Key Questions:

1. How at risk is Clay, Texas to the subprime mortgage crisis?
   1. There were significantly more subprime loans taken out by home owners in Clay, Texas than the national average in 2006. That is to say, Clay, Texas will be more affected by the subprime mortgage crisis in years to come as a greater percentage of all mortgages in Clay, Texas - 15.8% versus 12.0% - will reset to higher rates in 2008. This will mean that there will be more foreclosures caused by the reseting of subprime mortgages in Clay, Texas than other areas of the US.
2. How stretched will home owners in Clay, Texas be in paying off their mortgage?
   1. Homeowners in Clay, Texas borrowed an average of 1.14 times their annual income for their mortgage. This compares to 1.83 for all of the US. Based on the national average, a significantly lower risk that Clay, Texas homeowners will default on their mortgage payments in the coming years.
3. Who are the leading lenders in Clay, Texas?
   1. The leading lenders, by market share, are Beneficial Company Llc, Wells Fargo Bank, Na and Countrywide Home Loans. Do you have the best rate possible? Get quotes from mortgage lenders.
4. How likely are the owners of homes in Clay, Texas to actually live in them?
   1. 92.1% of home owners in Clay, Texas 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%.