Down with Portland foreclosure rates!

The Portland area’s foreclosure rate dropped to 1.89 percent in January, falling 0.65 percentage points compared to a year ago, according to Irving, Calif.-based CoreLogic.

CoreLogic said local activity remained below than the national rate of 1.97 percent.

The group had reported last month it expected to enter 2014 with fewer than 1 million homes worth of foreclosure inventory.

Too, the local mortgage delinquency, defined as the rate of mortgage loans 90 or more days past due, fell to 3.89 percent in January from 5.17 percent one year ago.

Check out the original article here at the BizJournal.