U.S. Department of Commerce

Residential Finance Survey

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Residential Finance Survey: 2001 - United States
Table 2-5. FHA First Mortgages by Holder of Mortgage, 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^^

Holder of First Mortgage
Total Commercial
bank or
trust
company
Savings and
loan
association
Mutual
savings
bank
Life
insurance
company
Mortgage
banker or
mortgage
company
Federally-
sponsored
agency or
mortgage
pool
Conventional
mortgage
pool
Other
federal
agency
Real estate
investment
trust (REIT)
Pension
fund
or
retirement
fund
Credit
union
Finance
company
State or
municipal
government
or housing
finance
agency
Individual
or
individual's
estate
Other

1-housing-unit properties with
traditional first mortgage
3985 440 225 52 62 496 2244 44 75 3 0 50 16 206 30 42

PROPERTY CHARACTERISTICS


Property Location by Geographic Area

Inside MAs
3482 369 194 52 53 466 1999 32 71 3 0 35 8 148 15 35
In central cities 1216 112 56 20 22 160 710 9 25 3 0 5 4 70 6 13
Not in central cities 2265 257 138 32 31 306 1288 22 46 0 0 30 4 78 10 22
Outside MAs 504 71 31 0 9 30 245 12 4 0 0 15 8 57 14 7

Year Structure Built

1999 to March 2000
238 30 14 0 9 12 154 0 9 0 0 4 4 3 0 0
1997 and 1998 211 15 0 0 4 35 145 0 0 3 0 0 0 0 6 3
1995 and 1996 160 27 13 3 0 11 81 0 4 0 0 0 4 7 4 5
1990 to 1994 273 25 11 0 0 53 134 12 7 0 0 4 0 19 6 4
1980 to 1989 703 97 26 12 6 103 396 7 17 0 0 4 0 18 5 12
1970 to 1979 759 55 36 19 9 93 425 16 15 0 0 10 4 65 5 7
1960 to 1969 373 49 46 3 8 48 187 0 5 0 0 0 0 18 5 3
1950 to 1959 561 73 21 10 14 70 317 9 10 0 0 3 0 36 0 0
1940 to 1949 282 24 10 0 7 43 159 0 5 0 0 8 4 20 0 0
1939 or earlier 424 45 47 6 5 27 246 0 4 0 0 17 0 20 0 7

Purchase Price

Properties acquired by
purchase 1997 to 2001 (part)
2020 171 68 10 27 313 1237 20 26 3 0 15 12 99 11 7
Less than $20,000 22 6 0 0 0 0 10 0 0 0 0 6 0 0 0 0
$20,000 to $39,999 106 3 0 0 8 4 62 0 4 0 0 5 0 15 6 0
$40,000 to $59,999 223 31 3 0 5 28 119 12 6 0 0 0 4 14 0 0
$60,000 to $79,999 383 15 15 3 6 66 237 3 6 0 0 0 4 27 0 0
$80,000 to $99,999 413 26 0 0 0 47 311 5 5 0 0 0 0 20 0 0
$100,000 to $124,999 318 38 13 6 0 72 179 0 3 0 0 0 0 7 0 0
$125,000 to $149,999 268 31 12 0 5 53 154 0 3 3 0 0 0 7 0 0
$150,000 to $174,999 111 9 8 0 4 20 57 0 0 0 0 0 4 0 5 3
$175,000 to $199,999 95 12 5 0 0 11 62 0 0 0 0 0 0 6 0 0
$200,000 to $249,999 38 0 5 0 0 5 21 0 0 0 0 4 0 3 0 0
$250,000 to $299,999 10 0 0 0 0 6 4 0 0 0 0 0 0 0 0 0
$300,000 to $499,999 22 0 7 0 0 0 11 0 0 0 0 0 0 0 0 4
$500,000 or more 10 0 0 0 0 0 10 0 0 0 0 0 0 0 0 0
Median 93332 102783 130359 106112 62424 103953 92238 56710 72843 137500 0 25932 69343 74814 38527 313743
Mean 107267 100707 141626 96646 77267 107485 110284 57353 79185 130000 0 70699 94108 82868 82675 239101
Other properties 1966 269 157 42 35 184 1006 24 49 0 0 35 4 106 19 35

Value

Less than $20,000
41 9 5 0 0 0 15 0 0 0 0 6 0 5 0 0
$20,000 to $39,999 134 18 4 0 8 4 74 0 9 0 0 0 0 7 11 0
$40,000 to $59,999 318 41 18 10 4 14 181 12 11 0 0 4 0 13 0 9
$60,000 to $79,999 590 31 30 6 6 78 350 4 8 0 0 16 4 58 0 0
$80,000 to $99,999 780 70 30 3 14 93 471 18 10 0 0 5 4 46 9 7
$100,000 to $124,999 586 69 41 21 0 96 317 5 6 0 0 0 4 23 0 4
$125,000 to $149,999 511 42 16 9 11 98 316 0 7 3 0 0 0 9 0 0
$150,000 to $174,999 350 64 23 4 5 35 179 5 0 0 0 8 4 18 0 4
$175,000 to $199,999 281 37 19 0 0 50 153 0 0 0 0 0 0 10 5 7
$200,000 to $249,999 177 18 13 0 4 19 91 0 12 0 0 4 0 9 5 3
$250,000 to $299,999 80 8 13 0 3 0 36 0 8 0 0 7 0 0 0 5
$300,000 to $499,999 99 27 12 0 8 6 43 0 0 0 0 0 0 4 0 0
$500,000 or more 38 6 0 0 0 4 17 0 4 0 0 0 0 4 0 4
Median 105548 118316 115369 109064 99824 115556 102399 86806 98094 137500 0 79004 102491 88440 88273 159054
Mean 123634 134529 133949 95820 134683 127550 121084 87993 139502 140000 0 113452 106420 108153 99989 180578

