According to newly released data from CoreLogic on foreclosures for the Pensacola-Ferry Pass-Brent area, the rate of foreclosures among outstanding mortgage loans is 6.23 percent for the month of June 2011, an increase of 1.20 percentage points compared to June of 2010 when the rate was 5.03 percent.* Foreclosure activity in Pensacola-Ferry Pass-Brent is higher than the national foreclosure rate which was 3.46 percent for June 2011, representing a 2.77 percentage point difference.
Also in Pensacola-Ferry Pass-Brent, the mortgage delinquency rate has increased. According to CoreLogic data for June 2011, 9.11 percent of mortgage loans were 90 days or more delinquent compared to 8.74 percent for the same period last year, representing an increase of 0.37 percentage points.*