Residential Finance Survey

Residential Finance Survey: 2001 - South
Table 2-3d. Mortgage Insurance Status, 1-Unit Homeowner Mortgaged Properties
^Number of mortgaged properties in thousands.
For information on confidentiality protection, sampling error, non-sampling error, and definitions, see text.
For minimum base of derived figures (percent, median, etc.) and meaning of symbols, see text.
@4Includes first mortgages that are insured by state and local governments with or without FHA insurance, VA, or Rural Housing Service/Rural Development guarantees^^

		Properties with government-insured or guaranteed first mortgage
	Total mortgaged properties	FHA first mortgage	VA first mortgage	Rural Housing Service- Rural Development first mortgage	Other insured or guaranteed properties@4	Properties with privately-insured first mortgage	Not insured
1-housing-unit properties with traditional first mortgage	12735	1629	483	315	312	1604	8392
PROPERTY CHARACTERISTICS Property Location by Geographic Area Inside MAs	10376	1428	435	203	243	1400	6666
In central cities	3193	512	163	30	86	410	1991
Not in central cities	7184	916	273	173	157	990	4675
Outside MAs	2359	201	47	111	69	203	1726
Manner of Acquisition By purchase	12320	1594	459	307	304	1564	8093
Placed one new mortgage	11259	1509	424	268	287	1467	7304
Placed two or more new mortgages	376	25	9	7	7	46	281
Assumed mortgage(s) already on property	381	21	16	32	9	42	260
Assumed mortgage(s) already on property and placed new mortgage	72	12	0	0	0	0	60
Borrowed using assets other than this property as collateral	45	0	10	0	0	4	31
Paid all cash-no borrowing	155	23	0	0	0	4	128
Other manner	32	4	0	0	0	0	29
By inheritance or gift	255	13	13	0	4	22	203
By divorce	21	9	0	0	0	4	9
By some other manner	22	0	0	0	0	0	22
Not reported	117	14	11	7	5	14	65
Source of Downpayment@1 Properties purchased 1995 to 2001 (part)	6694	1017	245	106	128	1033	4165
Sale of previous home	1993	146	30	34	35	309	1440
Sale of other real property or other investments	315	37	0	5	8	51	214
Savings	3374	600	108	24	62	576	2003
Borrowing from a retirement plan	289	62	11	3	3	56	153
Borrowing using assets other than this property as collateral	174	15	0	10	5	24	119
Proceeds from an insurance policy	28	14	4	0	0	4	6
Payments in a lease-purchase agreement	52	0	0	0	0	4	49
From a state or local government source	110	41	17	4	6	12	31
From a non-profit organization	19	0	0	6	0	0	13
From parents or relatives	665	123	0	14	17	106	406
Other	47	9	0	0	0	6	33
No downpayment required	617	103	89	14	16	64	331
Not reported	131	9	5	4	5	17	91
Other properties	5975	599	234	208	184	567	4183
Not reported	66	14	4	0	0	3	45
Year Property Acquired 1999 to 2001 (part)	3207	548	93	44	70	504	1947
1997 and 1998	2228	252	113	45	37	362	1419
1995 and 1996	1473	239	48	18	21	188	959
1990 to 1994	2579	272	120	85	71	299	1731
1985 to 1989	1430	144	29	65	51	118	1023
1980 to 1984	740	71	44	19	5	57	544
1975 to 1979	569	52	15	24	28	31	420
1970 to 1974	318	35	11	5	15	37	214
1969 or earlier	191	15	9	10	14	8	135
Building and Land Acquisition Acquired at same time	11291	1538	450	291	269	1464	7279
Not acquired at same time	1231	43	21	23	36	127	981
Land not owned by building owner	104	30	0	0	0	6	68
Not reported	109	18	12	0	8	7	65
Property New or Previously Occupied When Acquired Acquired by purchase	12320	1594	459	307	304	1564	8093
New	3761	337	125	98	101	440	2660
Previously occupied by someone else	8490	1247	329	209	200	1120	5385
Converted from non-residential use	8	0	0	0	0	0	8
Other	11	4	0	0	3	0	4
Not reported	50	6	5	0	0	4	35
Other properties	299	22	13	0	4	26	235
Not reported	117	14	11	7	5	14	65
Year Structure Built 1999 to March 2000	769	80	40	6	15	116	513
1997 and 1998	1003	86	37	19	13	158	689
1995 and 1996	828	80	23	8	10	153	553
1990 to 1994	1492	136	73	55	40	199	990
1980 to 1989	2858	369	105	89	64	340	1892
1970 to 1979	2370	379	84	100	69	224	1514
1960 to 1969	1309	168	54	14	52	147	873
1950 to 1959	1044	163	41	4	19	146	673
1940 to 1949	396	71	7	9	0	10	300
1939 or earlier	665	98	19	9	29	112	396
Purchase Price Properties acquired by purchase 1997 to 2001 (part)	5284	790	197	88	107	845	3256
Less than $20,000	127	10	0	0	4	4	109
$20,000 to $39,999	292	25	0	4	12	28	222
$40,000 to $59,999	492	145	22	11	23	39	251
$60,000 to $79,999	760	214	34	17	10	105	380
$80,000 to $99,999	808	170	33	14	16	119	456
$100,000 to $124,999	692	111	31	4	14	104	429
$125,000 to $149,999	670	64	43	15	17	144	388
$150,000 to $174,999	451	20	16	9	4	114	289
$175,000 to $199,999	224	15	10	6	0	47	145
$200,000 to $249,999	301	12	7	3	4	56	219
$250,000 to $299,999	210	0	0	5	0	39	167
