U.S. Department of Commerce

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Residential Finance Survey: 2001 - United States
Table 2-7. Other Insured 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
6081 760 505 78 92 747 2769 76 367 4 4 144 74 289 93 80

PROPERTY CHARACTERISTICS


Property Location by Geographic Area

Inside MAs
5057 660 378 70 88 657 2337 60 219 4 4 120 63 255 68 73
In central cities 1556 260 101 29 21 186 724 26 33 0 0 36 21 86 21 11
Not in central cities 3501 400 277 41 67 471 1613 34 186 4 4 84 42 169 46 63
Outside MAs 1024 99 127 7 4 90 432 16 148 0 0 24 11 34 26 7

Year Structure Built

1999 to March 2000
398 63 49 3 13 54 143 5 28 0 0 7 4 11 13 4
1997 and 1998 413 44 34 13 0 57 217 3 12 0 0 0 3 15 13 0
1995 and 1996 343 25 30 11 3 59 180 4 4 0 0 0 8 3 11 5
1990 to 1994 631 56 46 11 7 99 278 0 60 0 0 10 9 38 7 9
1980 to 1989 1038 123 60 5 15 131 451 34 111 0 0 42 5 45 5 11
1970 to 1979 1049 149 94 0 28 124 463 14 87 4 0 11 11 48 8 9
1960 to 1969 575 75 59 11 8 58 248 5 27 0 0 14 18 17 10 25
1950 to 1959 690 65 78 20 3 88 321 7 12 0 4 31 8 38 6 8
1940 to 1949 253 33 7 0 0 26 135 3 9 0 0 7 5 24 0 4
1939 or earlier 691 127 48 4 13 50 333 0 17 0 0 20 4 49 20 6

Purchase Price

Properties acquired by
purchase 1997 to 2001 (part)
2862 365 232 37 33 337 1433 56 84 0 4 39 24 140 48 29
Less than $20,000 33 12 5 0 0 0 13 0 0 0 0 0 0 4 0 0
$20,000 to $39,999 111 4 14 0 0 6 59 5 8 0 0 0 4 5 5 0
$40,000 to $59,999 180 31 17 0 4 0 93 0 8 0 0 0 4 22 0 0
$60,000 to $79,999 309 42 8 0 0 28 177 10 21 0 0 5 0 7 11 0
$80,000 to $99,999 362 37 36 15 8 35 173 3 5 0 0 15 0 25 4 5
$100,000 to $124,999 333 36 22 3 0 39 205 4 13 0 0 0 0 5 4 3
$125,000 to $149,999 424 31 30 0 5 55 249 3 5 0 4 3 0 34 3 0
$150,000 to $174,999 306 51 29 0 0 33 169 0 0 0 0 0 9 5 5 4
$175,000 to $199,999 171 8 17 0 5 46 51 15 15 0 0 4 0 0 5 5
$200,000 to $249,999 208 27 19 4 3 30 97 0 9 0 0 3 0 7 0 8
$250,000 to $299,999 164 21 17 11 0 29 54 5 0 0 0 10 0 13 0 4
$300,000 to $499,999 210 58 13 4 7 28 71 11 0 0 0 0 3 5 10 0
$500,000 or more 52 7 4 0 0 8 21 0 0 0 0 0 4 7 0 0
Median 131070 141759 137093 123537 145496 154556 124574 179123 96406 0 137500 126948 161704 125740 124291 186900
Mean 157603 178288 161451 179677 166565 178890 145883 174861 111363 0 140000 149700 267938 158592 160498 174535
Other properties 3219 394 272 40 59 410 1336 20 282 4 0 104 51 149 46 51

Value

Less than $20,000
40 0 3 0 0 0 21 0 10 0 0 0 6 0 0 0
$20,000 to $39,999 182 26 14 0 0 13 72 0 32 0 0 12 0 10 3 0
$40,000 to $59,999 446 64 23 5 4 23 174 5 86 0 0 7 6 32 10 6
$60,000 to $79,999 580 63 23 3 4 55 275 9 68 4 0 27 0 30 11 7
$80,000 to $99,999 737 77 61 11 22 83 373 5 32 0 0 14 4 48 0 5
$100,000 to $124,999 708 83 51 14 10 72 347 7 42 0 0 24 18 21 12 8
$125,000 to $149,999 763 68 69 5 17 101 389 10 23 0 0 9 4 45 14 8
$150,000 to $174,999 519 54 41 4 4 69 283 0 8 0 4 7 7 24 11 3
$175,000 to $199,999 382 37 19 7 5 61 189 13 10 0 0 7 5 20 5 4
$200,000 to $249,999 554 89 61 4 10 90 230 5 23 0 0 11 4 12 3 12
$250,000 to $299,999 292 39 34 0 0 44 109 5 17 0 0 10 10 12 3 9
$300,000 to $499,999 595 103 74 19 3 89 226 11 5 0 0 14 5 27 12 8
$500,000 or more 283 58 31 5 11 48 80 5 9 0 0 4 7 7 9 9
Median 136410 149582 154718 150464 131536 160078 132861 177367 76118 70000 162500 113471 153221 126463 143569 187043
Mean 178700 208728 219208 213266 202194 203365 162451 225704 119968 72000 160000 152751 198377 159419 201443 211534

