Foreclosure rates fall in December in Prov. metro, R.I.

CORELOGIC SAID THAT foreclosure and 90-day mortgage delinquency rates fell over the year in December in the Providence-Warwick-Fall River metropolitan area and Rhode Island. / COURTESY CORELOGIC
CORELOGIC SAID THAT foreclosure and 90-day mortgage delinquency rates fell over the year in December in the Providence-Warwick-Fall River metropolitan area and Rhode Island. / COURTESY CORELOGIC

PROVIDENCE – The foreclosure rate in the Providence-Warwick-Fall River metropolitan area fell to 1.25 percent in December, but remained higher than the national foreclosure rate of 0.85 percent, CoreLogic said Thursday.

Rhode Island’s foreclosure rate dipped to 1.17 percent in December, and also was higher than the national rate.

Foreclosure rates were 1.81 percent in December 2015 in both the Providence metro and Rhode Island. The foreclosure rate measures the percentage of loans that are in some stage of the foreclosure process, CoreLogic said.

Ninety-day mortgage delinquency rates also declined over the year in the Providence metro and Rhode Island in December, to 3.49 percent and 3.45 percent, respectively. The rates were 4.65 percent and 4.60 percent a year ago in the metro and in Rhode Island.

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The national mortgage delinquency rate was 2.64 percent in December. That also dropped 0.63 percentage points over the year.

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