Wednesday, June 29, 2011

Youngstown, Ohio Foreclosure Rates Increase

Mortgage Foreclosure Rate Up in April
June 29, 2011 6:52 a.m.
YOUNGSTOWN, Ohio -- Foreclosure rates in Youngstown-Warren-Boardman metropolitan statistical area increased in April compared to the same month last year, reports CoreLogic.

The rate of foreclosures among outstanding mortgage loans was 4.72% in April, an increase of 0.66 percentage points compared to last April.

Foreclosure activity in Youngstown-Warren-Boardman was higher than the national foreclosure rate, which was 3.47% for April, representing a 1.25 percentage point difference, according to the newly released data.

Meanwhile, the mortgage delinquency rate decreased during April in the Youngstown-Warren-Boardman MSA. CoreLogic reports 8.24% of mortgage loans were 90 days or more delinquent in April compared to 8.53% for the same period last year, representing a decrease of 0.29 percentage points.

CoreLogic provides information, analytics and services to business and government. The company is based in Santa Ana, Calif.

Published by The Business Journal, Youngstown, Ohio.

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