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Residential Finance Survey: 2001 - United States
Table 2-8. Uninsured 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
25289 4194 2610 489 390 1819 11530 403 523 42 39 1026 567 784 493 380

PROPERTY CHARACTERISTICS


Property Location by Geographic Area

Inside MAs
20921 3099 2141 391 312 1628 9896 355 432 34 34 842 460 611 378 308
In central cities 5721 857 528 69 78 505 2622 118 129 13 12 252 133 207 117 81
Not in central cities 15200 2242 1612 322 234 1123 7274 237 303 21 22 590 328 404 261 227
Outside MAs 4369 1095 470 98 78 190 1633 48 91 8 5 184 106 173 115 72

Year Structure Built

1999 to March 2000
1216 187 160 6 19 115 480 30 25 0 0 64 38 48 20 23
1997 and 1998 1471 217 189 14 23 87 715 33 40 0 3 48 25 42 19 18
1995 and 1996 1322 211 135 20 13 68 694 7 21 0 8 46 15 25 34 25
1990 to 1994 2603 387 247 49 59 164 1286 34 45 0 0 97 52 91 35 57
1980 to 1989 4491 708 461 88 58 358 2126 47 118 14 3 147 104 125 82 53
1970 to 1979 4093 718 369 79 41 276 1940 60 90 8 7 157 72 149 81 47
1960 to 1969 2738 485 313 48 47 180 1187 38 45 3 9 137 100 69 36 40
1950 to 1959 2982 460 334 71 60 218 1331 46 68 7 5 133 46 82 66 53
1940 to 1949 1399 233 139 40 30 120 565 41 20 0 4 62 40 49 37 18
1939 or earlier 2973 588 263 75 40 232 1205 67 51 10 0 135 75 104 83 45

Purchase Price

Properties acquired by
purchase 1997 to 2001 (part)
9204 1546 970 132 144 689 4091 172 215 18 15 365 154 346 184 163
Less than $20,000 232 73 26 10 8 15 40 6 0 0 0 16 11 9 10 9
$20,000 to $39,999 508 152 38 8 18 42 140 4 0 0 0 25 19 21 21 20
$40,000 to $59,999 654 136 55 24 9 31 249 20 20 0 0 44 11 21 23 11
$60,000 to $79,999 866 192 62 15 26 43 358 4 12 4 0 33 25 55 27 10
$80,000 to $99,999 957 146 124 3 12 68 430 11 20 0 5 51 24 40 12 9
$100,000 to $124,999 1089 157 112 17 18 55 495 20 52 3 0 48 22 33 29 27
$125,000 to $149,999 1053 150 122 4 29 73 493 24 22 0 0 35 9 54 15 23
$150,000 to $174,999 875 120 90 11 4 68 464 18 9 0 3 30 15 32 0 10
$175,000 to $199,999 545 51 58 7 0 30 315 5 27 0 3 4 0 23 13 9
$200,000 to $249,999 876 138 80 12 0 43 514 6 9 0 3 19 5 22 18 7
$250,000 to $299,999 539 71 61 8 3 65 252 0 21 4 0 25 4 9 0 16
$300,000 to $499,999 728 94 108 14 15 99 259 40 16 4 0 33 0 24 16 7
$500,000 or more 284 66 34 0 4 57 82 14 7 4 0 0 8 4 0 3
Median 132057 111751 138873 109425 99268 156566 141912 146438 128820 276862 167243 106631 88675 121590 97567 119855
Mean 166645 159371 183878 144947 134928 225403 163923 229472 165547 263883 148827 135395 119793 143655 120455 139663
Other properties 16085 2648 1641 357 246 1130 7438 231 308 24 25 661 412 438 309 217

Value

Less than $20,000
199 62 15 10 5 13 53 6 10 0 0 7 7 5 5 0
$20,000 to $39,999 720 189 79 15 30 18 214 5 8 0 0 42 23 26 52 19
$40,000 to $59,999 1484 378 139 23 16 66 518 13 27 0 0 92 72 35 69 33
$60,000 to $79,999 2248 525 216 24 37 155 890 33 31 4 0 75 65 87 83 22
$80,000 to $99,999 2701 552 295 60 57 153 1023 29 97 0 12 165 79 94 27 57
$100,000 to $124,999 2773 498 303 36 38 215 1228 30 60 0 5 115 79 105 30 31
$125,000 to $149,999 2807 429 300 73 41 140 1355 21 40 8 5 121 36 120 43 75
$150,000 to $174,999 2518 319 219 39 58 219 1285 38 66 3 0 125 54 43 32 18
$175,000 to $199,999 1738 262 199 19 22 119 864 24 30 3 3 63 37 36 26 30
$200,000 to $249,999 2283 223 252 43 18 128 1261 41 44 3 3 85 48 74 38 22
$250,000 to $299,999 1760 187 119 51 9 136 1017 17 25 4 7 55 31 52 31 19
$300,000 to $499,999 2758 366 333 61 26 266 1366 55 57 7 3 60 16 71 45 26
$500,000 or more 1302 204 141 36 33 191 456 91 28 9 0 20 19 36 12 26
Median 147440 119615 146454 151959 132111 167129 159411 203167 142847 235530 136354 128240 111704 133272 108502 133964
Mean 194040 175417 193425 217019 228822 257858 193704 331406 177055 365388 166407 152324 151618 178275 145002 176863

