Good news via the BBJ:

The report found that, as of April 30, 5.79 percent of active home loans were delinquent in the so-called Boston-Quincy region. The rate was down from March’s rate of 5.91 percent and marked the region’s lowest delinquency rate on record since July 2009. CoreLogic qualifies a mortgage as delinquent if it is at least 90 days past due or in some stage of the foreclosure or OREO (other real estate owned) process.

The mortgage-delinquency rate for all of Massachusetts in April was 5.58 percent, while the national rate was 7.39 percent. Both the state and U.S. rates were year-over-year improvements from the delinquency levels posted in April 2010, according to CoreLogic.

Call Now