$300,000 to $499,999	202	4	0	0	5	33	160
$500,000 or more	53	0	0	0	0	13	40
Median	105880	80028	106849	96597	86071	129119	112218
Mean	128398	87780	110125	112081	97558	145712	136326
Other properties	7452	839	286	226	205	759	5136
Value Less than $20,000	130	21	6	10	0	4	90
$20,000 to $39,999	430	49	0	18	12	27	323
$40,000 to $59,999	1190	203	50	82	64	75	717
$60,000 to $79,999	1730	327	88	71	49	165	1030
$80,000 to $99,999	1892	372	78	46	61	280	1055
$100,000 to $124,999	1587	285	70	16	15	217	983
$125,000 to $149,999	1626	186	72	15	36	232	1085
$150,000 to $174,999	1161	86	42	8	29	150	845
$175,000 to $199,999	707	57	31	11	4	118	487
$200,000 to $249,999	769	40	30	12	16	137	535
$250,000 to $299,999	560	0	12	14	13	86	435
$300,000 to $499,999	698	0	5	8	9	90	586
$500,000 or more	257	4	0	3	5	24	221
Median	115692	91558	107155	73350	90245	128635	124960
Mean	142977	97078	116592	107317	117828	152672	153827
Purchase Price as Percent of Value@8 Acquired by purchase	12320	1594	459	307	304	1564	8093
Purchased 1997 to 2001 (part)	5284	790	197	88	107	845	3256
Less than 60 percent	349	20	0	13	5	51	260
60 to 69 percent	322	46	8	5	4	52	207
70 to 79 percent	511	79	25	9	11	69	318
80 to 99 percent	3006	468	115	43	48	495	1836
100 percent or more	1097	177	49	18	40	177	635
Median	90	91	91	88	94	90	89
Purchased 1990 to 1996 (part)	3893	494	164	96	87	476	2575
Less than 40 percent	171	0	3	6	4	9	149
40 to 59 percent	417	31	14	6	7	43	316
60 to 79 percent	1449	193	62	34	16	194	951
80 to 99 percent	1303	202	61	32	40	198	769
100 percent or more	544	59	24	19	19	32	390
Median	79	82	81	82	88	79	77
Purchased 1989 or earlier	3143	310	97	123	109	242	2261
Less than 20 percent	284	16	5	10	21	24	208
20 to 39 percent	557	32	15	8	42	42	418
40 to 59 percent	822	108	39	23	13	60	579
60 to 79 percent	777	98	28	47	9	65	530
80 to 99 percent	324	35	0	22	22	31	213
100 percent or more	375	21	10	13	3	19	309
Median	58	60	55	69	36	58	57
Not acquired by purchase	415	35	24	7	9	40	300
Value-Income Ratio Less than 1.0	1104	149	44	29	13	112	757
1.0 to 1.4	2145	358	102	55	36	284	1310
1.5 to 1.9	2338	333	92	59	59	360	1436
2.0 to 2.4	1973	249	107	49	61	273	1235
2.5 to 2.9	1322	173	40	26	29	177	876
3.0 to 3.4	767	95	25	8	11	102	525
3.5 to 3.9	431	54	24	4	9	49	292
4.0 or more	1488	79	29	58	48	135	1138
Not reported or not computed	1168	140	20	25	47	112	824
Median	2.0	1.9	2.0	2.0	2.2	2.0	2.1
Value of Capital Improvements Properties with capital improvements between 1998 and 2000	6576	912	297	161	123	804	4279
Less than $500	116	15	0	4	11	25	62
$500 to $999	225	43	0	0	9	34	139
$1,000 to $2,499	1257	215	67	45	22	241	666
$2,500 to $4,999	1162	179	98	29	28	116	711
$5,000 to $7,499	1349	233	65	28	16	122	886
$7,500 to $9,999	336	41	3	6	0	48	239
$10,000 to $14,999	773	65	22	21	14	86	565
$15,000 to $19,999	373	52	15	13	4	63	227
$20,000 to $29,999	521	62	19	10	13	27	390
$30,000 or more	465	8	7	5	6	43	396
Median	5980	5044	4568	5184	4229	4700	6587
Mean	10784	6377	7352	7573	7902	8800	12538
Properties with no capital improvements between 1998 and 2000	4868	534	168	120	150	649	3247
Capital improvements not reported	1292	183	17	34	39	151	867
Age Restrictions Property located in subdivision restricted to people age 55 or older	1052	157	59	18	32	158	628
Property located in subdivision not restricted to people age 55 or older	11182	1411	401	284	266	1403	7417
Not reported	501	61	22	13	15	43	347
Neighborhood Composition Property located in subdivision or neighborhood occupied predominantly by people age 55 or older	1087	131	59	24	15	111	746
Property located in subdivision or neighborhood not occupied predominantly by people age 55 or older	8005	972	292	213	185	983	5359
Don't know or not reported	3644	526	132	78	112	510	2287
Type of Property Benefits@1 Government-sponsored below-market interest rate mortgage loan	199	48	12	17	4	18	101
Other government grant or subsidy	47	17	0	19	0	0	11
Property tax relief	768	63	35	12	3	68	587
Subsidy from a non-profit corporation	32	6	0	5	0	4	17
None of the above benefits	9212	1098	339	170	233	1235	6137
Not reported	2506	410	100	93	72	280	1550
Source of Property Benefits@1 With property benefits	1017	121	43	52	7	89	705
Federal government	192	42	4	40	4	8	95
State government	366	29	30	8	3	29	267
Local government	385	35	13	8	0	39	289
Non-profit corporation	32	6	0	5	0	4	17
Not reported	90	13	0	0	0	10	68
With no property benefits	9212	1098	339	170	233	1235	6137
Not reported	2506	410	100	93	72	280	1550
Reason for Benefits@1 With property benefits	1017	121	43	52	7	89	705
Occupied by low- or moderate-income individuals	162	22	0	25	0	12	104
Occupied by elderly or disabled individuals	109	9	0	4	0	12	84
