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News : Real Estate Apr 29, 2015 - 8:58:58 AM

CoreLogic: Foreclosure Rates in Bridgeport-Stamford-Norwalk Decrease

By CoreLogic

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Foreclosure rates in Bridgeport-Stamford-Norwalk decreased for the month of February over the same period last year, according to newly released data from CoreLogic.

The CoreLogic data reveals that the rate of Bridgeport-Stamford-Norwalk area foreclosures among outstanding mortgage loans was 2.07 percent for the month of February 2015, a decrease of 0.98 percentage points compared to February of 2014 when the rate was 3.05 percent. Foreclosure activity in Bridgeport-Stamford-Norwalk was higher than the national foreclosure rate, which was 1.43 percent for February 2015.

Also in Bridgeport-Stamford-Norwalk, the mortgage delinquency rate decreased. According to CoreLogic data for February 2015, 4.98 percent of mortgage loans were 90 days or more delinquent compared to 5.94 percent for the same period last year, representing a decrease of 0.96 percentage points.

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