IE Business Daily Business news for the Inland Empire.
Foreclosures in the Inland Empire dropped in February, according to data released Tuesday.
The rate of foreclosures among outstanding mortgage loans in the two-county region during the second month of the year was 0.67 percent, a drop of 0.21 percentage points year-over-year, Irvine-based CoreLogic reported.
That was well below the national foreclosure rate, which was 1.13 percent in February.
Mortgage delinquency in Riverside and San Bernardino counties also decreased in February: 2.45 percent of all mortgage loans were delinquent by 90 or more days during that month, down from 3.01 percent during February 2015, a drop of 0.56 percentage points, according to CoreLogic.
