BUSINESS BRIEF

Delinquent mortgages fall for 8th month in row

10/21/2013

The percentage of Toledo-area mortgages that are at least 90 days delinquent dropped in August, the eighth straight month that such loans have decreased, according to CoreLogic, a real estate data firm based in Irvine, Calif.

The firm said 5.05 percent of loans were three months overdue, down from 5.12 percent in July. The percentage was 5.97 in December and has fallen each month since. In August, 2012, the percentage was 6.05 percent.

CoreLogic also said that the foreclosure rate in Toledo fell to 2.11 percent in August, down from 2.23 percent in July. In August, 2012, the foreclosure rate in Toledo was 3.07 percent.

For Ohio, the August 90-day delinquency rate was 5.58 percent, down from 6.68 percent a year earlier while the foreclosure rate was 2.36 percent, down from 3.39 percent a year earlier.