Key Questions:

1. How at risk is Bronx, New York to the subprime mortgage crisis?
   1. Subprime loans taken out by home owners in Bronx, New York were meaningful more than the national average in 2006. That is to say, Bronx, New York will likely be more affected by the subprime mortgage crisis in years to come as a greater percentage of all mortgages in Bronx, New York - 13.8% versus 12.0% - will reset to higher rates in 2008. This will likely trigger a higher amount of foreclosures caused by the reseting of subprime mortgages in Bronx, New York than other areas of the US.
2. How stretched will home owners in Bronx, New York be in paying off their mortgage?
   1. Homeowners in Bronx, New York borrowed an average of 2.40 times their annual income for their mortgage. This compares to 1.83 for all of the US. Based on the national average, a signficantly higher risk that Bronx, New York homeowners will default on their mortgage payments in the coming years.
3. Who are the leading lenders in Bronx, New York?
   1. The leading lenders, by market share, are Jpmorgan Chase Bank, Countrywide Home Loans and Citimortgage, Inc. Do you have the best rate possible? Get quotes from mortgage lenders.
4. How likely are the owners of homes in Bronx, New York to actually live in them?
   1. 90.9% of home owners in Bronx, New York 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%.