Value of Capital Improvements

Properties with capital
improvements between 1998
and 2000
2223 229 123 28 37 285 1280 17 37 3 0 34 4 112 14 21
Less than $500 34 0 0 6 0 12 13 0 0 0 0 0 0 4 0 0
$500 to $999 89 14 5 0 0 9 62 0 0 0 0 0 0 0 0 0
$1,000 to $2,499 430 46 23 4 6 61 240 12 10 3 0 3 0 16 6 0
$2,500 to $4,999 420 40 22 6 0 50 259 0 6 0 0 5 4 15 4 11
$5,000 to $7,499 478 34 38 3 4 69 287 5 4 0 0 8 0 22 0 4
$7,500 to $9,999 109 17 4 0 6 12 52 0 3 0 0 0 0 15 0 0
$10,000 to $14,999 276 23 13 3 11 24 175 0 0 0 0 14 0 11 0 3
$15,000 to $19,999 131 13 7 6 0 17 62 0 9 0 0 0 0 17 0 0
$20,000 to $29,999 154 23 3 0 4 28 80 0 0 0 0 3 0 13 0 0
$30,000 or more 102 19 9 0 8 4 50 0 4 0 0 0 0 0 5 4
Median 5725 6109 5808 4284 11648 5399 5578 2090 6615 1750 0 10212 3750 7332 3567 4977
Mean 8373 9485 8429 6058 17837 6927 8056 2560 15374 2000 0 8947 3000 8598 12132 11173
Properties with no capital
improvements between 1998 and 2000
1366 141 77 25 16 180 780 23 25 0 0 16 12 57 6 8
Capital improvements not
reported
396 70 25 0 9 32 184 3 14 0 0 0 0 37 10 13

Age Restrictions

Property located in subdivision
restricted to people age 55 or older
261 17 19 6 6 40 145 0 4 3 0 4 0 8 6 4
Property located in subdivision not
restricted to people age 55 or older
3569 397 206 37 56 446 2023 40 61 0 0 46 16 181 24 35
Not reported 156 26 0 9 0 11 75 3 10 0 0 0 0 17 0 4

Neighborhood Composition

Property located in subdivision or
neighborhood occupied predominantly by
people age 55 or older
301 35 50 11 0 17 147 12 0 0 0 11 4 14 0 0
Property located in subdivision or
neighborhood not occupied predominantly
by people age 55 or older
2558 274 123 11 43 312 1498 28 49 0 0 27 9 141 19 26
Don't know or not reported 1126 131 52 30 19 167 599 3 27 3 0 12 4 51 10 17

OWNER CHARACTERISTICS


Age of Owner

Under 25
78 13 0 0 0 8 41 0 3 0 0 5 0 7 0 0
25 to 34 934 51 30 9 9 142 599 12 14 0 0 4 0 48 10 7
35 to 44 1155 129 45 18 11 179 617 26 17 0 0 15 8 73 5 11
45 to 54 952 100 76 6 31 108 516 5 19 0 0 5 4 56 15 11
55 to 64 469 64 34 10 7 26 279 0 14 0 0 14 4 14 0 5
65 to 74 143 22 12 0 4 9 88 0 0 0 0 0 0 4 0 4
75 and over 56 9 3 0 0 7 28 0 0 3 0 6 0 0 0 0
Not reported 198 51 24 10 0 17 77 0 9 0 0 0 0 3 0 5
Median 43 45 48 42 49 40 42 39 44 87 0 45 45 41 45 46

Race of Owner

White alone
3319 378 195 27 50 397 1875 38 44 3 0 50 16 183 24 37
Black or African American alone 521 43 27 17 9 81 293 6 22 0 0 0 0 12 6 5
American Indian or Alaska Native alone 33 5 0 0 0 0 16 0 4 0 0 0 0 8 0 0
Asian alone 84 14 3 8 3 18 30 0 5 0 0 0 0 3 0 0
Native Hawaiian or Other Pacific
Islander alone
5 0 0 0 0 0 5 0 0 0 0 0 0 0 0 0
Two or more races 24 0 0 0 0 0 24 0 0 0 0 0 0 0 0 0

Sex of Owner

Male/Male and female co-owners
3125 339 159 31 54 355 1811 38 56 3 0 44 12 165 24 33
Female 860 101 66 21 8 141 433 5 19 0 0 6 4 41 6 9

Hispanic/Latino Origin

Hispanic/Latino owner(s) only
557 62 14 9 0 100 334 0 8 0 0 0 0 28 0 0
No Hispanic/Latino owner(s) 3429 378 211 43 62 396 1909 44 67 3 0 50 16 177 30 42

Veteran Status@1

Veteran
551 45 41 6 13 44 317 10 15 3 0 14 4 36 0 4
Active member of Reserves or National
Guard for at least 6 years
108 3 4 6 4 13 72 0 4 0 0 0 0 3 0 0
Persian Gulf War or after
(August 1990 to present)
76 0 4 0 0 9 57 0 4 0 0 0 0 3 0 0
Vietnam or after
(August 1964 to July 1990)
352 33 41 0 9 27 174 10 11 0 0 14 0 29 0 4
Korean conflict or after
(July 1950 to July 1964)
87 0 7 0 0 6 66 0 4 0 0 0 4 0 0 0
World War II or after
(September 1940 to June 1950)
39 9 3 0 0 1 19 0 0 3 0 0 0 4 0 0
Nonveteran 3240 359 163 41 39 442 1834 34 48 0 0 36 12 167 30 35
Not reported 194 36 21 6 10 10 92 0 12 0 0 0 0 3 0 4

