The foreclosure rate in the Los Angeles-Long Beach-Glendale area rose in December compred to a year earlier, according to First American CoreLogic, which compiles foerclosure data.
The foreclosure rate among outstanding mortgage loans in this area was 3.86 percent for December, an increase of 1.91 percentage points compared to December of 2008 when the rate was 1.95 percent.
Foreclosure activity in the Los Angeles-Long Beach-Glendale area was higher than the national rate of 3.16 percent for December 2009.
In addition, the Los Angeles-Long Beach-Glendale area's mortgage delinquency rate increased, with 11.71 percent of mortgage loans 90 days or more delinquent in December, compared to 6.78 percent for the same period a year earlier.
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