28 October 2014 - The Hong Kong Monetary Authority yesterday announced the results of its latest analysis on residential mortgage loans (RMLs) in negative equity. The report shows that the estimated number of RMLs in negative equity decreased to 1 case at the end of September 2014 from 30 cases at the end of June 2014.
In addition, the report said that the aggregate value of RMLs in negative equity decreased to HK$2 million at the end of September 2014 compared with HK$129 million at the end of June 2014. The unsecured portion of these loans decreased to HK$0.02 million at the end of September 2014 from HK$3 million at the end of June 2014.
Since the first quarter of 2011, there have been no RMLs in negative equity with delinquencies of more than three months.
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