NYC-area foreclosures decrease in April: CoreLogic

TRD New York /
Jun.June 25, 2013 02:00 PM

Foreclosure rates in the New York-White Plains-Wayne area decreased in April over the same period last year, according to a CoreLogic report issued today.

The rate among outstanding mortgage loans slipped to 5.15 percent — a year-over-year decrease of 0.51 percentage points. In March, the rate was 5.6 percent.

On the macro level, however, foreclosure activity in this region was higher than the national average. Nationally, the rate ticked in at 2.65 percent.

There was also a decrease in the New York-White Plains-Wayne mortgage delinquency rate. A total of 8.51 percent of mortgages loans were 90 days or more delinquent, a 0.21 percentage point decrease compared to the same period last year. This is also a month-over-month decrease for the delinquency rate, which in March was at 8.76 percent.

Again, the greater New York area’s mortgage delinquency rate ranked higher than the national average, which was 5.76 percent in April. This marks an annual decrease of 1.19 percentage points. —Zachary Kussin

Related Articles

Thor Equities' Joe Sitt and 725 8th Avenue (Credit: Google Maps)

Thor facing foreclosure at Theater District building

Home foreclosures dropped nearly 20% in Q3, report shows

Home foreclosures dropped nearly 20% in Q3, report shows

Manhattan’s 10019 zip code, which covers Midtown, Times Square, Herald Square and Midtown South, saw the most foreclosures in the borough with eight. (Credit: iStock)

Manhattan foreclosures soar 118%, driven by mortgage defaults

15 East 63rd Street and Oleg Cassini (Credit: Google Maps and Getty Images)

Oleg Cassini’s former UES headquarters faces foreclosure

Mayor Bill de Blasio and Frank Carone (Credit: Getty Images)

City tapped De Blasio donor to take over foreclosed properties

416 West 25th Street and Maverick Real Estate Partners principal David Aviram (Credit: Google Maps and LinkedIn)

Lenders in glass houses? Judge rules Maverick can’t foreclose on Chelsea property because it violated loan agreement

Foreclosure starts are up in 17 states and a number of major cities. (Credit: iStock)

Nationwide foreclosure rates continue to drop, but problem areas remain

The Bluestone Group's Eli Tabak and 90-02 Queens Boulevard (Credit: Eli Tabak)

Bluestone buys Queens building for $85M at foreclosure auction