NYC-area foreclosure rates slip in June: CoreLogic

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.

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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