The foreclosure activity on outstanding residential mortgages in the Bridgeport-Stamford-Norwalk area was 1.42 percent for August 2016, according to new data from the property information provider CoreLogic.
Although August”™s level was down 0.45 percent from August 2015, when the rate was 1.87 percent, the area”™s foreclosure activity was above the 0.90 percent national foreclosure rate for August.
CoreLogic also reported that the mortgage delinquency rate for the Bridgeport-Stamford-Norwalk area on loans that were 90 days or more delinquent dropped in August to 3.30 percent, down from the 4.43 percent level one year earlier. The area”™s delinquency was below the state level of 3.55 percent.
On a national level, CoreLogic reported that the serious delinquency rate was 2.8 percent in August, down from 3.5 percent in August 2015. The serious delinquency rate fell year-over-year in all states during August except North Dakota and Wyoming, where both states saw a scant 0.1 percent increase.