Income

Less than $5,000
314 32 20 10 0 42 157 0 8 0 0 0 0 25 15 5
$5,000 to $9,999 50 11 5 0 0 4 24 0 1 0 0 6 0 0 0 0
$10,000 to $14,999 55 8 1 6 0 0 40 0 0 0 0 0 0 0 0 0
$15,000 to $19,999 76 20 5 0 0 0 38 0 6 0 0 0 0 4 0 4
$20,000 to $24,999 152 26 6 0 4 12 86 0 6 0 0 5 0 4 0 5
$25,000 to $29,999 262 13 6 6 4 45 159 0 13 0 0 5 0 12 0 0
$30,000 to $34,999 283 17 25 6 6 25 166 0 6 0 0 5 0 18 6 4
$35,000 to $39,999 248 44 12 4 7 50 112 4 0 0 0 0 4 12 0 0
$40,000 to $49,999 633 29 37 9 5 87 374 21 16 3 0 0 0 38 9 4
$50,000 to $59,999 496 56 18 6 3 59 284 14 5 0 0 9 4 34 0 3
$60,000 to $79,999 723 98 45 0 17 103 401 6 4 0 0 4 8 25 0 14
$80,000 to $99,999 349 27 25 6 8 42 207 0 8 0 0 0 0 22 0 4
$100,000 to $119,999 181 41 21 0 0 20 90 0 0 0 0 7 0 3 0 0
$120,000 or more 163 19 0 0 8 9 106 0 4 0 0 8 0 9 0 0
Median 48716 53654 48992 34504 62114 48072 49083 48754 33722 45000 0 54029 60010 47533 30142 49082
Mean 53371 55144 52287 35072 65538 50784 54983 51353 39432 41000 0 66636 57791 49553 19163 43871

Owned Home Previously

Previously owned home
1519 169 95 9 35 197 820 9 28 3 0 21 12 68 20 32
Never owned home before 2333 240 112 37 27 287 1376 35 42 0 0 29 0 129 10 10
Not reported 134 32 19 6 0 12 48 0 6 0 0 0 4 8 0 0

MORTGAGE CHARACTERISTICS


Number of Mortgages

1 mortgage
3194 375 175 47 54 357 1840 37 49 0 0 39 12 158 15 35
2 mortgages 656 52 47 6 8 96 332 7 26 3 0 10 4 44 15 7
3 or more mortgages 136 14 4 0 0 43 71 0 0 0 0 0 0 4 0 0

Form of Debt of First Mortgage

Mortgage or deed of trust
3985 440 225 52 62 496 2244 44 75 3 0 50 16 206 30 42
Contract to purchase 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Some other loan secured by this property 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Type of First Mortgage Instrument

Fixed-rate, level-payment mortgage
3442 373 170 46 46 451 1939 44 67 3 0 41 12 195 26 30
Short-term with balloon payment mortgage 142 22 25 0 4 0 77 0 4 0 0 9 0 1 0 0
Reverse mortgage 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Adjustable rate mortgage (ARM) 370 42 30 0 8 45 224 0 4 0 0 0 0 10 4 4
Other 31 4 0 6 4 0 4 0 0 0 0 0 4 0 0 9

Method of Loan Application

By computer over the Internet or
by e-mail
4 0 0 0 0 0 4 0 0 0 0 0 0 0 0 0
By telephone or FAX 329 17 23 0 0 50 177 12 8 0 0 9 0 29 0 3
By regular mail 89 12 5 3 4 8 50 0 4 0 0 0 0 3 0 0
By personal visit 2308 288 137 40 37 243 1307 23 37 3 0 33 9 104 25 21
Through third party (such as real
estate agent or builder)
997 85 50 3 21 165 564 8 21 0 0 4 4 48 5 18
Some other way 11 6 0 0 0 0 5 0 0 0 0 0 0 0 0 0
Not reported 196 32 5 0 0 24 109 0 4 0 0 0 4 17 0 0
Not available 52 0 5 6 0 5 27 0 1 0 0 4 0 3 0 0

