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Key Questions:

    1. How at risk is Greenlee, Arizona to the subprime mortgage crisis?
    2. Subprime loans taken out by home owners in Greenlee, Arizona were meaningful more than the national average in 2006. That is to say, Greenlee, Arizona will likely be more affected by the subprime mortgage crisis in years to come as a greater percentage of all mortgages in Greenlee, Arizona - 13.4% versus 12.0% - will reset to higher rates in 2008. This will likely trigger a higher amount of foreclosures caused by the reseting of subprime mortgages in Greenlee, Arizona than other areas of the US.
    1. How stretched will home owners in Greenlee, Arizona be in paying off their mortgage?
    2. Homeowners in Greenlee, Arizona borrowed an average of 1.30 times their annual income for their mortgage. This compares to 1.83 for all of the US. Based on the national average, a significantly lower risk that Greenlee, Arizona homeowners will default on their mortgage payments in the coming years.
    1. Who are the leading lenders in Greenlee, Arizona?
    2. The leading lenders, by market share, are Jpmorgan Chase Bank, Hfc Company Llc and Arizona State Credit Union. Do you have the best rate possible? Get quotes from mortgage lenders.
    1. How likely are the owners of homes in Greenlee, Arizona to actually live in them?
    2. 93.8% of home owners in Greenlee, Arizona that applied for a mortgage in 2006 live in their homes versus owning them as an investment property. This compares to the national average of 89.0%.
2006 Mortgage Research Greenlee Arizona US
Total Applications 292 1,169,636 33,304,682
Average Loan $68.2k $189.9k $184.9k
Loan to Income Ratio 1.30 1.87 1.83
Subprime Loans 13.36% 13.17% 11.98%
Refinancing Loans 51.71% 47.89% 50.05%
Principal Dwellings 93.84% 85.97% 88.97%
Rejected Applications 19.52% 10.59% 12.36%

Nearby Counties:   Graham, Cochise, Gila, Pinal, Apache

Top Ten Lenders
# Name Share Apps
1 Jpmorgan Chase Bank 9.25% 27
2 Hfc Company Llc 9.25% 27
3 Arizona State Credit Union 6.51% 19
4 Bank Of America, N.A. 5.48% 16
5 Nationstar Mortgage Llc 4.79% 14
6 The Stockmen'S Bank 4.45% 13
7 Gmac Mortgage Llc 4.11% 12
8 Wells Fargo Bank, Na 4.11% 12
9 Countrywide Home Loans 3.42% 10
10 Wells Fargo Fin'L Arizona, Inc 3.08% 9