Foreclosure, delinquency rates inch higher in Olympia area

Rolf Boone/The Business Blog • Published October 18, 2011

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Olympia-area mortgage delinquency and foreclosure rates inched higher in July from the same period a year ago, according to CoreLogic, a publicly traded analytics firm based in Santa Ana, Calif.

The July data show that Olympia-area mortgages that were delinquent for 90 or more days rose to 5.06 percent from 4.84 percent in the same period a year ago. Foreclosures also rose higher to 1.78 percent from 1.37 percent.

Although both sets of data rose in the Olympia area for the year-over-year period, they still remained below state and national levels. Washington state mortgage delinquencies increased to 5.98 percent in July from 5.71 percent in July 2010, and the national rate was 7.2 percent for the same month, down from 7.89 percent in July 2010.

In July, Washington state had a 2.29 percent foreclosure rate and the U.S. had a 3.44 percent rate, the data show. CoreLogic is traded on the New York Stock Exchange under the ticker symbol CLGX.

Similar stories:

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  • Tumwater retail sales outperform the rest, rise 6 percent

  • Fewer people late with mortgage payments

  • Tumwater, unlike other Thurston entities, sees 4Q retail-sales bump

  • Growing retail sector boosts Tumwater sales in Q3

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