(Source: OC Register) According to DataQuick’s monthly report for Orange County housing for February.
The number of defaults — first step to foreclosure — was 1,775 – that’s +13.8% vs. the previous month and -35.3% vs. a year ago.
Homeowners losing their homes through foreclosure numbered 600 – that’s -9.4% vs. the previous month and -22.1% vs. a year ago.
Other Orange County lending stats for last month, including the average down payment on homes financed, share of adjustable loans used to buy; and the estimated monthly mortgage payments for financed buyers — by month and year-to-date averages …
Slice | Last month | Vs. prev. mo. | Vs. year ago | YTD average | Vs. year ago |
Defaults | 1,775 | 13.8% | -35.3% | 1,668 | -32.5% |
Foreclosures | 600 | -9.4% | -22.1% | 631 | -21.4% |
Avg. down payment | 19.3% | -0.2% | 7.2% | 19.4% | 10.3% |
Adjustable loan share | 6.0% | -1.2% | 106.9% | 6.6% | 127.6% |
Monthly payment index | $2,195 | -0.9% | 1.3% | $2,205 | 0.1% |