Foreclosure, delinquency rates fall in metro area in April

The Providence-Fall River-New Bedford metropolitan-area foreclosure rate fell 0.46 percentage points for April compared with the same period in 2012, CoreLogic said Tuesday. More

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Foreclosure, delinquency rates fall in metro area in April

COURTESY CORELOGIC
BOTH THE RATE OF FORECLOSURES and delinquent mortgages fell in the Providence-Fall River-New Bedford metropolitan area, Rhode Island and the nation as a whole in April, according to Corelogic.
Posted 6/25/13

PROVIDENCE – The Providence-Fall River-New Bedford metropolitan-area foreclosure rate fell 0.46 percentage points for April compared with the same period in 2012, CoreLogic said Tuesday.

The California-based real estate data firm reported a foreclosure rate of 2.54 percent for the metro area in April, down from a 3 percent rate in April 2012 and down from 2.88 percent for March 2013.

The mortgage delinquency rate also decreased for April compared to last year. The amount of mortgage loans that were 90 days or more delinquent was 6.84 percent for April, compared with 7.41 percent in April 2012.

Excluding Bristol County, Mass., Rhode Island’s foreclosure rate fell 0.53 percentage points from last year, coming in at 2.66 percent in April compared with 3.19 percent in April 2012.

The Rhode Island 90-day delinquency rate also fell, by 0.58 percentage points, from 7.48 percent in April 2012 to 6.9 percent in April 2013.

The foreclosure rates both from Rhode Island and for metro area were lower than the national rate, which was 2.65 percent for April.

The national 90-day delinquency rate also fell by 1.19 percentage points, from 6.95 percent in April 2012 to 5.76 percent in April 2013.

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