IE Business Daily Business news for the Inland Empire.
The Inland Empire recorded a foreclosure rate of 0.70 percent in December, down 0.18 percent year-over-year, according to data released Tuesday.
Foreclosure activity in Riverside and San Bernardino counties during the last month of 2015 was lower than the national foreclosure rate, which was 1.20 percent, Irvine-baed CoreLogic reported in its monthly foreclosure report.
The Inland Empire’s mortgage delinquency rate also fell in December: 2.50 percent of all Inland Empire mortgage loans were 90 days or more delinquent during that month compared with 3.14 percent one year earlier, a drop of 0.64 percent, CoreLogic reported.