Value of Capital Improvements

Properties with capital
improvements between 1998
and 2000
14357 2239 1412 326 202 1065 6770 228 267 21 31 625 275 414 279 203
Less than $500 198 34 32 3 11 10 63 7 6 0 0 8 4 4 10 5
$500 to $999 468 70 50 2 6 58 194 13 16 0 0 21 5 22 12 0
$1,000 to $2,499 2141 315 211 46 48 106 1092 23 35 0 5 73 40 73 42 32
$2,500 to $4,999 2191 387 241 25 36 180 952 25 54 4 0 111 38 53 61 25
$5,000 to $7,499 2683 338 248 69 30 234 1340 49 30 5 9 116 52 73 50 38
$7,500 to $9,999 798 125 80 5 12 20 438 4 24 0 3 18 11 23 34 0
$10,000 to $14,999 1856 343 175 56 9 119 863 23 15 0 4 84 61 46 31 29
$15,000 to $19,999 1031 143 111 30 5 55 513 18 12 4 0 66 19 26 13 16
$20,000 to $29,999 1392 215 120 43 18 131 638 13 33 4 3 80 13 37 8 37
$30,000 or more 1598 268 146 48 27 151 677 54 43 4 6 47 33 57 17 20
Median 7031 7315 6745 11183 5054 6896 7022 7335 6965 16607 8606 7130 7415 6871 5770 10145
Mean 14138 14495 15729 17122 17913 18460 13097 26443 13941 15941 13495 11121 11206 12622 8745 12715
Properties with no capital
improvements between 1998 and 2000
8643 1502 932 130 145 610 3769 157 212 18 8 336 233 290 168 134
Capital improvements not
reported
2290 454 266 33 44 144 991 18 45 4 0 64 59 80 47 43

Age Restrictions

Property located in subdivision
restricted to people age 55 or older
1317 201 126 12 26 119 622 32 41 0 7 39 15 42 20 14
Property located in subdivision not
restricted to people age 55 or older
22973 3819 2371 468 344 1637 10465 368 454 42 32 950 526 698 446 351
Not reported 999 174 114 8 20 63 443 3 28 0 0 36 25 44 27 14

Neighborhood Composition

Property located in subdivision or
neighborhood occupied predominantly by
people age 55 or older
1886 371 190 37 32 89 756 50 47 0 4 93 60 87 41 27
Property located in subdivision or
neighborhood not occupied predominantly
by people age 55 or older
16876 2738 1784 352 257 1217 7739 260 351 31 21 700 385 465 305 273
Don't know or not reported 6528 1085 637 100 101 513 3035 93 125 11 15 233 122 231 147 79

OWNER CHARACTERISTICS


Age of Owner

Under 25
165 44 20 0 4 5 61 0 5 0 0 3 9 0 4 10
25 to 34 3015 575 304 38 46 157 1362 43 81 3 0 93 73 107 67 64
35 to 44 7119 1096 681 121 131 539 3290 118 150 23 10 317 138 224 166 113
45 to 54 7551 1232 782 162 117 531 3487 154 159 7 25 316 141 220 118 99
55 to 64 4174 632 454 100 68 303 1899 68 57 5 4 185 129 129 87 55
65 to 74 1694 325 175 35 11 145 792 21 40 3 0 40 40 27 21 18
75 and over 479 94 51 11 3 72 166 0 12 0 0 22 4 28 8 9
Not reported 1093 196 144 23 9 67 471 0 20 0 0 49 34 49 21 11
Median 47 47 48 50 46 48 47 48 46 43 49 47 48 47 45 45

Race of Owner

White alone
22329 3797 2264 443 358 1540 10249 340 453 37 36 892 448 680 455 337
Black or African American alone 1668 229 191 20 17 119 714 31 42 0 3 82 99 66 23 30
American Indian or Alaska Native alone 132 25 6 9 5 24 51 0 5 0 0 9 0 0 0 0
Asian alone 897 114 131 13 7 104 402 32 15 0 0 23 16 28 4 8
Native Hawaiian or Other Pacific
Islander alone
92 9 11 4 0 12 48 0 4 0 0 0 0 0 4 0
Two or more races 170 20 8 0 3 19 66 0 4 5 0 19 4 10 7 4

Sex of Owner

Male/Male and female co-owners
21003 3435 2184 408 329 1517 9625 343 420 35 39 842 439 660 427 300
Female 4286 759 426 81 62 302 1904 60 103 7 0 184 127 124 66 79

Hispanic/Latino Origin

Hispanic/Latino owner(s) only
1821 252 180 26 34 170 796 27 32 0 0 91 50 70 66 28
No Hispanic/Latino owner(s) 23469 3942 2431 463 356 1649 10734 376 492 42 39 935 517 713 427 352

Veteran Status@1

Veteran
5313 976 560 91 105 393 2280 73 127 9 7 198 137 187 104 67
Active member of Reserves or National
Guard for at least 6 years
934 119 97 19 16 100 426 7 19 4 7 39 25 41 13 0
Persian Gulf War or after
(August 1990 to present)
494 85 72 0 10 14 190 9 9 0 0 23 23 30 17 13
Vietnam or after
(August 1964 to July 1990)
3020 581 327 47 61 161 1293 53 86 0 3 130 72 90 58 58
Korean conflict or after
(July 1950 to July 1964)
1153 241 131 24 24 92 514 15 14 5 0 32 14 16 19 12
World War II or after
(September 1940 to June 1950)
422 84 32 8 0 72 143 0 14 0 0 19 13 28 4 4
Nonveteran 18629 3008 1887 375 267 1346 8633 330 368 33 27 764 392 542 364 292
Not reported 1348 210 164 24 19 80 616 0 29 0 5 64 37 54 26 21