Origin of First Mortgage

Mortgage made at time property acquired
3257 358 140 41 50 434 1852 40 62 3 0 32 12 169 25 39
Mortgage assumed at the time property
acquired
88 4 5 6 0 14 47 0 1 0 0 4 0 7 0 0
Mortgage placed later than acquisition of
property
640 78 79 6 12 48 345 4 12 0 0 14 4 29 5 4
Refinanced mortgage 584 60 75 6 12 48 320 4 8 0 0 9 4 29 5 4
Same lender 182 26 21 6 6 12 86 4 8 0 0 4 4 7 0 0
Different lender 402 34 54 0 6 36 234 0 0 0 0 5 0 22 5 4
Mortgage placed on property
owned free and clear of debt
56 18 5 0 0 0 24 0 4 0 0 5 0 0 0 0
Not available 0 0 0 0 0 0 0 0 0 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
640 78 79 6 12 48 345 4 12 0 0 14 4 29 5 4
Obtain lower interest rate 437 50 46 6 12 38 247 0 8 0 0 9 4 17 0 0
Increase payment period for mortgage 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Reduce payment period for mortgage 12 0 3 0 0 0 5 0 0 0 0 0 0 4 0 0
Renew or extend loan that had fallen
due, without increasing outstanding
balance
23 0 7 0 0 6 10 0 0 0 0 0 0 0 0 0
Receive cash or increase outstanding
balance of loan
126 13 11 0 0 5 77 4 4 0 0 5 0 9 0 0
Other reason 23 10 8 0 0 0 0 0 0 0 0 0 0 0 5 0
Not reported 19 6 4 0 0 0 5 0 0 0 0 0 0 0 0 4
Other properties 3345 362 146 47 50 448 1899 40 63 3 0 36 12 177 25 39
Not available 0 0 0 0 0 0 0 0 0 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
244 40 25 0 3 9 123 4 4 0 0 14 0 20 0 4
Less than $20,000 150 17 15 0 3 9 75 4 0 0 0 9 0 17 0 4
$20,000 to $39,999 40 14 3 0 0 0 15 0 4 0 0 0 0 4 0 0
$40,000 to $59,999 24 0 3 0 0 0 15 0 0 0 0 5 0 0 0 0
$60,000 to $79,999 9 6 4 0 0 0 0 0 0 0 0 0 0 0 0 0
$80,000 to $99,999 13 3 0 0 0 0 10 0 0 0 0 0 0 0 0 0
$100,000 to $124,999 3 0 0 0 0 0 3 0 0 0 0 0 0 0 0 0
$125,000 to $149,999 5 0 0 0 0 0 5 0 0 0 0 0 0 0 0 0
$150,000 to $174,999 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
$175,000 to $199,999 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
$200,000 to $249,999 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
$250,000 to $299,999 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
$300,000 or more 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Median 16251 24293 17215 0 10000 10000 16444 10000 30000 0 0 15896 0 12172 0 10000
Mean 25484 31251 23617 0 15000 5983 28917 9000 21000 0 0 25004 0 11654 0 15000
Properties that refinanced
and did not receive cash back
347 23 49 6 6 40 198 0 8 0 0 0 4 9 5 0
Properties that refinanced
and did not report if received
cash back
49 15 6 0 3 0 24 0 0 0 0 0 0 0 0 0
Properties that did not
refinance
3345 362 146 47 50 448 1899 40 63 3 0 36 12 177 25 39
Not available 0 0 0 0 0 0 0 0 0 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
244 40 25 0 3 9 123 4 4 0 0 14 0 20 0 4
For additions, improvements or repairs
to this property
89 20 12 0 3 0 34 0 0 0 0 14 0 7 0 0
To consolidate debts 125 19 12 0 0 5 61 4 4 0 0 9 0 8 0 4
For investment in other real estate 8 0 0 0 0 0 5 0 0 0 0 0 0 4 0 0
For other types of investments 10 0 3 0 0 0 7 0 0 0 0 0 0 0 0 0
For educational or medical expenses 17 4 4 0 0 0 9 0 0 0 0 0 0 0 0 0
To start a business 7 3 4 0 0 0 0 0 0 0 0 0 0 0 0 0
To settle a divorce 8 0 3 0 0 0 5 0 0 0 0 0 0 0 0 0
To pay taxes 3 3 0 0 0 0 0 0 0 0 0 0 0 0 0 0
To purchase an automobile, truck, or
other vehicle
19 10 0 0 0 4 5 0 0 0 0 0 0 0 0 0
To purchase consumer product other than
automobile, truck, or other vehicle
24 0 5 0 0 0 9 0 0 0 0 5 0 5 0 0
Other 5 0 0 0 0 0 5 0 0 0 0 0 0 0 0 0
Not reported 4 0 0 0 0 0 4 0 0 0 0 0 0 0 0 0
Properties that refinanced
and did not receive cash back
347 23 49 6 6 40 198 0 8 0 0 0 4 9 5 0
Properties that refinanced
and did not report if received
cash back
49 15 6 0 3 0 24 0 0 0 0 0 0 0 0 0
Properties that did not
refinance
3345 362 146 47 50 448 1899 40 63 3 0 36 12 177 25 39
Not available 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Year First Mortgage Made or
Assumed

1999 to 2001 (part)
1582 168 71 9 23 218 962 12 30 0 0 14 12 63 0 0
1997 and 1998 932 62 56 7 7 148 539 8 13 3 0 9 0 53 16 11
1995 and 1996 439 67 23 4 5 34 242 6 6 0 0 10 0 28 4 9
1990 to 1994 619 62 38 23 15 80 322 13 10 0 0 3 0 41 6 7
1985 to 1989 204 35 22 10 4 9 73 5 9 0 0 9 4 12 0 12
1980 to 1984 90 22 5 0 4 3 43 0 0 0 0 3 0 4 5 0
1979 or earlier 121 24 9 0 4 4 62 0 7 0 0 0 0 6 0 4

Traditional First Mortgage Loan

Less than $20,000
113 15 0 0 4 5 66 0 4 0 0 6 0 10 0 4
$20,000 to $29,999 170 31 22 6 0 6 79 0 4 0 0 5 0 8 6 4
$30,000 to $39,999 206 29 5 0 8 26 112 0 1 3 0 0 0 10 6 5
$40,000 to $49,999 350 32 27 10 14 22 174 18 10 0 0 14 4 20 0 3
$50,000 to $59,999 396 43 19 0 0 42 222 4 10 0 0 3 4 36 9 4
$60,000 to $79,999 793 82 57 18 6 101 445 17 14 0 0 10 0 38 0 4
$80,000 to $99,999 754 64 25 15 11 113 465 0 11 0 0 0 0 39 0 12
$100,000 to $149,999 888 102 59 0 19 153 489 5 10 0 0 7 4 27 10 3
$150,000 to $199,999 240 32 11 4 0 27 138 0 8 0 0 4 4 9 0 3
$200,000 to $249,999 14 0 0 0 0 0 11 0 0 0 0 0 0 3 0 0
$250,000 to $299,999 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
$300,000 or more 10 0 0 0 0 0 10 0 0 0 0 0 0 0 0 0
Not reported 52 11 0 0 0 0 32 0 3 0 0 0 0 5 0 0
Median 78480 76034 73444 71863 77476 88040 80313 60553 70429 35000 0 49452 100052 68139 54136 65595
Mean 84234 79751 80135 69866 75101 89428 87474 59095 76143 30000 0 62775 97657 75703 67058 69222

