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06/24/2014

Area's mortgage delinquency and foreclosure rate still falling

Fewer Fort Worth-Arlington area mortgage holders are falling behind on payments as the area’s foreclosure rate continues to decrease, according to CoreLogic data firm.

In Fort Worth-Arlington, which includes Tarrant, Johnson, Parker, Wise, Hood and Somervell counties, 3.76 percent of all the mortgages were at least 90 days delinquent, compared to 4.17 percent in April 2013, CoreLogic said.

The area foreclosures among outstanding mortgage loans was 0.78 percent for April, a decline of 0.44 percentage points from April of 2013, when the rate was 1.22 percent.

The rates are well-below the national averages, CoreLogic said.

The 90-day delinquency rate was 4.54 percent in April, compared to 5.78 percent in April 2013. The national foreclosure rate was 1.77 percent in April, compared to 2.66 percent in April 2013.

_ Sandra Baker

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