Key Questions:

1. Who are the leading lenders in Washington, New York?
   1. The leading lenders, by market share, are Countrywide Bank, Fsb, First Niagara Bank and Beneficial Company Llc. Do you have the best rate possible? Find out your credit score or browse
2. How stretched will home owners in Washington, New York be in paying off their mortgage?
   1. Homeowners in Washington, New York borrowed an average of 1.65 times their annual income for their mortgage. This compares to 1.97 for all of the US. Based on the national average, there will be a normal risk that Washington, New York homeowners will default on their mortgage payments in the coming years.
3. How likely are the owners of homes in Washington, New York to actually live in them?
   1. 94.8% of home owners in Washington, 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 Washington, New York to the subprime mortgage crisis?
   1. There were significantly more subprime loans taken out by home owners in Washington, New York than the national average in 2008. That is to say, Washington, New York will be more affected by the subprime mortgage crisis in years to come as a greater percentage of all mortgages in Washington, New York - 6.3% versus 4.8% - will reset to higher rates in 2009. This will mean that there will be more foreclosures caused by the reseting of subprime mortgages in Washington, New York than other areas of the US.