ST. GEORGE - Foreclosure rates in St. George have increased for the month of July over the same period last year, according to First American CoreLogic, a collector of national, state and local data on home prices, foreclosure and delinquency activity, real estate sales volume and mortgage loan activity.

According to recent data from First American CoreLogic on foreclosures for the St. George area, the rate of foreclosures among outstanding mortgage loans is 1.24 percent for the month of July, an increase of 0.81 percentage points compared to July of 2007 when the rate was 0.42 percent.

The number of outstanding foreclosures in St. George, including new and existing filings, for July of this year is 337. Foreclosure activity in St. George is lower than the national foreclosure rate which was 1.6 percent for July 2008, representing a 0.36 percentage point difference.

Also in St. George, the mortgage delinquency rate has increased. According to First American CoreLogic, 3.14 percent of mortgage loans were 90 days or more delinquent for July 2008 compared to 1.06 percent for the same period last year, representing an increase of 2.08 percentage points.

Foreclosure data for First American CoreLogic is reported based on the actual number of active mortgage loans rather than the total number of households in a given area, which provides more accurate results by removing renters and paid-in-full mortgages from the equation.