A historic structure	12	6	0	0	0	0	6
Located in a community development or economic development area	38	18	0	6	0	3	11
Covered by a Homestead Exemption	681	71	34	21	7	60	487
Covered by a Community Land Trust	0	0	0	0	0	0	0
Covered by disaster relief	11	0	0	5	0	0	6
Other reason	58	9	9	6	0	0	35
Not reported	44	12	0	0	0	6	27
With no property benefits	9212	1098	339	170	233	1235	6137
Not reported	2506	410	100	93	72	280	1550
OWNER CHARACTERISTICS Owner Status 1 owner	4258	630	133	146	91	512	2746
2 owners	8350	978	346	159	216	1076	5575
3 or more owners	127	21	4	9	5	16	71
Age of Owner Under 25	150	41	6	0	13	17	73
25 to 34	1859	424	68	42	42	331	952
35 to 44	3499	460	138	98	52	458	2294
45 to 54	3505	399	117	92	84	415	2398
55 to 64	2005	162	93	28	57	185	1480
65 to 74	849	55	28	21	11	88	646
75 and over	266	19	13	8	14	34	179
Not reported	602	69	19	26	41	76	371
Median	47	42	47	45	48	44	48
Race of Owner White alone	10535	1243	364	241	261	1292	7134
Black or African American alone	1776	344	104	65	48	222	994
American Indian or Alaska Native alone	52	8	6	0	0	11	27
Asian alone	270	20	4	9	0	60	178
Native Hawaiian or Other Pacific Islander alone	8	0	0	0	0	0	8
Two or more races	94	14	5	0	3	20	51
Sex of Owner Male/Male and female co-owners	10311	1242	424	217	240	1338	6849
Female	2424	387	58	98	73	266	1543
Hispanic/Latino Origin Hispanic/Latino owner(s) only	980	188	34	17	23	141	576
No Hispanic/Latino owner(s)	11756	1441	448	297	290	1462	7816
Veteran Status@1 Veteran	2882	189	318	56	54	300	1966
Active member of Reserves or National Guard for at least 6 years	547	35	51	28	7	52	374
Persian Gulf War or after (August 1990 to present)	458	33	129	5	7	29	254
Vietnam or after (August 1964 to July 1990)	1575	94	212	28	27	162	1052
Korean conflict or after (July 1950 to July 1964)	597	35	29	5	21	60	447
World War II or after (September 1940 to June 1950)	228	13	13	0	10	26	166
Nonveteran	9070	1358	120	240	228	1210	5913
Not reported	783	83	44	18	31	94	513
Income Less than $5,000	1238	151	20	29	50	125	863
$5,000 to $9,999	165	11	10	18	6	15	106
$10,000 to $14,999	283	21	19	8	13	9	213
$15,000 to $19,999	334	42	10	17	7	31	227
$20,000 to $24,999	364	32	8	13	17	33	260
$25,000 to $29,999	683	112	13	44	30	64	419
$30,000 to $34,999	677	97	15	27	4	63	471
$35,000 to $39,999	549	78	42	5	37	75	312
$40,000 to $49,999	1327	286	78	47	25	154	737
$50,000 to $59,999	1327	213	38	29	30	161	857
$60,000 to $79,999	2128	334	79	33	40	339	1302
$80,000 to $99,999	1428	126	88	17	36	207	954
$100,000 to $119,999	784	56	49	9	3	96	570
$120,000 or more	1448	69	13	18	15	232	1101
Median	55629	49442	56962	35589	38924	64217	56865
Mean	67576	52906	63466	47649	46484	79107	69989
Owned Home Previously Previously owned home	7170	598	250	142	151	929	5101
Never owned home before	5041	959	218	160	141	609	2953
Not reported	524	72	15	13	20	66	338
MORTGAGE CHARACTERISTICS Number of Mortgages 1 mortgage	9866	1352	375	272	257	1294	6316
2 mortgages	2601	239	98	34	56	276	1900
3 or more mortgages	267	38	10	9	0	34	176
Form of Debt of First Mortgage Mortgage or deed of trust	12735	1629	483	315	312	1604	8392
Contract to purchase	0	0	0	0	0	0	0
Some other loan secured by this property	0	0	0	0	0	0	0
Method of Loan Application By computer over the Internet or by e-mail	84	4	3	0	0	24	52
By telephone or FAX	1094	117	33	5	40	152	747
By regular mail	270	33	8	7	14	24	184
By personal visit	7697	985	200	218	169	953	5173
Through third party (such as real estate agent or builder)	2382	379	197	49	62	322	1372
Some other way	22	0	0	0	0	0	22
Not reported	994	82	25	9	27	114	736
Not available	192	29	16	27	0	15	105
Origin of First Mortgage Mortgage made at time property acquired	9532	1338	380	259	221	1318	6017
Mortgage assumed at the time property acquired	332	37	16	32	0	29	218
Mortgage placed later than acquisition of property	2871	255	87	24	91	258	2157
Refinanced mortgage	2513	235	87	24	64	251	1851
Same lender	703	61	34	15	22	62	510
Different lender	1810	174	53	10	43	189	1341
Mortgage placed on property owned free and clear of debt	358	19	0	0	27	7	306
Not available	0	0	0	0	0	0	0
Purpose of First Mortgage Placed Later Than Acquisition of Property Properties on which mortgages placed later than acquisition of property	2871	255	87	24	91	258	2157
Obtain lower interest rate	1737	183	69	9	37	178	1262
Increase payment period for mortgage	16	0	0	6	0	4	6
Reduce payment period for mortgage	89	0	0	0	0	0	89
Renew or extend loan that had fallen due, without increasing outstanding balance	73	9	0	0	5	5	54
Receive cash or increase outstanding balance of loan	795	39	9	10	45	63	630
Other reason	78	18	6	0	0	0	54
