Business

Area foreclosure rate remains elevated in May

The foreclosure rate in the Wichita area in May was 1.68 percent of all outstanding mortgages, according to CoreLogic.

The percentage of homes for whom the owners are delinquent was 4.21 percent.

The foreclosure rate has ticked up slightly in 2011 from already high 2010 levels. But the delinquency rate remains about at 2010 levels.

The national foreclosure rate in May was 3.47 percent of all mortgages, and the delinquency rate was 7.39 percent.

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