IE Business Daily Business news for the Inland Empire.
Two point eight percent of all U.S mortgages were in some stage of delinquency in October, a year-over-year drop of one percent, according to a report.
Of those, mortgages 30 to 59 days past due stood at 1.3 percent, while those 60 to 89 days past due made up 0.4 percent of all overdue house payments, CoreLogic in Irvine reported.
Both were declines of 0.1 percent.
Nationwide, mortgage delinquencies have dropped for 19 consecutive months.
Serious delinquencies – 90 days or more past due, including foreclosures – were at 1.2 percent, down one percent year-over-year. The foreclosure inventory rate – properties in some stage of foreclosure – was 0.3 percent, essentially unchanged from October, according to CoreLogic.
Two point seven percent of all Inland Empire mortgages were classified as early-stage delinquencies in October, down from 3.6 percent exactly one year earlier.
The two-county region’s serious delinquencies and its foreclosure rate were 1.0 percent and 0.2 percent, respectively, a drop of 1.1 percent and an increase of 0.1 percent year-over-year, CoreLogic reported.
