economic indicators

Foreclosures rise as delinquent payments dip in Prov. metro

COURTESY CORELOGIC
FORECLOSURE RATES rose in the Providence-New Bedford-Fall River area in December as the 90-day delinquency rate fell 0.26 percentage points.
Posted 2/26/13

PROVIDENCE – The Providence-New Bedford-Fall River metropolitan area foreclosure rate rose 0.16 percentage points in December compared with the same period in 2011, CoreLogic said Wednesday.

The California-based real estate data firm reported a foreclosure rate of 2.81 percent for the metro area in December, up from 2.65 percent in December 2011; yet lower than the national rate of 2.96 percent.

As the foreclosure rate ticked up, the percentage of seriously delinquent mortgages dropped 0.26 percentage points in December compared with the period in 2011.

The Providence area 90-day delinquency rate fell to 7.29 percent in December, down from 7.55 percent the previous year.

Excluding Bristol County, Mass., Rhode Island’s foreclosure rate rose 0.31 percentage points year over year to 3 percent in December, marking another two-month consecutive increase from 2.95 percent in November.

The Rhode Island 90-day delinquency rate fared better, falling 0.23 percentage points in December to 7.41 percent.

The national foreclosure rate dropped 0.47 percentage points over the year in December to 2.96 percent. The national 90-day delinquency rate fell 0.88 percentage points year over year in December to 6.4 percent.

No comments on this story | Add your comment
Please log in or register to add your comment
Calendar
PBN Hosted
Events

Only a few seats remain for PBN's Manufacturing Awards Dinner and Ceremony, Thursday, April 24th, at the Bryant University Bello Center. Don't hesitate. Register today!
  • Business Women
    Accomplished. Confident. Wicked Smart. Nominate women you know who deserve speci ...
  • 40 Under Forty
    It's the 10th Anniversary of 40 Under Forty, and PBN is planning a special event ...
  • Healthiest Employers
    Enrollment now open for the 2014 Healthiest Employers Program. Please take a mom ...
Advertisement
Purchase Data
Book of Lists
Lists
Book of Lists cover
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.
Data icons
Data can be purchased as single lists, in either Excel or PDF format; the entire database of the published book, in Excel format; or a printed copy of the Book of Lists.
  • Purchase an e-File of a single list
  •  
  • Purchase an e-File of the entire Book of Lists database
  •  
  • Purchase a printed copy of the Book of Lists
  •  
    National
    Local
    Latest News