CoreLogic: Fresno area foreclosures fall

Source: The Business Journal

Foreclosure rates in Fresno decreased for the month of April 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 the rate of Fresno area foreclosures among outstanding mortgage loans was 0.90 percent in April, a decrease of 0.49 percentage points compared to April of 2013 when the rate was 1.39 percent. Foreclosure activity in Fresno was lower than the national foreclosure rate, which was 1.77 percent for April. Also in Fresno, the mortgage delinquency rate decreased. According to CoreLogic data for April, 3.18 percent of mortgage loans were 90 days or more delinquent compared to 4.88 percent for the same period last year, representing a decrease of 1.70 percentage points.

 Madera

Foreclosure rates in Madera decreased for the month of April over the same period last year, according to the CoreLogic data. The rate of Madera area foreclosures among outstanding mortgage loans was 1.02 percent for April, a decrease of 0.60 percentage points compared to April of 2013 when the rate was 1.62 percent. Also in Madera, the mortgage delinquency rate decreased. According to CoreLogic data for April, 3.60 percent of mortgage loans were 90 days or more delinquent compared to 5.17 percent for the same period last year, representing a decrease of 1.57 percentage points.

 Visalia-Porterville

 Foreclosure rates in Visalia-Porterville decreased in April over the same period last year, according to CoreLogic data. The data shows that the rate of Visalia-Porterville area foreclosures among outstanding mortgage loans was 0.91 percent for the month of April, a decrease of 0.51 percentage points compared to April of 2013 when the rate was 1.42 percent. Also in Visalia-Porterville, the mortgage delinquency rate decreased. According to CoreLogic data for April, 3.44 percent of mortgage loans were 90 days or more delinquent compared to 4.78 percent for the same period last year, representing a decrease of 1.34 percentage points.

 Hanford-Corcoran

Foreclosure rates in Hanford-Corcoran decreased for the month of April over the same period last year. The CoreLogic data shows the rate of Hanford-Corcoran area foreclosures among outstanding mortgage loans was 1.11 percent for April, a decrease of 0.51 percentage points compared to April of 2013 when the rate was 1.62 percent. Also in Hanford-Corcoran, the mortgage delinquency rate decreased. According to the data for April, 3.90 percent of mortgage loans were 90 days or more delinquent compared to 5.62 percent for the same period last year, representing a decrease of 1.72 percentage points.

URL to original article: http://www.thebusinessjournal.com/news/real-estate/12659-corelogic-fresno-area-foreclosures-fall 

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