Key Questions:

1. Who are the leading lenders in Madison, New York?
   1. The leading lenders, by market share, are Oneida Savings Bank, Countrywide Bank, Fsb and Alliance Bank Na. Do you have the best rate possible? Find out your credit score or browse
2. How stretched will home owners in Madison, New York be in paying off their mortgage?
   1. Homeowners in Madison, New York borrowed an average of 1.07 times their annual income for their mortgage. This compares to 1.97 for all of the US. Based on the national average, a significantly lower risk that Madison, New York homeowners will default on their mortgage payments in the coming years.
3. How likely are the owners of homes in Madison, New York to actually live in them?
   1. 94.6% of home owners in Madison, New York 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 Madison, New York to the subprime mortgage crisis?
   1. Subprime loans taken out by home owners in Madison, New York were meaningful more than the national average in 2008. That is to say, Madison, New York will likely be more affected by the subprime mortgage crisis in years to come as a greater percentage of all mortgages in Madison, New York - 5.9% versus 4.8% - will reset to higher rates in 2009. This will likely trigger a higher amount of foreclosures caused by the reseting of subprime mortgages in Madison, New York than other areas of the US.