CoreLogic Reports Lowest U.S. Foreclosure Rate for a March in at
CoreLogic Reports Lowest U.S. Foreclosure Rate for a March in at Least 20 Years; Overall and Serious Delinquency Rates for a March at 13 Year Lows
- Twenty-one states logged a small annual gain in overall delinquency rate
- Some hurricane and wildfire areas in the Southeast and California continue to log relatively high delinquency rates
IRVINE, Calif. — (BUSINESS WIRE) — June 11, 2019 — CoreLogic® (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today released its monthly Loan Performance Insights Report. The report shows that nationally 4% of mortgages were in some stage of delinquency (30 days or more past due, including those in foreclosure) in March 2019, representing a 0.3-percentage-point decline in the overall delinquency rate compared with March 2018, when it was 4.3%. This was the lowest for the month of March in 13 years.
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Highest Annual Gains in Serious Delinquency Rate for Core-Based Statistical Areas (CBSAs); CoreLogic March 2019 (Graphic: Business Wire)
As of March 2019, the foreclosure inventory rate – which measures the share of mortgages in some stage of the foreclosure process – was 0.4%, down...