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Friday, August 29, 2014
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Published: Wednesday, 5/28/2014 - Updated: 3 months ago

BUSINESS BRIEF

Percentage of overdue area mortgages falls

BLADE STAFF

The percentage of Toledo-area mortgages that are at least 90 days overdue continues to decline, according to CoreLogic Inc., a California-based real estate data firm.

The share of Toledo-area mortgages that were delinquent by 90 days or more decreased to 4.52 percent in March from 4.68 percent the previous month. A year earlier, the 90-day delinquency rate was 5.82 percent, according to CoreLogic.

Overall, foreclosure activity in metro Toledo fell to 1.65 percent in March, the fourth straight month the local rate has decreased. A year earlier the foreclosure rate was 2.74 percent.



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