The national foreclosure rate was 2.61 percent in May.
In another good sign of a reviving economy, the mortgage delinquency rate declined in May as well. CoreLogic said 4.68 percent of Portland-area loans were 90 or more days delinquent, a sharp decrease from the 5.5 percent rate posted a year ago. The delinquency rate includes all loans that are 90 days delinquent, including those that are in foreclosure or have been foreclosed, aka bank-owned home.
*Wendy Culverwell-Portland Business Journal