R.I. again in top 10 for percentage of noncurrent loans

RHODE ISLAND tied with Maine for having the seventh highest percentage of noncurrent loans in October at 7.3 percent, according to Black Knight Financial Services. / COURTESY BLACK KNIGHT FINANCIAL SERVICES
RHODE ISLAND tied with Maine for having the seventh highest percentage of noncurrent loans in October at 7.3 percent, according to Black Knight Financial Services. / COURTESY BLACK KNIGHT FINANCIAL SERVICES

PROVIDENCE – Rhode Island had the seventh-highest percentage of noncurrent home loans in October at 7.3 percent, Black Knight Financial Services said this week.
Missouri again led the U.S. for its percentage of noncurrent loans, which combine foreclosures and mortgage delinquencies as a percent of active loans, at 11.2 percent, followed by Louisiana at 10.2 percent; New Jersey, 8.1 percent; Alabama, 7.9 percent; and New York and West Virginia, which each had percentages of 7.8 percent.
Rhode Island tied with Maine at 7.3 percent.
While Rhode Island’s percentage is still high, it is an improvement from last year, as it fell 18.2 percent from October 2015.
The average for noncurrent loans was 5.3 percent nationwide in October.
North Dakota again had the lowest percentage of noncurrent loans at 2.2 percent. New Hampshire had the lowest percentage among the New England states, coming in 14th lowest at 4.5 percent.

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