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New data shows big shift when it comes to Whatcom mortgage payments

McClatchy

More Whatcom County homeowners are keeping up with their mortgage payments compared to a few years ago.

The percentage of Whatcom mortgages that were more than 90 days late was 0.8 percent in July, according to a new report from CoreLogic, which collects property information. That’s well below the national average of 2.5 percent and the Washington state rate of 1.8 percent.

Whatcom’s percentage of seriously delinquent mortgages has steadily declined in the years following the burst of the national real estate bubble and the recession.

In January 2011, Whatcom’s 90-day delinquency rate peaked at 4.4 percent, according to CoreLogic data.

Across the U.S., the foreclosure rate is now at a 10-year low, according to CoreLogic.

Dave Gallagher: 360-715-2269, @BhamHeraldBiz

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