentage points compared to March of 2013 when the rate was 1.57 percent. Also in Visalia-Porterville, the mortgage delinquency rate decreased. According to CoreLogic data for March, 3.59 percent of mortgage loans were 90 days or more delinquent compared to 5.06 percent for the same period last year, representing a decrease of 1.47 percentage points.

URL to original article:  http://www.thebusinessjournal.com/news/real-estate/12198-valley-foreclosures-still-falling

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