IE Business Daily Business news for the Inland Empire.
Foreclosures in the Inland Empire were down year-over-year in July, according to data released Friday.
The rate of foreclosures among outstanding mortgage loans in the Inland region that month was 0.72 percent, down from 0.97 percent in July 2014, Irvine-based CoreLogic stated in its monthly report on U.S. foreclosures.
That was a drop of 0.25 percent.
The U.S. foreclosure rate in July was 1.26 percent, so the Riverside-San Bernardino-Ontario market outperformed the national market for at least one month.
Also, the Inland Empire’s delinquency rate fell during July: 2.66 percent of its mortgage loans were late by 90 days or more, compared with 3.30 percent one year earlier, a drop of 0.64 percent, according to CoreLogic.
