Foreclosures increase, delinquencies down
July 8th, 2011
According to Bizjournals.com: The rate of foreclosures among outstanding mortgage loans in Jefferson County was 2.87 percent for April 2011, an increase of 0.6 percentage point from April 2010, when the rate was 2.27 percent, according to data from CoreLogic.
The mortgage delinquency rate has decreased, however, with 5.8 percent of mortgage loans 90 days or more delinquent, compared with 5.95 percent for the same period last year, the company reported.
The 90-day delinquency rate is as low as it as been since October 2010.
The foreclosure rate for the state of Kentucky as a whole was 2.62 percent in April 2011. The 90-day delinquency rate was 5.18 percent.
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