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The estimated number of residential mortgage loans in negative equity fell to 466 cases at the end of December from 835 at the end of September, the Monetary Authority announced today. The aggregate value dropped to $700 million from $1.5 billion.
The unsecured portion of these loans fell to $100 million during the three-month period.
The three-month delinquency ratio fell to 0.57% from 0.82% owing to a faster decline in the delinquent amount than that in the total amount of residential mortgage loans in negative equity.
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