CoreLogic Reports U.S. Overall Delinquency and Foreclosure Rates Are Lowest for November Since at Least 2000
- Delinquency rates rose year over year in some areas throughout California and the Southeast due to natural disasters
- U.S. serious delinquency rate was the lowest for a November in 12 years
- No state logged gains in overall or serious delinquency rate in November
IRVINE, Calif. — (BUSINESS WIRE) — February 12, 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, 4.1 percent of mortgages were in some stage of delinquency (30 days or more past due, including those in foreclosure) in November 2018, representing a 1.1 percentage point decline in the overall delinquency rate compared with November 2017, when it was 5.2 percent.
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CoreLogic Chief Economist Dr. Frank Nothaft (Photo: Business Wire)
As of November 2018, the foreclosure inventory rate – which measures the share of mortgages in some stage of the foreclosure process – was 0.4 percent, down 0.2 percentage points from November 2017. The November 2018 foreclosure...