Foreclosure, mortgage delinquency rates dropped in August

Foreclosure rates for August in Bellingham decreased by 0.26 percentage points from August 2013, according to new data released by CoreLogic.

The foreclosure rate among outstanding mortgage loans was 0.91 percent. That’s lower than the statewide rate of 1.44 percent and the national rate of 1.61 percent for August 2014.

The mortgage delinquency rate in Bellingham also decreased in August. According to the CoreLogic data, 2.5 percent of mortgage loans were 90 days or more delinquent. During the same period in 2013, 3.42 percent of mortgage loans were 90 days or more delinquent.

Bellingham, WA 90+ Day Delinquency Rate Foreclosure Rate
August 2014 2.50% 0.91%
July 2014 2.62% 1.00%
June 2014 2.63% 1.03%
May 2014 2.71% 1.07%
April 2014 2.78% 1.04%
March 2014 2.85% 1.07%
February 2014 2.94% 1.11%
January 2014 3.05% 1.08%
December 2013 3.10% 1.19%
November 2013 3.20% 1.19%
October 2013 3.21% 1.14%
September 2013 3.28% 1.13%
August 2013 3.42% 1.17%
July 2013 3.60% 1.29%
June 2013 3.72% 1.38%
May 2013 3.73% 1.40%
April 2013 3.76% 1.41%
March 2013 3.92% 1.46%
February 2013 4.05% 1.46%
January 2013 4.16% 1.58%
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