Residential Finance Survey

Residential Finance Survey: 2001 - Midwest
Table 3-2c. Type of First Mortgage, 2- to 4-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^^

		Fixed rate mortgage
	Total mortgaged properties	Amortized	Short term with balloon payment	Adjustable rate mortgage (ARM)	Other mortgage
2- to 4-housing-unit properties with traditional first mortgage	137	104	4	27	2
PROPERTY CHARACTERISTICS Manner of Acquisition By purchase	135	102	4	27	2
Placed one new mortgage	125	94	4	25	2
Placed two or more new mortgages	7	7	0	0	0
Assumed mortgage(s) already on property	2	2	0	0	0
Assumed mortgage(s) already on property and placed new mortgage	0	0	0	0	0
Borrowed using assets other than this property as collateral	0	0	0	0	0
Paid all cash-no borrowing	2	0	0	2	0
Other manner	0	0	0	0	0
By inheritance or gift	2	2	0	0	0
By divorce	0	0	0	0	0
By some other manner	0	0	0	0	0
Not reported	0	0	0	0	0
Source of Downpayment@1 Properties purchased 1995 to 2001 (part)	77	54	4	17	2
Sale of previous home	21	16	0	3	2
Sale of other real property or other investments	6	6	0	0	0
Savings	48	33	4	12	0
Borrowing from a retirement plan	3	3	0	0	0
Borrowing using assets other than this property as collateral	2	2	0	0	0
Proceeds from an insurance policy	2	0	0	2	0
Payments in a lease-purchase agreement	0	0	0	0	0
From a state or local government source	0	0	0	0	0
From a non-profit organization	0	0	0	0	0
From parents or relatives	7	5	0	2	0
Other	0	0	0	0	0
No downpayment required	8	5	0	3	0
Not reported	0	0	0	0	0
Other properties	60	51	0	9	0
Not reported	0	0	0	0	0
Year Property Acquired 1999 to 2001 (part)	29	22	2	4	0
1997 and 1998	25	20	0	5	0
1995 and 1996	23	12	1	8	2
1990 to 1994	17	15	0	2	0
1985 to 1989	18	15	0	3	0
1980 to 1984	11	9	0	3	0
1975 to 1979	8	7	0	1	0
1970 to 1974	0	0	0	0	0
1969 or earlier	7	5	0	2	0
Property New or Previously Occupied When Acquired Acquired by purchase	135	102	4	27	2
New	9	8	0	1	0
Previously occupied by someone else	126	95	4	26	2
Converted from non-residential use	0	0	0	0	0
Other	0	0	0	0	0
Not reported	0	0	0	0	0
Other properties	2	2	0	0	0
Not reported	0	0	0	0	0
Year Structure Built 1999 to March 2000	3	3	0	0	0
1997 and 1998	2	2	0	0	0
1995 and 1996	4	4	0	0	0
1990 to 1994	3	1	0	2	0
1980 to 1989	6	3	0	3	0
1970 to 1979	17	12	0	5	0
1960 to 1969	2	2	0	0	0
1950 to 1959	12	7	0	3	2
1940 to 1949	12	9	0	3	0
1939 or earlier	77	62	4	12	0
Purchase Price Per Housing Unit@8 Properties acquired by purchase 1997 to 2001 (part)	54	42	2	10	0
Less than $20,000	2	2	0	0	0
$20,000 to $39,999	9	5	2	2	0
$40,000 to $59,999	17	14	0	3	0
$60,000 to $79,999	11	9	0	3	0
$80,000 to $99,999	8	8	0	0	0
$100,000 to $124,999	4	2	0	3	0
$125,000 to $149,999	0	0	0	0	0
$150,000 to $174,999	3	3	0	0	0
$175,000 to $199,999	0	0	0	0	0
$200,000 to $249,999	0	0	0	0	0
$250,000 to $299,999	0	0	0	0	0
$300,000 to $499,999	0	0	0	0	0
$500,000 or more	0	0	0	0	0
Median	58486	59435	30000	61759	20000-
Mean	63818	63537	36000	71315	0
Other properties	83	62	1	17	2
Value Less than $20,000	2	2	0	0	0
$20,000 to $39,999	0	0	0	0	0
$40,000 to $59,999	6	3	0	3	0
$60,000 to $79,999	14	7	2	4	0
$80,000 to $99,999	19	18	0	2	0
