Foreclosure rates in Altoona increased in June compared with the same period last year, according to First American CoreLogic, a collector of national, state and local data on home prices, foreclosure and delinquency activity, real estate sales volume and mortgage loan activity.
According to recent data, the rate of foreclosures among outstanding mortgage loans is 1.40 percent for the month of June, an increase of 0.10 percentage points compared with June 2008.
Foreclosure activity in Altoona is lower than the national foreclosure rate, which was 2.6 percent for June.
The mortgage delinquency rate also increased in Altoona. Preview data for June showed 4 percent of mortgage loans were 90 days or more delinquent, compared with 3.30 percent for the same period last year.
From July 2008 to June there were 274 foreclosure filings in Altoona. That compares with the previous 12-month period when there were 377 foreclosure filings.