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10/23/2014

Fort Worth-Arlington mortgage delinquency and foreclosure rates drop in August

Mortgage delinquency and foreclosure rates in FortWorth-Arlington decreased in August from a year ago, according to CoreLogic data released today.

In August, 3.62 percent of mortgage loans were 90 days or more delinquent, down from 4.1 percent in August 2013.

The foreclosure rate,  which measures the percentage of loans in some stage of the foreclosure process, was 0.75 percent, a decrease of 0.37 percentage points compared to August of 20313 when the rate was 1.12 percent, CoreLogic said.

The local rate was lower than the national foreclosure rate, which was 1.61 percent in August. A year ago, the rate was 2.4 percent.

_ Sandra Baker

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