Traditional First Mortgage Outstanding
Debt

Less than $10,000
93 11 13 0 4 5 48 0 0 0 0 0 0 9 0 4
$10,000 to $19,999 114 19 0 0 0 4 66 0 4 0 0 11 0 4 6 0
$20,000 to $29,999 240 43 18 6 0 24 101 6 12 3 0 4 0 8 6 9
$30,000 to $39,999 317 27 18 6 22 21 168 16 6 0 0 9 4 16 5 0
$40,000 to $49,999 302 30 28 4 0 28 167 5 4 0 0 5 0 26 0 3
$50,000 to $59,999 401 45 13 12 0 64 211 9 9 0 0 5 4 22 4 4
$60,000 to $79,999 810 84 49 18 16 84 463 3 17 0 0 5 0 56 0 16
$80,000 to $99,999 644 56 23 3 4 116 406 5 8 0 0 0 0 24 0 0
$100,000 to $149,999 815 99 61 4 15 130 447 0 12 0 0 7 4 23 10 3
$150,000 to $199,999 187 15 3 0 0 20 125 0 0 0 0 4 4 12 0 3
$200,000 to $249,999 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
$250,000 to $299,999 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
$300,000 or more 10 0 0 0 0 0 10 0 0 0 0 0 0 0 0 0
Not reported 52 11 0 0 0 0 32 0 3 0 0 0 0 5 0 0
Median 72330 69246 69252 59319 65902 83054 74903 41009 60729 25000 0 42069 100052 65595 37294 61293
Mean 78102 72361 73797 60540 68767 83739 81687 49913 65423 29524 0 57431 95087 70509 60786 61838

Total Mortgage Outstanding Debt

Less than $10,000
81 11 7 0 4 5 41 0 0 0 0 0 0 9 0 4
$10,000 to $19,999 98 16 0 0 0 4 58 0 4 0 0 6 0 4 6 0
$20,000 to $29,999 248 43 24 6 0 18 104 6 12 3 0 9 0 8 6 9
$30,000 to $39,999 281 26 13 0 22 16 161 12 6 0 0 9 0 12 5 0
$40,000 to $49,999 294 24 25 10 0 22 170 5 4 0 0 5 0 26 0 3
$50,000 to $59,999 387 45 13 12 0 60 201 9 9 0 0 5 4 22 4 4
$60,000 to $79,999 772 82 54 18 16 78 431 4 12 0 0 5 4 53 0 16
$80,000 to $99,999 665 60 26 3 4 117 420 8 5 0 0 0 0 21 0 0
$100,000 to $149,999 838 107 54 4 15 140 459 0 17 0 0 7 4 30 0 3
$150,000 to $199,999 247 15 7 0 0 37 151 0 4 0 0 4 4 13 10 3
$200,000 to $249,999 3 0 0 0 0 0 3 0 0 0 0 0 0 0 0 0
$250,000 to $299,999 11 0 4 0 0 0 7 0 0 0 0 0 0 0 0 0
$300,000 or more 13 0 0 0 0 0 10 0 0 0 0 0 0 3 0 0
Not reported 46 11 0 0 0 0 27 0 3 0 0 0 0 5 0 0
Median 75027 72129 71603 59319 65902 87745 77281 48630 61030 25000 0 42069 100052 67426 37294 61293
Mean 80848 72957 79007 61296 68767 90096 83638 54210 68691 29524 0 58409 102920 74139 79093 63192

Current Interest Rate on First Mortgage

Less than 6.0 percent
171 14 0 0 6 14 95 0 8 0 0 0 4 23 0 7
6.0 percent 28 0 0 0 0 5 14 0 0 0 0 0 0 3 6 0
6.1 to 6.4 percent 84 15 5 0 0 4 24 0 4 0 0 0 0 32 0 0
6.5 to 6.9 percent 263 7 16 0 0 78 140 0 0 0 0 0 0 22 0 0
7.0 percent 364 16 0 0 0 40 293 5 0 0 0 0 0 6 0 4
7.1 to 7.4 percent 308 26 15 0 5 92 159 0 6 0 0 0 0 5 0 0
7.5 to 7.9 percent 630 25 15 0 3 113 441 7 0 0 0 0 4 21 0 0
8.0 percent 389 13 4 6 0 89 252 11 0 3 0 5 0 5 0 0
8.1 to 8.4 percent 128 16 7 0 0 6 94 0 0 0 0 0 0 5 0 0
8.5 to 8.9 percent 303 27 22 0 6 32 180 8 12 0 0 3 0 9 0 3
9.0 percent 85 5 10 0 0 0 54 12 4 0 0 0 0 0 0 0
9.1 to 9.4 percent 95 22 5 0 8 0 38 0 7 0 0 4 0 6 5 0
9.5 to 9.9 percent 186 40 15 11 4 19 74 0 3 0 0 5 0 8 5 0
10.0 percent 36 4 0 6 0 0 19 0 0 0 0 0 0 8 0 0
10.1 to 10.4 percent 89 31 8 0 4 0 22 0 9 0 0 0 4 6 4 0
10.5 to 10.9 percent 149 31 15 13 9 0 64 0 4 0 0 4 0 7 0 3
11.0 percent 20 4 0 0 0 0 11 0 0 0 0 5 0 0 0 0
11.1 to 12.9 percent 289 74 30 13 7 4 112 0 5 0 0 14 4 12 10 4
13.0 percent 3 3 0 0 0 0 0 0 0 0 0 0 0 0 0 0
13.1 percent or more 366 68 58 3 9 0 158 0 13 0 0 9 0 26 0 21
Not reported 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Median 8.0 9.9 9.9 10.6 9.9 7.6 7.9 8.1 9.3 8.0 0.0 11.1 10.1 7.8 9.9 12.9

