Q4 Mortgage Credit Risk Low

Q4 Mortgage Credit Risk Low. 
Risk likely to increase

March 21, 2017
By Mortgage Daily staff

It's been 16 years since the quality of residential loans originated has been as low as it was in the fourth-quarter 2016. But higher risk is likely ahead.

Based on the Housing Credit Index, single-family loans had less credit risk during the final quarter of last year than three months earlier and a year earlier.In fact the index, which considers six credit risk attributes, indicates that fourth-quarter 2016 loans were among the highest-quality loans originated since 2001. Read More

Smith and Wong indicted for 56 counts; under investigation by FBI

03/21/17. (Source: Kaum News) Unsealed in the District Court of Guam today, two men have been indicted in the federal court for 56 counts of conspiracy to commit wire fraud and theft of government property, to name a few. Attorney Mark Smith was hired by GHURA as legal counsel in March 2011, and was prohibited from receiving funds directly or indirectly during his term. Read More