By Erin Nelsen, CFP® on Tuesday, 13 July 2010
Category: Uncategorized

Number of Delinquent Borrowers Increase from Last Year

AprilOCCAUS
90+ day delinquency (This year) 8.40% 11.60% 8.90%
90+ day delinquency (Last year) 5.80% 8.45% 6.03%
  • Percentage pt. chg. in delinquency
+2.60 +3.15 +2.87
Foreclosure rate (This year) 2.37% 3.14% 3.20%
Foreclosure rate (Last year) 2.22% 3.20% 2.46%
  • Percentage pt. chg. in foreclosure
+0.15 -0.06 +0.74
REO rate (This year) 0.35% 0.76% 0.57%
REO rate (Last Year) 0.45% 1.02% 0.58%
  • Percentage pt. chg. in REO
-0.10 -0.26 -0.01

The CoreLogic delinquent home borrower report released last week shows that late payments have increased from last year by 2.6% in Orange County and 3.15% across California.

The report can be found on the The Orange County Register website.