Personal Finance
HK Q2 negative equity Residential mortgages fall
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Posted 30 July 2008 @ 09:30 am HKT
Hong Kong residential mortgage loans in negative equity fell by 17 cases, to 936, with an aggregate value of $1.7 billion in the year's second quarter, according to the Monetary Authority's latest survey.
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equity fall mortgages negative residential
Chinese School Scraps Pregnancy TestCompared with the peak of 106,000 cases at the end of June 2003, the number has plunged 99%.
The estimated unsecured portion of these loans remained unchanged at $200 million. The loan-to-value ratio of the negative equity fell to 112% from 118%.
The three-month delinquency ratio of the negative equity residential mortgage loans dropped to 0.61% from 1.13% at the end of March.
news.gov.hk
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