Area's mortgage delinquency rate plunges in April, says CoreLogic
Fort Worth-Arlington area homeowners behind on their mortgage payments at least 90 days fell to 4.2 percent in April, down from 5 percent in April of 2012, according to the latest monthly report from CoreLogic.
It is the lowest delinquency rate in more than two years.
Also, the foreclosure rate, which measures the percentage of loans in some stage of the foreclosure process, dropped to 1.2 percent in April, compared to 1.6 percent in April of 2012, the report showed.
The delinquency rate measure the percentage of loans that are 90 days or more delinquent. It is commonly called being "underwater."
The Fort Worth-Arlington includes Tarrant, Wise, Parker and Johnson counties.