Key Questions:

1. How at risk is Alameda, California to the subprime mortgage crisis?
   1. Subprime loans taken out by home owners in Alameda, California were meaningfully less than the national average in 2006. That is to say, Alameda, California will likely be less affected by the subprime mortgage crisis in years to come as a lesser percentage of all mortgages in Alameda, California - 10.0% versus 12.0% - will reset to higher rates in 2008.
2. How stretched will home owners in Alameda, California be in paying off their mortgage?
   1. Homeowners in Alameda, California borrowed an average of 2.49 times their annual income for their mortgage. This compares to 1.83 for all of the US. Based on the national average, a signficantly higher risk that Alameda, California homeowners will default on their mortgage payments in the coming years.
3. Who are the leading lenders in Alameda, California?
   1. The leading lenders, by market share, are Washington Mutual Bank, World Savings Bank, Fsb and Countrywide Home Loans. Do you have the best rate possible? Get quotes from mortgage lenders.
4. How likely are the owners of homes in Alameda, California to actually live in them?
   1. 91.2% of home owners in Alameda, California 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%.