CoreLogic, a California-based analytics company, recently released data revealing foreclosures among homes with existing mortgages, generally along the Long Island Sound in Fairfield County, were down year over year in December, but remained above the national average.
Delinquencies, too, were down.
The data reflect home foreclosures in the Bridgeport-Norwalk-Stamford corridor.
In a statement, the company said, “CoreLogic data reveals that the rate of Bridgeport-Stamford-Norwalk area foreclosures among outstanding mortgage loans was 1.80 percent for December 2015, a decrease of 0.49 percentage points compared with December 2014 when the rate was 2.29 percent.”
But, the company noted, “Foreclosure activity in Bridgeport-Stamford-Norwalk was higher than the national foreclosure rate, which was 1.20 percent for December 2015.”
The company also reported that among its Bridgeport-Stamford-Norwalk findings, the mortgage delinquency rate decreased.
According to CoreLogic data for December, “4.01 percent of mortgage loans were 90 days or more delinquent in the region compared with 5.21 percent for the same period last year, representing a decrease of 1.20 percent.”
CoreLogic works with 22,000 taxing entities nationally to facilitate the exchange of tax information and payments. “It is this infrastructure that provides the scale necessary for optimizing the connections between taxing authorities, mortgage lenders and property owners,” the company said.