Income

Less than $5,000
2182 459 250 48 34 131 923 7 41 4 5 62 87 79 28 22
$5,000 to $9,999 209 12 33 4 12 41 92 0 4 0 0 0 0 0 6 6
$10,000 to $14,999 431 143 31 3 10 51 126 16 5 0 0 8 6 11 11 9
$15,000 to $19,999 648 179 58 9 10 53 223 10 9 0 0 29 21 24 23 0
$20,000 to $24,999 876 143 49 0 13 43 449 10 13 0 0 57 18 44 29 7
$25,000 to $29,999 960 179 81 23 23 73 372 0 45 0 0 38 16 36 40 31
$30,000 to $34,999 1132 199 131 25 14 96 472 8 19 3 0 51 47 24 20 23
$35,000 to $39,999 1078 185 126 17 26 91 445 19 20 7 0 28 33 52 3 27
$40,000 to $49,999 2408 405 228 40 39 175 1030 50 55 0 5 120 72 86 62 39
$50,000 to $59,999 2494 427 273 65 14 135 1101 27 52 0 4 100 82 109 56 48
$60,000 to $79,999 4341 622 472 75 74 279 2109 47 104 3 12 210 77 114 82 59
$80,000 to $99,999 2910 392 267 61 52 198 1490 35 46 7 0 160 44 76 30 50
$100,000 to $119,999 1927 259 239 40 22 136 977 45 43 0 0 58 20 54 30 5
$120,000 or more 3695 589 372 78 47 315 1721 127 67 17 14 103 44 74 73 52
Median 61050 54530 61917 62541 60147 61369 65043 83709 59634 89000 70179 61759 47738 53236 54255 55079
Mean 76043 71026 76028 78466 89224 86287 74590 133934 72403 124109 79295 68630 56067 61896 115418 75770

Owned Home Previously

Previously owned home
14976 2389 1524 270 225 1150 7085 246 304 31 22 614 264 410 241 202
Never owned home before 9437 1674 967 208 147 616 4043 154 202 11 18 380 264 348 237 170
Not reported 876 131 120 12 19 53 402 3 18 0 0 32 38 26 15 7

MORTGAGE CHARACTERISTICS


Number of Mortgages

1 mortgage
18477 3023 1952 355 329 1235 8432 275 397 23 29 696 398 626 401 306
2 mortgages 6090 1026 596 120 61 500 2806 109 114 19 7 297 133 155 76 70
3 or more mortgages 722 145 62 14 0 84 292 19 12 0 3 32 36 3 16 3

Form of Debt of First Mortgage

Mortgage or deed of trust
25289 4194 2610 489 390 1819 11530 403 523 42 39 1026 567 784 493 380
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
20283 2895 1873 351 298 1432 10006 358 432 22 28 773 460 627 386 342
Short-term with balloon payment mortgage 1334 451 108 11 13 39 489 0 3 0 5 58 22 55 63 14
Reverse mortgage 3 0 0 0 3 0 0 0 0 0 0 0 0 0 0 0
Adjustable rate mortgage (ARM) 3402 793 581 120 70 342 940 45 79 20 7 175 81 90 35 24
Other 268 54 48 7 6 5 95 0 10 0 0 19 4 11 9 0

Method of Loan Application

By computer over the Internet or
by e-mail
196 23 4 0 4 33 111 0 0 0 0 0 16 4 0 0
By telephone or FAX 2608 342 208 41 24 287 1284 54 33 12 0 116 67 57 51 32
By regular mail 647 87 63 10 9 29 303 21 16 0 3 42 21 19 23 0
By personal visit 15657 2741 1694 340 259 993 7037 213 340 26 26 653 303 502 299 232
Through third party (such as real
estate agent or builder)
3952 519 443 23 66 336 1931 85 95 3 11 68 81 165 41 84
Some other way 77 6 16 0 0 13 33 0 0 0 0 3 0 0 6 0
Not reported 1944 438 146 72 28 106 753 20 39 0 0 138 77 37 64 25
Not available 207 38 38 3 0 22 77 9 0 0 0 5 0 0 10 6

