Bellingham foreclosure rate still ahead of 2012 level

Foreclosure rates in Bellingham increased for the month of February over the same period last year, according to newly released data from CoreLogic.

The rate of Bellingham-area foreclosures among outstanding mortgage loans was 1.46 percent for the month of February 2013, an increase of 0.38 percentage points compared to February of 2012 when the rate was 1.08 percent. The rate was lower, however, than the 1.58 percent rate in January 2013.

The Bellingham foreclosure rate was lower in February 2013 than the statewide rate of 2.37 percent.

Foreclosure activity in Bellingham was also lower than the national foreclosure rate, which was 2.85 percent for February 2013.

Also in Bellingham, the mortgage delinquency rate decreased. According to CoreLogic data for February 2013, 4.01 percent of mortgage loans were 90 days or more delinquent compared to 4.33 percent for the same period last year, representing a decrease of 0.32 percentage points.

Bellingham, WA 90+ Day Delinquency Rate Foreclosure Rate
February 2013 4.01% 1.46%
January 2013 4.13% 1.58%
December 2012 4.16% 1.58%
November 2012 4.15% 1.53%
October 2012 4.16% 1.49%
September 2012 4.26% 1.52%
August 2012 4.32% 1.47%
July 2012 4.36% 1.49%
June 2012 4.37% 1.47%
May 2012 4.32% 1.40%
April 2012 4.31% 1.24%
March 2012 4.29% 1.12%
February 2012 4.33% 1.08%
January 2012 4.31% 1.07%
December 2011 4.31% 1.06%
November 2011 4.25% 1.08%
October 2011 4.22% 1.10%
September 2011 4.20% 1.17%
August 2011 4.16% 1.41%
July 2011 4.22% 1.63%
June 2011 4.33% 1.69%
May 2011 4.35% 1.62%
April 2011 4.37% 1.70%
March 2011 4.41% 1.72%
February 2011 4.48% 1.65%
January 2011 4.48% 1.66%

Source: CoreLogic.

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