Value of Capital Improvements

Properties with capital
improvements between 1998
and 2000
3247 378 238 21 44 403 1557 49 166 4 4 100 41 152 46 45
Less than $500 73 6 4 0 0 11 44 0 4 0 0 0 0 4 0 0
$500 to $999 102 13 16 0 0 9 49 0 0 0 0 7 0 8 0 0
$1,000 to $2,499 630 42 41 0 0 81 324 11 56 0 0 19 18 20 9 7
$2,500 to $4,999 519 52 12 0 14 39 260 9 58 4 0 14 0 45 6 7
$5,000 to $7,499 561 78 41 5 10 72 255 13 4 0 0 24 14 27 6 11
$7,500 to $9,999 195 18 17 0 0 36 102 0 6 0 0 4 5 3 5 0
$10,000 to $14,999 440 52 39 7 7 60 198 5 19 0 0 10 3 23 7 10
$15,000 to $19,999 237 41 30 0 7 31 93 0 8 0 0 6 0 5 10 5
$20,000 to $29,999 280 26 29 9 5 23 145 7 7 0 4 8 0 7 4 5
$30,000 or more 210 50 10 0 0 40 88 3 4 0 0 7 0 9 0 0
Median 6334 7426 8300 13766 6884 7107 5993 5849 3473 3750 25000 5977 5414 4936 8892 6962
Mean 10857 19249 11469 15349 9108 11325 9563 12661 5781 3000 20000 9789 4482 9435 9265 8365
Properties with no capital
improvements between 1998 and 2000
2237 303 228 43 40 251 942 27 162 0 0 36 30 113 30 32
Capital improvements not
reported
597 78 39 13 8 93 270 0 39 0 0 7 4 25 17 3

Age Restrictions

Property located in subdivision
restricted to people age 55 or older
333 53 27 4 9 36 170 6 15 0 0 0 0 7 7 0
Property located in subdivision not
restricted to people age 55 or older
5509 667 450 70 83 687 2486 70 335 4 4 144 67 277 83 80
Not reported 240 40 28 3 0 24 114 0 16 0 0 0 7 4 3 0

Neighborhood Composition

Property located in subdivision or
neighborhood occupied predominantly by
people age 55 or older
309 20 34 0 7 39 135 0 17 0 4 22 0 24 3 3
Property located in subdivision or
neighborhood not occupied predominantly
by people age 55 or older
4136 507 310 49 62 508 1874 43 280 0 0 103 60 216 63 62
Don't know or not reported 1636 233 161 29 23 200 760 33 69 4 0 19 15 49 28 15

OWNER CHARACTERISTICS


Age of Owner

Under 25
79 0 5 0 0 7 60 0 0 0 0 0 0 7 0 0
25 to 34 1092 89 92 4 31 123 582 22 36 0 0 41 4 41 11 15
35 to 44 1844 258 145 38 24 221 799 36 99 0 0 32 30 116 35 12
45 to 54 1653 219 140 24 5 190 746 9 125 0 0 32 20 79 31 34
55 to 64 721 102 73 3 17 109 300 9 47 0 4 27 5 13 0 11
65 to 74 276 29 15 5 4 38 116 0 31 4 0 8 12 7 4 4
75 and over 113 22 13 0 4 17 44 0 9 0 0 4 0 0 0 0
Not reported 303 40 22 3 5 42 123 0 21 0 0 0 3 25 13 4
Median 44 46 45 44 40 45 44 39 48 70 60 45 46 42 43 48

Race of Owner

White alone
5220 688 406 65 87 615 2429 57 303 4 0 116 53 247 82 68
Black or African American alone 514 56 47 3 5 68 203 11 54 0 4 12 21 23 3 3
American Indian or Alaska Native alone 23 0 5 0 0 6 7 0 0 0 0 5 0 0 0 0
Asian alone 246 11 46 9 0 41 86 5 10 0 0 11 0 10 8 9
Native Hawaiian or Other Pacific
Islander alone
17 5 0 0 0 9 3 0 0 0 0 0 0 0 0 0
Two or more races 61 0 0 0 0 8 40 3 0 0 0 0 0 8 0 0

Sex of Owner

Male/Male and female co-owners
5038 637 444 68 68 628 2350 64 242 4 0 99 65 234 70 66
Female 1043 122 61 10 24 120 419 12 124 0 4 45 9 55 23 14

Hispanic/Latino Origin

Hispanic/Latino owner(s) only
479 59 27 12 12 56 237 4 34 0 0 12 4 15 0 9
No Hispanic/Latino owner(s) 5601 701 477 66 80 691 2532 72 333 4 4 132 71 274 93 71

Veteran Status@1

Veteran
1027 139 95 10 21 134 480 9 40 4 0 11 19 29 12 23
Active member of Reserves or National
Guard for at least 6 years
188 39 4 4 11 19 83 0 4 4 0 0 5 8 5 3
Persian Gulf War or after
(August 1990 to present)
97 4 10 0 0 10 66 0 0 0 0 3 0 3 0 0
Vietnam or after
(August 1964 to July 1990)
597 65 58 3 9 98 252 5 36 0 0 3 14 21 12 19
Korean conflict or after
(July 1950 to July 1964)
193 27 20 0 4 15 100 4 0 0 0 4 13 0 0 6
World War II or after
(September 1940 to June 1950)
74 13 13 3 0 14 31 0 0 0 0 0 0 0 0 0
Nonveteran 4704 577 390 63 71 562 2134 61 296 0 4 126 48 241 73 57
Not reported 351 43 19 4 0 51 155 6 31 0 0 7 7 19 8 0