Not reported	84	6	4	0	4	7	63
Other properties	9864	1375	396	290	221	1346	6236
Not available	0	0	0	0	0	0	0
Cash Received From Refinancing or Placing Mortgage on Property Owned Free and Clear Properties on which cash received	1149	81	11	6	41	105	906
Less than $20,000	495	59	11	0	28	64	333
$20,000 to $39,999	345	16	0	6	7	16	300
$40,000 to $59,999	146	6	0	0	5	13	121
$60,000 to $79,999	52	0	0	0	0	0	52
$80,000 to $99,999	53	0	0	0	0	7	46
$100,000 to $124,999	24	0	0	0	0	0	24
$125,000 to $149,999	12	0	0	0	0	0	12
$150,000 to $174,999	7	0	0	0	0	0	7
$175,000 to $199,999	4	0	0	0	0	0	4
$200,000 to $249,999	7	0	0	0	0	4	3
$250,000 to $299,999	4	0	0	0	0	0	4
$300,000 or more	0	0	0	0	0	0	0
Median	24591	13792	10000	30000	14388	16276	28008
Mean	31981	13692	6269	24250	20051	29336	34821
Properties that refinanced and did not receive cash back	1485	159	70	9	39	127	1081
Properties that refinanced and did not report if received cash back	238	15	6	10	12	26	170
Properties that did not refinance	9864	1375	396	290	221	1346	6236
Not available	0	0	0	0	0	0	0
Use of Cash From Refinancing or Placing Mortgage on Property Owned Free and Clear Properties on which cash received@1	1149	81	11	6	41	105	906
For additions, improvements or repairs to this property	464	18	11	0	17	43	375
To consolidate debts	602	41	7	0	16	43	495
For investment in other real estate	70	0	0	0	0	9	61
For other types of investments	80	0	0	6	0	10	65
For educational or medical expenses	119	13	0	0	0	29	77
To start a business	19	0	0	0	0	0	19
To settle a divorce	25	0	0	0	0	0	25
To pay taxes	19	0	0	0	0	0	19
To purchase an automobile, truck, or other vehicle	92	4	0	0	0	7	81
To purchase consumer product other than automobile, truck, or other vehicle	34	14	0	0	0	5	15
Other	35	0	0	0	12	0	23
Not reported	10	0	0	0	0	0	10
Properties that refinanced and did not receive cash back	1485	159	70	9	39	127	1081
Properties that refinanced and did not report if received cash back	238	15	6	10	12	26	170
Properties that did not refinance	9864	1375	396	290	221	1346	6236
Not available	0	0	0	0	0	0	0
Purpose of Second Mortgage Properties with second mortgage	1311	143	65	20	26	144	914
Provide funds for the purchase of this property	208	21	14	3	8	18	145
Provide funds for additions, improvements or repairs to this property	322	38	10	0	7	41	226
Provide funds for consolidation of debts	349	33	29	8	7	47	225
Provide funds for investment in other real estate	17	0	0	0	0	5	12
Provide funds for other types of investments	32	0	0	0	0	0	32
Provide funds for educational or medical expenses	23	6	0	0	0	4	13
Provide funds for starting a business	19	5	0	0	0	0	14
Provide funds to settle a divorce	6	0	0	0	0	0	6
Provide funds to pay taxes	18	5	0	0	0	0	12
Provide funds to purchase automobile, truck, or vehicle	31	0	0	0	0	0	31
Provide funds to purchase another type of consumer product	12	0	4	0	4	0	4
Other reasons	15	0	0	5	0	0	10
Not reported	260	35	8	4	0	30	183
Other properties	11424	1486	418	294	287	1460	7479
Purpose of Home Equity Line of Credit Properties with home equity line of credit	1815	172	53	31	30	200	1329
Provide funds for additions, improvements or repairs to this property	553	41	20	4	13	56	418
Provide funds for consolidation of debts	417	72	11	9	3	38	284
Provide funds for investment in other real estate	33	4	0	0	0	0	29
Provide funds for other types of investments	44	5	0	0	0	4	35
Provide funds for educational or medical expenses	59	0	4	0	0	17	37
Provide funds for starting a business	27	0	3	0	0	3	21
Provide funds to settle a divorce	3	0	0	0	0	0	3
Provide funds to pay taxes	15	0	0	0	3	3	8
Provide funds to purchase automobile, truck, or vehicle	124	9	0	4	0	14	97
Provide funds to purchase another type of consumer product	18	0	0	0	0	7	11
Other reasons	59	5	0	0	4	10	39
Not reported	464	37	15	14	6	46	346
Other properties	10920	1457	429	284	282	1404	7063
Year First Mortgage Made or Assumed 1999 to 2001 (part)	4784	656	138	69	107	702	3112
1997 and 1998	2967	331	135	64	72	397	1968
1995 and 1996	1423	224	51	29	26	144	948
1990 to 1994	2255	306	101	75	64	226	1482
1985 to 1989	680	55	15	39	20	77	474
1980 to 1984	248	18	20	19	9	23	160
1979 or earlier	378	40	22	19	15	34	248
Traditional First Mortgage Loan Less than $20,000	570	52	8	31	36	29	414
$20,000 to $29,999	659	58	34	26	21	61	459
$30,000 to $39,999	876	115	19	59	35	50	597
$40,000 to $49,999	1074	186	39	53	38	97	661
$50,000 to $59,999	1207	199	32	34	17	151	774
$60,000 to $79,999	2312	388	105	37	43	236	1503
$80,000 to $99,999	1722	326	57	17	22	214	1086
$100,000 to $149,999	2579	247	127	33	61	468	1643
$150,000 to $199,999	861	40	45	16	12	141	607
