The estimated number of residential mortgage loans in negative equity dropped to four cases at the end of December from 69 cases at the end of September, the Monetary Authority announced today.
The aggregate value of residential mortgage loans in negative equity decreased to $11 million from $282 million.
The unsecured portion of these loans decreased to $80,000 from $6 million.
Since the first quarter of 2011 there have been no residential mortgage loans in negative equity with delinquencies of more than three months.
