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Key Questions:

    1. How at risk is Cass, Nebraska to the subprime mortgage crisis?
    2. Loans taken out by home owners in Cass, Nebraska are within a +/- 10 percent band of the national average. That is to say, Cass, Nebraska will likely be affected by the subprime mortgage crisis just like the average county in the US.
    1. How stretched will home owners in Cass, Nebraska be in paying off their mortgage?
    2. Homeowners in Cass, Nebraska borrowed an average of 1.43 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 Cass, Nebraska homeowners will default on their mortgage payments in the coming years.
    1. Who are the leading lenders in Cass, Nebraska?
    2. The leading lenders, by market share, are Wells Fargo Bank, Na, Cass County Bank and Beneficial Company Llc. Do you have the best rate possible? Get quotes from mortgage lenders.
    1. How likely are the owners of homes in Cass, Nebraska to actually live in them?
    2. 91.7% of home owners in Cass, Nebraska 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 Cass Nebraska US
Total Applications 2,661 128,400 33,304,682
Average Loan $106.9k $99.9k $184.9k
Loan to Income Ratio 1.43 1.33 1.83
Subprime Loans 12.93% 11.41% 11.98%
Refinancing Loans 54.60% 48.55% 50.05%
Principal Dwellings 91.69% 93.00% 88.97%
Rejected Applications 10.64% 10.12% 12.36%

Nearby Counties:   Sarpy, Otoe, Douglas, Johnson, Lancaster

Top Ten Lenders
# Name Share Apps
1 Wells Fargo Bank, Na 8.27% 220
2 Cass County Bank 4.47% 119
3 Beneficial Company Llc 4.10% 109
4 Countrywide Home Loans 3.80% 101
5 First National Bank Of Omaha 3.49% 93
6 American National Bank 3.23% 86
7 Wells Fargo Funding, Inc 2.22% 59
8 Wells Fargo Fin'L Nebraska,Inc 2.14% 57
9 Citimortgage, Inc 2.14% 57
10 Tierone Bank 2.10% 56