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Mortgage foreclosures down in Tacoma in April, but delinquencies rise

Post by C.R. Roberts / The News Tribune on June 27, 2012 at 12:46 pm with No Comments »
June 27, 2012 2:23 pm

Foreclosures are down but delinquencies are up in Tacoma.

The analytics firm CoreLogic reported this week that the Tacoma foreclosure rate – for foreclosures among outstanding mortgage loans – fell to 2.12 percent in April, a decrease of 1.04 percent compared to April 2011.

Foreclosures in Tacoma were was lower than the national average of 3.41 percent in April, the company said.

However, the mortgage delinquency rate increased in April, when 9.24 percent of mortgage loans in Tacoma were 90 days or more delinquent. This compares to 8.52 percent for the same period a year ago.

Statewide, the delinquency rate was 6.31 percent, up from 6.01 percent in April 2011. The foreclosure rate statewide fell 0.76 percent to 1.45 percent from 2.21 percent the year before.

The nationwide delinquency rate, at 7.07 percent, was down 0.33 percent in April.

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