Black Knight: R.I. fourth-highest in nation for late mortgages in May

RHODE ISLAND tied with Arkansas in May for having the fourth-highest percentage of mortgages in the nation that were 90 days delinquent or more at 2.1 percent, according to Black Knight Financial Services.
RHODE ISLAND tied with Arkansas in May for having the fourth-highest percentage of mortgages in the nation that were 90 days delinquent or more at 2.1 percent, according to Black Knight Financial Services.

PROVIDENCE – Rhode Island tied with Arkansas for the fourth-highest percentage of late mortgages in the United States at 2.1 percent, according to Black Knight Financial Services.
Black Knight said Wednesday that Mississippi had the largest percentage of loans late by 90 days or more at 3.68 percent, followed by Louisiana at 2.79 percent and Alabama, 2.55 percent.
Black Knight said that nationwide, the total U.S. loan delinquency rate – loans that are 30 days or more past due, but not in foreclosure – was 4.25 percent in May, a year-over-year drop of 13.5 percent.
Total U.S. foreclosure starts fell nearly 20 percent over the year to 62,100.
The total U.S. foreclosure pre-sale inventory rate was 1.13 percent, a year-over-year decrease of nearly 29 percent.
The number of properties nationwide 30 or more days past due or in foreclosure totaled 2,727,000 in May, a decrease of 553,000 over the year.

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