Mortgage delinquency, foreclosure rates drops slightly in Whatcom County

Written by Dave Gallagher | The Bellingham Herald | June 28, 2011

The percentage of mortgages more than 90 days overdue took a slight drop in April in Whatcom County, according to a new report.

In April 4.33 percent of all Whatcom County mortgages were more than 90 days delinquent, down from 4.37 percent in March, according to CoreLogic, a provider of consumer, financial and property information. While down from March, the latest delinquency rate is up significantly from April 2010, when the rate was 3.73 percent.

Nationally, the delinquency rate was 7.39 percent in April, while the state rate was 6.01 percent

It’s a similar trend when it comes to the local foreclosure rate. In April the percentage of mortgages was 1.69 percent, down from 1.71 percent in March. In April 2010, the foreclosure rate was 0.97 percent.

Nationally, the foreclosure rate was 3.47 percent in April, while the state rate was 2.21 percent.