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
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.
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