Foreclosure Rates Fall in Region, Still Above Nation

YOUNGSTOWN, Ohio -- Foreclosure rates in the Youngstown-Warren-Boardman area decreased for the month of May over the same period last year, according to newly released data from CoreLogic.

The CoreLogic data reveals that the rate of Youngstown-Warren-Boardman area foreclosures among outstanding mortgage loans was 2.48% during May, a decrease of 1.38 percentage points compared to May of 2013 when the rate was 3.86%.

Still, foreclosure activity in Youngstown-Warren-Boardman was higher than the national foreclosure rate, which was 1.73% for May.

Also in Youngstown-Warren-Boardman, the mortgage delinquency rate decreased. According to CoreLogic data for May, 6.39% of mortgage loans were 90 days or more delinquent compared to 7.42% for the same period last year, representing a decrease of 1.03 percentage points.

CoreLogic, based in Irvine, Calif., is a global provider of property information, analytics and data-enabled services. markets CoreLogic serves include real estate and mortgage finance, insurance, capital markets, and the public sector.

SOURCE: CoreLogic

Published by The Business Journal, Youngstown, Ohio.
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