Key Questions:

1. How at risk is Modoc, California to the subprime mortgage crisis?
   1. Subprime loans taken out by home owners in Modoc, California were meaningfully less than the national average in 2006. That is to say, Modoc, California will likely be less affected by the subprime mortgage crisis in years to come as a lesser percentage of all mortgages in Modoc, California - 9.1% versus 12.0% - will reset to higher rates in 2008.
2. How stretched will home owners in Modoc, California be in paying off their mortgage?
   1. Homeowners in Modoc, California borrowed an average of 1.62 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 Modoc, California homeowners will default on their mortgage payments in the coming years.
3. Who are the leading lenders in Modoc, California?
   1. The leading lenders, by market share, are Bank Of America, N.A., Countrywide Home Loans and Moneyline Lending Services. Do you have the best rate possible? Get quotes from mortgage lenders.
4. How likely are the owners of homes in Modoc, California to actually live in them?
   1. 86.1% of home owners in Modoc, 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%.