PORTLAND — Foreclosure rates were down in October in the Portland area compared to a year earlier, according to a report this week from the real estate data firm CoreLogic.
And while it’s hard to know how much those rates are affected by regulatory changes that stalled many foreclosures over the last year, here’s one clearly positive indicator: The mortgage delinquency rate is also falling.
CoreLogic said 3.17 percent of Portland-area mortgage loans were 90 or more days delinquent in October, down almost a full point from October 2013, when 4.14 percent were delinquent. The rate of delinquencies has fallen each month since January 2013, CoreLogic says. CoreLogic defines the foreclosure rate as the percentage of loans in some stage of the foreclosure process.