Origin of First Mortgage

Mortgage made at time property acquired
17081 2994 1756 333 291 1106 7670 236 380 39 25 636 367 593 390 265
Mortgage assumed at the time property
acquired
477 98 56 10 0 29 202 9 9 0 0 9 7 24 14 10
Mortgage placed later than acquisition of
property
7732 1103 799 146 99 684 3657 158 134 3 14 381 192 167 89 105
Refinanced mortgage 6987 930 705 120 99 625 3424 142 126 3 14 324 160 134 80 101
Same lender 2041 390 259 41 38 135 875 53 25 3 14 85 36 40 23 25
Different lender 4946 540 446 79 61 490 2549 89 101 0 0 240 123 94 57 76
Mortgage placed on property
owned free and clear of debt
745 173 93 26 0 60 233 15 8 0 0 56 33 33 10 3
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
7732 1103 799 146 99 684 3657 158 134 3 14 381 192 167 89 105
Obtain lower interest rate 4647 561 424 61 61 387 2504 77 86 3 9 217 54 97 54 53
Increase payment period for mortgage 59 10 4 5 0 0 27 0 0 0 0 0 0 9 0 4
Reduce payment period for mortgage 229 22 36 0 4 16 109 0 11 0 0 23 7 0 0 3
Renew or extend loan that had fallen
due, without increasing outstanding
balance
145 17 21 5 0 21 60 0 0 0 0 9 9 0 0 4
Receive cash or increase outstanding
balance of loan
2236 397 281 76 29 224 794 76 37 0 0 112 105 42 24 38
Other reason 232 69 22 0 6 18 72 5 0 0 5 8 8 6 11 4
Not reported 184 27 12 0 0 19 93 0 0 0 0 12 9 12 0 0
Other properties 17557 3091 1812 343 291 1134 7872 245 389 39 25 645 374 617 404 275
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
3488 547 379 92 39 323 1489 100 66 0 0 183 102 80 33 54
Less than $20,000 1263 198 120 20 11 127 557 36 21 0 0 73 47 16 11 27
$20,000 to $39,999 1136 166 138 24 4 77 513 41 9 0 0 68 38 26 15 18
$40,000 to $59,999 454 88 33 23 9 44 188 0 17 0 0 21 12 16 4 0
$60,000 to $79,999 215 42 24 3 0 25 89 4 6 0 0 5 0 15 0 0
$80,000 to $99,999 149 28 19 10 6 26 51 4 0 0 0 4 0 3 0 0
$100,000 to $124,999 133 11 29 12 4 9 54 0 8 0 0 0 0 0 0 6
$125,000 to $149,999 41 7 13 0 0 0 7 5 5 0 0 0 0 0 0 3
$150,000 to $174,999 47 0 0 0 0 11 12 4 0 0 0 14 0 4 3 0
$175,000 to $199,999 15 4 0 0 0 0 6 5 0 0 0 0 0 0 0 0
$200,000 to $249,999 19 0 3 0 4 4 7 0 0 0 0 0 0 0 0 0
$250,000 to $299,999 15 4 0 0 0 0 6 0 0 0 0 0 5 0 0 0
$300,000 or more 2 0 0 0 0 0 0 2 0 0 0 0 0 0 0 0
Median 28468 29146 30170 41982 48250 28920 27312 26924 43102 0 0 25600 22160 38548 26994 20519
Mean 36470 34942 39046 46376 60374 39440 33372 48187 45833 0 0 35333 33513 42962 34065 35445
Properties that refinanced
and did not receive cash back
3566 465 335 34 53 295 1883 42 55 3 14 167 47 78 43 51
Properties that refinanced
and did not report if received
cash back
678 90 84 20 7 66 286 15 13 0 0 31 43 9 13 0
Properties that did not
refinance
17557 3091 1812 343 291 1134 7872 245 389 39 25 645 374 617 404 275
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
3488 547 379 92 39 323 1489 100 66 0 0 183 102 80 33 54
For additions, improvements or repairs
to this property
1659 251 224 56 15 118 725 51 29 0 0 96 35 25 8 26
To consolidate debts 1621 248 126 22 8 168 717 51 23 0 0 91 77 43 16 29
For investment in other real estate 263 39 32 7 4 21 131 5 0 0 0 14 5 0 5 0
For other types of investments 218 31 31 7 0 20 85 5 17 0 0 10 5 3 0 3
For educational or medical expenses 257 48 29 16 0 14 93 11 10 0 0 21 8 5 0 3
To start a business 73 35 0 0 0 7 23 0 0 0 0 0 0 5 0 3
To settle a divorce 105 13 18 3 15 6 33 4 0 0 0 5 0 5 0 4
To pay taxes 114 21 13 4 0 12 37 10 9 0 0 0 4 4 0 0
To purchase an automobile, truck, or
other vehicle
327 64 22 0 0 28 136 15 4 0 0 26 16 7 6 3
To purchase consumer product other than
automobile, truck, or other vehicle
88 4 12 4 0 21 18 3 4 0 0 9 10 3 0 0
Other 80 7 25 0 0 12 28 5 0 0 0 0 0 0 4 0
Not reported 48 0 9 11 0 4 23 0 0 0 0 2 0 0 0 0
Properties that refinanced
and did not receive cash back
3566 465 335 34 53 295 1883 42 55 3 14 167 47 78 43 51
Properties that refinanced
and did not report if received
cash back
678 90 84 20 7 66 286 15 13 0 0 31 43 9 13 0
Properties that did not
refinance
17557 3091 1812 343 291 1134 7872 245 389 39 25 645 374 617 404 275
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)
9506 1626 932 152 129 817 4072 183 192 14 11 489 286 287 187 128
1997 and 1998 5925 863 571 102 67 507 2929 124 112 7 8 235 77 164 62 97
1995 and 1996 2707 506 301 71 57 133 1230 17 53 9 7 91 52 80 62 37
1990 to 1994 4607 726 512 91 81 242 2296 56 72 4 8 129 71 113 120 87
1985 to 1989 1292 226 177 44 25 62 489 12 45 3 0 60 40 64 41 4
1980 to 1984 455 93 56 19 16 31 170 0 14 4 0 3 13 13 14 9
1979 or earlier 798 154 61 10 16 27 343 10 35 0 4 20 28 64 8 19

Traditional First Mortgage Loan

Less than $20,000
922 268 77 26 29 11 247 6 30 0 4 63 44 55 41 22
$20,000 to $29,999 1308 308 127 24 32 67 437 26 18 0 4 95 33 62 51 24
$30,000 to $39,999 1676 373 193 39 17 90 653 15 42 0 0 86 44 41 55 28
$40,000 to $49,999 1698 377 185 49 7 86 744 21 24 0 0 82 44 32 35 12
$50,000 to $59,999 2102 355 247 56 39 158 856 31 53 0 0 116 40 78 59 16
$60,000 to $79,999 3928 700 394 77 48 306 1820 50 59 11 19 121 108 101 60 55
$80,000 to $99,999 3053 430 327 54 33 223 1524 29 70 11 0 135 41 85 30 62
$100,000 to $149,999 5302 674 498 71 115 377 2677 85 128 0 7 196 134 168 84 88
$150,000 to $199,999 2381 253 225 44 26 142 1397 8 37 7 6 42 37 73 62 21
$200,000 to $249,999 1302 168 128 2 4 148 688 26 23 5 0 38 14 35 13 9
$250,000 to $299,999 445 66 40 18 7 60 182 31 7 4 0 0 4 8 5 16
$300,000 or more 875 177 145 22 17 147 174 76 18 4 0 33 19 30 0 14
Not reported 297 45 25 9 16 5 131 0 12 0 0 19 5 17 0 12
Median 85647 71273 84290 72013 88881 96992 92377 114662 87951 98239 72823 70157 74150 83463 62132 88310
Mean 108098 105636 112498 96063 108718 135800 106422 175181 102847 153207 86852 86295 89841 100663 81191 105382

