IE Business Daily Business news for the Inland Empire.
Foreclosure rates in the Inland Empire dropped slightly in September compared with one year earlier.
Foreclosures among outstanding mortgage loans in Riverside and San Bernardino counties in September was 0.71 percent, a drop of 0.23 percent compared with September 2014, according to data released Thursday by CoreLogic in Irvine.
The Inland Empire’s foreclosure rate was below the national rate – 1.23 percent – in September, CoreLogic stated.
Mortgage delinquencies were also down in the two-county region: 2.60 percent of all mortgage loans were past due by 90 days or more during September, down from 3.25 percent in September 2014, a decline of 0.65 percent.
The Inland Empire’s housing market, while far from its peak levels, continues to improve. At the start of this year, the region’s foreclosure rate was .86 percent, while 3.08 percent of its mortgage loans were 90 days or more past due, according to CoreLogic.
