Home » NEWS » Banking & Finance » Foreclosures dip statewide in September

Foreclosures dip statewide in September

Foreclosure rates in Jackson dropped more than a half percentage point in September compared to the same month last year.

Foreclosures and late home mortgage payments are down in Jackson and the rest of Mississippi.

Foreclosures and late home mortgage payments are down in Jackson and the rest of Mississippi.

Meanwhile, foreclosures statewide dropped by nearly two-thirds of a percentage point in September from September 2012, according to newly released data from CoreLogic, a California-based real estate research firm.

The CoreLogic data shows that the rate of Jackson area foreclosures among outstanding mortgage loans was 1.36 percent for September 2013, a decrease of 0.68 percentage points compared to September of 2012 when the rate was 2.04 percent. Foreclosure activity in Jackson was lower than the national foreclosure rate, which was 2.29 percent for September 2013.

Also in Jackson, the mortgage delinquency rate decreased. According to CoreLogic data for September 2013, 5.80 percent of mortgage loans were 90 days or more delinquent compared to 7.05 percent for the same period last year, representing a decrease of 1.25 percentage point.

Statewide, CoreLogic reports, foreclosures declined 0.73 percentage points in September from the previous September, going from 2.23 percent in the same month of 2012 to 1.50 percent .

Foreclosures nationwide dipped from 3.25 percent last September to 2.29 this September for an overall decline of 0.9 percent..

Mississippi mortgage payments tardy more than 90 days dropped a full percentage point from 7.16 percent to 6.16 percent.

Nationwide, payments late by 90 days or more dropped by 1.48 percentage points, from 6.69 percent in September 2012 to 5.21 percent in September.



… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.

If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.

Click for more info

About Ted Carter

One comment

  1. Many of us really like our wildlife and just want them to become at ease. First let’s get the myths out of the way andreview what is true and untrue about it.

Leave a Reply