There were 1,396 fewer residential mortgage loans in negative equity in the first quarter, leaving 9,553 cases, with an aggregate value of $21.4 billion, according to the Monetary Authority's latest survey.
The unsecured portion of these loans fell to $2.1 billion. The loan-to-value ratio of the negative equity dropped to 111% from 112%.
The three-month delinquency ratio of the negative equity residential mortgage loans rose to 0.12% from 0.05% at the end of December.
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