Traditional First Mortgage Outstanding
Debt

Less than $10,000
973 239 100 16 16 51 342 9 26 0 0 74 25 26 31 16
$10,000 to $19,999 1371 339 149 51 34 53 423 22 27 0 8 85 34 68 52 26
$20,000 to $29,999 1640 352 149 46 19 94 638 22 15 0 3 100 46 59 69 28
$30,000 to $39,999 1899 388 242 53 21 56 866 12 43 3 0 86 48 39 30 12
$40,000 to $49,999 2010 372 206 57 16 156 890 39 55 4 5 94 24 44 43 5
$50,000 to $59,999 1961 326 198 46 39 166 868 21 27 3 5 81 62 61 33 25
$60,000 to $79,999 3495 628 344 56 45 269 1605 43 55 11 8 124 90 91 57 68
$80,000 to $99,999 2966 371 321 34 44 194 1519 16 75 4 0 113 52 122 44 56
$100,000 to $149,999 4579 567 455 61 104 340 2301 84 113 4 7 146 125 129 70 73
$150,000 to $199,999 2057 241 163 31 8 137 1213 7 37 5 3 46 22 74 47 24
$200,000 to $249,999 962 115 97 6 8 121 467 37 17 0 0 31 14 19 13 17
$250,000 to $299,999 337 57 41 11 4 49 114 20 13 4 0 7 5 4 5 4
$300,000 or more 747 154 122 11 17 126 152 71 8 4 0 26 14 30 0 14
Not reported 293 45 25 9 16 5 131 0 12 0 0 15 5 17 0 12
Median 75134 61886 74447 53647 78532 86203 80893 110352 82043 78165 57911 58316 69287 78694 56522 81472
Mean 96904 95107 100546 77354 100178 122863 94970 157405 95360 135043 66286 76543 83493 93060 72632 97461

Total Mortgage Outstanding Debt

Less than $10,000
825 201 89 16 16 51 286 4 26 0 0 53 16 22 28 16
$10,000 to $19,999 1254 307 141 51 34 50 357 22 27 0 8 78 40 61 52 26
$20,000 to $29,999 1544 332 150 40 15 87 582 22 15 0 3 103 42 55 69 28
$30,000 to $39,999 1750 381 211 55 21 55 802 7 33 0 0 84 35 35 20 12
$40,000 to $49,999 1835 311 177 54 12 149 844 32 52 3 5 88 20 44 40 5
$50,000 to $59,999 1885 347 188 44 42 156 805 21 19 3 5 84 53 60 35 21
$60,000 to $79,999 3558 620 353 59 40 240 1660 44 54 15 8 126 103 102 67 66
$80,000 to $99,999 3000 438 327 32 48 199 1494 32 73 4 0 117 41 109 35 51
$100,000 to $149,999 4786 584 479 67 102 343 2410 78 121 0 7 168 129 145 73 80
$150,000 to $199,999 2247 272 200 26 8 154 1266 13 47 9 3 49 39 78 55 29
$200,000 to $249,999 1012 123 97 11 8 107 533 34 20 0 0 12 21 19 16 12
$250,000 to $299,999 449 73 47 14 4 70 167 16 17 4 0 21 5 4 5 4
$300,000 or more 870 170 129 11 22 157 192 78 8 4 0 31 17 32 0 19
Not reported 274 35 25 9 16 0 131 0 12 0 0 11 5 17 0 12
Median 79193 66427 79179 55404 81858 92109 84865 111092 88355 78691 57911 62715 74475 80629 61025 83876
Mean 101597 99917 104566 80011 101268 131564 99133 174352 98353 145694 68937 83023 90729 94563 76862 97973

Current Interest Rate on First Mortgage

Less than 6.0 percent
7866 1534 933 161 242 86 3241 4 309 0 3 278 220 471 154 229
6.0 percent 367 37 12 4 0 10 240 4 0 3 4 21 0 0 32 0
6.1 to 6.4 percent 602 64 76 7 0 108 299 16 0 4 0 19 0 0 9 0
6.5 to 6.9 percent 2787 258 251 61 6 388 1554 71 4 4 3 153 8 14 11 0
7.0 percent 2276 270 179 49 19 188 1278 7 36 13 3 100 22 59 26 27
7.1 to 7.4 percent 1872 192 167 47 5 244 1051 61 0 4 0 81 3 8 4 3
7.5 to 7.9 percent 2213 345 304 68 0 239 1015 68 4 4 14 104 8 3 37 0
8.0 percent 747 135 56 14 3 60 361 23 0 0 0 59 0 0 35 0
8.1 to 8.4 percent 618 124 41 8 0 87 287 13 7 4 0 33 11 0 3 0
8.5 to 8.9 percent 745 162 64 19 8 97 304 20 4 7 4 44 0 0 11 0
9.0 percent 256 56 15 7 0 10 111 12 0 0 0 5 14 3 22 0
9.1 to 9.4 percent 201 75 13 3 4 45 34 11 0 0 0 0 8 0 0 8
9.5 to 9.9 percent 351 114 58 0 6 57 68 9 0 0 0 7 10 4 14 5
10.0 percent 135 39 0 0 0 13 28 22 0 0 3 0 8 0 17 6
10.1 to 10.4 percent 71 0 8 0 0 11 15 20 0 0 0 0 16 0 0 0
10.5 to 10.9 percent 152 27 20 0 3 43 22 13 0 0 0 3 16 0 4 0
11.0 percent 321 63 23 5 5 5 148 4 8 0 0 9 15 10 23 4
11.1 to 12.9 percent 234 23 10 0 0 87 14 11 0 0 5 0 77 0 6 0
13.0 percent 75 13 3 0 0 5 35 0 5 0 0 0 13 0 0 0
13.1 percent or more 3399 661 375 37 90 35 1423 14 146 0 0 108 117 210 84 98
Not reported 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Median 7.0 7.1 7.0 7.0 4.8 7.3 7.0 7.8 5.1 7.1 7.7 7.0 9.1 5.0 7.6 5.0

