Foreclosure rates in Tacoma-Lakewood decreased in February compared to the same period last year, according to data collected by the analytics firm CoreLogic.
The CoreLogic data reveal that the rate of Tacoma-Lakewood area foreclosures among outstanding mortgage loans was 2.06 percent for the month of February, a decrease of 0.78 percentage points compared with February 2014, when the rate was 2.84 percent.
Foreclosure activity in Tacoma-Lakewood was higher than the national foreclosure rate, which was 1.43 percent for February 2015.
Also in Tacoma-Lakewood, the mortgage delinquency rate decreased. According to February data, 5.16 percent of mortgage loans were 90 days or more delinquent compared to 6.96 percent for the same period last year, representing a decrease of 1.8 percentage points.
The 90-plus day delinquency rate in January, 5.27 percent, was the lowest recorded since data were available in January 2014, when the rate was 7.26 percent.
The latest foreclosure figure of 2.06 percent was also the lowest seen since data were available in January 2014, when the rate was 2.94 percent, CoreLogic said in its monthly release.