IE Business Daily Business news for the Inland Empire.
Inland Empire residents are apparently getting better about paying their mortgages.
Four point seven percent of all home mortgages in Riverside and San Bernardino counties were delinquent by at least 30 days in February, down from 5.3 percent in February 2016, according to data released by CoreLogic in Irvine.
That was below the national rate of five percent.
Inland Empire mortgages in serious delinquency – past due by 90 days or more – totaled 1.6 percent in February, down 0.5 percent year-over-year. The region’s total foreclosure inventory rate during the second month of the year was 0.4 percent, down from 0.6 percent exactly one year earlier, CoreLogic reported.
