Metro Atlanta mortgage delinquency rate stable

The 90-plus day delinquency rate for mortgages in metro Atlanta remained stable at 8.87 percent in October but reflected a decline from 9.84 percent at the beginning of 2011, California-based real estate tracking firm CoreLogic said Thursday

The actual foreclosure rate also dropped slightly to 3 percent in October, compared with 3.05 percent the previous month. That was slightly higher than the 2.89 percent recorded in October 2010 for Atlanta, but lower than the national rate of 3.51 percent, the firm reported.

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