Foreclosure rates decrease for metro-Milwaukee area

Freeman Staff

March 26, 2015

MILWAUKEE - The number of homes entering into foreclosure decreased for the month of January in the Milwaukee-Waukesha-West Allis area, according to data released Thursday by CoreLogic.

According to the data, foreclosures among outstanding mortgage loans was 0.96 percent for the month of January, a decrease of 0.29 percentage points compared to January of 2014 when the rate was 1.25 percent.

In addition, foreclosure activity in Milwaukee-Waukesha-West Allis was lower than the national foreclosure rate, which was 1.46 percent for January 2015, according to the data.

In Wisconsin, the foreclosure rate in January was 0.74 percent, a decrease of 0.29 percent compared to the same month in 2014.

Also in Milwaukee-Waukesha-West Allis, the mortgage delinquency rate decreased. According to CoreLogic data for January, 3.34 percent of mortgage loans were 90 days or more delinquent compared to 4.16 percent for the same period last year, representing a decrease of 0.82 percentage points.  For the whole state, the delinquency rate decreased 0.63 percent to 2.48 percent in January 2015 from January 2014.

CoreLogic is a global property information, analytics and data-enabled services provider.