Income

Less than $5,000
468 84 27 9 5 42 183 5 36 0 0 14 5 34 18 6
$5,000 to $9,999 58 11 5 0 0 9 13 0 20 0 0 0 0 0 0 0
$10,000 to $14,999 73 7 0 0 0 9 26 0 26 0 0 0 6 0 0 0
$15,000 to $19,999 149 18 10 5 5 20 48 0 38 0 0 4 0 0 0 0
$20,000 to $24,999 199 11 31 3 4 20 63 0 34 0 4 0 4 20 3 0
$25,000 to $29,999 315 40 23 0 5 20 143 0 52 4 0 0 4 11 3 10
$30,000 to $34,999 282 25 22 0 0 42 133 0 9 0 0 20 5 21 3 4
$35,000 to $39,999 274 29 29 4 4 15 130 4 23 0 0 4 0 20 3 9
$40,000 to $49,999 663 75 60 12 1 70 322 10 29 0 0 29 18 22 12 3
$50,000 to $59,999 616 45 39 12 16 75 295 21 29 0 0 26 10 33 5 9
$60,000 to $79,999 1071 126 65 8 25 124 579 7 34 0 0 16 9 61 3 15
$80,000 to $99,999 688 100 72 13 9 86 344 5 10 0 0 4 4 7 26 8
$100,000 to $119,999 423 67 29 12 13 85 150 3 19 0 0 12 0 29 4 0
$120,000 or more 803 123 93 0 4 130 341 21 7 0 0 15 10 30 13 17
Median 59094 65575 62217 54946 63215 68387 60987 59317 27788 27500 22500 50285 47986 54928 57812 59328
Mean 74568 90430 82412 56938 63293 89990 71796 87357 39697 25921 20000 63171 77294 65277 67305 69260

Owned Home Previously

Previously owned home
3282 431 257 44 36 468 1504 63 138 4 0 74 45 111 79 28
Never owned home before 2552 303 232 30 56 252 1132 13 206 0 4 70 29 165 6 52
Not reported 247 26 15 3 0 27 133 0 22 0 0 0 0 13 8 0

MORTGAGE CHARACTERISTICS


Number of Mortgages

1 mortgage
4653 562 387 62 83 538 2110 65 316 4 0 115 55 222 86 46
2 mortgages 1298 170 104 12 8 180 619 11 45 0 0 29 19 60 7 34
3 or more mortgages 131 28 14 3 0 29 40 0 6 0 4 0 0 7 0 0

Form of Debt of First Mortgage

Mortgage or deed of trust
6081 760 505 78 92 747 2769 76 367 4 4 144 74 289 93 80
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
5182 596 378 69 64 699 2376 58 352 4 0 123 60 264 81 60
Short-term with balloon payment mortgage 194 29 25 5 5 9 96 5 5 0 0 0 0 0 7 9
Reverse mortgage 7 0 0 0 0 0 7 0 0 0 0 0 0 0 0 0
Adjustable rate mortgage (ARM) 639 115 98 3 23 40 268 12 5 0 4 21 14 18 6 11
Other 58 20 4 0 0 0 22 0 5 0 0 0 0 7 0 0

Method of Loan Application

By computer over the Internet or
by e-mail
63 12 8 0 0 9 27 4 0 0 0 0 4 0 0 0
By telephone or FAX 569 90 44 0 0 120 235 9 13 0 0 7 7 28 12 4
By regular mail 134 18 4 0 4 3 57 5 15 0 0 7 5 11 0 5
By personal visit 3712 416 294 60 70 441 1740 42 221 0 4 98 40 199 57 29
Through third party (such as real
estate agent or builder)
1215 174 114 14 13 152 507 17 103 0 0 24 8 41 21 26
Some other way 14 5 3 0 0 0 5 0 0 0 0 0 0 0 0 0
Not reported 298 30 31 3 0 18 165 0 10 0 0 8 9 5 3 16
Not available 76 14 8 0 5 4 34 0 4 4 0 0 0 4 0 0

