Key Questions:

1. Who are the leading lenders in Pearl River, Mississippi?
   1. The leading lenders, by market share, are Countrywide Bank, Fsb, First National Bank Of Picayun and Hancock Bank. Do you have the best rate possible? Find out your credit score or browse
2. How stretched will home owners in Pearl River, Mississippi be in paying off their mortgage?
   1. Homeowners in Pearl River, Mississippi borrowed an average of 1.50 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 Pearl River, Mississippi homeowners will default on their mortgage payments in the coming years.
3. How likely are the owners of homes in Pearl River, Mississippi to actually live in them?
   1. 91.1% of home owners in Pearl River, Mississippi 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%.
4. How at risk is Pearl River, Mississippi to the subprime mortgage crisis?
   1. There were significantly more subprime loans taken out by home owners in Pearl River, Mississippi than the national average in 2008. That is to say, Pearl River, Mississippi will be more affected by the subprime mortgage crisis in years to come as a greater percentage of all mortgages in Pearl River, Mississippi - 13.4% 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 Pearl River, Mississippi than other areas of the US.