FORECLOSURES

Miami area foreclosure rate fell again in December

 

mbrannigan@MiamiHerald.com

The foreclosure rate in greater Miami keeps heading in the right direction, but it still has a long way to go.

In December 2013, 8.72 percent of the mortgages in the Miami-Miami Beach-Kendall area were in some stage of foreclosure, according to CoreLogic, an Irvine, Calif.-based data firm.

That rate was down from 14.38 percent a year earlier. Still, it was four times the national foreclosure rate, which dropped to 2.09 percent in December 2013 from 2.95 percent a year earlier.

Greater Miami’s mortgage delinquency rate, or percentage of loans more than 90 days late, declined in December to 14.99 percent from 20.79 percent a year earlier. That, too, was far above the national average of 5.03 percent, which marked an improvement from 6.4 percent a year earlier.

Florida’s foreclosure rate fell to 6.67 percent from 10.27 percent in December 2012, and its delinquency rate dropped to 11.18 percent from 15.16 percent, CoreLogic said.

Read more Breaking News - Business stories from the Miami Herald

  •  
British human rights activist Andy Hall arrives at Phra Khanong provincial court for a trial in Bangkok, Thailand Tuesday, Sept. 2, 2014. Hall, who investigated alleged abuses at a Thai fruit processing factory went on trial Tuesday in the first in a series of criminal lawsuits filed against him by the company. Natural Fruit Co. Ltd. is accusing Hall of defamation in the wake of a report he helped author last year for the Finland-based watchdog group Finnwatch that detailed poor labor conditions in seafood and pineapple export companies in Thailand.

    British migrant rights activist faces Thai trial

    A British human rights activist who investigated alleged abuses at a Thai fruit processing factory went on trial Tuesday in the first of a series of criminal lawsuits filed against him by the company.

  •  
This screenshot shows a July 3, 2014 tweet by the hacking group LulzSecPeru after it claimed to have hacked Peru's government’s CERT network emergency center. The Peruvian hackers have broken into military, police, and other sensitive government networks in Argentina, Colombia, Chile, Venezuela and Peru. Now they have stolen emails from the Peruvian Council of Ministers’ network that fueled accusations top Cabinet ministers acted more like industry lobbyists than public servants.

    Top South America hackers rattle Peru's Cabinet

    The Peruvian hackers have broken into military, police, and other sensitive government networks in Argentina, Colombia, Chile, Venezuela and Peru, defacing websites and extracting sensitive data to strut their programming prowess and make political points.

  •  
Rio’s Tom Jobim International Airport sports new signage.

    Airports

    A new operator readies Rio de Janeiro’s airport for 2016 Olympics

    A partnership of Singapore’s Changi Airports International and Odebrecht, which also has played a big role at MIA, is now running Rio’s international airport.

Miami Herald

Join the
Discussion

The Miami Herald is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere on the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.

The Miami Herald uses Facebook's commenting system. You need to log in with a Facebook account in order to comment. If you have questions about commenting with your Facebook account, click here.

Have a news tip? You can send it anonymously. Click here to send us your tip - or - consider joining the Public Insight Network and become a source for The Miami Herald and el Nuevo Herald.

Hide Comments

This affects comments on all stories.

Cancel OK

  • Marketplace

Today's Circulars

  • Quick Job Search

Enter Keyword(s) Enter City Select a State Select a Category