Late house payments down again in region

7/29/2010

For the fourth month in a row, the proportion of metro Toledo homeowners who were 90 days or more late on mortgage payments declined, a new study shows.

The late-payment rate in June, at 7 percent for Toledo, was higher than the 6.41 percent rate for the same month last year, but dropped from the 7.17 percent rate in May, according to CoreLogic, a California real-estate data tracking company. Ohio's delinquent payment rate was 6.97 percent and the nation's was 8.05 percent in June, the report released yesterday shows.