Black Knight: R.I. again one of top five states for late mortgages

RHODE ISLAND again was one of the top five states with mortgages delinquent by 90 days or more in September, according to Black Knight Financial Services. / COURTESY BLACK KNIGHT FINANCIAL SERVICES
RHODE ISLAND again was one of the top five states with mortgages delinquent by 90 days or more in September, according to Black Knight Financial Services. / COURTESY BLACK KNIGHT FINANCIAL SERVICES

PROVIDENCE – Rhode Island again was one of the top five states with mortgages delinquent by 90 days or more in September, according to Black Knight Financial Services.
Rhode Island’s 90-day delinquency rate was 2.66 percent, behind Mississippi at 4.15 percent; Louisiana at 2.92 percent; and Alabama, 2.88 percent. Maine was fifth at 2.57 percent.
Black Knight said that nationwide, the delinquency rate – loans that are 30 or more days past due, but not in foreclosure – was 4.87 percent in September, a drop of 14 percent from September 2014.
The total U.S. foreclosure pre-sale inventory rate was 1.46 percent, a drop of 22.6 percent from last September, and total U.S. foreclosure starts numbered 79,000, a decrease of 16.3 percent.
The number of properties nationwide that are 30 days or more past due on their mortgage or in foreclosure numbered 3,194,000, a drop of 606,000 over the year. The number of properties that are 90 or more days past due, but not in foreclosure, was 817,000, a decline of 273,000.
Nationally, the monthly pre-payment rate was 1.1 percent, an increase of 12.3 percent over the year, Black Knight said.

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