Foreclosure rates in Bridgeport-Stamford-Norwalk fall, but still above national average

The rate of foreclosures among outstanding mortgage loans in the Bridgeport-Stamford-Norwalk area was 1.66 percent for March 2016, a decrease of 0.35 percentage points compared with March 2015”â„Ēs 2.01 percent according to analytics firm CoreLogic.

That good news was tempered by the fact that foreclosure activity in Bridgeport-Stamford-Norwalk was still higher than the national foreclosure rate, which was 1.09 percent for March 2016.

The company reported that the mortgage delinquency rate in the area also decreased, with 3.77 percent of mortgage loans 90 days or more delinquent in March 2016 versus 4.83 percent for the same period last year ”“ an improvement of 1.06 percentage points. That data bests CoreLogic’s numbers for Connecticut at large, but again lag the national figures.

Location 90+ Day Delinquency Rate March 2016 90+ Day Delinquency Rate March 2015 Percentage Point Change in 90+ Day Delinquency Rate Foreclosure Rate March 2016 Foreclosure Rate March 2015 Percentage Point Change in Foreclosure Rate
Connecticut 4.09% 5.26% -1.17% 1.70% 2.03% -0.33%
Bridgeport-Stamford-Norwalk, CT 3.77% 4.83% -1.06% 1.66% 2.01% -0.35%
US 3.03% 3.79% -0.76% 1.09% 1.42% -0.33%

Source: CoreLogic.

Bridgeport-Stamford-Norwalk, CT 90+ Day Delinquency Rate Foreclosure Rate
March 2016 3.77% 1.66%
February 2016 3.90% 1.71%
January 2016 4.03% 1.73%
December 2015 4.03% 1.81%
November 2015 4.11% 1.79%
October 2015 4.28% 1.79%
September 2015 4.36% 1.86%
August 2015 4.42% 1.87%
July 2015 4.50% 1.90%
June 2015 4.58% 1.98%
May 2015 4.69% 1.90%
April 2015 4.77% 1.95%
March 2015 4.83% 2.01%
February 2015 5.05% 2.12%
January 2015 5.14% 2.19%