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<HK Home>HK End-4Q24 Estimated No. of RMLs in Negative Equity Dips 5.7% QoQ to ~38,400 Cases
The Hong Kong Monetary Authority (HKMA) announced the results of its survey on residential mortgage loans (RMLs) in negative equity at end-December 2024. The estimated number of RM...
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<HK Home>HK End-4Q24 Estimated No. of RMLs in Negative Equity Dips 5.7% QoQ to ~38,400 Cases
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The Hong Kong Monetary Authority (HKMA) announced the results of its survey on residential mortgage loans (RMLs) in negative equity at end-December 2024. The estimated number of RMLs in negative equity was 38,389 cases at end-December 2024, down 5.7% quarterly from 40,713 cases at end-September 2024. These cases were mainly related to bank staff housing loans or RMLs under mortgage insurance program, which generally have a higher loan-to-value ratio.

The aggregate value of RMLs in negative equity decreased to HK$195.1 billion at end-December 2024 compared with HK$207.5 billion at end-September 2024.

The unsecured portion of these loans decreased to HK$14.5 billion at end-December 2024 from HK$15.8 billion at end-September 2024.

The three-month delinquency ratio of RMLs in negative equity remained at a low level of 0.15% at end-December 2024 as compared to 0.13% at end-September 2024.

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