R.I. again among top five states for late mortgages

RHODE ISLAND ranked second among states in April for its percentage of mortgages that were 90 days delinquent or more at 3.3 percent, according to Black Knight Financial Services.
RHODE ISLAND ranked second among states in April for its percentage of mortgages that were 90 days delinquent or more at 3.3 percent, according to Black Knight Financial Services.

PROVIDENCE – Rhode Island once again was among the top five states with mortgages delinquent by 90 days or more, according to data released Friday by Black Knight Financial Services.
Rhode Island had the second highest percentage of significantly late mortgage payments in April at 3.3 percent, ahead of only Mississippi, which reported 4.7 percent. Louisiana’s rate was 3.1 percent; Alabama, 3.08 percent; and New Jersey, 2.8 percent.
Nationwide, the total U.S. loan delinquency rate – loans that are 30 or more days past due, but not in foreclosure – was 4.8 percent in April, which decreased 15.4 percent from April 2014.
Total U.S. foreclosure starts dropped 7 percent from a year ago to 73,500, while the monthly prepayment rate increased 60 percent to 1.4 percent.
The number of properties nationally that are 30 or more days past due or in foreclosure numbered 3.2 million in April, a drop of 658,000 from April 2014. The number of properties that are 30 or more days past due, but not in foreclosure numbered 2.4 million, a decrease of 406,000.
There were 764,000 properties in foreclosure pre-sale inventory nationwide, a drop of 252,000 from the prior-year period.

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