Foreclosure rates in Jackson decrease

Foreclosure rates in Jackson have decreased for the month of January over the same period last year, according to newly released data from CoreLogic. The CoreLogic data reveals that the rate of Jackson area foreclosures among outstanding mortgage loans is 2.47 percent for the month of January 2012, a decrease of 0.70 percentage points compared to January of 2011 when the rate was 3.17 percent. Foreclosure activity in Jackson is lower than the national foreclosure rate, which was 3.43 percent for January 2012. Also in Jackson, the mortgage delinquency rate has decreased. According to CoreLogic data for January 2012, 6.76 percent of mortgage loans were 90 days or more delinquent compared to 7.69 percent for the same period last year, representing a decrease of 0.93 percentage points. Published: Thu, Mar 29, 2012

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