HOUSING

Mortgage delinquencies rise in Providence area, drop in R.I.

Posted 8/23/12

PROVIDENCE – The share of homeowners falling behind on their mortgage in the Providence-Fall River-New Bedford area rose .03 percentage points in June compared with the same period last year, but fell .06 percentage points in Rhode Island, Corelogic said Thursday.

The Providence-Fall-River-New Bedford 90-day mortgage delinquency rate was 7.25 percent in June, up from 7.22 percent in June 2011, according to the California-based real estate data firm.

Statewide, the Rhode Island mortgage delinquency rate was 7.31, down from 7.37 last June.

The Providence-Fall River-New Bedford area includes Bristol County, Mass. and all of Rhode Island except Newport County.

Nationally, the 90-day mortgage delinquency rate dipped .49 percentage points year over year in June to 6.76 percent, bringing it well below both the Providence area and Rhode Island rates.

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