R.I. fifth highest in U.S. in April for percentage of late mortgages

RHODE ISLAND ranked fifth among states in April for its percentage of mortgages that were 90 days delinquent or more at 2.15 percent, according to Black Knight Financial Services.
RHODE ISLAND ranked fifth among states in April for its percentage of mortgages that were 90 days delinquent or more at 2.15 percent, according to Black Knight Financial Services.

PROVIDENCE – Rhode Island had the fifth-highest percentage of mortgages delinquent by 90 days or more in April at 2.15 percent, according to Black Knight Financial Services.
Mississippi had the highest rate in that category at 3.67 percent, followed by Louisiana at 2.73 percent; Alabama, 2.58 percent; and Arkansas, 2.19 percent, Black Knight said.
Black Knight released data about foreclosures on Tuesday, noting that total U.S. foreclosure starts numbered 58,700 in April, a drop of 16.6 percent over the year. The total U.S. foreclosure pre-sale inventory rate was 1.17 percent, a year-over-year decrease of 27.8 percent.
The number of properties nationwide that are 30 or more days past due or in foreclosure totaled 2,741,000 in April, a decrease of 460,000 over the year.

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