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Key Questions:

    1. How at risk is Missouri to the subprime mortgage crisis?
    1. Loans taken out by home owners in Missouri are within a +/- 10 percent band of the national average. That is to say, Missouri will likely be affected by the subprime mortgage crisis just like the average county in the US.
    2. How stretched will home owners in Missouri be in paying off their mortgage?
    1. Homeowners in Missouri borrowed an average of 1.55 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 Missouri homeowners will default on their mortgage payments in the coming years.
    3. Who are the leading lenders in Missouri?
    1. The leading lenders, by market share, are Countrywide Home Loans, Beneficial Company Llc and Wells Fargo Bank, Na. Do you have the best rate possible? Get quotes from mortgage lenders.
    4. How likely are the owners of homes in Missouri to actually live in them?
    1. 89.0% of home owners in Missouri 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 Missouri US
Total Applications 651,576 33,304,682
Average Loan $116.7k $184.9k
Loan to Income Ratio 1.55 1.83
Subprime Loans 12.34% 11.98%
Refinancing Loans 52.98% 50.05%
Principal Dwellings 89.02% 88.97%
Rejected Applications 12.36% 12.36%
Top Ten Lenders
# Name Share Apps
1 Countrywide Home Loans 7.17% 46,708
2 Beneficial Company Llc 3.42% 22,269
3 Wells Fargo Bank, Na 2.94% 19,166
4 Citimortgage, Inc 2.81% 18,332
5 Bank Of America, N.A. 2.78% 18,146
6 Countrywide Bank, N.A. 2.16% 14,099
7 Hfc Company Llc 1.95% 12,701
8 Argent Mortgage Company 1.84% 11,962
9 Gmac Mortgage Llc 1.80% 11,759
10 Jpmorgan Chase Bank 1.68% 10,936