Lending information for Texas - Market Share of Lenders

1. The leading lenders, by market share, are Jpmorgan Chase Bank, Na, Countrywide Bank, Fsb and Wells Fargo Bank, Na. Do you have the best rate possible? Find out your credit score or browse
1. Homeowners in Texas borrowed an average of 1.44 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 Texas homeowners will default on their mortgage payments in the coming years.
1. 91.2% of home owners in Texas 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%.
1. There were significantly more subprime loans taken out by home owners in Texas than the national average in 2008. That is to say, Texas will be more affected by the subprime mortgage crisis in years to come as a greater percentage of all mortgages in Texas - 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 Texas than other areas of the US.

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