Foreclosures down in Queen City

The Springfield foreclosure rate dropped to 0.48 percent in March, down from 0.82 percent in the same month a year ago.

Measuring the rate of foreclosures among outstanding mortgage loans, the Missouri rate dropped to 0.64 percent in March from 1.08 percent a year ago. The national rate decreased to 1.86 percent from 2.85 percent, according to the latest data provided by real estate market tracker CoreLogic Inc. (NYSE: CLGX).

The foreclosure rate in the Springfield area also is down from 0.52 percent in February and 0.54 percent in January.

The Springfield mortgage delinquency rate - a precursor of foreclosures representing mortgage loans delinquent 90 days or more - was 2.23 percent in March, down from 2.79 percent in the same month of 2013. The Missouri delinquency rate fell to 3.25 percent from 3.79 percent, and the U.S. rate decreased to 4.66 percent from 6.03 percent a year earlier, according to a news release.[[In-content Ad]]