$100,000 to $124,999	24	17	0	8	0
$125,000 to $149,999	12	12	0	0	0
$150,000 to $174,999	20	15	0	3	2
$175,000 to $199,999	8	7	0	1	0
$200,000 to $249,999	18	12	1	4	0
$250,000 to $299,999	2	2	0	0	0
$300,000 to $499,999	6	6	0	0	0
$500,000 or more	5	3	0	2	0
Median	130823	136811	76171	113571	162500
Mean	157856	161071	123320	148854	170000
Value Per Housing Unit@8 Less than $20,000	6	3	0	3	0
$20,000 to $39,999	19	12	2	4	0
$40,000 to $59,999	40	31	0	9	0
$60,000 to $79,999	34	30	1	3	0
$80,000 to $99,999	9	6	0	1	2
$100,000 to $124,999	16	11	0	4	0
$125,000 to $149,999	3	3	0	0	0
$150,000 to $174,999	3	3	0	0	0
$175,000 to $199,999	3	3	0	0	0
$200,000 to $249,999	0	0	0	0	0
$250,000 to $299,999	4	2	0	2	0
$300,000 to $499,999	1	1	0	0	0
$500,000 or more	0	0	0	0	0
Median	62434	64654	36171	52454	90000
Mean	75196	76335	48940	73416	85000
Value of Capital Improvements Properties with capital improvements between 1998 and 2000	87	63	4	18	2
Less than $500	0	0	0	0	0
$500 to $999	3	3	0	0	0
$1,000 to $2,499	8	3	2	3	0
$2,500 to $4,999	7	7	0	0	0
$5,000 to $7,499	15	10	0	3	2
$7,500 to $9,999	6	6	0	0	0
$10,000 to $14,999	16	8	0	8	0
$15,000 to $19,999	7	7	0	0	0
$20,000 to $29,999	10	6	0	5	0
$30,000 or more	15	14	1	0	0
Median	11511	11604	2212	12390	6250
Mean	18587	20173	31766	11879	7000
Properties with no capital improvements between 1998 and 2000	50	41	0	9	0
Capital improvements not reported	0	0	0	0	0
Value of Capital Improvements Per Unit Properties with capital improvements between 1998 and 2000	87	63	4	18	2
Less than $500	5	3	0	3	0
$500 to $999	0	0	0	0	0
$1,000 to $2,499	17	14	2	1	0
$2,500 to $4,999	17	13	0	2	2
$5,000 to $7,499	16	8	0	8	0
$7,500 to $9,999	7	7	0	0	0
$10,000 to $14,999	10	5	0	5	0
$15,000 to $19,999	5	5	0	0	0
$20,000 to $29,999	6	5	1	0	0
$30,000 or more	5	5	0	0	0
Median	5736	5760	2212	6195	3750
Mean	8941	9908	10795	5879	3500
Properties with no capital improvements between 1998 and 2000	50	41	0	9	0
Capital improvements not reported	0	0	0	0	0
Age Restrictions Property located in subdivision restricted to people age 55 or older	7	7	0	0	0
Property located in subdivision not restricted to people age 55 or older	129	98	4	25	2
Not reported	2	0	0	2	0
Neighborhood Composition Property located in subdivision or neighborhood occupied predominantly by people age 55 or older	9	5	0	4	0
Property located in subdivision or neighborhood not occupied predominantly by people age 55 or older	92	65	4	21	2
Don't know or not reported	36	34	0	2	0
Type of Property Benefits@1 Government-sponsored below-market interest rate mortgage loan	6	6	0	0	0
Other government grant or subsidy	0	0	0	0	0
Property tax relief	20	12	0	6	2
Subsidy from a non-profit corporation	0	0	0	0	0
None of the above benefits	90	70	4	17	0
Not reported	21	17	0	4	0
Source of Property Benefits@1 With property benefits	26	18	0	6	2
Federal government	6	6	0	0	0
State government	6	3	0	3	0
Local government	14	9	0	3	2
Non-profit corporation	0	0	0	0	0
Not reported	0	0	0	0	0
With no property benefits	90	70	4	17	0
Not reported	21	17	0	4	0
Reason for Benefits@1 With property benefits	26	18	0	6	2
Occupied by low- or moderate-income individuals	3	0	0	3	0
