Forclosure, Delinquency Rates Decline in Memphis

Memphis saw a decrease in foreclosure and delinquency rates from last year according to a new study by CoreLogic. A report by the company shows that the foreclosure rate dropped from 2.59 percent in May 2012 to 1.75 percent this year -- beating the national foreclosure rate of 2.61 percent. The report also found that the delinquency rate decreased from 8.71 percent last year to 7.51 percent this year. The Memphis Business Journal has more on the story.