Origin of First Mortgage

Mortgage made at time property acquired
4744 558 401 66 49 522 2232 57 336 0 4 89 48 241 79 64
Mortgage assumed at the time property
acquired
110 14 13 0 5 7 54 0 9 4 0 0 0 4 0 0
Mortgage placed later than acquisition of
property
1227 188 91 12 38 218 483 19 22 0 0 54 27 44 15 17
Refinanced mortgage 1136 183 79 12 31 214 445 19 22 0 0 54 21 28 12 17
Same lender 268 46 30 3 9 59 99 0 9 0 0 4 7 0 0 0
Different lender 868 137 49 9 21 155 346 19 12 0 0 51 14 28 12 17
Mortgage placed on property
owned free and clear of debt
91 5 12 0 7 5 38 0 0 0 0 0 6 16 3 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
1227 188 91 12 38 218 483 19 22 0 0 54 27 44 15 17
Obtain lower interest rate 768 102 48 9 34 161 326 19 9 0 0 35 8 6 3 9
Increase payment period for mortgage 24 3 11 0 0 0 4 0 0 0 0 0 0 6 0 0
Reduce payment period for mortgage 18 0 0 0 0 6 12 0 0 0 0 0 0 0 0 0
Renew or extend loan that had fallen
due, without increasing outstanding
balance
30 9 0 0 0 14 3 0 3 0 0 0 0 0 0 0
Receive cash or increase outstanding
balance of loan
320 54 32 0 3 35 110 0 6 0 0 14 14 33 11 8
Other reason 17 11 0 0 0 0 6 0 0 0 0 0 0 0 0 0
Not reported 51 9 0 3 0 4 21 0 4 0 0 5 5 0 0 0
Other properties 4854 571 414 66 54 529 2286 57 345 4 4 89 48 245 79 64
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
510 88 46 0 9 92 171 5 12 0 0 18 14 30 11 13
Less than $20,000 265 42 18 0 5 41 103 5 12 0 0 10 0 16 3 9
$20,000 to $39,999 115 19 3 0 0 36 29 0 0 0 0 0 9 9 5 3
$40,000 to $59,999 62 16 18 0 0 5 14 0 0 0 0 4 5 0 0 0
$60,000 to $79,999 30 5 0 0 3 6 8 0 0 0 0 0 0 5 3 0
$80,000 to $99,999 11 0 4 0 0 0 3 0 0 0 0 4 0 0 0 0
$100,000 to $124,999 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
$125,000 to $149,999 5 0 0 0 0 5 0 0 0 0 0 0 0 0 0 0
$150,000 to $174,999 10 0 0 0 0 0 10 0 0 0 0 0 0 0 0 0
$175,000 to $199,999 3 3 0 0 0 0 0 0 0 0 0 0 0 0 0 0
$200,000 to $249,999 7 3 0 0 0 0 4 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 3 0 3 0 0 0 0 0 0 0 0 0 0 0 0 0
Median 19226 22148 42115 0 16329 22833 16567 10000 10000 0 0 17320 35477 19254 31330 13562
Mean 35780 34586 99895 0 25705 28003 29821 10000 4068 0 0 37475 36575 27532 35145 15272
Properties that refinanced
and did not receive cash back
599 85 45 7 29 113 242 9 3 0 0 36 12 10 3 4
Properties that refinanced
and did not report if received
cash back
118 15 0 5 0 13 70 5 6 0 0 0 0 4 0 0
Properties that did not
refinance
4854 571 414 66 54 529 2286 57 345 4 4 89 48 245 79 64
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
510 88 46 0 9 92 171 5 12 0 0 18 14 30 11 13
For additions, improvements or repairs
to this property
250 69 16 0 9 28 94 0 4 0 0 9 9 8 0 5
To consolidate debts 222 35 9 0 3 45 79 5 0 0 0 12 11 4 11 8
For investment in other real estate 36 0 13 0 0 6 12 0 0 0 0 0 0 5 0 0
For other types of investments 42 3 8 0 0 3 16 0 5 0 0 0 0 6 0 0
For educational or medical expenses 62 0 6 0 0 32 19 0 0 0 0 0 5 0 0 0
To start a business 8 0 0 0 0 5 3 0 0 0 0 0 0 0 0 0
To settle a divorce 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
To pay taxes 8 0 0 0 0 5 3 0 0 0 0 0 0 0 0 0
To purchase an automobile, truck, or
other vehicle
61 5 3 0 0 28 11 0 4 0 0 6 5 0 0 0
To purchase consumer product other than
automobile, truck, or other vehicle
12 0 0 0 0 5 4 0 0 0 0 0 0 4 0 0
Other 17 0 0 0 0 6 0 0 0 0 0 0 0 12 0 0
Not reported 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Properties that refinanced
and did not receive cash back
599 85 45 7 29 113 242 9 3 0 0 36 12 10 3 4
Properties that refinanced
and did not report if received
cash back
118 15 0 5 0 13 70 5 6 0 0 0 0 4 0 0
Properties that did not
refinance
4854 571 414 66 54 529 2286 57 345 4 4 89 48 245 79 64
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)
2445 300 201 36 42 370 1162 35 75 0 0 47 35 68 33 40
1997 and 1998 1425 159 103 18 18 171 696 37 63 0 4 31 3 92 18 12
1995 and 1996 677 105 50 7 5 96 263 4 46 0 0 14 12 46 18 11
1990 to 1994 824 103 62 7 13 87 345 0 77 0 0 25 9 64 21 9
1985 to 1989 396 42 47 5 8 9 177 0 63 0 0 23 9 12 0 0
1980 to 1984 118 27 3 5 0 0 40 0 31 0 0 4 0 4 3 0
1979 or earlier 197 22 38 0 5 13 85 0 11 4 0 0 6 4 0 9

Traditional First Mortgage Loan

Less than $20,000
182 16 20 0 0 5 55 0 30 0 0 6 17 20 3 9
$20,000 to $29,999 256 23 17 0 4 18 114 0 44 0 0 12 0 15 5 5
$30,000 to $39,999 352 70 8 5 0 19 150 5 56 0 0 9 8 15 0 6
$40,000 to $49,999 404 58 35 3 14 17 166 0 58 4 0 15 6 20 6 4
$50,000 to $59,999 447 55 46 0 5 40 192 4 35 0 0 19 5 39 3 5
$60,000 to $79,999 773 107 48 3 10 74 397 16 31 0 0 10 0 54 15 9
$80,000 to $99,999 728 58 54 22 21 116 334 9 50 0 0 27 9 19 7 3
$100,000 to $149,999 1517 170 130 16 17 197 809 7 30 0 4 22 0 71 28 15
$150,000 to $199,999 586 64 43 9 9 130 268 15 16 0 0 11 18 1 0 4
$200,000 to $249,999 343 50 38 11 0 64 118 0 8 0 0 13 0 12 9 20
$250,000 to $299,999 192 39 16 9 3 34 56 12 5 0 0 0 5 12 0 0
$300,000 or more 227 33 36 0 4 30 84 9 4 0 0 0 7 12 9 0
Not reported 75 18 14 0 5 4 25 0 0 0 0 0 0 0 9 0
Median 96195 94792 106492 117352 90361 121109 97833 132251 49230 45000 125000 80091 83492 73559 105817 93924
Mean 116293 123465 139808 135419 103288 135917 112170 155909 69350 43000 140000 90314 116653 104784 134848 108102

