Inland delinquent mortgages drop

Four point three percent of all Inland Empire mortgages were delinquent by at least 30 days in September, a drop of 0.5 percent year-over-year, according to data released Wednesday.

Inland mortgages in serious delinquency – 90 days or more past due – totaled 1.4 percent in September, down 0.3 percent during that time, Irvine-based CoreLogic reported.

The foreclosure rate in Riverside and San Bernardino counties was 0.3 percent, essentially unchanged compared with one year earlier.

Nationwide, five percent of all mortgages were in some stage of delinquency during September down from 5.2 percent.

The national foreclosure inventory rate, which measures the share of mortgages in some stage of delinquency, was 0.6 percent, down from 0.8 percent year-over-year. August and September of this year posted the lowest foreclosure rate since June 2007, when it was also 0.6 percent.

Early-stage delinquencies – 30-59 days past due – were 2.4 percent in September, up 0.3 percentage points from September 2016. That increase was caused mainly by the damage done by the hurricanes in Texas and Florida, CoreLogic reported.