BUSINESS BRIEF

Overdue mortgages in Toledo area drop

4/23/2014

The percentage of Toledo-area mortgage loans that were at least 90 days overdue continues to decline, according to CoreLogic, a California real estate data company.

The rate fell to 4.68 percent in February, down from 4.87 percent in January and well below the 5.99 percent rate in February, 2013.

The rate has fallen for 14 consecutive months.

For all of Ohio, 5.21 percent of mortgage loans were at least 90 days overdue, down from 6.34 percent a year earlier. The U.S. rate is 4.83 percent, down from 6.22 percent in February, 2013.