BUSINESS BRIEF

Toledo’s foreclosures, late mortgages down

1/23/2014

The percentage of Toledo-area mortgage loans that were at least 90 days overdue fell in November for the 11th consecutive month, according to CoreLogic, a California-based real estate data company.

CoreLogic said 4.93 percent of local mortgages were three months overdue in November, down from 4.97 percent in October. The rate was 6.13 percent in November, 2012.

The Toledo area’s rate is below that of both Ohio (5.39 percent) and the United States as a whole (5.09 percent).

CoreLogic also said the foreclosure rate among outstanding mortgage loans was 2 percent in November, virtually the same as in October but down from 2.87 percent a year earlier.