$200,000 to $249,999	416	3	12	8	3	77	311
$250,000 to $299,999	128	0	0	0	0	49	80
$300,000 or more	207	0	4	0	5	26	173
Not reported	124	16	0	0	18	4	86
Median	76608	70170	81370	47791	59313	96381	76617
Mean	91924	73389	100014	64825	72990	110838	93108
Total Mortgage Loan Less than $20,000	524	52	4	26	32	29	380
$20,000 to $29,999	634	52	38	31	21	58	435
$30,000 to $39,999	856	107	19	55	35	46	592
$40,000 to $49,999	957	176	30	53	35	78	586
$50,000 to $59,999	1107	184	27	37	24	143	691
$60,000 to $79,999	2311	383	107	37	43	239	1503
$80,000 to $99,999	1747	338	54	13	18	227	1097
$100,000 to $149,999	2626	261	137	31	61	456	1682
$150,000 to $199,999	1004	48	45	22	16	169	702
$200,000 to $249,999	418	3	15	3	3	71	322
$250,000 to $299,999	182	5	3	5	0	52	116
$300,000 or more	248	3	4	0	5	36	200
Not reported	121	16	0	0	18	0	86
Median	79288	72258	86271	48475	59512	98427	79550
Mean	96052	76235	104134	67479	75744	114853	97603
Traditional First Mortgage Outstanding Debt Less than $10,000	480	37	24	19	17	32	350
$10,000 to $19,999	642	43	12	58	28	26	474
$20,000 to $29,999	891	124	32	23	34	89	589
$30,000 to $39,999	1078	168	27	67	33	83	699
$40,000 to $49,999	1137	120	43	42	32	132	768
$50,000 to $59,999	1110	219	40	8	16	85	741
$60,000 to $79,999	2149	375	78	29	38	297	1331
$80,000 to $99,999	1578	271	52	17	18	201	1020
$100,000 to $149,999	2229	224	121	38	62	392	1392
$150,000 to $199,999	739	32	48	10	11	131	508
$200,000 to $249,999	297	0	5	3	0	75	214
$250,000 to $299,999	116	0	0	0	0	41	75
$300,000 or more	169	0	0	0	5	19	145
Not reported	121	16	0	0	18	0	86
Median	69029	65049	76184	38648	52032	85599	67987
Mean	83247	67960	83655	54139	66575	103587	83958
Total Mortgage Outstanding Debt Less than $10,000	407	31	17	19	13	29	298
$10,000 to $19,999	621	43	16	54	28	30	449
$20,000 to $29,999	872	126	36	27	30	85	567
$30,000 to $39,999	980	133	21	63	33	67	664
$40,000 to $49,999	1056	128	37	38	36	110	706
$50,000 to $59,999	1045	212	38	16	16	81	682
$60,000 to $79,999	2167	365	77	29	38	297	1360
$80,000 to $99,999	1622	299	54	13	18	215	1023
$100,000 to $149,999	2349	236	129	36	66	387	1496
$150,000 to $199,999	818	29	45	11	11	164	558
$200,000 to $249,999	332	3	8	8	0	71	240
$250,000 to $299,999	145	5	3	0	0	34	103
$300,000 or more	204	3	0	0	5	33	163
Not reported	117	16	0	0	18	0	83
Median	72263	67318	79621	39144	54532	89585	71586
Mean	86334	69958	87575	56169	65241	107585	87298
Current Interest Rate on First Mortgage Less than 6.0 percent	3538	75	11	103	148	370	2832
6.0 percent	175	14	6	0	0	10	145
6.1 to 6.4 percent	262	37	17	3	4	23	178
6.5 to 6.9 percent	1107	97	72	5	4	211	718
7.0 percent	1212	156	77	27	32	172	747
7.1 to 7.4 percent	781	87	23	0	7	190	474
7.5 to 7.9 percent	1146	281	66	16	8	184	591
8.0 percent	577	199	56	11	3	45	262
8.1 to 8.4 percent	342	43	9	21	3	97	168
8.5 to 8.9 percent	485	157	33	15	4	68	208
9.0 percent	178	32	6	15	0	29	97
9.1 to 9.4 percent	132	38	16	4	4	11	60
9.5 to 9.9 percent	317	62	19	24	9	28	173
10.0 percent	128	18	7	11	5	11	75
10.1 to 10.4 percent	81	33	5	0	0	21	21
10.5 to 10.9 percent	150	65	10	15	5	5	50
11.0 percent	165	13	6	3	4	15	125
11.1 to 12.9 percent	209	98	21	4	5	0	82
13.0 percent	37	0	0	0	0	5	32
13.1 percent or more	1711	124	21	37	67	107	1355
Not reported	0	0	0	0	0	0	0
Median	7.1	8.0	7.8	8.0	7.0	7.1	7.0
Type of Interest Rate Buydown Properties with interest rate buydown	441	66	17	0	4	33	321
Constant payment	7	0	0	0	0	4	4
3-2-1 buydown	5	0	0	0	0	5	0
Other	4	4	0	0	0	0	0
Not reported	425	62	17	0	4	25	317
Properties without interest rate buydown	5423	856	276	155	57	857	3222
Not reported	6871	707	190	160	251	713	4850
Term of First Mortgage Less than 5 years	73	0	0	0	0	0	73
5 years	122	0	0	0	0	0	122
6 to 9 years	61	0	0	0	0	0	61
10 years	199	4	0	4	14	14	164
11 to 14 years	28	0	0	0	0	0	28
15 years	1236	92	27	0	11	68	1038
16 to 19 years	17	0	0	6	0	0	11
20 years	357	22	0	6	10	51	267
21 to 24 years	6	0	0	6	0	0	0
25 years	58	5	4	5	0	7	37
26 to 29 years	40	0	0	0	0	4	36
30 years	4925	1507	452	34	33	916	1983
More than 30 years	118	0	0	95	0	0	23
No stated term	5495	0	0	160	243	543	4549
Median	30	30	30	44	21	30	30
Unexpired Term of First Mortgage Less than 5 years	355	34	8	0	0	8	306
5 to 9 years	622	57	35	18	22	8	482
10 to 14 years	942	48	33	24	4	66	768
15 to 19 years	588	132	17	13	5	89	332
20 to 24 years	1038	317	114	65	20	130	394
25 to 29 years	3078	837	249	20	18	615	1338
30 or more years	617	206	28	16	0	145	222
No stated term or not computed	5495	0	0	160	243	543	4549
Median	25	26	26	22	21	27	20
Holder of First Mortgage Commercial bank or trust company	2022	161	25	21	72	139	1605
Savings and loan association, federal savings bank	1042	75	17	11	35	105	799
