Overdue mortgage rates decline in Toledo

6/25/2014
BLADE STAFF
CTY-Detroit17p-2

Local foreclosure rates declined slightly from last month.

The Blade/Andy Morrison

The percentage of mortgage loans in the Toledo area that were at least 90 days overdue fell to 4.38 percent in March, according to California real estate data company CoreLogic Inc.

The rate was 4.52 percent in March, and 5.56 percent in March, 2013. The rate has declined for 16 consecutive months, and has been declining for more than four years.

CoreLogic said 1.53 percent of Toledo-area mortgage loans were in foreclosure, down from 1.65 percent in March. That rate was 2.54 percent a year earlier.