B.R. foreclosures continue to rise

The foreclosure rate in Baton Rouge rose at a slightly faster rate than the state average in April. The percentage of outstanding mortgages that were foreclosed upon in the Capital Region during April was nearly 2.6%, says CoreLogic. That’s 0.39 points up from the 2.17% foreclosure rate in April 2010. The percentage of outstanding mortgages that were foreclosed upon in Louisiana during April was just over 2.7%. That rate is 0.35 points up from the 2.37% foreclosure rate in April 2010. The U.S. foreclosure rate was up by 0.42 points, from 3.05% in April 2010 to 3.47%. The delinquency rate in Baton Rouge over the past year continued to drop. The number of people 90 days or more behind on their mortgages locally was 5.6% in April, a 0.3 percentage-point drop from April 2010, says CoreLogic. That’s less than the Louisiana and national average. The state delinquency average went down 0.4 points to 6.2%. Nationally, the delinquency rate was nearly 7.4%, down from the 8.2% of borrowers whose payments were three months or more late in April 2010.