Business

Coast foreclosure rates drop again

Foreclosure rates in Gulfport-Biloxi-Pascagoula decreased in September compared with last year, according to newly released data from CoreLogic.

The rate of Gulfport-Biloxi-Pascagoula area foreclosures among outstanding mortgage loans was 1.17 percent for September 2015, a decrease of 0.19 percent compared to 1.36 percent in September 2014. Foreclosure activity also was lower than the national foreclosure rate, which was 1.23 percent for September 2015.

The mortgage delinquency rate also decreased in South Mississippi, according to CoreLogic data. The rate for September 2015 was 4.90 percent for mortgage loans delinquent for 90 days or more, compared with 5.82 percent for the same period last year, a decrease of 0.92 percent.

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