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Wichita less affected by delinquent mortgages

Wichita ranks 235th out of 336 metro areas in foreclosure rate, according to a just-released study by several research groups.

Wichita has a foreclosure rate of 2.5 percent for prime rate mortgages and 13.7 percent among subprime mortgages, according to the Center for Housing Policy, the Local Initiatives Support Corp. and the Urban Institute.

The nation's 100 largest metro areas saw a 32 percent increase in the last year for their share of mortgages that are seriously delinquent. In March, 10.2 percent of mortgages in the 100 largest metro areas were seriously delinquent, up from 7.7 percent a year earlier.

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