CoreLogic: 9.4% of R.I. mortgages are underwater

Chris Bergenheim

06/08/2017

RHODE ISLAND HOME EQUITY IS RISING, but the percent of underwater mortgages in the state remains higher than the national average. /COURTESY CORELOGIC — RHODE ISLAND HOME EQUITY IS RISING, but the percent of underwater mortgages in the state remains higher than the national average. / COURTESY CORELOGIC

PROVIDENCE – Rhode Islanders had 22,760 “underwater” mortgages in the first quarter of 2017 according to CoreLogic. In a Thursday report, the real estate information and analytics company said 9.4 percent of all mortgages in the Ocean State were underwater, 3.3 percentage points higher than the national average. An underwater mortgage is a mortgage in…

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