Points Paid as Interest on First
Mortgage

With mortgage placed
24967 4137 2558 482 390 1794 11405 394 518 42 39 1020 563 770 479 374
No points 4649 1151 535 187 12 267 1418 96 24 15 29 523 114 10 232 35
Less than 1 point 518 12 6 3 0 343 138 9 0 0 0 3 3 0 0 0
1 point 216 42 50 19 0 8 52 0 0 0 3 10 20 7 3 0
1.1 to 1.9 points 734 36 58 4 3 187 389 25 0 0 0 22 6 3 0 0
2 points 166 24 24 7 0 18 41 8 0 0 0 17 17 9 0 0
2.1 to 2.9 points 129 0 8 8 0 66 39 7 0 0 0 0 0 0 0 0
3 points 80 9 25 3 0 8 22 0 0 0 0 3 9 0 0 0
3.1 to 3.9 points 41 0 0 5 0 15 12 5 0 0 0 0 4 0 0 0
4 points 20 4 6 0 0 0 0 4 0 0 0 0 7 0 0 0
4.1 to 4.9 points 38 0 0 0 0 27 7 0 0 0 0 0 3 0 0 0
5 points 34 7 9 0 0 5 9 0 0 0 0 0 4 0 0 0
5.1 to 5.9 points 38 0 6 0 0 29 0 0 0 0 0 0 3 0 0 0
6 points or more 308 4 21 0 0 104 115 4 0 0 0 0 61 0 0 0
Not reported or don't know 17997 2847 1810 246 375 717 9160 238 495 27 7 441 312 740 243 339
With mortgage assumed 322 57 52 7 0 25 125 9 5 0 0 5 3 14 14 6

Type of Interest Rate Buydown

Properties with interest rate
buydown
882 62 15 0 0 9 758 11 0 5 0 7 15 0 0 0
Constant payment 35 0 7 0 0 0 10 4 0 0 0 7 8 0 0 0
3-2-1 buydown 4 0 0 0 0 0 4 0 0 0 0 0 0 0 0 0
Other 13 5 4 0 0 0 4 0 0 0 0 0 0 0 0 0
Not reported 830 56 4 0 0 9 741 7 0 5 0 0 7 0 0 0
Properties without interest
rate buydown
11117 1673 1063 268 33 1332 5118 341 32 37 29 600 237 48 266 40
Not reported 13291 2459 1533 222 357 478 5653 51 492 0 11 419 314 736 227 340

Term of First Mortgage

Less than 5 years
151 108 0 5 0 3 0 0 0 0 5 7 4 0 18 0
5 years 290 189 24 0 0 0 0 5 0 0 0 37 3 0 32 0
6 to 9 years 188 67 24 10 0 4 32 0 0 0 0 38 8 0 6 0
10 years 620 167 53 28 4 41 151 23 0 0 3 108 11 0 30 0
11 to 14 years 92 49 11 0 0 6 0 0 0 0 4 4 10 0 4 5
15 years 3566 478 353 104 0 326 1851 101 4 8 0 223 34 0 67 19
16 to 19 years 44 14 11 0 0 7 4 0 4 0 0 0 4 0 0 0
20 years 663 126 65 25 0 83 227 23 0 4 0 23 35 0 49 6
21 to 24 years 15 0 0 7 0 0 3 0 0 0 0 4 0 0 0 0
25 years 239 44 52 8 4 36 58 0 0 0 0 28 1 0 9 0
26 to 29 years 78 20 7 0 0 0 44 3 3 0 0 0 0 0 0 0
30 years 7158 458 650 96 31 1239 3952 248 13 31 28 145 163 49 45 11
More than 30 years 61 13 11 0 0 8 15 0 8 0 0 0 7 0 0 0
No stated term 12124 2461 1349 207 352 67 5194 0 492 0 0 408 287 735 233 340
Median 30 16 30 16 30 30 30 30 30 30 30 16 30 31 16 16

Unexpired Term of First Mortgage

Less than 5 years
881 366 71 12 4 40 202 14 0 0 5 80 7 0 79 0
5 to 9 years 1806 356 193 95 9 118 741 42 7 4 10 139 23 7 53 10
10 to 14 years 2519 396 245 64 9 255 1142 96 12 7 0 186 40 4 49 14
15 to 19 years 1014 136 103 25 0 163 430 17 0 7 0 60 45 0 23 6
20 to 24 years 1338 95 142 23 13 184 767 29 3 5 8 21 10 8 27 0
25 to 29 years 4582 328 407 55 4 800 2512 153 9 18 15 99 115 31 29 7
30 or more years 1025 55 101 8 0 192 542 50 0 0 0 34 40 0 0 4
No stated term or not computed 12124 2461 1349 207 352 67 5194 0 492 0 0 408 287 735 233 340
Median 21 12 21 13 13 26 24 25 14 22 22 12 26 26 10 14

Servicer of First Mortgage

Commercial bank or trust company
5669 3935 0 4 0 21 1576 91 4 9 9 5 0 12 4 0
Savings and loan association, federal
savings bank
2936 0 2420 0 0 31 429 28 0 12 8 3 4 0 0 0
Mutual savings bank 582 0 0 480 0 0 87 0 0 4 0 0 0 8 0 3
Life insurance company 368 0 0 0 360 0 8 0 0 0 0 0 0 0 0 0
Mortgage banker or mortgage company 11850 253 187 5 31 1767 9278 260 11 18 7 15 0 8 10 0
Federally-sponsored secondary market
agency or pool
38 0 0 0 0 0 35 4 0 0 0 0 0 0 0 0
Conventional mortgage pool 12 0 0 0 0 0 0 12 0 0 0 0 0 0 0 0
Other federal agency 508 0 0 0 0 0 0 0 508 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 12 0 0 0 0 0 0 0 0 0 12 0 0 0 0 0
Credit union 1113 0 0 0 0 0 106 5 0 0 0 1002 0 0 0 0
Finance company 584 3 0 0 0 0 7 4 0 0 3 0 563 0 4 0
State or municipal government or
housing finance agency
756 0 0 0 0 0 0 0 0 0 0 0 0 756 0 0
Individual or individual's estate 478 3 0 0 0 0 0 0 0 0 0 0 0 0 469 6
Other 383 0 4 0 0 0 4 0 0 0 0 0 0 0 6 370

