Analytics firm CoreLogic is reporting that loan delinquency and foreclosure rates fell in the DC area in January.
The rate of homeowners in the DC area who were three months or more behind on their mortgage payments dropped to 5.35 percent in January, down from 5.94 percent in January 2012. The percentage of homeowners whose homes were being foreclosed on dropped from 2.37 percent to just above 2 percent during that period.
The trend that the DC area is experiencing is in line with what is going on in the rest of the country. The national delinquency rate (6.34%) and foreclosure rate (2.9%) both dropped in January.
See other articles related to: corelogic
This article originally published at http://dc.urbanturf.com/articles/blog/foreclosure_rates_fall_in_dc_following_trend_in_rest_of_the_country/6832
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