financial services

Providence area foreclosure rate rises

BLOOMBERG NEWS FILE PHOTO MIKE FUENTES
THE mortgage foreclosure rate in the Providence-Fall River-New Bedford area rose 0.2 percentage points in October 2011 compared with the same period in 2010, CoreLogic said Thursday.
Posted 1/5/12

PROVIDENCE – The mortgage foreclosure rate in the Providence-Fall River-New Bedford area rose 0.2 percentage points in October 2011 compared with the same period in 2010, CoreLogic said Thursday.

The California-based real estate tracking firm said 3.07 percent of outstanding loans in the area were in foreclosure during the month, up from 2.87 percent in October 2010.

CoreLogic counts the Providence-Fall-River-New Bedford area as all of Bristol County, Mass., and all of Rhode Island except Newport County.

In Rhode Island alone, the year-over-year foreclosure rate rose 0.36 percentage points in October to 3.39 percent from 3.03 percent in 2010.

Despite the increases, both the larger Providence-Fall-River-New Bedford area and Rhode Island remain below the national foreclosure rate of 3.55 percent.

While the foreclosure rate rose, the rate of mortgage delinquency, counting loans more than 90 days past due, in the Providence area declined 0.47 percentage points in October 2011 compared with a year ago to reach 7.22 percent. The Rhode Island delinquency rate fell 0.59 percentage points to 7.32 percent.

Calendar
PBN Hosted
Events

Join PBN and two panels of successful female executives, business owners and entrepreneurs as we delve into what women should do to advance their careers, and become leaders in the corporate world and their own enterprises.
  • Book of Lists Party
    Save the date - January 15, 2015 for PBN's Book of Lists Party at the Providence ...
  • Best Places to Work
    Enrollment is now open for the 7th annual Best Places to Work program. Winners w ...
Advertisement
Purchase Data
Book of Lists
Lists
Book of Lists cover
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.
Data icons
Data can be purchased as single lists, in either Excel or PDF format; the entire database of the published book, in Excel format; or a printed copy of the Book of Lists.
  • Purchase an e-File of a single list
  •  
  • Purchase an e-File of the entire Book of Lists database
  •  
  • Purchase a printed copy of the Book of Lists
  •  
    National
    Local
    Latest News
    Advertisement