Occupied by elderly or disabled individuals	2	2	0	0	0
A historic structure	0	0	0	0	0
Located in a community development or economic development area	3	3	0	0	0
Covered by a Homestead Exemption	15	10	0	3	2
Covered by a Community Land Trust	0	0	0	0	0
Covered by disaster relief	0	0	0	0	0
Other reason	0	0	0	0	0
Not reported	3	3	0	0	0
With no property benefits	90	70	4	17	0
Not reported	21	17	0	4	0
OWNER CHARACTERISTICS Owner Status 1 owner	72	56	2	14	0
2 owners	63	47	1	13	2
3 or more owners	2	2	0	0	0
Age of Owner Under 25	3	3	0	0	0
25 to 34	19	10	0	8	0
35 to 44	30	23	0	7	0
45 to 54	39	29	2	5	2
55 to 64	24	18	1	4	0
65 to 74	12	12	0	0	0
75 and over	4	2	0	2	0
Not reported	7	7	0	0	0
Median	48	49	53	41	50
Race of Owner White alone	102	81	4	17	0
Black or African American alone	26	17	0	7	2
American Indian or Alaska Native alone	0	0	0	0	0
Asian alone	3	1	0	2	0
Native Hawaiian or Other Pacific Islander alone	3	3	0	0	0
Two or more races	3	3	0	0	0
Sex of Owner Male/Male and female co-owners	92	69	1	19	2
Female	45	35	2	8	0
Hispanic/Latino Origin Hispanic/Latino owner(s) only	26	16	2	5	2
No Hispanic/Latino owner(s)	111	89	1	21	0
Veteran Status@1 Veteran	29	23	0	7	0
Active member of Reserves or National Guard for at least 6 years	0	0	0	0	0
Persian Gulf War or after (August 1990 to present)	3	0	0	3	0
Vietnam or after (August 1964 to July 1990)	14	12	0	2	0
Korean conflict or after (July 1950 to July 1964)	7	5	0	2	0
World War II or after (September 1940 to June 1950)	5	5	0	0	0
Nonveteran	100	74	4	20	2
Not reported	8	8	0	0	0
Income Less than $5,000	14	12	0	2	0
$5,000 to $9,999	5	3	2	0	0
$10,000 to $14,999	2	2	0	0	0
$15,000 to $19,999	7	7	0	0	0
$20,000 to $24,999	8	5	0	3	0
$25,000 to $29,999	5	0	1	4	0
$30,000 to $34,999	11	6	0	4	0
$35,000 to $39,999	10	8	0	2	0
$40,000 to $49,999	21	14	0	4	2
$50,000 to $59,999	12	9	0	3	0
$60,000 to $79,999	15	13	0	2	0
$80,000 to $99,999	13	13	0	0	0
$100,000 to $119,999	11	9	0	3	0
$120,000 or more	3	3	0	0	0
Median	43179	46082	9042	36400	45000
Mean	48196	50833	14487	43123	40000
Owned Home Previously Previously owned home	69	57	1	9	2
Never owned home before	62	42	2	18	0
Not reported	5	5	0	0	0
MORTGAGE CHARACTERISTICS Method of Loan Application By computer over the Internet or by e-mail	0	0	0	0	0
By telephone or FAX	13	12	0	1	0
By regular mail	0	0	0	0	0
By personal visit	76	59	4	12	2
Through third party (such as real estate agent or builder)	36	24	0	12	0
Some other way	0	0	0	0	0
Not reported	11	10	0	2	0
Not available	0	0	0	0	0
Origin of First Mortgage Mortgage made at time property acquired	91	67	2	19	2
Mortgage assumed at the time property acquired	0	0	0	0	0
Mortgage placed later than acquisition of property	46	37	1	7	0
Refinanced mortgage	38	30	0	7	0
Same lender	11	7	0	5	0
Different lender	26	24	0	2	0
Mortgage placed on property owned free and clear of debt	9	7	1	0	0
Not available	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	46	37	1	7	0
Obtain lower interest rate	25	22	0	3	0
Increase payment period for mortgage	0	0	0	0	0
Reduce payment period for mortgage	0	0	0	0	0
Renew or extend loan that had fallen due, without increasing outstanding balance	0	0	0	0	0