Points Paid as Interest on First
Mortgage

With mortgage placed
3909 437 220 47 62 486 2200 44 74 3 0 46 16 202 30 42
No points 560 11 0 17 8 83 371 17 0 0 0 0 0 47 6 0
Less than 1 point 147 0 0 0 0 113 23 11 0 0 0 0 0 0 0 0
1 point 32 8 0 0 0 9 12 0 0 0 0 0 0 3 0 0
1.1 to 1.9 points 134 0 3 0 0 51 73 4 0 0 0 0 0 3 0 0
2 points 28 0 0 0 0 5 13 0 5 0 0 0 0 6 0 0
2.1 to 2.9 points 34 0 0 0 0 21 13 0 0 0 0 0 0 0 0 0
3 points 5 0 0 0 0 0 5 0 0 0 0 0 0 0 0 0
3.1 to 3.9 points 10 0 0 0 0 10 0 0 0 0 0 0 0 0 0 0
4 points 6 0 0 0 0 6 0 0 0 0 0 0 0 0 0 0
4.1 to 4.9 points 21 0 6 0 0 14 0 0 0 0 0 0 0 0 0 0
5 points 19 0 0 0 0 5 6 0 0 0 0 0 0 9 0 0
5.1 to 5.9 points 8 0 0 0 0 4 5 0 0 0 0 0 0 0 0 0
6 points or more 132 4 0 0 0 27 96 0 0 0 0 0 0 6 0 0
Not reported or don't know 2772 414 210 30 54 138 1584 12 69 3 0 46 16 130 24 42
With mortgage assumed 76 4 5 6 0 10 43 0 1 0 0 4 0 3 0 0

Type of Interest Rate Buydown

Properties with interest rate
buydown
125 9 5 0 0 10 95 0 0 0 0 0 0 5 0 0
Constant payment 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
3-2-1 buydown 3 0 0 0 0 0 3 0 0 0 0 0 0 0 0 0
Other 21 3 4 0 0 10 4 0 0 0 0 0 0 0 0 0
Not reported 100 5 1 0 0 0 88 0 0 0 0 0 0 5 0 0
Properties without interest
rate buydown
1908 48 48 23 17 268 1328 44 14 0 0 4 0 109 6 0
Not reported 1953 383 172 30 45 218 821 0 61 3 0 46 16 92 24 42

Term of First Mortgage

Less than 5 years
5 0 5 0 0 0 0 0 0 0 0 0 0 0 0 0
5 years 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
6 to 9 years 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
10 years 10 0 0 0 0 0 0 0 0 0 0 4 0 0 6 0
11 to 14 years 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
15 years 124 4 0 6 0 27 84 4 0 0 0 0 0 0 0 0
16 to 19 years 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
20 years 30 3 0 0 0 8 19 0 0 0 0 0 0 0 0 0
21 to 24 years 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
25 years 17 5 0 0 0 5 3 0 0 0 0 0 0 3 0 0
26 to 29 years 7 0 0 0 0 3 4 0 0 0 0 0 0 0 0 0
30 years 3793 429 220 47 62 452 2134 40 75 3 0 46 16 202 24 42
More than 30 years 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
No stated term 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Median 30 30 30 30 31 30 30 30 31 31 0 30 31 30 30 31

Unexpired Term of First Mortgage

Less than 5 years
67 5 9 0 4 7 26 0 3 0 0 4 0 9 0 0
5 to 9 years 164 31 6 0 0 11 100 4 4 0 0 0 0 0 6 4
10 to 14 years 120 20 5 0 4 8 67 0 0 0 0 3 0 4 5 3
15 to 19 years 304 44 30 33 10 23 117 5 11 0 0 5 4 14 0 8
20 to 24 years 639 62 37 6 9 93 361 9 8 0 0 3 0 39 6 7
25 to 29 years 2200 194 120 11 31 307 1271 26 44 3 0 29 4 126 14 20
30 or more years 492 85 18 3 4 48 303 0 5 0 0 5 9 13 0 0
No stated term or not computed 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Median 27 27 26 19 26 27 27 26 26 28 0 27 34 26 24 24

Servicer of First Mortgage

Commercial bank or trust company
594 410 0 0 0 0 167 0 6 0 0 0 0 12 0 0
Savings and loan association, federal
savings bank
339 0 220 0 0 0 97 5 0 0 0 0 0 17 0 0
Mutual savings bank 35 0 0 30 0 0 5 0 0 0 0 0 0 0 0 0
Life insurance company 53 0 0 0 53 0 0 0 0 0 0 0 0 0 0 0
Mortgage banker or mortgage company 2598 27 5 23 9 496 1965 38 15 0 0 0 0 19 0 0
Federally-sponsored secondary market
agency or pool
10 0 0 0 0 0 10 0 0 0 0 0 0 0 0 0
Conventional mortgage pool 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other federal agency 54 0 0 0 0 0 0 0 54 0 0 0 0 0 0 0
Real estate investment trust 3 0 0 0 0 0 0 0 0 3 0 0 0 0 0 0
Pension or retirement fund 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Credit union 50 0 0 0 0 0 0 0 0 0 0 50 0 0 0 0
Finance company 16 0 0 0 0 0 0 0 0 0 0 0 16 0 0 0
State or municipal government or
housing finance agency
161 3 0 0 0 0 0 0 0 0 0 0 0 157 0 0
Individual or individual's estate 30 0 0 0 0 0 0 0 0 0 0 0 0 0 30 0
Other 42 0 0 0 0 0 0 0 0 0 0 0 0 0 0 42