Traditional First Mortgage Outstanding
Debt

Less than $10,000
179 25 19 0 0 13 75 0 19 0 0 0 13 4 3 9
$10,000 to $19,999 235 39 15 0 5 5 51 0 61 4 0 16 4 25 5 5
$20,000 to $29,999 316 28 20 0 4 25 171 0 29 0 0 12 4 18 0 6
$30,000 to $39,999 398 60 31 8 4 21 164 5 73 0 0 15 5 6 6 0
$40,000 to $49,999 424 54 31 0 12 46 149 4 47 0 0 23 10 45 0 4
$50,000 to $59,999 318 41 24 0 0 38 163 0 9 0 0 14 0 16 3 9
$60,000 to $79,999 890 114 46 10 10 99 461 16 38 0 0 8 0 56 23 8
$80,000 to $99,999 759 66 72 28 26 106 337 9 42 0 0 18 9 40 3 3
$100,000 to $149,999 1277 150 100 8 14 164 712 7 21 0 4 14 4 41 24 12
$150,000 to $199,999 592 67 57 4 4 124 253 15 15 0 0 11 14 13 4 12
$200,000 to $249,999 274 40 32 11 3 60 94 0 4 0 0 13 0 0 5 12
$250,000 to $299,999 158 28 10 9 0 16 57 12 5 0 0 0 8 12 0 0
$300,000 or more 191 30 33 0 4 30 58 9 4 0 0 0 4 12 9 0
Not reported 71 18 14 0 5 0 25 0 0 0 0 0 0 0 9 0
Median 86441 83003 96288 94964 85351 106309 88218 132251 40324 15000 125000 54600 83492 70856 98977 77555
Mean 107290 112722 129066 126393 96039 124441 104318 150965 59320 18956 124740 80480 106653 97716 127507 102367

Total Mortgage Outstanding Debt

Less than $10,000
160 18 19 0 0 9 75 0 19 0 0 0 9 4 3 4
$10,000 to $19,999 221 39 12 0 5 9 43 0 61 4 0 16 4 25 5 0
$20,000 to $29,999 302 27 20 0 4 22 168 0 22 0 0 12 4 18 0 6
$30,000 to $39,999 368 53 35 8 4 21 146 5 74 0 0 11 0 6 6 0
$40,000 to $49,999 394 57 21 0 8 43 144 4 47 0 0 19 14 34 0 4
$50,000 to $59,999 304 41 21 0 0 28 160 0 9 0 0 14 0 16 3 11
$60,000 to $79,999 825 84 52 7 15 104 407 10 40 0 0 8 5 60 23 12
$80,000 to $99,999 795 77 68 31 22 95 362 15 42 0 0 21 5 44 3 9
$100,000 to $149,999 1306 163 98 8 14 158 727 7 25 0 4 19 7 45 24 7
$150,000 to $199,999 669 79 67 4 7 138 291 15 15 0 0 11 14 13 4 12
$200,000 to $249,999 296 48 30 11 3 67 98 0 4 0 0 13 0 0 5 17
$250,000 to $299,999 151 25 15 9 0 19 48 12 5 0 0 0 8 9 0 0
$300,000 or more 217 33 33 0 4 33 74 9 4 0 0 0 4 15 9 0
Not reported 71 18 14 0 5 0 25 0 0 0 0 0 0 0 9 0
Median 90812 93836 99514 95521 86198 113344 92629 132251 41573 15000 125000 60402 85682 73754 98977 89932
Mean 110467 115505 135378 127486 93869 129722 107034 152504 60374 18956 146019 84302 112562 99894 114732 117230

Current Interest Rate on First Mortgage

Less than 6.0 percent
1903 359 239 23 59 45 828 0 55 0 0 47 42 129 24 53
6.0 percent 18 0 0 0 0 0 5 0 0 0 0 0 0 8 5 0
6.1 to 6.4 percent 103 6 13 0 0 23 27 0 6 0 0 13 3 12 0 0
6.5 to 6.9 percent 546 23 32 12 0 144 258 11 23 0 0 26 0 16 0 0
7.0 percent 532 60 13 3 5 76 273 6 27 0 4 17 0 36 10 0
7.1 to 7.4 percent 555 19 35 9 0 118 324 17 13 0 0 4 0 15 0 0
7.5 to 7.9 percent 600 37 48 3 0 122 309 12 20 0 0 15 4 20 10 0
8.0 percent 159 4 4 0 0 25 95 0 11 0 0 9 0 3 4 4
8.1 to 8.4 percent 283 9 12 4 0 58 156 4 24 0 0 0 0 17 0 0
8.5 to 8.9 percent 218 11 16 4 0 35 106 5 36 4 0 0 0 0 0 0
9.0 percent 90 9 0 0 4 21 21 0 32 0 0 0 0 0 3 0
9.1 to 9.4 percent 26 7 0 0 0 15 4 0 0 0 0 0 0 0 0 0
9.5 to 9.9 percent 110 4 3 0 0 15 31 14 34 0 0 0 0 0 4 6
10.0 percent 38 3 5 0 0 6 9 0 11 0 0 0 0 0 4 0
10.1 to 10.4 percent 35 0 4 0 0 5 26 0 0 0 0 0 0 0 0 0
10.5 to 10.9 percent 41 17 0 0 0 0 5 0 19 0 0 0 0 0 0 0
11.0 percent 69 9 8 3 0 8 32 5 3 0 0 0 0 0 0 0
11.1 to 12.9 percent 23 0 0 0 0 4 3 0 11 0 0 0 0 0 5 0
13.0 percent 17 5 9 0 0 0 0 0 4 0 0 0 0 0 0 0
13.1 percent or more 716 178 63 16 24 29 257 0 37 0 0 13 25 33 25 17
Not reported 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Median 7.1 6.8 6.5 7.1 4.7 7.4 7.1 7.6 8.6 8.8 7.0 6.7 5.3 6.3 7.9 4.5