Mutual savings bank	143	38	4	3	4	8	86
Life insurance company	228	24	11	7	5	17	163
Mortgage banker or mortgage company	947	178	47	5	3	259	455
Federally-sponsored secondary market agency or pool	6284	973	358	94	107	889	3865
Conventional mortgage pool	152	31	0	0	0	21	100
Other federal agency	414	30	11	140	4	34	196
Real estate investment trust	11	0	0	4	0	0	8
Pension or retirement fund	8	0	0	0	0	0	8
Credit union	387	15	4	0	13	55	301
Finance company	279	8	0	5	9	11	247
State or municipal government or housing finance agency	418	73	8	21	47	43	227
Individual or individual's estate	253	15	0	4	8	18	208
Other	145	9	0	0	6	5	125
Servicer of First Mortgage Commercial bank or trust company	2632	241	57	25	71	230	2008
Savings and loan association, federal savings bank	1171	107	32	11	30	133	858
Mutual savings bank	130	21	4	3	4	8	90
Life insurance company	209	19	6	7	5	13	158
Mortgage banker or mortgage company	6683	1117	365	104	131	1049	3917
Federally-sponsored secondary market agency or pool	23	0	4	0	0	10	10
Conventional mortgage pool	0	0	0	0	0	0	0
Other federal agency	372	17	0	134	4	29	188
Real estate investment trust	0	0	0	0	0	0	0
Pension or retirement fund	5	0	0	0	0	0	5
Credit union	448	15	13	0	12	58	350
Finance company	289	8	0	5	9	13	254
State or municipal government or housing finance agency	387	60	4	21	38	37	227
Individual or individual's estate	255	15	0	4	8	18	209
Other	133	9	0	0	0	5	119
Holder's Acquisition of First Mortgage Originated directly from borrower	5410	458	95	90	154	587	4027
Purchased from present servicer	3529	560	196	170	88	478	2038
Purchased from someone else	3796	612	192	55	71	539	2327
Not reported	0	0	0	0	0	0	0
First Mortgage Loan as a Percent of Purchase Price Properties acquired by purchase with first mortgage made or assumed at time of purchase	9553	1352	375	283	216	1309	6018
Less than 40 percent	302	24	4	16	0	47	211
40 to 49 percent	194	4	14	9	7	12	148
50 to 59 percent	264	0	0	8	7	33	216
60 to 69 percent	973	56	9	13	20	87	787
70 to 79 percent	880	52	8	21	18	74	707
80 to 89 percent	1334	92	37	28	21	183	973
90 to 94 percent	961	97	8	20	29	270	536
95 to 99 percent	1248	383	21	34	21	289	500
100 percent or more	3272	627	276	132	83	313	1840
Not reported	125	16	0	0	9	0	100
Median	94	99	32103	99	95	94	89
Other properties	3182	278	107	32	96	295	2375
Not available	0	0	0	0	0	0	0
First Mortgage Loan as a Percent of Value Properties acquired by purchase with first mortgage made or assumed at time of purchase	9553	1352	375	283	216	1309	6018
Less than 40 percent	335	19	4	16	7	53	236
40 to 49 percent	179	4	6	4	3	11	151
50 to 59 percent	317	0	4	14	3	14	282
60 to 69 percent	1761	237	88	24	35	202	1175
70 to 79 percent	1184	67	14	17	22	91	972
80 to 89 percent	1324	85	20	31	19	269	900
90 to 94 percent	859	114	12	8	29	261	434
95 to 99 percent	1214	434	27	36	24	229	464
100 percent or more	2254	377	200	132	65	177	1303
Not reported	125	16	0	0	9	0	100
Median	87	97	722	99	93	90	82
Other properties	3182	278	107	32	96	295	2375
Not available	0	0	0	0	0	0	0
First Mortgage Risk Subprime loan	559	41	4	4	23	27	461
Not subprime loan	12176	1588	479	311	289	1577	7932
Not reported	0	0	0	0	0	0	0
Total Mortgage Loan as a Percent of Purchase Price Properties acquired by purchase with first mortgage made or assumed at time of purchase	9553	1352	375	283	216	1309	6018
Less than 40 percent	295	24	4	16	0	47	204
40 to 49 percent	173	4	10	5	7	9	139
50 to 59 percent	233	0	0	4	4	29	196
60 to 69 percent	897	47	9	13	24	70	733
70 to 79 percent	785	50	15	18	18	71	612
80 to 89 percent	1183	90	32	22	17	154	868
90 to 94 percent	959	93	8	30	29	261	539
95 to 99 percent	1207	329	22	35	17	271	534
100 percent or more	3695	699	276	141	91	396	2093
Not reported	125	16	0	0	9	0	100
Median	96	4544	32040	100	96	95	92
Other properties	3182	278	107	32	96	295	2375
Not available	0	0	0	0	0	0	0
Total Mortgage Loan as Percent of Value Properties acquired by purchase with first mortgage made or assumed at time of purchase	9553	1352	375	283	216	1309	6018
Less than 40 percent	872	44	33	38	20	94	642
40 to 49 percent	532	31	15	18	19	39	409
50 to 59 percent	896	75	15	31	8	104	663
60 to 69 percent	1511	170	42	36	20	193	1050
70 to 79 percent	1597	212	31	35	37	198	1083
80 to 89 percent	1647	240	63	49	38	333	925
90 to 94 percent	701	153	36	19	22	101	369
95 to 99 percent	644	180	48	6	21	132	259
100 percent or more	1028	231	91	51	21	114	520
Not reported	125	16	0	0	9	0	100
Median	76	86	88	75	80	81	72
Other properties	3182	278	107	32	96	295	2375
Not available	0	0	0	0	0	0	0
Total Outstanding Debt as a Percent of Value Less than 20 percent	754	47	27	31	36	70	543
