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Key Questions:

    1. How at risk is Plymouth, Massachusetts to the subprime mortgage crisis?
    2. Loans taken out by home owners in Plymouth, Massachusetts are within a +/- 10 percent band of the national average. That is to say, Plymouth, Massachusetts will likely be affected by the subprime mortgage crisis just like the average county in the US.
    1. How stretched will home owners in Plymouth, Massachusetts be in paying off their mortgage?
    2. Homeowners in Plymouth, Massachusetts borrowed an average of 2.15 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 Plymouth, Massachusetts homeowners will default on their mortgage payments in the coming years.
    1. Who are the leading lenders in Plymouth, Massachusetts?
    2. The leading lenders, by market share, are Countrywide Home Loans, Citimortgage, Inc and Citizens Bank Of Massachusetts. Do you have the best rate possible? Get quotes from mortgage lenders.
    1. How likely are the owners of homes in Plymouth, Massachusetts to actually live in them?
    2. 93.6% of home owners in Plymouth, Massachusetts 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 Plymouth Massachusetts US
Total Applications 62,676 658,844 33,304,682
Average Loan $223.6k $223.6k $184.9k
Loan to Income Ratio 2.15 2.02 1.83
Subprime Loans 10.74% 9.93% 11.98%
Refinancing Loans 62.45% 57.14% 50.05%
Principal Dwellings 93.61% 91.91% 88.97%
Rejected Applications 12.14% 11.64% 12.36%

Nearby Counties:   Bristol, Norfolk, Suffolk, Barnstable, Dukes

Top Ten Lenders
# Name Share Apps
1 Countrywide Home Loans 6.48% 4,061
2 Citimortgage, Inc 2.85% 1,784
3 Citizens Bank Of Massachusetts 2.82% 1,766
4 Washington Mutual Bank 2.63% 1,648
5 Bank Of America, N.A. 2.58% 1,614
6 Countrywide Bank, N.A. 2.12% 1,329
7 New Century Mortgage Corporati 1.99% 1,249
8 Sovereign Bank 1.98% 1,239
9 Wells Fargo Bank, Na 1.93% 1,211
10 Ameriquest Mortgage Company 1.91% 1,197