IE Business Daily Business news for the Inland Empire.
The Inland Empire’s foreclosure rate was essentially unchanged in July, according to data released Wednesday.
Of the region’s outstanding mortgage loans, 0.54 percent were in foreclosure, down from 0.74 percent in July 2015, Irvine-based CoreLogic reported.
That was below July’s national foreclosure rate, which was 0.93 percent.
The Inland Empire’s mortgage delinquency rate also fell slightly during July: 2.19 percent of the outstanding mortgages in Riverside and San Bernardino counties were delinquent by 90 or more days, compared with 2.68 percent exactly one year earlier.
Nationwide, 2.82 percent of all mortgages were at least 90 days delinquent in July, down from 3.56 percent in July 2015, CoreLogic reported.
The foreclosure rate includes all mortgage loans, including real estate-owned properties, that are in some state of foreclosure.
