Mortgage delinquencies fall, locally and nationally
Four point one percent of mortgages in the Inland Empire were delinquent during March, down from 4.8 percent year-over-year, according to data released Tuesday.
Mortgages that were seriously delinquent – 90 days or more overdue – in Riverside and San Bernardino counties totaled 1.5 percent, down from two percent in March 2016, Irvine-based CoreLogic reported.
Nationwide, 4.4 percent of all mortgages were in some state of delinquency during the third month of the year, a 0.8 percent decline year-over year. That was the lowest delinquency rate in 10 years, CoreLogic stated.