published on January 29, 2016 - 11:02 PM
Written by The Business Journal Staff
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According to new data from CoreLogic, the rate of Fresno area foreclosure among outstanding mortgage loans was 0.57 percent for November 2015, a decrease of 0.19 percentage points compared with November 2014.


Foreclosure activity in Fresno during November 2015 was lower than the national foreclosure rate, which was 1.17 percent.

Also in Fresno, the mortgage delinquency rate decreased. According to CoreLogic data for November 2015, 2.34 percent of mortgage loans were 90 days or more delinquent compared with 2.82 percent for the same period last year.

In the Madera area, foreclosures among outstanding mortgage loans was 0.76 percent for November 2015, a decrease of 0.13 percentage points compared with November 2014.

The mortgage delinquency rate in Madera also decreased. According to CoreLogic data for November 2015, 2.74 percent of mortgage loans were 90 days or more delinquent compared with 3.20 percent for the same period last year.

Visalia-Porterville area foreclosures among outstanding mortgage loans were 0.62 percent for November 2015, a decrease of 0.18 percentage points compared with November 2014.

Also in Visalia-Porterville, the mortgage delinquency rate decreased. According to CoreLogic data for November 2015, 2.51 percent of mortgage loans were 90 days or more delinquent compared with 3.08 percent for the same period last year.

The declining pattern was similar in the Hanford-Corcoran area, where foreclosures among outstanding mortgage loans was 0.78 percent for November 2015, a decrease of 0.17 percentage points compared with November 2014.

Also in Hanford-Corcoran, the mortgage delinquency rate decreased. According to CoreLogic data for November 2015, 2.99 percent of mortgage loans were 90 days or more delinquent compared with 3.66 percent for the same period last year.


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