Medford area foreclosure rate continues to drop

CoreLogic reports a year-over-year drop in the foreclosure rate for the Medford area.
Foreclosures among outstanding mortgage loans stood at 2.06 percent in June 2015, down 0.60 percentage points compared to June 2014 when it was 2.66 percent.
Still, foreclosure activity in Medford was higher than June’s national foreclosure rate of 1.28 percent.
Reflecting better economic times, Medford’s mortgage delinquency rate decreased in June with 4 percent of mortgage loans delinquent 90 days or more, compared to 5.05 percent a year earlier.

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With kids heading back to school, the Better Business Bureau encourages parents to remind their students the dangers lurking in the digital domain.
The BBB suggests limiting online access, teaching children what not to post online. “Never include full names, addresses, and dates of birth or social security numbers on social media sites.”
The agency notes changing passwords as a precaution. “Use strong passwords on smart phones, tablets and computers. Change the passwords every few weeks and be careful about leaving devices unattended in public areas like dorms or libraries.”
Most important, might be this reminder about student rights. The Family Educational Rights and Privacy Act protects the privacy of student records. FERPA requires schools to notify parents and guardians about their school directory policy. It also gives you the right to opt out of the release of directory information to third parties.

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With crude prices declining, the Baker Hughes Weekly Rig Count reports the U.S. Rig Count is down 8 rigs from last week to 877, with oil rigs up 1 at 675, and gas rigs down 9 to 202. During the past year, the U.S. Rig Count is down 1,037 rigs from to 1,914, with oil rigs down 900, and gas rigs down 136.

 

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    Greg Stiles

    Covering the Southern Oregon business and economy since 2001. Read Full
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