PROPERTY OWNERS AND MANAGERS SURVEY
                      MULTI FAMILY PROPERTIES:  SERVICER OF FIRST MORTGAGE
                                            TABLE 87
    
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    !                           !          !          TYPE OF MULTI FAMILY PROPERTY                   !
    !                           !          !__________________________________________________________!
    !                           !  TOTAL   !         !        !        !         !          ! 50 OR   !
    !                           ! UNITED   !         ! 3 TO 4 ! 5 TO 9 ! 10 TO 19! 20 TO 49 ! MORE    !
    !                           ! STATES   ! 2 UNITS ! UNITS  ! UNITS  !  UNITS  !  UNITS   ! UNITS   !
    !_________________________________________________________________________________________________!
    !TOTAL UNITED STATES        ! 20584822 ! 3084750 !2471070 !1894445 ! 1467786 !  2223786 ! 9442986 !
    !_________________________________________________________________________________________________!
    !SERVICER OF FIRST MORTGAGE !          !         !        !        !         !          !         !
    !___________________________!          !         !        !        !         !          !         !
    !MORTGAGED*                 ! 16916069 ! 1991573 !1726120 !1347698 ! 1134121 !  1920745 ! 8795812 !
    !_________________________________________________________________________________________________!
    ! COMMERCIAL BANK OR TRUST  !  4001598 !  730453 ! 587974 ! 423051 !  298106 !   502823 ! 1459191 !
    !_________________________________________________________________________________________________!
    ! S&L ASSOCIATION, FEDERAL  !  1431138 !  265661 ! 283186 ! 223241 !  168810 !   190471 !  299769 !
    ! SAVINGS BANK              !          !         !        !        !         !          !         !
    !_________________________________________________________________________________________________!
    ! MUTUAL SAVINGS BANK       !    59072 !    2220 !   7924 !   3178 !    5189 !        0 !   40561 !
    !_________________________________________________________________________________________________!
    ! LIFE INSURANCE CO.        !   241664 !       0 !      0 !  12816 !    2859 !    11720 !  214269 !
    !_________________________________________________________________________________________________!
    ! MORTGAGE BANKER OR        !  1417757 !  242665 ! 239191 !  70298 !   21636 !    63837 !  780130 !
    ! MORTGAGE COMPANY          !          !         !        !        !         !          !         !
    !_________________________________________________________________________________________________!
    ! FEDERALLY SPONSORED       !   319212 !   10858 !   9278 !   9665 !    2064 !    18396 !  268951 !
    ! SECONDARY MARKET AGENCY   !          !         !        !        !         !          !         !
    !_________________________________________________________________________________________________!
    ! CONVENTIONAL MORTGAGE POOL!    48068 !    2891 !   2664 !   5847 !       0 !     7839 !   28827 !
    !_________________________________________________________________________________________________!
    ! OTHER FEDERAL AGENCIES    !   528126 !   46857 !  15466 !  10918 !   31352 !   150265 !  273268 !
    !_________________________________________________________________________________________________!
    ! REAL ESTATE INVESTMENT    !    45583 !    3880 !   2688 !   2204 !    4345 !        0 !   32466 !
    ! TRUST                     !          !         !        !        !         !          !         !
    !_________________________________________________________________________________________________!
    ! PENSION FUND OR RETIREMENT!    34046 !       0 !      0 !      0 !       0 !        0 !   34046 !
    ! FUND                      !          !         !        !        !         !          !         !
    !_________________________________________________________________________________________________!
    ! CREDIT UNION              !    76952 !   34939 !  25912 !  12729 !       0 !        0 !    3372 !
    !_________________________________________________________________________________________________!
    ! FINANCE COMPANY           !   111043 !   17964 !  11218 !  11735 !       0 !    20054 !   50072 !
    !_________________________________________________________________________________________________!
    ! STATE OR MUNICIPAL GOVT   !   258407 !    3465 !  11521 !   2620 !    6956 !    31530 !  202315 !
    ! OR HOUSING FINANCE AGENCY !          !         !        !        !         !          !         !
    !_________________________________________________________________________________________________!
    ! INDIVIDUAL OR INDIVIDUALS !   557324 !  108955 ! 117197 ! 116119 !   91467 !    84731 !   38855 !
    ! ESTATE                    !          !         !        !        !         !          !         !
    !_________________________________________________________________________________________________!
    ! OTHER                     !   385931 !   53226 !  19031 !  29841 !   21757 !    30051 !  232025 !
    !_________________________________________________________________________________________________!
    ! NOT REPORTED*             !  7400149 !  467538 ! 392868 ! 413438 !  479579 !   809029 ! 4837697 !
    !_________________________________________________________________________________________________!
    !NOT MORTGAGED              !  3668750 ! 1093177 ! 744951 ! 546745 !  333663 !   303040 !  647174 !
    !_________________________________________________________________________________________________!
    
     *NOTE: Includes not reported on mortgage status