Bellingham foreclosure rate unchanged in February

After declining for two years, the rate of foreclosures in Bellingham didn’t change from January to February 2015, according to a new report by CoreLogic, a real estate data firm.

The rate of foreclosures among outstanding mortgages was 0.75 percent in January and February 2015. The rate is down 0.36 percentage points compared to February 2014, when it was 1.11 percent. In February 2013 it was 1.46 percent. The rate peaked in December 2012 and January 2013 at 1.58 percent, according to the CoreLogic data.

The rate of mortgages with payments 90 or more days delinquent continued to decline in February, but not by as much as in previous months. The 90 day delinquency rate in February was down 2.07 percent, 0.03 percentage points from January. The 90 day delinquency rate has been declining for about two years, according to the CoreLogic data. In February 2014, the 90 day delinquency rate was 2.93 percent, according to the data.

Bellingham, WA 90+ Day Delinquency Rate Foreclosure Rate
February 2015 2.07% 0.75%
January 2015 2.10% 0.75%
December 2014 2.18% 0.78%
November 2014 2.30% 0.83%
October 2014 2.34% 0.84%
September 2014 2.41% 0.86%
August 2014 2.50% 0.91%
July 2014 2.62% 1.00%
June 2014 2.63% 1.03%
May 2014 2.71% 1.07%
April 2014 2.78% 1.04%
March 2014 2.85% 1.07%
February 2014 2.93% 1.11%
January 2014 3.10% 1.09%

Source: CoreLogic

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