Inland Empire Foreclosures Drop Slightly

Foreclosures took a modest drop in the Inland Empire during March.

The foreclosure rate among outstanding mortgages in Riverside and San Bernardino counties stood at 0.64 percent, down from 0.85 percent in March 2015, according to data released Tuesday by CoreLogic in Irvine.

That was below the national foreclosure rate of 1.09 percent, CoreLogic reported.

The mortgage delinquency rate also dropped in Riverside and San Bernardino counties during the third month of this year: 2.35 percent of all mortgage loans in the region were overdue by 90 days more compared with 2.82 percent in March 2015.

Nationwide, 3.03 percent of all mortgage loans were delinquent by 90 days or more during March, down from 3.79 percent exactly one year earlier, CoreLogic reported.