Business news of local interest

Delinquent mortgages decrease during July

CoreLogic, a leading global property information, analytics and data-enabled solutions provider said in Altoona, 6.1 percent of mortgages were delinquent by at least 30 days (including those in foreclosure) in July compared with 6.4 percent in July 2016, representing a decrease of 0.3 percentage points.

Altoona mortgages in serious delinquency (more than 90 days past due) totaled 2.1 percent in July compared with 2.6 percent in July 2016. The foreclosure inventory rate for this July was 0.8 percent compared with 0.9 percent a year earlier.

CoreLogic’s monthly Loan Performance Insights Report shows that, nationally, 4.6 percent of mortgages were in some stage of delinquency (30 days or more past due including those in foreclosure) in July. This represents a 0.9 percentage point year-over-year decline in the overall delinquency rate compared with July 2016 when it was 5.5 percent.


Ben Franklin Tech Partners

announces 10 finalists

Ben Franklin Technology Partners has announced the 10 finalists in its 2017 Big Idea contest for entrepreneurs who have thought about developing or commercializing an innovative product, process or new software application.

The finalists include Amad Stokes with muonSoft and Anthony Biddle with Siterite, both of Blair County; Heather Moyer with Crossroads Consulting, Ryan Kieta with Real Design and Justin Capouellez with Boomerang Beacon, all of Cambria County; Hunter Swisher with Phospholutions and James Wang with SimplrTechnologies, both of Centre County; Donald Nixon with Nixon’s Technical Service of Clearfield County; Joseph DiGangi with AssureTech of Huntingdon County; and Mark Kasterko with MT Arms of Somerset County.

This year’s cash prizes ranging from $2,500 to $25,000 will be awarded to four winners who will be announced Nov. 16.