Holder's Acquisition of First Mortgage

Originated directly from borrower
1323 211 112 17 32 166 589 5 38 3 0 33 16 65 16 20
Purchased from present servicer 1290 96 60 4 6 263 744 13 24 0 0 13 0 44 9 12
Purchased from someone else 1373 133 53 32 24 67 911 26 13 0 0 4 0 96 5 10
Not reported 0 0 0 0 0 0 0 0 0 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
3283 349 146 47 50 444 1861 40 59 3 0 36 8 177 25 39
Less than 40 percent 53 15 7 0 0 11 9 0 0 3 0 0 0 0 0 9
40 to 49 percent 42 10 3 0 0 12 11 0 0 0 0 5 0 0 0 0
50 to 59 percent 41 6 3 0 4 0 17 0 0 0 0 3 0 0 0 7
60 to 69 percent 243 39 14 3 0 11 122 11 13 0 0 0 0 22 0 9
70 to 79 percent 159 8 10 4 6 11 89 0 7 0 0 4 0 8 5 7
80 to 89 percent 274 53 20 15 8 40 113 0 11 0 0 3 0 7 4 0
90 to 94 percent 235 16 11 0 0 31 148 5 6 0 0 5 0 11 0 3
95 to 99 percent 816 47 17 4 14 162 525 13 0 0 0 0 0 34 0 0
100 percent or more 1380 144 61 21 18 167 806 12 19 0 0 15 8 89 16 3
Not reported 40 11 0 0 0 0 21 0 3 0 0 0 0 5 0 0
Median 99 97 97 97 98 98 99 97 87 20 0 92 50050 3311 23284 64
Other properties 703 91 79 6 12 52 383 4 17 0 0 14 8 29 5 4
Not available 0 0 0 0 0 0 0 0 0 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
3283 349 146 47 50 444 1861 40 59 3 0 36 8 177 25 39
Less than 40 percent 39 15 7 0 0 0 9 0 0 0 0 0 0 0 0 9
40 to 49 percent 29 10 3 0 0 5 11 0 0 0 0 0 0 0 0 0
50 to 59 percent 33 6 3 0 4 0 9 0 0 0 0 3 0 0 0 7
60 to 69 percent 696 62 17 9 4 127 389 11 16 3 0 5 4 35 5 9
70 to 79 percent 173 13 15 4 6 5 96 0 6 0 0 4 0 7 11 7
80 to 89 percent 256 53 20 9 9 18 126 0 8 0 0 3 0 7 4 0
90 to 94 percent 245 22 16 6 0 25 120 17 12 0 0 5 0 19 0 3
95 to 99 percent 999 56 24 4 4 180 659 7 0 0 0 4 0 61 0 0
100 percent or more 771 102 41 15 23 84 421 5 14 0 0 11 4 42 6 3
Not reported 40 11 0 0 0 0 21 0 3 0 0 0 0 5 0 0
Median 96 92 92 91 98 96 96 93 88 65 0 92 70 96 77 64
Other properties 703 91 79 6 12 52 383 4 17 0 0 14 8 29 5 4
Not available 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

First Mortgage Risk

Subprime loan
152 32 3 4 4 3 78 0 0 0 0 9 0 11 9 0
Not subprime loan 3833 408 222 48 58 493 2166 44 75 3 0 41 16 195 21 42
Not reported 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Total Outstanding Debt as a Percent
of Value

Less than 20 percent
156 47 4 0 4 19 53 0 4 0 0 3 0 13 0 8
20 to 29 percent 107 12 10 0 4 7 53 6 7 3 0 0 0 0 0 5
30 to 39 percent 194 28 30 0 9 22 79 5 0 0 0 5 0 9 0 7
40 to 49 percent 283 24 37 0 12 28 153 0 5 0 0 5 0 10 5 3
50 to 59 percent 403 67 14 26 4 29 216 0 4 0 0 9 4 17 10 4
60 to 69 percent 512 64 27 3 6 40 281 9 20 0 0 21 0 32 0 9
70 to 79 percent 576 55 29 15 5 47 376 12 13 0 0 0 0 24 0 0
80 to 89 percent 661 60 29 4 0 107 393 5 9 0 0 0 4 41 5 4
90 to 99 percent 779 56 19 4 18 151 466 7 9 0 0 0 4 35 6 3
100 percent or more 253 16 23 0 0 45 135 0 0 0 0 6 4 20 5 0
Not reported or not computed 63 11 4 0 0 0 40 0 3 0 0 0 0 5 0 0
Median 75 66 66 60 55 85 77 72 68 25 0 61 90 78 81 44

MORTGAGE PAYMENTS AND OTHER EXPENSES


Method of Payment of First Mortgage

Regular payments of interest
and/or principal
3870 422 220 52 62 492 2181 44 68 3 0 50 12 195 30 39
Interest and principal 3870 422 220 52 62 492 2181 44 68 3 0 50 12 195 30 39
Fully amortized 3489 347 176 52 58 393 2050 44 63 0 0 41 8 188 30 39
Not fully amortized 381 75 44 0 4 99 130 0 4 3 0 9 4 7 0 0
Interest only 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
No regular payments required 15 3 5 0 0 4 3 0 0 0 0 0 0 0 0 0
Not reported 100 15 0 0 0 0 60 0 8 0 0 0 4 11 0 4

Items Included in First Mortgage
Payment@1

Regular monthly payments of
both interest and principal
3870 422 220 52 62 492 2181 44 68 3 0 50 12 195 30 39
Real estate taxes 2258 51 48 23 17 362 1587 38 21 0 0 0 0 111 0 0
Property insurance 2242 51 44 23 17 371 1561 44 21 0 0 0 0 111 0 0
Mortgage insurance 1572 50 31 6 14 103 1233 35 9 0 0 0 0 91 0 0
Other 967 11 11 17 12 245 604 16 6 0 0 0 0 45 0 0
No items included or not reported 1549 368 173 30 45 106 569 0 47 3 0 50 12 78 30 39
No regular payments of interest
and principal
115 18 5 0 0 4 63 0 8 0 0 0 4 11 0 4

