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Albany foreclosure rates dip

ALBANY — In an area looking for positive financial news, metro Albany received some recently in terms of its foreclosure rates.

The foreclosure rates in Albany for June, the most recent month in which data is available from CoreLogic. The rate among outstanding mortgage loans was 1.29 percent in June, down 0.26 percentage points from 1.55 percent in June 2012.

Albany also stacked up well against a national foreclosure rate of 2.49 percent in June. Georgia’s foreclosure rate in June was 1.64 percent.

CoreLogic, a leading provider of property information nationally, said 5.22 percent of all mortgage holders were 90 days or more delinquent in their payments in June. This is down from 5.52 percent for the same period last year.

Albany’s 90-day delinquency rate is below the state average of 5.54 percent. A year ago, the state average was 7.23 percent. Albany’s 90-day delinquency rate has remained fairly stable during the past two years, peaking in January 2012 at 6.12 percent.