Business & Tech
Stamford Area Foreclosure Rates Up From Last Year, CoreLogic Says
The foreclosure rate was 4.90 percent for the month, an increase of 1 percentage point compared to May 2011 when it was 3.90 percent, according to a company press release.
in the -Norwalk-Bridgeport area increased in the month of May over the same period last year, according to newly released data from information and analytics firm CoreLogic.
The foreclosure rate was 4.90 percent for the month, an increase of 1 percentage point compared to May 2011 when it was 3.90 percent, according to a company press release. Foreclosure activity in the area was higher compared to the national average of 3.41 percent.
In addition the area's mortgage delinquency rate increased: In May 2012, 7.56 percent of mortgage loans were 90 days or more delinquent, compared to 7.32 percent in May 2011, according to CoreLogic.
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