Foreclosure rates in Merced were down in November compared with the same period a year earlier, according to newly released data from CoreLogic, the Santa Ana-based research and analysis firm.
The CoreLogic data reveal that the rate of Merced area foreclosures among outstanding mortgage loans was 3.89 percent in November, compared with November 2010, when the rate was 5.47 percent.
On a year-over-year basis, the foreclosure rate in Merced decreased 33.74 percent.
Foreclosure activity in Merced is higher than the national foreclosure rate, which was 3.41 percent for November, according to a news release from CoreLogic.
The mortgage delinquency rate in Merced also has decreased.
According to CoreLogic data for November, 9.52 percent of mortgage loans were 90 days or more delinquent compared with 14.58 percent for the same period a year earlier.
On a year-over-year basis, the mortgage delinquency rate has decreased 39.25 percent.
The year-over-year percent change is calculated directly from the CoreLogic database of property-level data, which provide a more accurate representation of the trends than a simple percentage-point difference calculation, which was previously provided.
Because the year-over-year percent change isn't calculated using the current and prior year rates listed, in some cases, the actual year-over-year calculation will reflect no change even though the current and prior year rates differ, the news release said.
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