Receive cash or increase outstanding balance of loan	16	10	1	4	0
Other reason	4	4	0	0	0
Not reported	2	2	0	0	0
Other properties	91	67	2	19	2
Not available	0	0	0	0	0
Cash Received From Refinancing or Placing Mortgage on Property Owned Free and Clear Properties on which cash received	23	16	1	5	0
Less than $20,000	17	13	0	5	0
$20,000 to $39,999	2	2	0	0	0
$40,000 to $59,999	0	0	0	0	0
$60,000 to $79,999	0	0	0	0	0
$80,000 to $99,999	0	0	0	0	0
$100,000 to $124,999	3	2	1	0	0
$125,000 to $149,999	0	0	0	0	0
$150,000 to $174,999	0	0	0	0	0
$175,000 to $199,999	0	0	0	0	0
$200,000 to $249,999	0	0	0	0	0
$250,000 to $299,999	0	0	0	0	0
$300,000 or more	0	0	0	0	0
Median	20000-	20000-	112500	20000-	20000-
Mean	25719	23980	100000	10738	0
Properties that refinanced and did not receive cash back	22	21	0	1	0
Properties that refinanced and did not report if received cash back	2	0	0	2	0
Properties that did not refinance	91	67	2	19	2
Not available	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	23	16	1	5	0
For additions, improvements or repairs to this property	11	9	0	2	0
To consolidate debts	17	11	1	5	0
For investment in other real estate	3	0	0	3	0
For other types of investments	0	0	0	0	0
For educational or medical expenses	0	0	0	0	0
To start a business	0	0	0	0	0
To settle a divorce	0	0	0	0	0
To pay taxes	3	3	0	0	0
To purchase an automobile, truck, or other vehicle	4	4	0	0	0
To purchase consumer product other than automobile, truck, or other vehicle	0	0	0	0	0
Other	0	0	0	0	0
Not reported	0	0	0	0	0
Properties that refinanced and did not receive cash back	22	21	0	1	0
Properties that refinanced and did not report if received cash back	2	0	0	2	0
Properties that did not refinance	91	67	2	19	2
Not available	0	0	0	0	0
Year First Mortgage Made or Assumed 1999 to 2001 (part)	55	41	4	11	0
1997 and 1998	30	23	0	7	0
1995 and 1996	18	10	0	5	2
1990 to 1994	25	25	0	0	0
1985 to 1989	3	3	0	1	0
1980 to 1984	5	3	0	3	0
1979 or earlier	0	0	0	0	0
First Mortgage Insurance Status FHA-insured first mortgage	8	6	0	2	0
VA-guaranteed first mortgage	1	1	0	0	0
Rural Housing Service-Rural Development- insured or -guaranteed first mortgage	0	0	0	0	0
Other federal, state, or local government-insured or guaranteed first mortgage	1	1	0	0	0
Insured conventional first mortgage	15	12	0	3	0
Uninsured conventional first mortgage	112	84	4	22	2
Not reported	0	0	0	0	0
Traditional First Mortgage Loan Less than $20,000	10	5	0	5	0
$20,000 to $29,999	2	0	0	2	0
$30,000 to $39,999	10	8	0	3	0
$40,000 to $49,999	9	8	0	1	0
$50,000 to $59,999	11	11	0	0	0
$60,000 to $79,999	32	23	2	6	0
$80,000 to $99,999	26	23	0	4	0
$100,000 to $149,999	20	14	1	3	2
$150,000 to $199,999	12	9	0	4	0
$200,000 to $249,999	5	5	0	0	0
$250,000 to $299,999	0	0	0	0	0
$300,000 or more	0	0	0	0	0
Not reported	0	0	0	0	0
Median	76974	77804	76171	70308	125000
Mean	84017	86046	77738	73786	120000
Total Mortgage Loan Less than $20,000	10	5	0	5	0
$20,000 to $29,999	2	0	0	2	0
$30,000 to $39,999	10	8	0	3	0
$40,000 to $49,999	6	5	0	1	0
$50,000 to $59,999	11	11	0	0	0
$60,000 to $79,999	35	26	2	6	0
$80,000 to $99,999	20	20	0	1	0
$100,000 to $149,999	24	15	1	6	2
$150,000 to $199,999	12	9	0	4	0
