CORELOGIC: Foreclosure Rates in Huntington-Ashland Decrease

 CORELOGIC: Foreclosure Rates in Huntington-Ashland Decrease

 

Foreclosure rates in Huntington-Ashland decreased for the month of September over the same period last year, according to data released Tuesday, Nov. 25, 2014 by Irvine, CA-based CoreLogic.

The CoreLogic data reveals that the rate of Huntington-Ashland area foreclosures among outstanding mortgage loans was 1.56 percent for the month of September 2014, a decrease of 0.29 percentage points compared to September of 2013 when the rate was 1.85 percent. Foreclosure activity in Huntington-Ashland was lower than the national foreclosure rate, which was 1.60 percent for September 2014.

Also in Huntington-Ashland, the mortgage delinquency rate decreased. According to CoreLogic data for September 2014, 4.24 percent of mortgage loans were 90 days or more delinquent compared to 4.47 percent for the same period last year, representing a decrease of 0.23 percentage points.

Location

90+ Day Delinquency Rate September 2014

90+ Day Delinquency Rate September 2013

Percentage Point Change in 90+ Day Delinquency Rate

Foreclosure Rate September 2014

Foreclosure Rate September 2013

Percentage Point Change in Foreclosure Rate

West Virginia

3.20%

3.34%

-0.14%

0.86%

1.04%

-0.18%

Huntington-Ashland, WV

4.24%

4.47%

-0.23%

1.56%

1.85%

-0.29%

US

4.22%

5.24%

-1.02%

1.60%

2.33%

-0.73%

Source: CoreLogic.

Huntington-Ashland, WV

90+ Day Delinquency Rate

Foreclosure Rate

September 2014

4.24%

1.56%

August 2014

4.23%

1.50%

July 2014

4.27%

1.53%

June 2014

4.27%

1.56%

May 2014

4.25%

1.54%

April 2014

4.24%

1.57%

March 2014

4.33%

1.55%

February 2014

4.38%

1.55%

January 2014

4.53%

1.62%

December 2013

4.58%

1.77%

November 2013

4.54%

1.87%

October 2013

4.48%

1.85%

September 2013

4.47%

1.85%

August 2013

4.53%

1.91%

July 2013

4.53%

1.91%

June 2013

4.47%

1.89%

May 2013

4.42%

1.94%

April 2013

4.44%

1.95%

March 2013

4.62%

1.98%

February 2013

4.74%

2.02%

January 2013

4.81%

2.02%

Source: CoreLogic.

*2009-2012 data available upon request.

Data Notes and Definitions

90+ Day Delinquency Rate: This measures the percentage of loans that are more than 90 days delinquent, including those in foreclosure and REO (real estate owned).

Foreclosure Rate: This measures the percentage of loans in some stage of the foreclosure process. A foreclosure is defined by the legal process by which an owner's right to a property is terminated, usually due to default. This does not represent the number of new foreclosure filings as provided by other data companies, but rather the current stock, or inventory, of loans in the foreclosure process which offers a comprehensive view of foreclosure trends. CoreLogic has approximately 85 percent coverage of foreclosure data.

 

Source: CoreLogic.   For more information, please visit www.corelogic.com

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