Local foreclosures, delinquent mortgages decrease

Local foreclosure rates decreased in June 2013 compared the same period last year, according to newly released data from CoreLogic.

The Bellingham-area foreclosure rate among outstanding mortgage loans was 1.37 percent for the month of June 2013, a decrease of 0.10 percentage points compared to June 2012, when the rate was 1.47 percent.

Foreclosure activity in Bellingham was lower than the national foreclosure rate, which was 2.49 percent for June 2013. It was also lower than the statewide rate, CoreLogic reported, which was at 2.09 percent in June 2013, down from 2.17 percent during the same month last year.

Also in Bellingham, the mortgage delinquency rate decreased. According to CoreLogic data for June 2013, 3.62 percent of mortgage loans were 90 days or more delinquent, compared to 4.38 percent for the same period last year, representing a decrease of 0.76 percentage points.

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