Report: 7.5% of Providence metro mortgages underwater in Q2

Chris Bergenheim

09/21/2017

MORTGAGE OWNERS IN Rhode Island on average experienced a $15,536 gain in equity on their home year over year in the second quarter of 2017. / COURTESY CORELOGIC

PROVIDENCE – In the second quarter of 2017, 27,677 properties in the Providence metropolitan area were saddled with negative equity mortgages, comprising 7.5 percent of all mortgage holders in the area, according to a report issued by CoreLogic Inc. Thursday. Negative equity mortgages, or underwater mortgages, in the Providence metro area declined 2.6 percentage points…

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