Albuquerque area foreclosures, delinquencies hover above national average

Damon Scott
Albuquerque Business First

Foreclosure rates in the Albuquerque area decreased slightly in April, but are still above the national average.

According to a CoreLogic report released Thursday, the rate of the metro area’s foreclosures among outstanding mortgage loans were 2.24 percent in April, a decrease of 0.20 percentage points compared to April 2014. The national foreclosure rate was 1.33 percent in April 2015.

CoreLogic data shows the Albuquerque area’s foreclosure rates have hovered below 3 percent for at least the past 16 months. Click here to read more.