Local Foreclosure Rate Drops, Delinquency Rate Rises

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By
Muhammed El-Hasan
on June 3, 2010 11:26 AM | | Comments (0) |

The local foreclosure rate fell in April compared to a year earlier, CoreLogic, which tracks the housing market, reported Thursday.

In the Los Angeles-Long Beach-Glendale area, the rate of foreclosures among outstanding mortgage loans was 3.15 percent in April. That was down from 3.19 percent in April of last year.

However, the delinquency rate for mortgage payments rose in April, with 12 percent of home loans at least 90 days overdue. That compared to 8.4 percent in April 2009.

Foreclosure activity in April for the Los Angeles-Long Beach-Glendale was lower than the national foreclosure rate of 3.2 percent.

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This page contains a single entry by Muhammed El-Hasan published on June 3, 2010 11:26 AM.

Toyota's Prius Pushing Drivers To Nissan? was the previous entry in this blog.

MUHAMMED EL-HASAN: Balance Econ Freedom, Regulation is the next entry in this blog.

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About Biz Waves

Biz Waves is a one-stop Web hub for business news and content from the South Bay region of Los Angeles County and beyond.

The primary contributor is:

Muhammed El-Hasan, a business reporter at the Daily Breeze since 2000, covers aerospace and everything else about business in the South Bay. Muhammed previously reported at the San Bernardino Sun and the community news division of The Orange County Register. He also worked as a researcher in the Jerusalem bureau of the Los Angeles Times in 1996-97. But his career highlight as a young man was driving a forklift at a Gardena company near Hawthorne, where he grew up.

You can email Muhammed at muhammad.el-hasan@dailybreeze.com

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