The estimated number of residential mortgage loans in negative equity dropped to 1,307 cases at the end of June from 1,432 cases at the end of March, the Monetary Authority announced today.
The aggregate value of residential mortgage loans in negative equity decreased to $4.452 billion from $4.919 billion.
The unsecured portion of these loans decreased to $157 million from $195 million.
Since the first quarter of 2011 there have been no residential mortgage loans in negative equity with delinquencies of more than three months.
