Foreclosure rates decrease in South Mississippi

Foreclosure rates in Gulfport-Biloxi-Pascagoula area decreased in October over the same period last year, according to newly-released data from CoreLogic.

The rate of foreclosures among outstanding mortgage loans in South Mississippi was 1.12 percent for October 2015, a decrease of 0.13 percent compared with October 2014 when the rate was 1.25 percent.

Foreclosure activity on the Coast was lower than the national foreclosure rate, which was 1.2 percent in October.

The local mortgage delinquency rate also decreased for October 2015, when 4.85 percent of mortgage loans were 90 days or more delinquent compared with 5.64 percent for the same period last year, a decrease of 0.79 percent.

This story was originally published December 30, 2015 at 5:35 PM with the headline "Foreclosure rates decrease in South Mississippi ."