CoreLogic: Prov.-Warwick metro, R.I. foreclosure rates rise in December

PROVIDENCE – Foreclosure rates in the Providence-Warwick metropolitan area and Rhode Island increased in December compared with December 2014, while mortgage delinquency rates fell during the same time frame, according to CoreLogic.

The rate of Providence-Warwick metropolitan area foreclosures among outstanding mortgage loans was 1.8 percent in December, a slight increase compared with December 2014 when the rate was 1.69 percent, CoreLogic said Tuesday.

Rhode Island’s foreclosure rate was 1.8 in December, an increase from 1.7 percent a year ago.

Foreclosure rates in Providence-Warwick and Rhode Island also were higher than the national foreclosure rate, which was 1.2 percent in December.

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The mortgage delinquency rate in the Providence metro fell in December to 4.7 percent from 5.6 percent a year ago – this rate measures the percentage of loans that are more than 90 days late, including those in foreclosure and real estate owned. Rhode Island’s rate was 4.6 percent, compared with 5.6 percent in December 2014.

Both the Providence metro and Rhode Island mortgage delinquency rates again were higher than the national mortgage delinquency rate, which was 3.3 percent in December, CoreLogic said.

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