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New York

Foreclosure rates worsen in New York area

Foreclosure rates in New York-White Plains-Wayne jumped to 5.08 percent in March, according to a report by CoreLogic, up 1.47 percent from March 2010 when the rate was 3.61 percent. Foreclosure activity in the area remains higher than the national average which was 3.57 percent in March this year.

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The mortgage delinquency rate in New York-White Plains-Wayne has also increased. According to CoreLogic data, 8.48 percent of mortgage loans were 90 days or more delinquent compared to 8.25 percent for the same period last year.

As The Real Deal previously reported, foreclosure rates for the New York-White Plains-Wayne areas first surpassed 3 percent in July 2009. Wayne is a town in northeast corner of Steuben County, New York. TRD

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CorelogicForeclosuresWhite Plains