Business news of local interest


Store aids homeless animals

Pet Valu, a specialty retailer of premium pet foods and accessories, collected pet food and supplies for homeless animals as part of its annual “Thanks for Giving” collection drive this November, raising a total of $477,568 in donations — three times the amount that the campaign raised last year.

Pet Valu’s $5 Feed-a-Pet for a week promotion raised $344,608 in donations, helping to feed 68,921 pets. Pet Valu also accepted pet products and food supplies in-store, amounting to $132,960 in donations.

As each Pet Valu store partnered with a local shelter or rescue to be the recipient of their collection, all customer contributions stayed in their respective communities and directly supported local homeless animals.

Pet Valu has a location in Plank Road Commons.

Mortgage delinquency rates fall

Mortgage delinquencies were down in Altoona, according to CoreLogic, global property information, analytics and data-enabled solutions provider.

In Altoona, 5.9 percent of mortgages were delinquent by at least 30 days (in-cluding those in foreclosure) in September compared with 6.4 percent in September 2016, representing a decrease of 0.5 percentage points.

Altoona mortgages in serious delinquency (90-plus days past due) totaled 2.2 percent in September 2017 compared with 2.4 percent in September 2016. The foreclosure inventory rate for this September was 0.7 percent compared with 0.8 percent a year earlier.

Nationally, 5 percent of mortgages were in some stage of delinquency (30 days or more past due, including those in foreclosure) in September. This represents a 0.2 percentage point year-over-year decline in the overall delinquency rate compared with September 2016 when it was 5.2 percent.