IE Business Daily Business news for the Inland Empire.
The Inland Empire’s foreclosure rate dropped in September, another sign that the region’s economy continues to mend.
Among all outstanding mortgage loans in the two-county region, 0.49 percent were in some state of foreclosure, a drop of 0.23 percentage points year-over-year, Irvine-based CoreLogic reported.
That was lower than the national foreclosure rate, 0.86 percent, for September.
The Inland Empire’s mortgage delinquency rate also fell: 1.99 percent of all mortgages in Riverside and San Bernardino counties were 90 days delinquent or more during September, a year-over-year drop of 0.63 percentage points, according to CoreLogic.
