IE Business Daily Business news for the Inland Empire.
Foreclosures in the Inland Empire dropped slightly in April.
The foreclosure rate on outstanding mortgage loans in Riverside and San Bernardino counties fell 0.18 percent compared with April 2015, to a total of 0.61 percent, Irvine-based CoreLogic reported Tuesday.
That was below the national rate of foreclosures – 1.03 percent – recorded in April, according to CoreLogic.
The Inland Empire also saw its mortgage delinquency rate drop during the fourth month of the year: 2.27 percent of the region’s mortgage loans were overdue by 90 or more days compared with 2.73 percent one year earlier, a decline of 0.46 percent.
Since last August, serious delinquencies in the Inland Empire have dropped in all but one month, CoreLogic reported.
California’s foreclosure rate was 0.4 percent in April, and its serious delinquency rate was 1.5 percent, a drop of 18.9 percent from April 2015, CoreLogic reported earlier this month.