$200,000 to $249,999	7	7	0	0	0
$250,000 to $299,999	0	0	0	0	0
$300,000 or more	0	0	0	0	0
Not reported	0	0	0	0	0
Median	77229	78048	76171	70308	125000
Mean	88048	90594	77738	76694	120000
Traditional First Mortgage Outstanding Debt Less than $10,000	8	5	0	3	0
$10,000 to $19,999	6	2	0	4	0
$20,000 to $29,999	3	3	0	0	0
$30,000 to $39,999	13	10	0	3	0
$40,000 to $49,999	14	14	0	0	0
$50,000 to $59,999	5	5	0	0	0
$60,000 to $79,999	39	30	2	7	0
$80,000 to $99,999	16	12	1	3	0
$100,000 to $149,999	16	11	0	3	2
$150,000 to $199,999	16	12	0	4	0
$200,000 to $249,999	0	0	0	0	0
$250,000 to $299,999	0	0	0	0	0
$300,000 or more	0	0	0	0	0
Not reported	0	0	0	0	0
Median	69693	68607	76171	69003	125000
Mean	75535	76162	75791	69951	110988
Total Mortgage Outstanding Debt Less than $10,000	8	5	0	3	0
$10,000 to $19,999	6	2	0	4	0
$20,000 to $29,999	3	3	0	0	0
$30,000 to $39,999	12	9	0	3	0
$40,000 to $49,999	12	12	0	0	0
$50,000 to $59,999	5	5	0	0	0
$60,000 to $79,999	42	33	2	7	0
$80,000 to $99,999	10	9	1	0	0
$100,000 to $149,999	20	12	0	6	2
$150,000 to $199,999	15	11	0	4	0
$200,000 to $249,999	3	3	0	0	0
$250,000 to $299,999	0	0	0	0	0
$300,000 or more	0	0	0	0	0
Not reported	0	0	0	0	0
Median	70401	69608	76171	69003	125000
Mean	79243	80282	75791	72859	110988
Current Interest Rate on First Mortgage Less than 6.0 percent	42	33	2	5	2
6.0 percent	0	0	0	0	0
6.1 to 6.4 percent	0	0	0	0	0
6.5 to 6.9 percent	21	21	0	0	0
7.0 percent	16	8	0	8	0
7.1 to 7.4 percent	15	10	0	4	0
7.5 to 7.9 percent	12	9	0	3	0
8.0 percent	0	0	0	0	0
8.1 to 8.4 percent	3	2	0	2	0
8.5 to 8.9 percent	5	5	0	0	0
9.0 percent	0	0	0	0	0
9.1 to 9.4 percent	2	0	0	2	0
9.5 to 9.9 percent	5	3	1	1	0
10.0 percent	0	0	0	0	0
10.1 to 10.4 percent	3	3	0	0	0
10.5 to 10.9 percent	0	0	0	0	0
11.0 percent	0	0	0	0	0
11.1 to 12.9 percent	0	0	0	0	0
13.0 percent	0	0	0	0	0
13.1 percent or more	14	11	0	3	0
Not reported	0	0	0	0	0
Median	7.0	7.0	4.9	7.1	3.0
Type of Interest Rate Buydown Properties with interest rate buydown	0	0	0	0	0
Constant payment	0	0	0	0	0
3-2-1 buydown	0	0	0	0	0
Other	0	0	0	0	0
Not reported	0	0	0	0	0
Properties without interest rate buydown	76	58	1	16	0
Not reported	61	46	2	11	2
Term of First Mortgage Less than 5 years	0	0	0	0	0
5 years	1	0	1	0	0
6 to 9 years	0	0	0	0	0
10 years	2	2	0	0	0
11 to 14 years	3	3	0	0	0
15 years	22	21	0	1	0
16 to 19 years	0	0	0	0	0
20 years	3	3	0	0	0
21 to 24 years	0	0	0	0	0
25 years	6	3	0	3	0
26 to 29 years	0	0	0	0	0
30 years	45	32	0	12	0
More than 30 years	0	0	0	0	0
No stated term	55	40	2	11	2
Median	30	30	5	30	5-
Unexpired Term of First Mortgage Less than 5 years	6	5	0	1	0
5 to 9 years	7	5	1	0	0
10 to 14 years	10	10	0	0	0
15 to 19 years	12	12	0	0	0
20 to 24 years	14	11	0	3	0
25 to 29 years	28	16	0	12	0
30 or more years	6	6	0	0	0
No stated term or not computed	55	40	2	11	2
Median	22	20	7	26	5-
Holder of First Mortgage Commercial bank or trust company	20	10	4	7	0
Savings and loan association, federal savings bank	15	13	0	3	0
Mutual savings bank	0	0	0	0	0
Life insurance company	2	2	0	0	0
Mortgage banker or mortgage company	14	7	0	6	0
Federally-sponsored secondary market agency or pool	50	48	0	3	0
