IE Business Daily Business news for the Inland Empire.
The Inland Empire’s mortgage crisis continues to ease.
The rate of foreclosures on outstanding loans in the two-county region fell nearly one percentage point in January compared with January 2013, according to report originally published in The Press-Enterprise.
That was below the national foreclosure rate of 1.97 percent during the first month of the year, according to the report, which cited CoreLogic, a real estate data company, as its source.
In January 2011, 13.8 percent of the all mortgage home loans in Riverside and San Bernardino counties were overdue by 90 days or more, according to the report.
