Tuesday, May 22, 2018
One of America's Great Newspapers ~ Toledo, Ohio

Real Estate

Late mortgage payments down


AP Enlarge

Metro Toledo homeowners got better about making their mortgage payments in May, a new report said.

RELATED: Number of Toledo homeowners underwater rises

The rate for outstanding mortgages delinquent by at least 30 days (including loans in foreclosure) fell to 5.3 percent in May from 6 percent for the same month a year earlier, real estate data firm CoreLogic Inc. reported.

CoreLogic, based in Irvine, Calif., said that the rate for mortgages in “serious delinquency” — or at least 90 days past due — fell to 2.3 percent in May versus 2.8 percent a year ago. The foreclosure inventory rate, which measures homes in the foreclosure stages, was 0.9 percent in May, down from 1.1 percent a year ago.

Nationwide, the rate for mortgages at least 30 days past due was 4.5 percent in May, compared to 5.3 percent a year ago. The rate for home loans 90 days or more past due was at 2 percent, down from 2.6 percent in May, 2016. It marked the lowest rate for seriously delinquent loans since November, 2007, CoreLogic said.

Click to comment

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem?

Temporibus autem quibusdam et aut officiis debitis aut rerum necessitatibus saepe eveniet.

Copyright © 2018 Toledo Blade

To Top

Fetching stories…