Whatcom mortgage delinquency rate drops to lowest level in more than two years

THE BELLINGHAM HERALDApril 27, 2013 

Fewer Whatcom County residents are late on their mortgage payments or in some stage of foreclosure, according to a new report.

The percentage of Whatcom County loans more than 90 days delinquent was 4.01 in February, the lowest monthly percentage since October 2010, according to data from CoreLogic, a national provider of property information.

Whatcom's delinquency rate remains lower than the Washington rate of 6.08 percent and the U.S. rate of 6.19 percent.

In February the percentage of Whatcom County loans in some stage of foreclosure was 1.46, the lowest monthly rate since May 2012.

Whatcom's foreclosure rate in February was lower than Washington's rate of 2.37 percent and the national rate of 2.85 percent.

Reach Business Editor Dave Gallagher at 360-715-2269 or dave.gallagher@bellinghamherald.com. Read his business blog at blogs.bellinghamherald.com/business or follow him on Twitter at @bhamheraldbiz.

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