Report: Providence metro mortgage delinquency remains on the decline

PROVIDENCE – Mortgage delinquency rates and foreclosure rates declined in the Providence metropolitan area and Rhode Island in September, Core­Logic said on Dec. 12.

Mortgages 30 days or more delinquent, including mortgages in foreclosure, in the Providence metro declined 0.5 percentage points year over year in September to 5.7 percent.

In the Providence metro, the percentage of mortgages in serious delinquency, or mortgages more than 90 days past due, declined 0.7 percentage points year over year to 2.4 percent. The foreclosure rate in the metro area was 0.8 percent, a 0.4 percentage-point decline year over year.

In September, 5.6 percent of Rhode Island mortgages were 30 days or more delinquent, a 0.7 percentage-point decline from September 2016.

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In Rhode Island, mortgages more than 90 days past due accounted for 2.5 percent of all mortgages, a 0.6 percentage-point decline year over year.

The foreclosure rate in Rhode Island in September declined 0.3 percentage points year over year to 0.8 percent.

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