Points Paid as Interest on First
Mortgage

With mortgage placed
5991 746 492 78 87 743 2731 76 357 0 4 144 74 285 93 80
No points 1214 65 51 18 0 288 368 33 245 0 0 55 9 54 26 0
Less than 1 point 105 0 8 0 0 75 14 0 5 0 0 4 0 0 0 0
1 point 75 5 16 0 0 11 34 6 0 0 0 0 0 3 0 0
1.1 to 1.9 points 110 3 8 0 0 55 44 0 0 0 0 0 0 0 0 0
2 points 38 7 0 9 0 0 16 0 0 0 0 0 0 7 0 0
2.1 to 2.9 points 56 0 4 0 0 33 12 0 0 0 0 4 0 3 0 0
3 points 10 0 0 0 0 7 3 0 0 0 0 0 0 0 0 0
3.1 to 3.9 points 26 0 0 0 0 26 0 0 0 0 0 0 0 0 0 0
4 points 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
4.1 to 4.9 points 7 0 0 0 0 7 0 0 0 0 0 0 0 0 0 0
5 points 21 0 5 0 0 5 4 0 0 0 0 4 0 4 0 0
5.1 to 5.9 points 17 0 0 0 0 17 0 0 0 0 0 0 0 0 0 0
6 points or more 95 3 4 0 0 46 30 0 0 0 0 6 0 7 0 0
Not reported or don't know 4215 662 395 51 87 174 2207 36 107 0 4 72 65 207 68 80
With mortgage assumed 90 14 13 0 5 4 38 0 9 4 0 0 0 4 0 0

Type of Interest Rate Buydown

Properties with interest rate
buydown
68 0 5 0 0 0 60 0 0 0 0 4 0 0 0 0
Constant payment 11 0 0 0 0 0 7 0 0 0 0 4 0 0 0 0
3-2-1 buydown 5 0 5 0 0 0 0 0 0 0 0 0 0 0 0 0
Other 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Not reported 53 0 0 0 0 0 53 0 0 0 0 0 0 0 0 0
Properties without interest
rate buydown
2669 156 150 21 4 549 1230 65 265 4 0 68 9 110 30 9
Not reported 3344 604 350 56 88 199 1479 11 102 0 4 72 65 179 64 71

Term of First Mortgage

Less than 5 years
4 4 0 0 0 0 0 0 0 0 0 0 0 0 0 0
5 years 13 0 0 0 0 0 0 5 0 0 0 0 4 0 4 0
6 to 9 years 4 0 0 0 0 0 4 0 0 0 0 0 0 0 0 0
10 years 39 4 4 0 0 3 10 0 4 0 0 4 0 0 5 6
11 to 14 years 7 0 0 3 0 0 3 0 0 0 0 0 0 0 0 0
15 years 270 11 4 3 0 100 108 5 0 0 0 25 9 0 4 0
16 to 19 years 14 4 4 0 0 0 0 0 6 0 0 0 0 0 0 0
20 years 122 12 5 0 0 37 37 9 6 0 0 15 0 0 0 0
21 to 24 years 10 4 0 0 0 0 0 0 6 0 0 0 0 0 0 0
25 years 31 10 0 0 0 4 12 0 5 0 0 0 0 0 0 0
26 to 29 years 7 4 0 0 0 0 4 0 0 0 0 0 0 0 0 0
30 years 2445 103 160 20 4 497 1411 52 33 4 0 30 0 110 18 4
More than 30 years 214 0 0 0 0 5 3 0 205 0 0 0 0 0 0 0
No stated term 2902 606 327 51 88 101 1176 4 102 0 4 69 62 179 63 71
Median 30 30 30 30 31 30 30 30 55 31 0 21 15 31 30 11

Unexpired Term of First Mortgage

Less than 5 years
44 11 0 0 0 13 7 5 0 0 0 0 4 0 4 0
5 to 9 years 105 8 4 0 0 28 26 0 14 4 0 12 0 0 5 6
10 to 14 years 214 7 0 7 0 65 79 0 27 0 0 18 3 0 7 0
15 to 19 years 245 18 18 0 0 44 88 11 40 0 0 13 6 8 0 0
20 to 24 years 468 34 16 4 4 87 172 7 88 0 0 6 0 40 7 4
25 to 29 years 1685 62 120 17 0 291 1037 34 44 0 0 21 0 56 3 0
30 or more years 418 14 20 0 0 118 183 14 52 0 0 6 0 6 5 0
No stated term or not computed 2902 606 327 51 88 101 1176 4 102 0 4 69 62 179 63 71
Median 27 25 27 26 23 26 27 27 23 8 0 18 14 26 15 9

Servicer of First Mortgage

Commercial bank or trust company
984 698 0 0 0 0 252 7 10 4 0 0 0 14 0 0
Savings and loan association, federal
savings bank
618 0 474 0 4 0 107 4 5 0 0 4 0 20 0 0
Mutual savings bank 87 0 0 78 0 0 9 0 0 0 0 0 0 0 0 0
Life insurance company 88 0 0 0 88 0 0 0 0 0 0 0 0 0 0 0
Mortgage banker or mortgage company 3323 61 31 0 0 747 2365 52 5 0 0 11 3 42 0 6
Federally-sponsored secondary market
agency or pool
13 0 0 0 0 0 13 0 0 0 0 0 0 0 0 0
Conventional mortgage pool 13 0 0 0 0 0 3 9 0 0 0 0 0 0 0 0
Other federal agency 346 0 0 0 0 0 0 0 346 0 0 0 0 0 0 0
Real estate investment trust 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Pension or retirement fund 4 0 0 0 0 0 0 0 0 0 4 0 0 0 0 0
Credit union 151 0 0 0 0 0 14 4 0 0 0 129 0 5 0 0
Finance company 77 0 0 0 0 0 6 0 0 0 0 0 71 0 0 0
State or municipal government or
housing finance agency
209 0 0 0 0 0 0 0 0 0 0 0 0 209 0 0
Individual or individual's estate 93 0 0 0 0 0 0 0 0 0 0 0 0 0 93 0
Other 74 0 0 0 0 0 0 0 0 0 0 0 0 0 0 74

