Delinquent mortgages fall 19% locally in ’13


BIZ timberstone27p Shots of the surrounding housing development on Bluestone Drive in Findlay, Ohio on September 24, 2009. Need photos for a story on $50 million in bad loans made by Sky/Huntington Bank to a former top executive and his business partners. At this site, get: 1. Exterior of Huntington Insurance. 2. Shots of the retail development Shops at Timberstone Commons, showing both the Timberstone sign and the many vacant storefronts. 3. Shots of the surrounding housing development on Bluestone Drive. The Blade/Jetta Fraser.

Jetta Fraser

The percentage of Toledo-area mortgage loans that were three months overdue has dropped 19 percent in the last year, according to California real estate data firm CoreLogic.

The rate dropped to 4.96 percent in October, down from 6.15 percent a year earlier, CoreLogic said.

It’s the first time in five years that the number dropped below 5 percent.

The percentage skyrocketed to more than 8 percent in the spring of 2010.

It dipped below 7 percent in April, 2011, then fell below 6 percent in March, 2013.

The percentage of loans that are 90 days delinquent has fallen for 10 consecutive months.