Conventional mortgage pool	5	3	0	2	0
Other federal agency	4	2	0	0	2
Real estate investment trust	0	0	0	0	0
Pension or retirement fund	0	0	0	0	0
Credit union	5	2	0	3	0
Finance company	3	3	0	0	0
State or municipal government or housing finance agency	16	13	0	3	0
Individual or individual's estate	3	3	0	0	0
Other	1	0	0	1	0
First Mortgage Loan as a Percent of Purchase Price Properties acquired by purchase with first mortgage made or assumed at time of purchase	91	67	2	19	2
Less than 40 percent	12	7	0	5	0
40 to 49 percent	2	2	0	0	0
50 to 59 percent	4	4	0	0	0
60 to 69 percent	6	6	0	0	0
70 to 79 percent	4	2	0	2	0
80 to 89 percent	13	7	2	3	0
90 to 94 percent	4	4	0	0	0
95 to 99 percent	12	10	0	3	0
100 percent or more	33	24	0	6	2
Not reported	0	0	0	0	0
Median	94	95	85	87	100+
Other properties	46	37	1	7	0
Not available	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	91	67	2	19	2
Less than 40 percent	11	5	0	6	0
40 to 49 percent	5	5	0	0	0
50 to 59 percent	2	2	0	0	0
60 to 69 percent	16	15	0	2	0
70 to 79 percent	6	4	0	2	0
80 to 89 percent	11	6	2	3	0
90 to 94 percent	8	6	0	3	0
95 to 99 percent	8	6	0	2	0
100 percent or more	24	19	0	3	2
Not reported	0	0	0	0	0
Median	85	85	85	80	100+
Other properties	46	37	1	7	0
Not available	0	0	0	0	0
First Mortgage Risk Subprime loan	9	4	0	5	0
Not subprime loan	128	101	4	22	2
Not reported	0	0	0	0	0
Index Used to Adjust Interest Rate on ARM Properties with adjustable rate first mortgage	29	0	0	27	2
Treasury security	11	0	0	11	0
Average cost of funds in bank district	1	0	0	1	0
National average cost of funds	0	0	0	0	0
OTS contract mortgage rate	0	0	0	0	0
Other method	4	0	0	4	0
No index used	0	0	0	0	0
Not reported	13	0	0	11	2
Other properties	108	104	4	0	0
Not reported	0	0	0	0	0
Frequency With Which Rate Can Be Adjusted Properties with adjustable rate first mortgage	29	0	0	27	2
Monthly	1	0	0	1	0
Every 3 months	0	0	0	0	0
Every 6 months	2	0	0	2	0
Yearly	10	0	0	10	0
Every 3 years	1	0	0	1	0
Every 5 years	0	0	0	0	0
Other	3	0	0	3	0
Not reported	13	0	0	11	2
Other properties	108	104	4	0	0
Not reported	0	0	0	0	0
Caps on Interest Rate Per Adjustment Period Properties with adjustable rate first mortgage	29	0	0	27	2
Less than 1 percent	2	0	0	2	0
1 percent	0	0	0	0	0
1.1 to 1.9 percent	3	0	0	3	0
2 percent	9	0	0	9	0
2.1 to 2.9 percent	1	0	0	1	0
3 percent	0	0	0	0	0
3.1 to 3.9 percent	0	0	0	0	0
4.0 percent or more	1	0	0	1	0
No caps	0	0	0	0	0
Not reported	14	0	0	12	2
Other properties	108	104	4	0	0
Not reported	0	0	0	0	0
Caps on Interest Rate Over Life of ARM Properties with adjustable rate first mortgage	29	0	0	27	2
Less than 1 percent	0	0	0	0	0
1 percent	0	0	0	0	0
1.1 to 1.9 percent	0	0	0	0	0
2 percent	1	0	0	1	0
2.1 to 2.9 percent	0	0	0	0	0
3 percent	0	0	0	0	0
3.1 to 3.9 percent	0	0	0	0	0
4.0 percent or more	14	0	0	14	0
No caps	0	0	0	0	0
Not reported	14	0	0	12	2
Other properties	108	104	4	0	0
Not reported	0	0	0	0	0
Interest Rate Changed Since Mortgage Made Properties with adjustable rate first mortgage	29	0	0	27	2
Yes, rate has changed	6	0	0	6	0
No change since mortgage made	10	0	0	10	0
Not reported	13	0	0	11	2
Other properties	108	104	4	0	0
Not reported	0	0	0	0	0
