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Key Questions:

    1. How at risk is Nye, Nevada to the subprime mortgage crisis?
    2. Loans taken out by home owners in Nye, Nevada are within a +/- 10 percent band of the national average. That is to say, Nye, Nevada will likely be affected by the subprime mortgage crisis just like the average county in the US.
    1. How stretched will home owners in Nye, Nevada be in paying off their mortgage?
    2. Homeowners in Nye, Nevada borrowed an average of 1.89 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 Nye, Nevada homeowners will default on their mortgage payments in the coming years.
    1. Who are the leading lenders in Nye, Nevada?
    2. The leading lenders, by market share, are Countrywide Home Loans, Wells Fargo Bank, Na and American Home Mortgage Corp.. Do you have the best rate possible? Get quotes from mortgage lenders.
    1. How likely are the owners of homes in Nye, Nevada to actually live in them?
    2. 87.0% of home owners in Nye, Nevada 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 Nye Nevada US
Total Applications 7,551 524,603 33,304,682
Average Loan $170.0k $219.0k $184.9k
Loan to Income Ratio 1.89 1.88 1.83
Subprime Loans 12.33% 13.22% 11.98%
Refinancing Loans 48.67% 45.72% 50.05%
Principal Dwellings 86.96% 83.88% 88.97%
Rejected Applications 16.79% 11.64% 12.36%

Nearby Counties:   Esmeralda, Lincoln, Eureka, Lander, Mineral

Top Ten Lenders
# Name Share Apps
1 Countrywide Home Loans 9.54% 720
2 Wells Fargo Bank, Na 5.36% 405
3 American Home Mortgage Corp. 4.70% 355
4 Nationstar Mortgage Llc 3.35% 253
5 Washington Mutual Bank 3.01% 227
6 Flagstar Bank 2.52% 190
7 Countrywide Bank, N.A. 2.49% 188
8 Beneficial Company Llc 2.46% 186
9 Bank Of America, N.A. 2.09% 158
10 New Century Mortgage Corporati 2.07% 156