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Key Questions:

    1. How at risk is Kenosha, Wisconsin to the subprime mortgage crisis?
    2. Loans taken out by home owners in Kenosha, Wisconsin are within a +/- 10 percent band of the national average. That is to say, Kenosha, Wisconsin will likely be affected by the subprime mortgage crisis just like the average county in the US.
    1. How stretched will home owners in Kenosha, Wisconsin be in paying off their mortgage?
    2. Homeowners in Kenosha, Wisconsin borrowed an average of 1.78 times their annual income for their mortgage. This compares to 1.83 for all of the US. Based on the national average, there will be a normal risk that Kenosha, Wisconsin homeowners will default on their mortgage payments in the coming years.
    1. Who are the leading lenders in Kenosha, Wisconsin?
    2. The leading lenders, by market share, are Countrywide Home Loans, Ameriquest Mortgage Company and Jpmorgan Chase Bank. Do you have the best rate possible? Get quotes from mortgage lenders.
    1. How likely are the owners of homes in Kenosha, Wisconsin to actually live in them?
    2. 90.5% of home owners in Kenosha, Wisconsin 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%.
2006 Mortgage Research Kenosha Wisconsin US
Total Applications 19,531 539,730 33,304,682
Average Loan $146.0k $128.5k $184.9k
Loan to Income Ratio 1.78 1.61 1.83
Subprime Loans 11.78% 11.15% 11.98%
Refinancing Loans 58.04% 59.05% 50.05%
Principal Dwellings 90.55% 90.14% 88.97%
Rejected Applications 11.88% 11.91% 12.36%

Nearby Counties:   Racine, Milwaukee, Walworth, Waukesha, Ozaukee

Top Ten Lenders
# Name Share Apps
1 Countrywide Home Loans 7.44% 1,454
2 Ameriquest Mortgage Company 3.34% 653
3 Jpmorgan Chase Bank 3.29% 642
4 First Magnus Financial Corp 2.74% 536
5 Wells Fargo Bank, Na 2.66% 520
6 Countrywide Bank, N.A. 2.61% 509
7 Johnson Bank 2.54% 497
8 Washington Mutual Bank 2.35% 459
9 National City Bank 2.12% 415
10 Wells Fargo Funding, Inc 2.11% 412