Bellingham foreclosures, late mortgages down in February

The rate of Bellingham-area foreclosures among outstanding mortgages in February this year was 1.11 percent, a drop from 1.46 percent recorded during the same month last year, according to the latest data from CoreLogic.

Local mortgage delinquencies also decreased in February 2014, when the rate of Bellingham mortgages at least 90 days late was 2.93 percent, compared to 4.03 percent in February 2013.

Bellingham’s rates of foreclosure and mortgage delinquency were lower than those reported nationally and statewide. In Washington, the February 2014 foreclosure rate was 1.74 percent, according to CoreLogic. The state’s mortgage delinquency rate during the same month was 4.36 percent.

  90+ Day Delinquency Rate Foreclosure Rate
February 2014 2.93% 1.11%
January 2014 3.04% 1.08%
December 2013 3.09% 1.19%
November 2013 3.20% 1.19%
October 2013 3.21% 1.14%
September 2013 3.28% 1.14%
August 2013 3.33% 1.17%
July 2013 3.52% 1.28%
June 2013 3.63% 1.37%
May 2013 3.69% 1.39%
April 2013 3.77% 1.42%
March 2013 3.91% 1.46%
February 2013 4.03% 1.46%
January 2013 4.15% 1.58%
December 2012 4.18% 1.58%
November 2012 4.17% 1.54%
October 2012 4.17% 1.49%
September 2012 4.27% 1.52%
August 2012 4.32% 1.47%
July 2012 4.37% 1.50%
June 2012 4.38% 1.47%
May 2012 4.33% 1.39%
April 2012 4.32% 1.24%
March 2012 4.30% 1.12%
February 2012 4.34% 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 4.17% 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 4.49% 1.65%
January 2011 4.48% 1.66%

Source: CoreLogic.

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