Foreclosures and delinquencies decrease in May

Mortgage foreclosure and delinquency rates in Bellingham decreased in May, according to new data from CoreLogic.

Bellingham area foreclosures among outstanding mortgage loans was 0.69 percent for May 2015, a decrease of 0.38 percentage points from May 2014 when the rate was 1.07 percent. Foreclosure activity in Bellingham was lower than the national foreclosure rate, which was 1.29 percent for May 2015, according to the data.

The rate of loans that were 90 days or more delinquent decreased 0.86 percentage points, from 2.71 percent in May 2014 to 1.85 percent in May 2015. That’s lower than both the state rate of 3.96 percent and the nationwide delinquency rate of 4.46 percent, according to the data.




Related Stories