IE Business Daily Business news for the Inland Empire.
Only 4.3 percent of all Inland Empire mortgages were delinquent by at least 30 days during November, a year-over-year drop of 0.5 percent, according to data released today.’
The region’s serious delinquency rate – 90 days or more past due – was 1.3 percent, down 0.4 percent compared with November 2016, Irvine-based CoreLogic reported.
The foreclosure inventory rate for Riverside and San Bernardino counties was 0.3 percent, down slightly year-over year.
CoreLogic’s data includes distressed sales, meaning properties that are sold at a loss, usually so the seller can raise cash quickly.
Foreclosure inventory measures the share of properties in some state of foreclosure.
Nationwide, 5.1 percent of all mortgages were 30 days late, and foreclosure inventory was 0.6 percent, both virtually unchanged from the previous year. Foreclosure inventory has been 0.6 percent since August, CoreLogic reported.