Holder's Acquisition of First Mortgage

Originated directly from borrower
11770 2652 1739 357 201 588 3687 135 290 11 26 799 339 371 390 184
Purchased from present servicer 6620 755 301 66 110 907 3652 105 94 26 6 121 96 235 48 99
Purchased from someone else 6900 788 571 66 80 324 4190 164 138 5 7 106 131 178 55 98
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
17099 2980 1767 343 291 1098 7709 230 389 39 25 627 349 599 391 262
Less than 40 percent 757 149 86 19 6 46 343 7 15 5 0 30 9 16 16 11
40 to 49 percent 530 102 71 18 9 42 231 0 11 0 0 32 3 4 4 3
50 to 59 percent 774 100 89 12 32 39 389 27 9 0 4 22 8 10 19 12
60 to 69 percent 2099 338 209 62 23 113 1003 38 66 7 0 64 44 103 17 12
70 to 79 percent 2268 393 304 41 7 221 1000 36 38 7 7 58 46 68 33 11
80 to 89 percent 3208 516 328 48 51 253 1480 47 49 12 3 113 72 119 67 49
90 to 94 percent 1332 209 112 13 31 41 620 15 54 4 3 64 18 70 53 23
95 to 99 percent 1285 196 123 17 40 76 600 13 53 4 5 35 14 46 35 28
100 percent or more 4518 923 421 105 69 259 1902 46 79 0 3 191 125 149 147 100
Not reported 328 54 25 9 22 9 140 0 16 0 0 18 10 13 0 12
Median 86 87 83 83 91 83 86 81 90 80 86 89 88 88 94 96
Other properties 8191 1214 844 146 99 721 3821 173 134 3 14 399 218 185 102 118
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
17099 2980 1767 343 291 1098 7709 230 389 39 25 627 349 599 391 262
Less than 40 percent 940 175 90 45 6 75 405 4 18 5 0 60 9 20 18 11
40 to 49 percent 601 115 80 13 9 51 265 9 11 3 4 26 0 4 7 3
50 to 59 percent 857 105 117 36 26 57 412 11 9 0 0 33 17 10 15 9
60 to 69 percent 3533 707 326 68 33 262 1604 64 62 4 5 103 72 107 90 27
70 to 79 percent 3082 446 388 42 16 327 1467 74 43 15 7 93 46 66 43 11
80 to 89 percent 2792 465 285 56 39 204 1218 42 49 4 3 111 71 118 77 49
90 to 94 percent 1088 175 76 9 35 34 485 14 54 4 3 48 34 62 33 23
95 to 99 percent 1044 167 105 18 30 47 462 3 53 4 3 32 19 49 23 28
100 percent or more 2861 576 275 46 76 38 1260 8 79 0 0 106 71 149 87 89
Not reported 301 50 25 9 20 5 130 0 12 0 0 15 10 13 0 12
Median 78 78 77 71 91 73 78 74 89 75 76 79 84 87 83 93
Other properties 8191 1214 844 146 99 721 3821 173 134 3 14 399 218 185 102 118
Not available 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

First Mortgage Risk

Subprime loan
1367 172 84 7 62 244 345 75 28 10 0 34 197 39 39 30
Not subprime loan 23923 4022 2527 482 328 1574 11185 328 495 32 39 991 370 745 454 350
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
2156 415 224 86 24 134 850 28 33 5 10 138 38 97 52 22
20 to 29 percent 1774 299 181 70 18 125 849 34 34 3 0 50 23 35 33 20
30 to 39 percent 2234 320 258 52 34 188 1032 24 43 7 0 109 56 35 33 41
40 to 49 percent 2746 408 320 62 32 192 1289 61 47 8 10 107 57 56 61 37
50 to 59 percent 3740 593 435 45 73 312 1768 77 74 4 7 83 41 118 56 54
60 to 69 percent 3819 633 339 65 50 257 1938 35 55 7 3 160 64 108 65 40
70 to 79 percent 3707 579 350 47 74 268 1722 62 83 0 8 165 50 147 83 66
80 to 89 percent 2133 394 199 33 20 151 944 39 54 4 0 75 62 67 45 46
90 to 99 percent 1518 284 152 2 29 100 575 33 48 4 0 63 73 82 37 36
100 percent or more 1092 216 128 14 16 91 377 10 30 0 0 65 89 22 28 6
Not reported or not computed 372 54 25 13 20 0 186 0 22 0 0 11 13 17 0 12
Median 59 61 57 45 61 59 59 57 64 47 49 61 70 64 62 63

MORTGAGE PAYMENTS AND OTHER EXPENSES


Method of Payment of First Mortgage

Regular payments of interest
and/or principal
24506 4048 2545 462 368 1790 11180 403 496 42 39 989 549 752 481 363
Interest and principal 24456 4028 2524 462 368 1783 11180 403 496 42 39 989 549 752 478 363
Fully amortized 22471 3411 2282 436 350 1680 10543 384 480 38 31 906 510 693 379 348
Not fully amortized 1984 618 242 26 17 103 637 19 16 4 8 83 38 59 99 14
Interest only 51 20 21 0 0 7 0 0 0 0 0 0 0 0 4 0
No regular payments required 76 9 8 0 3 25 23 0 0 0 0 0 0 0 8 0
Not reported 707 137 58 28 19 4 327 0 27 0 0 37 18 31 4 17

Items Included in First Mortgage
Payment@1

Regular monthly payments of
both interest and principal
24456 4028 2524 462 368 1783 11180 403 496 42 39 989 549 752 478 363
Real estate taxes 7718 446 659 140 20 1140 4680 220 15 29 21 201 24 42 57 24
Property insurance 6566 383 474 50 15 1024 4094 193 19 21 16 158 19 39 44 15
Mortgage insurance 472 14 11 0 0 68 354 8 0 0 0 17 0 0 0 0
Other 2449 166 117 6 13 585 1387 40 11 11 13 52 7 31 10 0
No items included or not reported 16423 3517 1857 322 344 542 6416 154 477 13 18 783 525 700 416 339
No regular payments of interest
and principal
834 166 87 28 23 36 350 0 27 0 0 37 18 31 16 17

