Inland Empire foreclosure rates continued to rise in September
September's foreclosure rates in the San BernardinoOntario-Riverside metro area increased in September over the same period last year, according to a report from First American CoreLogic. According to recent data, the rate of foreclosures among outstanding mortgage loans was 6.04 percent for the month of September, an increase of 2.48 percentage points compared to September 2008, when the rate was 3.56 percent. The national foreclosure rate was 2.93 percent for September. The mortgage delinquency rate also increased in the Inland Empire. For September, 16.59 percent of mortgage loans were 90 days or more delinquent, compared to 11.20 percent for the same period last year.
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