Key Questions:

1. Who are the leading lenders in Russell, Alabama?
   1. The leading lenders, by market share, are Wachovia Mortgage Fsb, Countrywide Bank, Fsb and Gmac Mortgage Llc. Do you have the best rate possible? Find out your credit score or browse
2. How stretched will home owners in Russell, Alabama be in paying off their mortgage?
   1. Homeowners in Russell, Alabama borrowed an average of 1.91 times their annual income for their mortgage. This compares to 1.97 for all of the US. Based on the national average, there will be a normal risk that Russell, Alabama homeowners will default on their mortgage payments in the coming years.
3. How likely are the owners of homes in Russell, Alabama to actually live in them?
   1. 90.8% of home owners in Russell, Alabama that applied for a mortgage in 2008 live in their homes versus owning them as an investment property. This compares to the national average of 90.0%.
4. How at risk is Russell, Alabama to the subprime mortgage crisis?
   1. Subprime loans taken out by home owners in Russell, Alabama were meaningful more than the national average in 2008. That is to say, Russell, Alabama will likely be more affected by the subprime mortgage crisis in years to come as a greater percentage of all mortgages in Russell, Alabama - 5.9% versus 4.8% - will reset to higher rates in 2009. This will likely trigger a higher amount of foreclosures caused by the reseting of subprime mortgages in Russell, Alabama than other areas of the US.