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Key Questions:

    1. How at risk is Glenn, California to the subprime mortgage crisis?
    2. Loans taken out by home owners in Glenn, California are within a +/- 10 percent band of the national average. That is to say, Glenn, California will likely be affected by the subprime mortgage crisis just like the average county in the US.
    1. How stretched will home owners in Glenn, California be in paying off their mortgage?
    2. Homeowners in Glenn, California borrowed an average of 2.17 times their annual income for their mortgage. This compares to 1.83 for all of the US. Based on the national average, there will be a normal risk that Glenn, California homeowners will default on their mortgage payments in the coming years.
    1. Who are the leading lenders in Glenn, California?
    2. The leading lenders, by market share, are Countrywide Home Loans, Beneficial Company Llc and Wells Fargo Bank, Na. Do you have the best rate possible? Get quotes from mortgage lenders.
    1. How likely are the owners of homes in Glenn, California to actually live in them?
    2. 91.8% of home owners in Glenn, 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%.
2006 Mortgage Research Glenn California US
Total Applications 3,091 4,894,022 33,304,682
Average Loan $166.7k $321.8k $184.9k
Loan to Income Ratio 2.17 2.31 1.83
Subprime Loans 11.91% 11.67% 11.98%
Refinancing Loans 61.86% 56.98% 50.05%
Principal Dwellings 91.75% 90.85% 88.97%
Rejected Applications 12.71% 12.10% 12.36%

Nearby Counties:   Colusa, Tehama, Lake, Butte, Sutter

Top Ten Lenders
# Name Share Apps
1 Countrywide Home Loans 9.58% 296
2 Beneficial Company Llc 3.79% 117
3 Wells Fargo Bank, Na 3.14% 97
4 Bank Of America, N.A. 3.14% 97
5 Nationstar Mortgage Llc 3.07% 95
6 Lehman Brothers Bank 3.07% 95
7 Gateway Business Bank 3.07% 95
8 National City Bank 2.81% 87
9 Countrywide Bank, N.A. 2.75% 85
10 Tri Counties Bank 2.43% 75