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Foreclosure rate soars in Stockton
SANTA ANA February 4, 2010 9:07am 
• Now nearly double national average • Delinquency rate is increasing Foreclosure rates in Stockton increased in December 2009 over the same month in 2008, according to First American CoreLogic.
According to data Thursday from First American CoreLogic on foreclosures for the Stockton area, the rate of foreclosures among outstanding mortgage loans was 6.00 percent for the month of December, an increase of 2.39 percentage points compared to December of 2008 when the rate was 3.61 percent.
Foreclosure activity in Stockton is higher than the national foreclosure rate which was 3.16 percent for December 2009, representing a 2.84 percentage point difference.
Also in Stockton, the mortgage delinquency rate has increased. According to the company’s data for December 2009, 17.63 percent of mortgage loans were 90 days or more delinquent compared to 12.57 percent for the same period last year, representing an increase of 5.06 percentage points.
Nationally, the mortgage delinquency rate in December was 8.4 percent and in California it was 11.35 percent.
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