CoreLogic, a Santa Ana-based real estate tracking firm, reports this week that Fresno County’s foreclosure rate, which measures the percentage of loans in some stage of foreclosure, continues to fall.
Last month, the rate of foreclosure among outstanding mortgage loans was 0.79% last month compared to 1.17% a year earlier. Fresno’s foreclosure rate was lower than the national rate, which was 1.6%.
Mortgage delinquency rates fell too. In September, 2.82% of mortgage loans were 90 days or more late compared to 4.02% in September 2013.
That’s an improvement from 2011 when delinquency rates were well above 10%.