20 to 29 percent	542	24	23	38	9	41	408
30 to 39 percent	771	42	6	10	19	48	646
40 to 49 percent	1070	96	28	24	17	109	796
50 to 59 percent	1785	156	38	44	38	167	1343
60 to 69 percent	1957	235	47	33	44	240	1357
70 to 79 percent	1985	268	63	67	36	272	1280
80 to 89 percent	1614	258	87	24	50	323	872
90 to 99 percent	1471	381	101	23	33	269	664
100 percent or more	608	98	61	13	13	66	358
Not reported or not computed	178	25	0	8	18	0	126
Median	67	78	81	62	66	75	63
Index Used to Adjust Interest Rate on ARM Properties with adjustable rate first mortgage	1620	146	13	14	60	147	1240
Treasury security	427	42	0	0	0	44	342
Average cost of funds in bank district	46	0	0	0	0	5	41
National average cost of funds	31	0	0	0	0	6	26
OTS contract mortgage rate	6	0	0	0	0	0	6
Other method	79	0	0	0	4	4	72
No index used	34	6	0	0	0	0	29
Not reported	997	99	13	14	57	89	725
Other properties	11115	1483	470	301	252	1457	7153
Not reported	0	0	0	0	0	0	0
Frequency With Which Rate Can Be Adjusted Properties with adjustable rate first mortgage	1620	146	13	14	60	147	1240
Monthly	77	0	0	0	0	4	73
Every 3 months	4	0	0	0	0	0	4
Every 6 months	43	0	0	0	4	0	39
Yearly	423	45	0	0	0	46	333
Every 3 years	36	0	0	0	0	4	32
Every 5 years	22	0	0	0	0	0	22
Other	38	0	0	0	0	5	33
Not reported	977	101	13	14	57	89	703
Other properties	11115	1483	470	301	252	1457	7153
Not reported	0	0	0	0	0	0	0
Caps on Interest Rate Per Adjustment Period Properties with adjustable rate first mortgage	1620	146	13	14	60	147	1240
Less than 1 percent	13	0	0	0	4	0	9
1 percent	3	0	0	0	0	0	3
1.1 to 1.9 percent	23	0	0	0	0	6	18
2 percent	317	0	0	0	0	38	279
2.1 to 2.9 percent	30	9	0	0	0	6	16
3 percent	24	14	0	0	0	0	11
3.1 to 3.9 percent	13	0	0	0	0	0	13
4.0 percent or more	116	19	0	0	0	8	89
No caps	94	4	0	0	0	0	91
Not reported	986	101	13	14	57	89	712
Other properties	11115	1483	470	301	252	1457	7153
Not reported	0	0	0	0	0	0	0
Caps on Interest Rate Over Life of ARM Properties with adjustable rate first mortgage	1620	146	13	14	60	147	1240
Less than 1 percent	0	0	0	0	0	0	0
1 percent	0	0	0	0	0	0	0
1.1 to 1.9 percent	0	0	0	0	0	0	0
2 percent	18	0	0	0	0	4	14
2.1 to 2.9 percent	0	0	0	0	0	0	0
3 percent	7	0	0	0	0	0	7
3.1 to 3.9 percent	8	0	0	0	0	0	8
4.0 percent or more	504	41	0	0	4	44	415
No caps	88	4	0	0	0	4	81
Not reported	995	101	13	14	57	95	715
Other properties	11115	1483	470	301	252	1457	7153
Not reported	0	0	0	0	0	0	0
Interest Rate Changed Since Mortgage Made Properties with adjustable rate first mortgage	1620	146	13	14	60	147	1240
Yes, rate has changed	385	42	0	0	0	36	308
No change since mortgage made	259	3	0	0	4	22	230
Not reported	976	101	13	14	57	89	702
Other properties	11115	1483	470	301	252	1457	7153
Not reported	0	0	0	0	0	0	0
Change in Monthly Interest and Principal Payments Other Than Change in Interest Rate Monthly payments can change (other than change in interest ra	21	4	0	0	0	0	17
Payments can change monthly	5	0	0	0	0	0	5
Payments can change every three months	0	0	0	0	0	0	0
Payments can change every six months	0	0	0	0	0	0	0
Payments can change yearly	12	0	0	0	0	0	12
Payments can change every 3 years	0	0	0	0	0	0	0
Payments can change every 5 years	0	0	0	0	0	0	0
Other	0	0	0	0	0	0	0
Not reported	4	4	0	0	0	0	0
Monthly payments cannot change	11740	1529	470	301	256	1519	7667
Not reported	974	97	13	14	57	85	708
First Mortgage Allows for Negative Amortization Monthly payments can change (other than change in interest rate)	21	4	0	0	0	0	17
Yes, unrestricted negative amortization	0	0	0	0	0	0	0
Yes, restricted negative amortization	0	0	0	0	0	0	0
No negative amortization allowed	17	0	0	0	0	0	17
Not reported	4	4	0	0	0	0	0
Monthly payments cannot change	11740	1529	470	301	256	1519	7667
Not reported	974	97	13	14	57	85	708
MORTGAGE PAYMENTS AND OTHER EXPENSES Method of Payment of First Mortgage Regular payments of interest and/or principal	12344	1602	479	315	284	1577	8088
Interest and principal	12320	1602	479	315	284	1577	8063
Fully amortized	11394	1501	457	203	261	1479	7492
Not fully amortized	926	101	21	112	23	97	571
Interest only	24	0	0	0	0	0	24
No regular payments required	35	0	0	0	0	5	30
Not reported	356	28	4	0	28	22	275
Items Included in First Mortgage Payment@1 Regular monthly payments of both interest and principal	12320	1602	479	315	284	1577	8063
Real estate taxes	4695	1047	373	52	51	945	2226
Property insurance	4571	1065	379	54	46	876	2151
Mortgage insurance	1640	713	23	4	17	701	183
Other	1816	432	240	17	28	320	780
No items included or not reported	7410	523	85	256	224	606	5716
No regular payments of interest and principal	416	28	4	0	28	27	329
