CoreLogic: Foreclosure rates rise in Providence metro in October

FORECLOSURE RATES in the Providence-Warwick metropolitan area increased 0.1 percentage points over the year in October, to 1.8 percent, CoreLogic said. / COURTESY CORELOGIC
FORECLOSURE RATES in the Providence-Warwick metropolitan area increased 0.1 percentage points over the year in October, to 1.8 percent, CoreLogic said. / COURTESY CORELOGIC

PROVIDENCE – Foreclosure rates in the Providence-Warwick metropolitan area increased over the year in October, to 1.8 percent from 1.7 percent a year ago, CoreLogic said Wednesday.
Foreclosure activity in the Providence metro was higher than the national rate, which was 1.2 percent in October, CoreLogic said.
Also in the Providence metro, the mortgage delinquency rate – mortgages that are 90 days or more late – decreased to 4.8 percent; a year ago, it was 5.6 percent.
Rhode Island’s rates were similar to the Providence metro’s.
In Rhode Island, the foreclosure rate was 1.76 percent two months ago, compared with 1.8 percent in October 2014. The mortgage delinquency rate also was 4.8 percent in October in Rhode Island, compared with 5.5 percent a year ago.
Mortgage delinquency rates in the Providence metro and Rhode Island topped the national mortgage delinquency rate, which was 3.4 percent in October, a decrease from 4.1 percent in October 2014.

No posts to display