IE Business Daily Business news for the Inland Empire.
The Inland Empire’s foreclosure rate dropped slightly in December, according to data released Thursday.
Riverside and San Bernardino counties’ foreclosure rate among outstanding mortgages was 0.47 percent during the last month of 2016, down from 0.70 percent in December 2015, Irvine-based CoreLogic reported.
That was below the national foreclosure rate – 0.85 percent – recorded in December.
The Inland Empire also saw a drop in its mortgage delinquency rate: 1.96 percent of the region’s mortgages in December were overdue by 90 or more days, compared with 2.5 percent in December 2015, according to CoreLogic.
