CoreLogic: 5.7% of mortgages in R.I. ‘underwater’ in Q2

THE SHARE OF UNDERWATER mortgages in the Providence-Warwick-Fall River metropolitan area declined 1.7 percentage points year over year to 5.7 percent. / BLOOMBERG NEWS FILE PHOTO/SCOTT MCINTYRE
THE SHARE OF UNDERWATER mortgages in the Providence-Warwick-Fall River metropolitan area declined 1.7 percentage points year over year to 5.7 percent. / BLOOMBERG NEWS FILE PHOTO/SCOTT MCINTYRE
PROVIDENCE – At the end of June, 5.7 percent of mortgaged homes in the Providence-Warwick-Fall River metropolitan area had negative equity, a 1.7 percentage point decline from one year prior, according to a report from CoreLogic Thursday. The report found that the metro area had 21,016 mortgages with negative equity, also known as underwater mortgages,…
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