Hawaii ranks No. 7 for mortgage risk

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Hawaii's real estate market volatility has propelled it into the No. 7 slot in a ranking of states with the highest mortgage risk, according to a LoanPerformance Home Price Index released yesterday by California-based First American CoreLogic.

The index, which is used by investors and members of the mortgage finance and securities business to assess real estate mortgage collateral risk, ranked only California, Nevada, Arizona, Florida, Rhode Island and Wyoming higher for risk than Hawaii.

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