Mortgage delinquencies fall, locally and nationally

By on June 15, 2017
“Underwater” Home Decline

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.