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Mortgage delinquencies drop for 22nd straight month

Late payments on mortgages nationwide dropped for the 22nd consecutive month in January, according to data released today.

During January, 2.8 percent of all mortgages in the United States were in some stage of delinquency, meaning 30 days or more past due including foreclosures, Irvine-based CoreLogic reported.

That was a 0.5 percentage point decrease year-over-year, compared with 3.3 from January 2022 and a 0.2 percent drop from the prior month.

Delinquencies 60 to 89 days late were at 0.4 percent, essentially unchanged from January 2022, while delinquencies 90 days or more past due Рforeclosures included  Рstood at 1.2 percent, down from 1.8 percent in January 2022.

Only 0.3 percent of all mortgages were in foreclosure, essentially unchanged from January 2022.

In the Inland Empire, mortgages 30 days or more past due were at 2.7 percent, down 1.5 percent year-over-year, while mortgages 90 day or more registered one percent, down 0.7 percent year-over-year.

Foreclosures were at 0.2 percent, unchanged from January 2022, CoreLogic reported.

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