Mortgage delinquency in Providence metro drops in May

THE MORTGAGE DELINQUENCY RATE in both the Providence metro area and Rhode Island declined 0.8 percentage points year over year to 4.7 percent. / BLOOMBERG NEWS FILE PHOTO/DAVID CALVERT
THE MORTGAGE DELINQUENCY RATE in both the Providence metro area and Rhode Island declined 0.8 percentage points year over year to 4.7 percent. / BLOOMBERG NEWS FILE PHOTO/DAVID CALVERT
PROVIDENCE – The percentage of mortgages in some form of delinquency of more than 30 days, including foreclosure, in the Providence-Warwick-Fall River metropolitan area was 4.7 percent in May, a 0.8 percentage-point decline year over year, according to CoreLogic Tuesday. The Ocean State was also reported to have a serious delinquency rate, which accounts for…

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