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

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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