Monthly Interest and Principal Payments
on First Mortgage

Monthly payments of interest
and/or principal
24506 4048 2545 462 368 1790 11180 403 496 42 39 989 549 752 481 363
Less than $100 107 38 10 10 0 7 23 0 5 0 0 0 4 5 0 6
$100 to $199 521 142 56 21 8 21 123 9 16 0 7 57 18 13 26 4
$200 to $299 1485 361 119 28 44 107 589 17 11 0 4 78 32 25 56 15
$300 to $399 2130 450 255 48 25 156 833 17 25 3 0 98 33 77 72 38
$400 to $499 2343 378 228 49 25 168 1124 15 19 7 10 119 45 68 66 22
$500 to $599 2489 414 244 63 39 228 1115 44 58 7 0 118 45 54 43 17
$600 to $699 2446 414 279 36 29 174 1097 40 54 0 3 107 70 75 21 47
$700 to $799 2147 290 262 13 12 109 1139 32 44 4 5 73 49 51 26 38
$800 to $899 1804 262 142 33 21 130 893 35 52 0 3 67 30 76 31 29
$900 to $999 1615 215 155 31 41 120 806 9 36 0 3 38 53 59 26 24
$1,000 to $1,249 2838 370 301 63 45 175 1400 32 75 7 3 105 90 88 42 42
$1,250 to $1,499 1511 187 110 13 35 99 830 18 31 5 0 38 29 55 31 30
$1,500 or more 3071 526 385 55 43 296 1209 136 69 7 0 90 53 106 42 54
Median 734 658 732 634 806 731 760 878 830 777 489 622 758 811 547 791
Mean 913 862 942 857 1401 997 891 1376 955 1114 576 869 862 956 714 962
No regular payments required 76 9 8 0 3 25 23 0 0 0 0 0 0 0 8 0
Not reported 707 137 58 28 19 4 327 0 27 0 0 37 18 31 4 17

Current First Mortgage Payment Status

Regular monthly payments of
principal and/or interest
25213 4185 2603 489 387 1794 11507 403 523 42 39 1026 567 784 485 380
Up-to-date, ahead of schedule, or
less than 90 days past due
12668 1715 1177 271 35 1636 6123 376 32 42 39 613 268 53 247 40
Delinquent by 90 days or more 213 24 0 0 0 54 89 6 0 0 0 6 6 0 28 0
Legal proceedings have begun 86 4 0 0 0 20 42 3 0 0 0 6 6 0 5 0
Legal proceedings have not begun 70 0 0 0 0 29 15 3 0 0 0 0 0 0 22 0
Not reported 57 20 0 0 0 5 32 0 0 0 0 0 0 0 0 0
Not reported 12333 2446 1426 218 352 104 5294 20 492 0 0 406 292 731 210 340
Other properties 76 9 8 0 3 25 23 0 0 0 0 0 0 0 8 0

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

Monthly payments of interest
and/or principal
24506 4048 2545 462 368 1790 11180 403 496 42 39 989 549 752 481 363
Less than 5 percent 997 215 67 33 10 110 353 18 22 0 7 55 20 33 51 3
5 to 9 percent 4654 792 415 126 55 256 2291 63 70 20 16 237 46 89 112 66
10 to 14 percent 6193 917 774 122 88 433 2955 117 100 4 7 264 106 134 88 86
15 to 19 percent 4348 672 417 57 63 319 2052 56 107 7 0 162 124 163 94 55
20 to 24 percent 2625 392 269 33 67 184 1149 71 59 3 5 114 84 113 43 39
25 to 29 percent 1296 225 142 16 13 126 542 23 43 0 0 38 30 55 19 25
30 to 34 percent 800 121 65 3 14 67 354 27 20 0 0 17 18 49 12 32
35 to 39 percent 445 95 70 12 10 45 168 7 9 0 0 16 0 3 4 5
40 to 49 percent 525 97 44 8 4 53 218 13 18 0 0 11 7 22 17 14
50 percent or more 815 136 95 26 18 79 324 0 15 4 0 17 41 28 16 19
Not reported or not computed 1809 387 188 26 25 118 773 7 32 4 5 59 74 65 27 19
Median 15 14 14 12 16 16 14 15 17 10 8 13 18 18 14 17
No regular payments required 783 146 66 28 23 29 350 0 27 0 0 37 18 31 12 17

Real Estate Tax Per $1,000 Value

Acquired before 2000
22161 3659 2213 450 327 1594 10287 353 454 38 39 882 492 628 418 327
Less than $5 5209 998 499 98 75 341 2366 49 104 11 9 213 130 150 88 77
$5 to $9 5918 933 606 95 79 520 2666 139 123 10 6 256 155 148 88 92
$10 to $14 4868 707 388 96 65 355 2408 87 93 9 12 207 78 132 146 84
$15 to $19 2653 379 287 51 37 159 1321 21 52 8 8 101 44 103 43 41
$20 to $24 1517 254 206 40 32 89 653 27 30 0 0 33 49 49 36 19
$25 to $29 699 121 61 22 8 45 342 21 23 0 0 31 9 16 0 0
$30 to $39 1120 234 156 45 20 85 446 7 25 0 5 33 23 18 18 5
$40 to $49 7 4 0 0 0 0 4 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 168 27 10 3 11 0 82 0 3 0 0 7 4 12 0 9
Median 10 9 10 12 10 9 10 10 10 9 12 9 9 10 11 9
Acquired 2000 and 2001 (part) 3128 535 397 39 64 225 1243 50 69 4 0 144 75 156 75 53

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