Local, national home foreclosures decline

Three point eight percent of all mortgages in the United States were at least 30 days past due in September, a year-over-year decline of 0.6 percent, according to CoreLogic in Irvine.

The national foreclosure inventory rate – all properties in some state of foreclosure – was 0.4 percent, virtually unchanged from one year earlier and the lowest rate for any month since at least January 1999, CoreLogic reported in its monthly analysis of the mortgage industry.

The serious delinquency rate – defined as 90 days or more past due, including loans in foreclosure – was 1.3 percent in September 2019, down from 1.5 percent in September 2018. 

Those numbers have been essentially the same since April

In the Inland Empire, 3.7 percent of all mortgages were at least 30 days past due, down form 4.2 percent one year earlier.  One percent of those were classified as serious delinquencies, uncharged from September 2018.

The Inland region’s foreclosure rate in September was 0.2 percent, also unchanged year-over-year, according to CoreLogic.