I believe the members of FCG have made the right choice. Guam is economically active and has a bright future ahead of it. Among others, Guam is an exciting and popular destination for tourists who number over a million. In short, tourists easily outnumber the local population (est. at over 165,000).
Fewer of these mortgages are being issued, particularly among highly indebted households. However, we have become increasingly concerned about low-ratio mortgages—those where the down payment is more than 20 per cent of the value of the home. We are continuing to see an increase in new low-ratio mortgages that have riskier characteristics.