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09/24/2013

Fort Worth-Arlington mortgage loan delinquency rate dropping, says CoreLogic

The number of Fort Worth-Arlington mortgage owners at least 90 days delinquent dropped in July from a year ago, but inched up slightly since May, according to the latest CoreLogic National Foreclosure Report.

In July, 4.16 percent of mortgage holders in the area were behind on their mortgages, compared to 4.89 percent a year ago. The delinquency rate, though, was 4.12 percent in May, which had been the lowest rate in a few years.

Locally, 1.22 percent of all loans were in some stage of the foreclosure process, which is down 0.30 percentage points from July 2012, the report said. The foreclosure rate in June was 1.16 percent, CoreLogic said.

Texas’ 90-day delinquency rate was 3.53 percent in July, down from 4.3 percent a year ago. The foreclosure rate was 1.1 percent, down from 1.44 percent in July 2012.

_ Sandra Baker

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