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Key Questions:

    1. How at risk is Dupage, Illinois to the subprime mortgage crisis?
    2. Loans taken out by home owners in Dupage, Illinois are within a +/- 10 percent band of the national average. That is to say, Dupage, Illinois will likely be affected by the subprime mortgage crisis just like the average county in the US.
    1. How stretched will home owners in Dupage, Illinois be in paying off their mortgage?
    2. Homeowners in Dupage, Illinois borrowed an average of 1.85 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 Dupage, Illinois homeowners will default on their mortgage payments in the coming years.
    1. Who are the leading lenders in Dupage, Illinois?
    2. The leading lenders, by market share, are Countrywide Home Loans, Washington Mutual Bank and Citimortgage, Inc. Do you have the best rate possible? Get quotes from mortgage lenders.
    1. How likely are the owners of homes in Dupage, Illinois to actually live in them?
    2. 93.0% of home owners in Dupage, Illinois 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 Dupage Illinois US
Total Applications 100,962 1,378,587 33,304,682
Average Loan $216.0k $173.9k $184.9k
Loan to Income Ratio 1.85 1.81 1.83
Subprime Loans 11.26% 13.38% 11.98%
Refinancing Loans 53.45% 50.65% 50.05%
Principal Dwellings 92.98% 90.76% 88.97%
Rejected Applications 10.16% 13.14% 12.36%

Nearby Counties:   Cook, Kane, Will, Kendall, Lake

Top Ten Lenders
# Name Share Apps
1 Countrywide Home Loans 7.77% 7,840
2 Washington Mutual Bank 4.75% 4,795
3 Citimortgage, Inc 3.72% 3,751
4 Wells Fargo Bank, Na 3.53% 3,560
5 Jpmorgan Chase Bank 3.29% 3,321
6 Lasalle Bank Na 3.20% 3,228
7 Countrywide Bank, N.A. 2.79% 2,817
8 Bank Of America, N.A. 2.46% 2,487
9 National City Bank 2.29% 2,315
10 American Home Mortgage Corp. 2.02% 2,043