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Residential mortgage loans in negative equity grew by 1,632 cases to 2,568 with an aggregate value of $6 billion in the year's third quarter, according to the Monetary Authority's latest survey.
Compared with the peak of 106,000 cases at the end of June 2003, the figure fell 2.4% at the end of September.
The estimated unsecured portion of these loans rose to $400 million. The loan-to-value ratio of the negative equity fell to 107% from 112%.
The three-month delinquency ratio of the negative equity residential mortgage loans dropped to 0.08% from 0.61% at the end of June.
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