Lending information for Iowa - Market Share of Lenders

1. The leading lenders, by market share, are Wells Fargo Bank, Na, Countrywide Bank, Fsb and Jpmorgan Chase Bank, Na. Do you have the best rate possible? Find out your credit score or browse
1. Homeowners in Iowa borrowed an average of 1.56 times their annual income for their mortgage. This compares to 1.97 for all of the US. Based on the national average, there will be a normal risk that Iowa homeowners will default on their mortgage payments in the coming years.
1. 92.8% of home owners in Iowa that applied for a mortgage in 2008 live in their homes versus owning them as an investment property. This compares to the national average of 90.0%.
1. There were significantly more subprime loans taken out by home owners in Iowa than the national average in 2008. That is to say, Iowa will be more affected by the subprime mortgage crisis in years to come as a greater percentage of all mortgages in Iowa - 7.4% versus 4.8% - will reset to higher rates in 2009. This will mean that there will be more foreclosures caused by the reseting of subprime mortgages in Iowa than other areas of the US.

Top Ten Lenders
#	Name	Share	Apps
1	Wells Fargo Bank, Na	12.49%	19,035
2	Countrywide Bank, Fsb	6.35%	10,086
3	Jpmorgan Chase Bank, Na	4.03%	5,826
4	Citimortgage, Inc	3.77%	5,042
5	Us Bank, N.A.	3.25%	4,232
6	Hfc Company Llc	3.25%	4,837
7	Gmac Mortgage Llc	2.93%	3,998
8	Iowa Bankers Mortgage Corporat	2.78%	4,045
9	Hills Bank And Trust Company	2.62%	3,196
10	Beneficial Company Llc	2.43%	3,921

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