Lexington, KY - The month of May saw an increase in Lexington-Fayette County foreclosures over May of 2009 according to CoreLogic, a provider of consumer, financial and property information, analytics and services to business and government..
New data released by CoreLogic, rounded to the nearest tenth, places the rate of foreclosures among outstanding mortgage loans at 1.76 percent for the month, up from 1.37 percent in May of '09 for an increase of 0.30 percent.
The mortgage delinquency rate for the Lexington-Fayette market also has increased, according to CoreLogic. For May of 2010, 4.23 percent of mortgage loans were at least 90-days past due. That compares to 3.28 percent for May of '09 for an increase over the year of 0.95 percent.
CoreLogic notes that the May 2010 foreclosure rate for the area is lower than the national rate of 3.15 percent by a margin of 1.39 percentage points.