Delinquent mortgages fall below 6% in area


The percentage of Toledo-area mortgage loans that were 90 or more days delinquent has fallen below 6 percent for the first time since April, 2009, according to CoreLogic, a California real estate data firm.

CoreLogic said that in October, 5.95 percent of mortgage loans were 90 days or more delinquent. That compares to 6.07 percent in September and 6.51 percent in October of 2011. The rate was above 7 percent for the first six months of 2010.