CoreLogic data reveals that the rate of Jackson area foreclosures among outstanding mortgage loans was 0.54 percent for August 2016, a decrease of 0.13 percentage points compared with August 2015 when the rate was 0.67 percent. Foreclosure activity in Jackson was lower than the national foreclosure rate, which was 0.90 percent for August 2016.
Also in Jackson, the mortgage delinquency rate decreased. According to CoreLogic data for August 2016, 3.88 percent of mortgage loans were 90 days or more delinquent compared with 5.05 percent for the same period last year, representing a decrease of 1.17 percentage points.
Location90+ Day Delinquency Rate August 201690+ Day Delinquency Rate August 2015Percentage Point Change in 90+ Day Delinquency RateForeclosure Rate August 2016Foreclosure Rate August 2015Percentage Point Change in Foreclosure Rate
Jackson, TN90+ Day Delinquency RateForeclosure Rate
*2009-2015 data available upon request.
Data Notes and Definitions
90+ Day Delinquency Rate: This measures the percentage of loans that are more than 90 days delinquent, including those in foreclosure and REO (real estate owned).
Foreclosure Rate: This measures the percentage of loans in some stage of the foreclosure process. A foreclosure is defined by the legal process by which an owner's right to a property is terminated, usually due to default. This does not represent the number of new foreclosure filings as provided by other data companies, but rather the current stock, or inventory, of loans in the foreclosure process which offers a comprehensive view of foreclosure trends. CoreLogic has approximately 85 percent coverage of foreclosure data.
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