Business

Wichita-area foreclosure rate rises

WICHITA -- The foreclosure rate for the Wichita area in August rose to 1.13 percent of all mortgages, up from 0.75 percent in August 2008, according to First American CoreLogic, a leading collector of data on real estate activity.

Wichita foreclosures in August were less than half the national average of 2.86 percent.

The percentage of Wichita mortgage holders at least 90 days late was 3.6 percent.

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