Report: 7.5% of R.I. mortgages in negative equity in 3Q

THIRD-QUARTER HOME EQUITY was estimated to have risen by $16,000 year over year in Rhode Island. / COURTESY CORELOGIC
THIRD-QUARTER HOME EQUITY was estimated to have risen by $16,000 year over year in Rhode Island. / COURTESY CORELOGIC
PROVIDENCE – In the third quarter of 2017, 7.5 percent of mortgaged homes in Rhode Island had negative equity mortgages, according to CoreLogic Thursday. Year over year, the share of negative equity mortgages, or underwater mortgages, declined 2.5 percentage points in the third quarter from 10 percent in the 2016 third quarter, when Rhode Island…
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