The foreclosure rate in the Milwaukee-Waukesha-West Allis area
continued to decrease in May and was lower than the national
average for the period.
According to data release
Tuesday from CoreLogic, the rate of Milwaukee-Waukesha-West
Allis area foreclosures among outstanding mortgage loans was
0.92 percent for May 2015, a decrease of 0.12 percentage points
compared with May 2014 when the rate was 1.04 percent.
Foreclosure activity in Milwaukee-Waukesha-West Allis was lower
than the national foreclosure rate, which was 1.29 percent for
The mortgage delinquency
rate also decreased for the Milwaukee-Waukesha-West Allis area.
According to CoreLogic data for May 2015, 3.02 percent of
mortgage loans were 90 days or more delinquent compared with
3.68 percent for the same period last year, representing a
decrease of 0.66 percentage points.