Bellingham foreclosure rate down to 0.75 percent

The rate of foreclosures among outstanding mortgage loans decreased again, according to the latest data from CoreLogic, national providers of financial, property and consumer data. The delinquency rate, or rate of mortgage loan payments 90 or more days delinquent, also decreased.

Both figures have been declining for more than two years.

The rate of foreclosures on outstanding loans in Bellingham was 0.75 percent in January 2015, the latest month for which data is available. That’s a 0.34 percent decrease compared to January 2014, and a 0.03 decrease compared to December 2015.

The mortgage delinquency rate in Bellingham decreased to 2.10 percent, which is down 1 percent from January 2014 and 0.08 percent from December 2015.

Here’s the data:

Location 90+ Day Delinquency Rate January 2015 90+ Day Delinquency Rate January 2014 Percentage Point Change in 90+ Day Delinquency Rate Foreclosure Rate January 2015 Foreclosure Rate January 2014 Percentage Point Change in Foreclosure Rate
Washington 3.25% 4.60% -1.35% 1.22% 1.81% -0.59%
Bellingham, WA 2.10% 3.10% -1.00% 0.75% 1.09% -0.34%
US 4.02% 5.01% -0.99% 1.46% 2.04% -0.58%
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