CoreLogic: Foreclosure rates rise in Prov. metro, fall in R.I.

THE FORECLOSURE RATE continued to rise in the Providence-Warwick metropolitan area in September, according to CoreLogic. / COURTESY CORELOGIC
THE FORECLOSURE RATE continued to rise in the Providence-Warwick metropolitan area in September, according to CoreLogic. / COURTESY CORELOGIC

PROVIDENCE – Foreclosure rates increased in the Providence-Warwick metropolitan area in September, but decreased in Rhode Island, CoreLogic said Thursday.
The foreclosure rate was 1.82 percent in September in the Providence metro, an uptick from September 2014’s 1.74 percent. The foreclosure rate in the Providence metro has been inching up since June.
In Rhode Island, the foreclosure rate was 1.78 percent, a drop from last year’s 1.86 percent.
Foreclosure rates in Providence-Warwick and statewide were higher than the 1.23 percent national foreclosure rate in September. The national rate also fell over the year – it was 1.6 percent in September 2014.
The mortgage delinquency rate, representing mortgages that are 90 days or more late, decreased in the Providence metro and Rhode Island in September, to 4.85 percent and 4.87 percent, respectively. Last year, rates were 5.63 percent and 5.66 percent, respectively.
The local mortgage delinquency rates were higher than the national rate in September, which was 3.4 percent, a 0.84 percentage point decrease from September 2014, CoreLogic said.

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