The estimated number of residential mortgage loans in negative equity fell to 835 cases at the end of September from 3,767 cases at the end of June, the Monetary Authority said today.

The aggregate value of those mortgages in negative equity dropped to $1.5 billion from $8.1 billion. The unsecured portion of these loans fell to $200 million.

The loan-to-value ratio of the residential mortgage loans in negative equity rose to 116% from 108%, while the three-month delinquency ratio of the loans in negative equity rose to 0.82% from 0.17%.