Monthly Interest and Principal Payments on First Mortgage Monthly payments of interest and/or principal	12344	1602	479	315	284	1577	8088
Less than $100	81	15	4	13	0	3	45
$100 to $199	289	36	12	37	25	17	161
$200 to $299	694	84	27	31	36	43	473
$300 to $399	1300	244	50	74	36	143	754
$400 to $499	1493	270	48	37	33	169	937
$500 to $599	1588	307	99	22	33	178	948
$600 to $699	1415	247	44	19	32	182	891
$700 to $799	1113	128	46	17	19	168	736
$800 to $899	819	86	35	15	4	116	563
$900 to $999	790	43	34	13	11	125	563
$1,000 to $1,249	1253	88	51	9	20	215	871
$1,250 to $1,499	587	36	29	22	19	55	425
$1,500 or more	922	18	0	5	17	161	721
Median	651	550	599	406	538	731	682
Mean	793	615	673	529	664	886	832
No regular payments required	35	0	0	0	0	5	30
Not reported	356	28	4	0	28	22	275
Current First Mortgage Payment Status Regular monthly payments of principal and/or interest	12700	1629	483	315	312	1599	8363
Up-to-date, ahead of schedule, or less than 90 days past due	6211	1007	381	128	75	998	3623
Delinquent by 90 days or more	238	54	13	27	0	19	125
Legal proceedings have begun	78	10	0	11	0	10	48
Legal proceedings have not begun	126	44	13	16	0	5	47
Not reported	34	0	0	0	0	4	30
Not reported	6252	569	89	160	238	582	4614
Other properties	35	0	0	0	0	5	30
Monthly Interest and Principal Payments on Total Mortgages Regular monthly payments of interest and/or principal	12361	1602	479	315	284	1581	8100
Less than $100	81	15	4	13	0	3	45
$100 to $199	278	36	12	37	25	17	150
$200 to $299	662	84	27	31	32	43	445
$300 to $399	1203	221	41	66	32	121	722
$400 to $499	1332	246	31	37	29	160	829
$500 to $599	1477	292	94	26	40	165	860
$600 to $699	1376	244	42	19	32	164	875
$700 to $799	1126	135	45	20	19	172	734
$800 to $899	882	93	47	11	4	133	594
$900 to $999	766	65	43	7	11	113	526
$1,000 to $1,249	1429	106	54	13	20	232	1003
$1,250 to $1,499	673	43	33	24	16	72	486
$1,500 or more	1076	22	7	10	24	182	832
Median	683	568	674	427	558	767	717
Mean	839	640	910	555	689	925	874
No regular monthly payments required	375	28	4	0	28	23	292
Interest and Principal Payments on Traditional First Mortgages as Percent of Income Monthly payments of interest and/or principal	12344	1602	479	315	284	1577	8088
Less than 5 percent	419	42	24	29	8	44	272
5 to 9 percent	2354	302	90	47	41	309	1566
10 to 14 percent	3262	529	141	88	53	458	1993
15 to 19 percent	2358	287	130	59	63	321	1498
20 to 24 percent	1196	150	28	17	41	121	838
25 to 29 percent	569	67	14	13	20	86	369
30 to 34 percent	354	27	6	4	0	36	282
35 to 39 percent	186	17	0	10	3	21	135
40 to 49 percent	186	10	10	4	11	5	146
50 percent or more	374	32	17	18	3	64	240
Not reported or not computed	1087	140	20	25	42	112	748
Median	14	14	14	14	17	14	15
No regular payments required	391	28	4	0	28	27	305
Real Estate Tax Acquired before 2000	10896	1315	444	284	275	1244	7334
Less than $100	2588	391	124	70	66	275	1661
$100 to $199	220	43	0	20	6	13	138
$200 to $299	321	40	13	40	17	21	190
$300 to $399	451	55	9	17	12	27	330
$400 to $499	428	43	20	26	6	48	285
$500 to $599	457	58	16	27	5	38	314
$600 to $699	432	39	29	0	7	58	299
$700 to $799	422	56	9	8	7	61	282
$800 to $899	381	70	16	6	7	58	225
$900 to $999	318	40	12	15	9	59	182
$1,000 to $1,249	1043	135	58	10	32	96	712
$1,250 to $1,499	497	72	34	8	11	59	312
$1,500 to $1,999	971	130	24	10	15	123	670
$2,000 to $2,499	704	48	44	10	21	120	460
$2,500 or more	1601	94	34	19	35	188	1231
Not reported	62	0	0	0	18	0	44
Median	826	672	805	369	832	939	865
Mean	1266	881	969	666	1031	1367	1368
Acquired 2000 and 2001 (part)	1839	315	39	31	37	360	1058
Real Estate Tax as Percent of Income Acquired before 2000	10896	1315	444	284	275	1244	7334
Less than 1.0 percent	3563	496	159	117	102	403	2286
1.0 to 1.9 percent	2450	266	117	66	34	286	1681
2.0 to 2.9 percent	1628	198	73	39	22	197	1099
3.0 to 3.9 percent	763	93	41	4	16	100	509
4.0 to 4.9 percent	488	60	19	13	15	54	328
5.0 to 7.4 percent	520	50	9	11	19	59	371
7.5 to 9.9 percent	166	20	0	5	4	22	115
10.0 percent or more	214	5	6	9	6	36	153
Not reported or computed	1102	126	20	21	56	88	791
Median	1.5	1.4	1.5	1.2	1.2	1.6	1.6
Other properties	1839	315	39	31	37	360	1058
Real Estate Tax Per $1,000 Value Acquired before 2000	10896	1315	444	284	275	1244	7334
Less than $5	3566	476	150	107	85	351	2398
$5 to $9	3057	314	131	80	81	392	2059
$10 to $14	2188	256	79	83	39	263	1468
$15 to $19	859	113	22	0	19	101	604
$20 to $24	539	64	34	8	6	61	366
$25 to $29	161	14	9	0	26	24	87
$30 to $39	460	79	19	6	0	52	304
$40 to $49	4	0	0	0	0	0	4
$50 to $59	0	0	0	0	0	0	0
$60 or more	0	0	0	0	0	0	0
Not reported or not computed	62	0	0	0	18	0	44
Median	8	8	8	7	8	8	8
Acquired 2000 and 2001 (part)	1839	315	39	31	37	360	1058