Home » NEWS » Mississippi, Jackson foreclosures down in September from same month of 2013

Mississippi, Jackson foreclosures down in September from same month of 2013

Foreclosure rates in Jackson decreased by a third of a percent for the month of September over the same period last year, new data from real estate survey firm CoreLogic shows.

The rate of tardy mortgage payments also dropped in September compared to the same mont last year…

CoreLogic said the rate of Jackson area foreclosures among outstanding mortgage loans was 1.05 percent for the month of September 2014, a decrease of 0.33 percentage points compared to September of 2013 when the rate was 1.38 percent. Foreclosure activity in Jackson was lower than the national foreclosure rate, which was 1.60 percent for September 2014.

Though lower than the same month last year, September’s foreclosure rate for Jackson was up from the previous month, going from 1.02 percent in August to 1.05 percent in September. The July rate was 0.99 percent, California-based CoreLogic says.

The survey showed statewide foreclosures for September at 1.08 percent, a 0.45 percent drop from September 2013’s 1.53 percent.

Nationally, September foreclosures stood at 1.60 percent, a significant drop from last September’s 2.33 percent.

Also in Jackson, the mortgage delinquency rate decreased. According to CoreLogic data for September, 5.68 percent of mortgage loans were 90 days or more delinquent compared to 5.85 percent for the same period last year, representing a decrease of 0.17 percentage points. Jackson ended August with a 90-day delinquency rate of 5.60 percent and July with a rate of 5.58 percent, according to CoreLLogic.

 

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11 comments

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