Foreclosure, mortgage delinquency rates fall in Prov. metro in April

CORELOGIC said foreclosure rates fell in April in the Providence-Warwick-Fall River metropolitan area, as well as in Rhode Island and nationwide. / COURTESY CORELOGIC
CORELOGIC said foreclosure rates fell in April in the Providence-Warwick-Fall River metropolitan area, as well as in Rhode Island and nationwide. / COURTESY CORELOGIC

PROVIDENCE – The foreclosure rate in the Providence-Warwick-Fall River metropolitan area was 1.52 percent in April, a drop of 0.15 percentage points compared with April 2015, CoreLogic said Tuesday.
The foreclosure rate in the Providence metro also was higher than the national foreclosure rate, which was 1.03 percent in April.
The mortgage delinquency rate also fell in April in the Providence metro. CoreLogic said 4.18 percent of mortgage loans were 90 days or more delinquent in April compared with 5.15 percent during the same period last year.
Like the foreclosure rate, the mortgage delinquency rate in the Providence metro was higher than the national rate, which was 2.94 percent in April.
Rhode Island’s foreclosure and 90-day delinquency rates also fell over the year, to 1.48 percent from 1.56 percent, and to 4.14 percent from 5.12 percent, respectively, CoreLogic said.

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