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Foreclosures up in Tacoma; 90-day deliquencies down since June, according to California firm

Post by C.R. Roberts / The News Tribune on Feb. 26, 2013 at 10:26 am |
February 26, 2013 10:26 am

The rate of foreclosure among outstanding mortgage loans was 3.95 percent in December last year, an increase of 1.77 percentage points compared to December, 2011, according to data released Tuesday.

The rate in December, 2011, was 2.18 percent, said CoreLogic, a California-based data analytics firm. Foreclosure activity in Tacoma was higher than the national foreclosure rate, which was 2.96 percent for December, 2012.

Also in Tacoma, the mortgage delinquency rate increased. According to CoreLogic data for December, 9.67 percent of mortgage loans were 90 days or more delinquent compared to 9.26 percent for the same period last year, representing an increase of 0.41 percentage points.

The statewide 90-day deliquency rate was 6.28 percent in December, the firm said in a release. This is less than the rate a year before, at 6.33 percent.

The Tacoma foreclosure rate, at 3.95 percent, was the highest for any month in CoreLogic’s records, which go back to January, 2010. The 90-day delinquency rate, at 9.67 percent, is less than seen in every month since June, 2012.

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