Mortgage delinquencies down 1.2% in area

NORTH PORT — Real estate research firm CoreLogic reported mortgage delinquencies in the North Port-Sarasota-Bradenton area were down 1.2% from June 2016 to June 2017.

The monthly report says 3.3% of mortgages were delinquent in the area by at least 30 days in June 2017. In June 2016, 4.5% of mortgages were delinquent.

The foreclosure inventory rate, which measures the share of mortgages in some stage of the foreclosure process, was 0.7% in June 2017 for the same area. That was down from 0.9% in June 2016. CoreLogic says the June 2017 rate is the lowest since the rate was also 0.7% in July 2007.

Mortgages in North Port-Sarasota-Bradenton in serious delinquency — 90 or more days past due — totaled 1.7% in June 2017 and 2.8% in June 2016.

Nationally, the report says 4.5% of mortgages were in some stage of delinquency in June 2017. The number represents a 0.8% decline in the overall delinquency rate compared with June 2016. During that month, the rate was 5.3%.