IE Business Daily Business news for the Inland Empire.
Foreclosure rates in the Inland Empire were down in August year-over-year, according to data released Thursday.
The foreclosure rate for Riverside and San Bernardino counties during that month was 0.71 percent, down from 0.94 percent in August 2014, a decrease of 0.23 percentage points, Irvine-based CoreLogic reported in its monthly assessment of foreclosures.
That was lower than the national foreclosure rate, which was 1.25 percent in August, according to CoreLogic.
Foreclosures in the two-county region have dropped steadily since February, when the foreclosure rate was 0.87 percent, its highest rate so far this year.
The Inland Empire’s mortgage delinquency rate also dropped in August: 2.63 percent of all mortgage loans in the region were 90 days or more past due compared with 3.30 percent in August 2014, a drop of 0.67 percent, CoreLogic reported.
