Foreclosure rate falls in Prov. metro, R.I. in June

FORECLOSURE RATES IN the Providence-Warwick-Fall River metropolitan area fell in June to 1.42 percent compared with 1.64 percent in June 2015, CoreLogic said. / COURTESY CORELOGIC
FORECLOSURE RATES IN the Providence-Warwick-Fall River metropolitan area fell in June to 1.42 percent compared with 1.64 percent in June 2015, CoreLogic said. / COURTESY CORELOGIC

PROVIDENCE – The foreclosure rate among outstanding mortgage loans in the Providence-Warwick-Fall River metropolitan area fell to 1.42 percent in June, a decrease of 0.22 percentage points from June 2015, CoreLogic said Wednesday.
The foreclosure rate also fell in Rhode Island during that same period to 1.37 percent from 1.5 percent.
Foreclosure rates in the Providence metro and in Rhode Island were higher than the national foreclosure rate, which fell to 0.95 percent in June from 1.3 percent a year ago.
The mortgage delinquency rate also decreased in the Providence metro in June, as 3.94 percent of mortgage loans were 90 days or more delinquent compared with 5.01 percent for the same period last year. The mortgage delinquency rate was nearly the same in Rhode Island at 3.92 percent, a drop from June 2015’s 4.98 percent.
Nationwide, the mortgage delinquency rate again was lower than both the Providence metro and Rhode Island at 2.96 percent; that rate also dropped from June 2015’s 3.56 percent.

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