PROVIDENCE – Rhode Island again was eighth highest in the United States in February for its percentage of noncurrent loans, Black Knight Financial Services said this week.
The Ocean State’s percentage of noncurrent loans was 7.1 percent, while Mississippi again had the highest percentage of noncurrent loans at 11.1 percent, followed by Louisiana and Alabama at 9.7 percent and 7.8 percent, respectively.
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Rhode Island saw its percentage of noncurrent loans, which combine foreclosures and mortgage delinquencies as a percent of active loans, fall 11.1 percent over the year. Maine again had the highest percentage of noncurrent loans in New England at 7.4 percent, which was sixth highest nationally.
North Dakota and Colorado had the lowest percentage of noncurrent loans at 2.4 percent. New Hampshire had the lowest percentage in New England at 5.4 percent, which was 19th lowest nationally.
The national noncurrent loan percentage was lower than Rhode Island’s at 5.1 percent; it fell over the year by 10.4 percent.
