R.I. had 3.9% share of ‘underwater’ mortgages in Q1

THE RATE of underwater mortgages in Rhode Island in the first quarter of 2020, which stood at 3.9%, was determined to be
THE RATE of underwater mortgages in Rhode Island in the first quarter of 2020, which stood at 3.9%, was determined to be "moderate" in a report from CoreLogic released Thursday. / COURTESY CORELOGIC
PROVIDENCE – The share of Rhode Island homes with negative equity fell to 3.9% in the first quarter, a decline from 6.1% in the same period a year ago, Corelogic said Thursday. A mortgaged home in negative equity, or when the value of a mortgage is greater than the value of the home, is known…

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