The percentage of delinquent home loans in Sonoma County has yet to fall, with one of every 14 homeowners more than 90 days behind on their mortgage payments in May.
The preliminary rates for delinquencies in May reached nearly 7.3 percent, the highest rate in more than a year, according to data released Wednesday by CoreLogic, formerly First American CoreLogic. A year earlier the rate was nearly 5.3 percent, or about one in every 20 home loans.
The preliminary rates are often revised. For example, the April rate was first reported at 7.5 percent, but since has been revised to slightly under 7.2 percent.
The county rates remain lower than the state and nation. California’s delinquency rate reached 10.6 percent in May, and the U.S. rate was 8.2 percent.
The rate of county homes in some stage of foreclosure in May hovered at 1.8 percent. The rate was 1.86 percent in May 2009, but has been at or near 2 percent for the past year.
The foreclosure rate in May was 2.9 percent for California and nearly 3.2 percent nationally.
— Robert Digitale