Holder's Acquisition of First Mortgage

Originated directly from borrower
2446 429 311 51 61 281 859 21 68 0 4 112 35 123 57 35
Purchased from present servicer 1883 167 57 3 8 247 933 26 267 4 0 18 25 77 28 23
Purchased from someone else 1752 164 137 23 23 219 977 29 32 0 0 14 14 89 8 23
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
4734 554 395 66 54 520 2224 57 341 4 4 89 48 241 75 64
Less than 40 percent 138 16 10 0 0 1 53 4 18 0 0 9 4 14 0 9
40 to 49 percent 78 14 7 0 0 5 34 0 14 0 0 0 0 0 3 0
50 to 59 percent 120 24 13 0 8 24 29 0 10 0 0 0 4 0 9 0
60 to 69 percent 405 82 26 0 12 28 187 0 32 0 0 7 7 8 5 9
70 to 79 percent 337 47 36 14 0 40 126 0 19 4 0 0 8 26 7 9
80 to 89 percent 667 93 55 9 8 57 318 9 43 0 0 10 0 55 11 0
90 to 94 percent 791 66 81 7 4 126 390 17 19 0 0 24 5 41 3 9
95 to 99 percent 920 51 57 11 9 123 519 10 57 0 0 13 5 41 8 14
100 percent or more 1225 149 90 25 14 115 554 17 128 0 4 25 15 56 19 14
Not reported 54 12 19 0 0 0 13 0 0 0 0 0 0 0 9 0
Median 94 90 92 96 89 94 95 95 96 75 50050 94 91 92 88 93
Other properties 1346 206 110 12 38 227 545 19 25 0 0 54 27 48 19 17
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
4734 554 395 66 54 520 2224 57 341 4 4 89 48 241 75 64
Less than 40 percent 145 16 9 0 0 8 57 0 23 0 0 5 4 14 0 9
40 to 49 percent 65 10 3 0 0 5 38 0 4 0 0 0 0 0 3 0
50 to 59 percent 105 9 10 0 8 21 29 0 16 0 0 0 4 0 9 0
60 to 69 percent 734 129 75 8 7 105 279 18 40 0 4 12 11 19 13 15
70 to 79 percent 398 60 34 14 5 61 153 4 9 4 0 0 5 31 11 9
80 to 89 percent 939 88 74 21 8 112 462 3 60 0 0 29 0 71 11 0
90 to 94 percent 832 75 81 7 4 110 448 20 9 0 0 14 5 46 0 12
95 to 99 percent 657 41 43 7 9 70 385 7 49 0 0 10 5 14 7 11
100 percent or more 810 113 53 7 14 27 359 5 131 0 0 19 15 46 12 8
Not reported 49 12 14 0 0 0 13 0 0 0 0 0 0 0 9 0
Median 90 85 88 85 89 85 91 91 96 75 65 90 91 88 77 79
Other properties 1346 206 110 12 38 227 545 19 25 0 0 54 27 48 19 17
Not available 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

First Mortgage Risk

Subprime loan
189 52 19 0 0 20 72 11 4 0 0 0 0 5 0 6
Not subprime loan 5892 707 485 78 92 727 2698 65 362 4 4 144 74 284 93 74
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
311 44 40 0 9 33 109 0 24 0 0 4 14 19 6 9
20 to 29 percent 244 49 16 0 0 16 81 4 43 4 0 17 8 8 0 0
30 to 39 percent 342 52 29 0 11 42 116 5 29 0 0 7 4 35 8 4
40 to 49 percent 493 95 33 14 5 44 206 0 38 0 0 13 4 17 12 12
50 to 59 percent 697 77 68 14 4 101 290 6 50 0 0 20 3 45 7 10
60 to 69 percent 785 99 86 16 13 76 365 5 33 0 0 23 9 37 14 8
70 to 79 percent 1061 145 55 16 19 158 483 10 70 0 0 23 18 36 16 12
80 to 89 percent 1039 100 44 10 11 151 572 27 28 0 0 26 5 53 3 7
90 to 99 percent 718 59 85 8 12 83 366 7 29 0 4 10 4 23 17 12
100 percent or more 296 20 32 0 4 42 148 11 14 0 0 0 6 16 0 5
Not reported or not computed 95 22 17 0 5 0 33 0 8 0 0 0 0 0 9 0
Median 71 65 67 67 71 74 74 83 59 25 95 65 65 65 66 66

MORTGAGE PAYMENTS AND OTHER EXPENSES


Method of Payment of First Mortgage

Regular payments of interest
and/or principal
5915 725 484 73 86 747 2695 76 362 4 4 140 74 289 81 75
Interest and principal 5911 725 484 73 86 747 2692 76 362 4 4 140 74 289 81 75
Fully amortized 5220 596 400 59 76 633 2571 66 180 4 0 140 70 280 77 66
Not fully amortized 692 129 83 13 10 114 121 10 182 0 4 0 4 9 4 9
Interest only 3 0 0 0 0 0 3 0 0 0 0 0 0 0 0 0
No regular payments required 9 0 4 0 0 0 5 0 0 0 0 0 0 0 0 0
Not reported 157 35 17 5 5 0 69 0 5 0 0 4 0 0 12 6

