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07/22/2014

Fort Worth-Arlington mortgage delinquency and foreclosure rates dropping

The percentage of mortgage holders in Tarrant and five adjacent counties delinquent on their payments at least three months fell to 3.7 percent in May, compared to 4.1 percent in the same month last year.

The foreclosure rate in the same area was 0.77 percent in May, down from 1.2 percent in May of 2013, according to CoreLogic.

The delinquency rate, the percentage of all mortgages 90 days or more late, fell below 4 percent in March and stayed there since.

Nationally, the deliquency rate stood at 4.4 percent and the foreclosure rate at 1. 7 percent, CoreLogic said.

The local rate includes data from Tarrant, Parker, Hood, Johnson, Sommervell and Wise counties.

_ Sandra Baker

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