Foreclosure rate rises in Prov.-Warwick area in January

CORELOGIC SAID the foreclosure rate fell to 1.7 percent in the Providence-Warwick metropolitan area in January, a drop from 1.69 percent in January 2015. / COURTESY CORELOGIC
CORELOGIC SAID the foreclosure rate fell to 1.7 percent in the Providence-Warwick metropolitan area in January, a drop from 1.69 percent in January 2015. / COURTESY CORELOGIC

PROVIDENCE – The foreclosure rate in the Providence-Warwick metropolitan area inched up slightly in January compared with January 2015, CoreLogic said.
The foreclosure rate rose to 1.7 percent from 1.69 percent, in line with the increase in the foreclosure rate statewide during the same time period. Rhode Island’s foreclosure rate climbed to 1.68 percent from 1.65 percent over the same stretch, CoreLogic said.
Nationwide, the foreclosure rate fell over the year in January, to 1.15 percent from 1.48 percent.
The Providence-Warwick metro area also saw its 90-day delinquency rate – the percentage of loans that are more than 90 days delinquent, including those in foreclosure and real estate-owned – drop to 4.67 percent from 5.6 percent, while Rhode Island’s delinquency rate fell to 4.62 percent from 5.6 percent.
As seen with the foreclosure rate, serious delinquency rates for the Providence metro and Rhode Island again were higher than the national delinquency rate, which decreased to 3.28 percent from 4.09 percent, CoreLogic said.

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  1. “Foreclosure rate rises in Prov.-Warwick area in January”????

    It is the Providence Metropolitan Area….period.

    Warwick is simply a suburb of Providence. Remember, Cranston, Pawtucket, East Providence, Woonsocket, Newport, New Bedford, and Fall River are also part of the Providence Metro. In fact, Fall River is Prividence’s largest suburb – not Warwick.

    So, really – drop the reference to Warwick.