Published:
Hong Kong negative equity mortgages drop to 118 cases
December aggregate value of residential mortgage loans in negative equity down by $50 million from value in September.
The estimated number of residential mortgage loans in negative equity fell from 152 cases in September to 118 cases in December last year, the Monetary Authority says.
The aggregate value of residential mortgage loans in negative equity dropped to $150 million in December from $200 million in September.
The unsecured portion of these loans fell around $50 million. The three-month delinquency ratio of the residential mortgage loans in negative equity fell to 0.69% from 0.93% in September.
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