Area Foreclosures, Mortgage Delinquencies Decline in July
IRVING, Calif. -- Foreclosure and mortgage delinquency rates in the Youngstown-Warren-Boardman Ohio-Pa. metropolitan statistical area decreased for the month of July over the same period last year, according to the latest monthly data from provided by CoreLogic,
The rate of foreclosures for the area was 2.35% in July, down 1.17 percentage points from July 2013’s 3.52%. The MSA’s July foreclosure rate was higher than the national rate for the month, 1.66%. In Ohio, 1.63% of loans were in foreclosure in July, down 0.83% from 2.46% in July 2013.
During July, 6.3% of mortgage loans in the MSA were 90 days or more delinquent, CoreLogic reported. That compared to 7.27% for the same month a year earlier, a decrease of 0.97 percentage points.
In Ohio, 4.65% of mortgages were 90 or more days delinquent in July, down from 5.67% in July 2013.
SOURCE: CoreLogic.
Published by The Business Journal, Youngstown, Ohio.
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