Tulsa Business Staff
2/8/2010
Foreclosure rates in Tulsa have increased for the month of December over the same period last year, according to newly released data from First American CoreLogic.The rate of foreclosures among outstanding mortgage loans is 2.05 percent for December, an increase of 0.71 percentage points compared with December 2008, when the rate was 1.34 percent. Foreclosure activity in Tulsa is lower than the national foreclosure rate, which was 3.16 percent for December 2009, representing a 1.11 percentage point difference. The mortgage delinquency rate has also increased in Tulsa. According to First American CoreLogic data for December 2009, 5.27 percent of mortgage loans were 90 days or more delinquent compared with 3.61 percent for the same period last year, representing an increase of 1.66 percentage points.
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