Foreclosure rates in the New York-White Plains-Wayne area fell in June over the same period last year, according to a CoreLogic report released today.
The rate among outstanding mortgage loans dropped to 5.03 percent — a year-over-year decrease of 0.46 percentage points. In May, the rate was 5.49 percent.
Foreclosure activity in the region, however, was higher than the national average. Nationally, the rate reached 2.49 percent.
There was also a decrease in the New York-White Plains-Wayne mortgage delinquency rate. A total of 8.36 percent of mortgages loans were 90 days or more delinquent, a 0.42 percentage point decrease compared to the same period last year. This is also a month-over-month decrease for the delinquency rate, which in May was at 8.78 percent. — Mark Maurer