Items Included in First Mortgage
Payment@1

Regular monthly payments of
both interest and principal
5911 725 484 73 86 747 2692 76 362 4 4 140 74 289 81 75
Real estate taxes 2582 112 111 19 4 530 1500 51 75 4 0 54 0 112 8 4
Property insurance 2365 93 111 4 4 483 1395 34 76 4 0 46 0 112 0 4
Mortgage insurance 1806 75 128 27 4 267 1164 28 5 4 0 38 0 63 0 4
Other 882 51 42 4 4 205 503 12 11 4 0 11 0 36 0 0
No items included or not reported 3227 601 322 46 83 207 1183 25 281 0 4 80 74 177 73 71
No regular payments of interest
and principal
170 35 21 5 5 0 77 0 5 0 0 4 0 0 12 6

Monthly Interest and Principal Payments
on First Mortgage

Monthly payments of interest
and/or principal
5915 725 484 73 86 747 2695 76 362 4 4 140 74 289 81 75
Less than $100 46 0 6 0 0 3 14 0 18 0 0 0 0 4 0 0
$100 to $199 144 12 0 0 0 8 49 0 35 0 0 15 0 21 0 4
$200 to $299 298 61 11 0 4 29 93 0 51 0 0 8 9 27 0 5
$300 to $399 503 54 43 3 5 40 204 5 86 4 0 12 4 31 14 0
$400 to $499 547 73 35 0 10 46 261 3 30 0 0 21 8 45 5 9
$500 to $599 592 74 44 0 4 67 314 13 25 0 0 14 0 29 3 4
$600 to $699 540 59 38 24 5 50 279 6 36 0 0 6 10 15 10 0
$700 to $799 551 23 62 7 17 67 313 5 21 0 0 4 9 15 7 0
$800 to $899 426 42 45 4 9 61 203 4 8 0 0 17 0 14 11 8
$900 to $999 369 50 32 0 0 63 190 0 3 0 4 3 0 17 5 0
$1,000 to $1,249 691 94 52 12 17 136 301 13 17 0 0 11 9 14 10 7
$1,250 to $1,499 411 45 24 9 5 49 226 0 5 0 0 9 9 18 4 9
$1,500 or more 796 138 92 14 11 127 247 26 26 0 0 21 16 39 12 28
Median 752 816 807 867 792 902 742 1019 389 350 950 625 758 556 815 1242
Mean 938 1079 1116 1105 1373 1006 855 1227 575 330 962 920 1093 842 1074 1615
No regular payments required 9 0 4 0 0 0 5 0 0 0 0 0 0 0 0 0
Not reported 157 35 17 5 5 0 69 0 5 0 0 4 0 0 12 6

Current First Mortgage Payment Status

Regular monthly payments of
principal and/or interest
6072 760 501 78 92 747 2764 76 367 4 4 144 74 289 93 80
Up-to-date, ahead of schedule, or
less than 90 days past due
2998 147 168 27 4 605 1494 72 239 4 0 75 13 110 31 9
Delinquent by 90 days or more 87 9 0 0 0 27 21 0 26 0 0 0 0 5 0 0
Legal proceedings have begun 42 9 0 0 0 18 0 0 15 0 0 0 0 0 0 0
Legal proceedings have not begun 33 0 0 0 0 3 14 0 11 0 0 0 0 5 0 0
Not reported 12 0 0 0 0 6 6 0 0 0 0 0 0 0 0 0
Not reported 2987 604 333 51 88 116 1250 4 102 0 4 69 62 174 63 71
Other properties 9 0 4 0 0 0 5 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
5915 725 484 73 86 747 2695 76 362 4 4 140 74 289 81 75
Less than 5 percent 203 28 9 0 0 16 101 0 22 0 0 10 0 14 4 0
5 to 9 percent 929 157 76 3 8 133 394 11 50 0 0 23 8 50 3 13
10 to 14 percent 1538 135 105 20 21 180 817 20 81 0 0 47 15 51 35 12
15 to 19 percent 1216 114 105 11 22 145 584 32 56 4 0 30 17 87 3 7
20 to 24 percent 656 99 77 18 14 92 280 8 25 0 0 4 16 13 0 11
25 to 29 percent 338 35 34 4 14 43 127 0 34 0 0 0 5 25 7 9
30 to 34 percent 214 11 23 3 0 53 99 0 0 0 0 5 0 10 10 0
35 to 39 percent 114 22 12 0 3 9 40 0 19 0 0 0 5 0 0 3
40 to 49 percent 96 21 0 5 0 11 27 0 23 0 0 0 0 0 5 3
50 percent or more 199 30 22 0 3 27 65 0 20 0 4 8 4 5 0 10
Not reported or not computed 411 73 21 9 0 39 160 5 32 0 0 14 5 34 14 6
Median 15 15 17 19 18 16 15 16 16 18 5025 13 19 16 14 21
No regular payments required 166 35 21 5 5 0 74 0 5 0 0 4 0 0 12 6

Real Estate Tax Per $1,000 Value

Acquired before 2000
4989 617 404 57 71 614 2244 53 345 4 4 137 65 233 76 63
Less than $5 1245 204 80 4 22 144 557 9 111 0 0 33 26 34 16 6
$5 to $9 1356 154 115 28 25 194 588 13 94 4 0 44 18 29 30 21
$10 to $14 1102 115 111 16 12 139 485 5 65 0 0 38 17 69 14 16
$15 to $19 524 60 44 0 3 67 234 26 19 0 0 7 4 42 9 8
$20 to $24 275 25 14 0 3 30 125 0 36 0 4 7 0 26 3 0
$25 to $29 196 16 10 7 0 9 119 0 8 0 0 3 0 15 0 9
$30 to $39 244 35 15 3 0 31 120 0 12 0 0 5 0 19 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 47 8 14 0 5 0 15 0 0 0 0 0 0 0 4 0
Median 10 8 10 9 7 9 10 14 8 8 23 9 7 14 8 12
Acquired 2000 and 2001 (part) 1092 143 100 20 21 133 525 23 22 0 0 7 9 56 17 17

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