Los Angeles area foreclosure rates decline in June
For outstanding mortgage loans in the Los Angeles area, about 2.64% were in foreclosure compared with 2.93% the year prior, according to Santa Ana-based research firm CoreLogic.
Nationally, the foreclosure rate for mortgage loans was 3.46% in June.
The percentage of loans going into delinquency -- meaning the number of people falling behind on their mortgages -- also fell in June from the year prior. According to CoreLogic, 8.13% of mortgage loans were 90 days or more delinquent compared with 10.62% in June 2010, representing a sizable drop of 2.49%.
Nationally, the delinquency rate was 7.22%.
-- Alejandro Lazo
Graphic: A breakdown of foreclosure rates in the Los Angeles area by ZIP Code. Credit: CoreLogic