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Key Questions:

    1. How at risk is Clark, Kansas to the subprime mortgage crisis?
    2. Loans taken out by home owners in Clark, Kansas are within a +/- 10 percent band of the national average. That is to say, Clark, Kansas will likely be affected by the subprime mortgage crisis just like the average county in the US.
    1. How stretched will home owners in Clark, Kansas be in paying off their mortgage?
    2. Homeowners in Clark, Kansas borrowed an average of 1.40 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 Clark, Kansas homeowners will default on their mortgage payments in the coming years.
    1. Who are the leading lenders in Clark, Kansas?
    2. The leading lenders, by market share, are Hfc Company Llc, Landmark National Bank and Mortgage Investment Services C. Do you have the best rate possible? Get quotes from mortgage lenders.
    1. How likely are the owners of homes in Clark, Kansas to actually live in them?
    2. 91.8% of home owners in Clark, Kansas 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 Clark Kansas US
Total Applications 85 229,921 33,304,682
Average Loan $65.2k $109.8k $184.9k
Loan to Income Ratio 1.40 1.43 1.83
Subprime Loans 11.76% 10.73% 11.98%
Refinancing Loans 41.18% 48.83% 50.05%
Principal Dwellings 91.76% 91.49% 88.97%
Rejected Applications 17.65% 11.55% 12.36%

Nearby Counties:   Ford, Meade, Comanche, Kiowa, Gray

Top Ten Lenders
# Name Share Apps
1 Hfc Company Llc 9.41% 8
2 Landmark National Bank 8.24% 7
3 Mortgage Investment Services C 7.06% 6
4 Ameriquest Mortgage Company 7.06% 6
5 Abn Amro Mortgage Group, Inc. 4.71% 4
6 Wells Fargo Bank, Na 4.71% 4
7 Us Bank, N.A. 4.71% 4
8 Jpmorgan Chase Bank 4.71% 4
9 Suntrust Mortgage, Inc 3.53% 3
10 Countrywide Home Loans 3.53% 3