Monthly Interest and Principal Payments
on First Mortgage

Monthly payments of interest
and/or principal
3870 422 220 52 62 492 2181 44 68 3 0 50 12 195 30 39
Less than $100 15 6 0 0 0 0 10 0 0 0 0 0 0 0 0 0
$100 to $199 108 13 5 6 10 6 58 0 0 0 0 5 0 5 0 0
$200 to $299 227 24 12 0 0 22 125 0 6 3 0 6 0 14 11 4
$300 to $399 417 34 23 6 8 57 229 12 9 0 0 5 4 30 0 0
$400 to $499 485 31 27 4 9 44 273 9 10 0 0 5 0 64 9 0
$500 to $599 652 74 25 6 6 97 394 13 12 0 0 0 0 14 0 13
$600 to $699 491 54 15 6 5 61 311 5 6 0 0 14 0 14 0 0
$700 to $799 312 38 12 15 0 90 141 0 6 0 0 0 0 11 0 0
$800 to $899 358 47 31 0 11 52 197 5 8 0 0 0 0 8 0 0
$900 to $999 200 20 11 6 6 29 111 0 3 0 0 7 0 0 5 0
$1,000 to $1,249 331 31 34 0 0 25 186 0 8 0 0 4 4 20 5 15
$1,250 to $1,499 142 21 13 0 4 10 84 0 0 0 0 0 0 8 0 3
$1,500 or more 132 30 13 4 4 0 63 0 0 0 0 4 4 7 0 4
Median 606 654 725 687 587 633 600 505 574 250 0 623 1117 476 441 1047
Mean 726 734 786 670 692 645 754 504 631 206 0 645 1060 618 587 1010
No regular payments required 15 3 5 0 0 4 3 0 0 0 0 0 0 0 0 0
Not reported 100 15 0 0 0 0 60 0 8 0 0 0 4 11 0 4

Current First Mortgage Payment Status

Regular monthly payments of
principal and/or interest
3971 437 220 52 62 492 2241 44 75 3 0 50 16 206 30 42
Up-to-date, ahead of schedule, or
less than 90 days past due
2211 62 38 23 17 358 1544 39 15 0 0 4 0 106 6 0
Delinquent by 90 days or more 94 0 15 0 0 18 44 5 6 0 0 0 0 6 0 0
Legal proceedings have begun 21 0 15 0 0 0 6 0 0 0 0 0 0 0 0 0
Legal proceedings have not begun 73 0 0 0 0 18 39 5 6 0 0 0 0 6 0 0
Not reported 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Not reported 1666 375 168 30 45 116 653 0 54 3 0 46 16 94 24 42
Other properties 15 3 5 0 0 4 3 0 0 0 0 0 0 0 0 0

Interest and Principal Payments on
Traditional First Mortgages as Percent
of Income

Monthly payments of interest
and/or principal
3870 422 220 52 62 492 2181 44 68 3 0 50 12 195 30 39
Less than 5 percent 109 29 0 0 6 11 49 0 0 0 0 5 0 5 0 4
5 to 9 percent 640 56 48 0 17 80 340 18 4 3 0 8 4 49 11 0
10 to 14 percent 1006 105 44 6 9 116 632 17 12 0 0 7 0 50 4 4
15 to 19 percent 776 75 46 19 11 122 452 4 8 0 0 9 0 31 0 0
20 to 24 percent 414 31 24 12 14 59 211 5 10 0 0 14 4 18 0 14
25 to 29 percent 227 22 12 0 4 25 124 0 20 0 0 0 0 20 0 0
30 to 34 percent 132 24 5 6 0 26 57 0 6 0 0 0 4 0 0 3
35 to 39 percent 80 5 8 0 0 0 64 0 3 0 0 0 0 0 0 0
40 to 49 percent 99 24 9 0 0 8 55 0 1 0 0 0 0 1 0 0
50 percent or more 126 26 6 0 0 7 67 0 0 0 0 6 0 6 0 9
Not reported or not computed 263 26 20 10 0 39 129 0 4 0 0 0 0 15 15 5
Median 15 16 16 19 14 16 15 11 24 8 0 17 22 14 8 23
No regular payments required 115 18 5 0 0 4 63 0 8 0 0 0 4 11 0 4

Real Estate Tax Per $1,000 Value

Acquired before 2000
3215 332 205 49 58 378 1785 32 58 3 0 50 12 181 30 42
Less than $5 906 91 41 25 0 132 497 21 26 0 0 4 0 51 10 9
$5 to $9 805 107 26 10 24 83 465 6 18 0 0 19 8 22 11 7
$10 to $14 631 49 65 0 11 73 361 0 6 0 0 9 0 37 9 11
$15 to $19 345 35 29 11 10 43 150 5 4 3 0 14 0 34 0 7
$20 to $24 230 17 30 3 9 21 121 0 0 0 0 3 0 20 0 5
$25 to $29 72 3 5 0 0 9 52 0 0 0 0 0 0 3 0 0
$30 to $39 197 26 10 0 4 17 124 0 1 0 0 0 4 8 0 3
$40 to $49 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
$50 to $59 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
$60 or more 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Not reported or not computed 28 4 0 0 0 0 16 0 3 0 0 0 0 5 0 0
Median 9 8 13 5 12 8 9 4 5 18 0 11 9 12 7 12
Acquired 2000 and 2001 (part) 771 108 20 3 4 118 458 12 17 0 0 0 4 25 0 0

Source: U.S. Census Bureau | Residential Finance Survey |  Last Revised: 2012-08-02T15:15:13.203-04:00