Key Questions:

1. How at risk is Madera, California to the subprime mortgage crisis?
   1. Subprime loans taken out by home owners in Madera, California were meaningful more than the national average in 2006. That is to say, Madera, California will likely be more affected by the subprime mortgage crisis in years to come as a greater percentage of all mortgages in Madera, California - 13.9% 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 Madera, California than other areas of the US.
2. How stretched will home owners in Madera, California be in paying off their mortgage?
   1. Homeowners in Madera, California borrowed an average of 2.12 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 Madera, California homeowners will default on their mortgage payments in the coming years.
3. Who are the leading lenders in Madera, California?
   1. The leading lenders, by market share, are Countrywide Home Loans, Wells Fargo Bank, Na and Washington Mutual Bank. Do you have the best rate possible? Get quotes from mortgage lenders.
4. How likely are the owners of homes in Madera, California to actually live in them?
   1. 87.8% of home owners in Madera, 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%.