Foreclosure rates in the Los Angeles area were down for the month of June when compared with their levels a year ago, a data firm said Thursday.
For outstanding mortgage loans in the Los Angeles area, about 2.64% were in foreclosure compared with 2.93% the year prior, according to Santa Ana-based research firm CoreLogic.
Nationally, the foreclosure rate for mortgage loans was 3.46% in June.
The percentage of loans going into delinquency -- meaning the number of people falling behind on their mortgages -- also fell in June from the year prior. According to CoreLogic, 8.13% of mortgage loans were 90 days or more delinquent compared with 10.62% in June 2010, representing a sizable drop of 2.49%.
Nationally, the delinquency rate was 7.22%.
RELATED:
New-home slump keeping door shut on U.S. recovery
BofA, Chase must do more to help troubled homeowners, Obama administration says
White House forecasts high unemployment through 2012
-- Alejandro Lazo
Twitter.com/AlejandroLazo
Graphic: A breakdown of foreclosure rates in the Los Angeles area by ZIP Code. Credit: CoreLogic
No comments:
Post a Comment