Report: 6.1% of R.I. mortgages ‘underwater’ in Q1

ROUGHLY 6.1% OF mortgages in Rhode Island were in negative equity in the first quarter of 2019. / BLOOMBERG NEWS FILE PHOTO/DAVID CALVERT
ROUGHLY 6.1% OF mortgages in Rhode Island were in negative equity in the first quarter of 2019. / BLOOMBERG NEWS FILE PHOTO/DAVID CALVERT
PROVIDENCE – The share of mortgaged homes that have negative equity in Rhode Island in the first quarter of 2019 was 6.1%, a decline from 6.8% one year prior, according to a report from CoreLogic Thursday. A mortgaged home in negative equity, or when the value of a mortgage is greater than the value of…

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