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published on June 28, 2016 - 11:14 PM
Written by The Business Journal Staff
Central Valley foreclosure activity continued to trend downward in April, with Fresno, Kings, Madera and Tulare counties all boasting better rates than the national average.

In Fresno, the April foreclosure rate was 0.56 percent, down from 0.71 percent a year ago. The mortgage delinquency rate also fell, from 2.46 percent in April 2015 to 2.09 percent in April of this year, according to new data from real estate information firm CoreLogic.

A mortgage is considered delinquent if it is 90 days or more in arrears.

In the Hanford-Corcoran region the April foreclosure rate was 0.66 percent, down from 0.82 last year. The delinquency rate also decreased, from 3.25 percent last year to 2.57 percent this year.

The April foreclosure rate in Madera was 0.58 percent, down from 0.87 percent a year ago. The mortgage delinquency rate also fell, from 2.91 percent a year ago to 2.4 percent in April of this year.

The national foreclosure rate in April was 1.03 percent, down from 1.35 percent a year ago. The national delinquency rate was 2.94 percent in April, down from 3.68 percent a year ago.

California’s April foreclosure rate was 0.38 percent, down from 0.51 percent a year ago. The delinquency rate also fell in the period, from 1.49 percent in April from 1.84 percent a year ago.


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