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CoreLogic: Foreclosures Rise Slightly, Delinquent Mortgages Decrease

Jul 28, 2015 | Reprints | Unlock Link | Print

May brought a mix of good and bad news in Greater Boston for mortgage lenders, according to a new report from CoreLogic, a global property information provider.

The report said the rate of Boston-area foreclosures among outstanding mortgage loans rose 0.19 percent from May 2014 to 1.31 percent. That’s slightly above the national foreclosure rate, which was 1.29 percent in May 2015.

However, the rate of mortgages that were 90 days or more delinquent decreased 0.62 percent in the same time period from 4.25 percent in May 2014 to 3.63 percent in May 2015, according to the report.

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