Percentage of Margin Over Index on ARM Properties with adjustable rate first mortgage	29	0	0	27	2
Less than 1 percent	0	0	0	0	0
1 percent	0	0	0	0	0
1.1 to 1.9 percent	0	0	0	0	0
2 percent	0	0	0	0	0
2.1 to 2.9 percent	11	0	0	11	0
3 percent	2	0	0	2	0
3.1 to 3.9 percent	1	0	0	1	0
4 percent	0	0	0	0	0
4.1 to 4.9 percent	0	0	0	0	0
5 percent or more	2	0	0	2	0
Not reported	13	0	0	11	2
Median	2.7	0.0	0.0	2.7	0.0
Other properties	108	104	4	0	0
Not reported	0	0	0	0	0
ARM Convertible to Fixed Rate Mortgage Properties with adjustable rate first mortgage	29	0	0	27	2
Can be converted	3	0	0	3	0
Cannot be converted	11	0	0	11	0
Not reported	15	0	0	12	2
Other properties	108	104	4	0	0
Not reported	0	0	0	0	0
Change in Monthly Interest and Principal Payments Other Than Change in Interest Rate Monthly payments can change (other than change in interest ra	6	0	0	6	0
Payments can change monthly	0	0	0	0	0
Payments can change every three months	0	0	0	0	0
Payments can change every six months	0	0	0	0	0
Payments can change yearly	3	0	0	3	0
Payments can change every 3 years	0	0	0	0	0
Payments can change every 5 years	0	0	0	0	0
Other	3	0	0	3	0
Not reported	0	0	0	0	0
Monthly payments cannot change	118	104	4	10	0
Not reported	13	0	0	11	2
First Mortgage Allows for Negative Amortization Monthly payments can change (other than change in interest rate)	6	0	0	6	0
Yes, unrestricted negative amortization	0	0	0	0	0
Yes, restricted negative amortization	0	0	0	0	0
No negative amortization allowed	6	0	0	6	0
Not reported	0	0	0	0	0
Monthly payments cannot change	118	104	4	10	0
Not reported	13	0	0	11	2
MORTGAGE PAYMENTS AND OTHER EXPENSES Method of Payment of First Mortgage Regular payments of interest and/or principal	135	104	2	27	2
Interest and principal	135	104	2	27	2
Fully amortized	131	102	0	27	2
Not fully amortized	4	2	2	0	0
Interest only	0	0	0	0	0
No regular payments required	1	0	1	0	0
Not reported	1	1	0	0	0
Items Included in First Mortgage Payment@1 Regular monthly payments of both interest and principal	135	104	2	27	2
Real estate taxes	60	48	0	13	0
Property insurance	48	35	0	13	0
Mortgage insurance	14	11	0	3	0
Other	31	24	0	7	0
No items included or not reported	72	53	2	14	2
No regular payments of interest and principal	2	1	1	0	0
Monthly Interest and Principal Payments on First Mortgage Monthly payments of interest and/or principal	135	104	2	27	2
Less than $100	0	0	0	0	0
$100 to $199	4	3	0	2	0
$200 to $299	9	8	0	1	0
$300 to $399	15	13	0	2	0
$400 to $499	11	8	0	3	0
$500 to $599	16	11	2	3	0
$600 to $699	12	9	0	3	0
$700 to $799	17	11	0	6	0
$800 to $899	16	16	0	0	0
$900 to $999	8	6	0	3	0
$1,000 to $1,249	10	4	0	6	0
$1,250 to $1,499	10	8	0	0	2
$1,500 or more	6	6	0	0	0
Median	705	693	550	726	1375
Mean	741	740	500	716	1259
No regular payments required	1	0	1	0	0
Not reported	1	1	0	0	0
Current First Mortgage Payment Status Regular monthly payments of principal and/or interest	136	104	2	27	2
Up-to-date, ahead of schedule, or less than 90 days past due	70	54	0	16	0
Delinquent by 90 days or more	3	3	0	0	0
Legal proceedings have begun	0	0	0	0	0
Legal proceedings have not begun	3	3	0	0	0
Not reported	0	0	0	0	0
Not reported	63	48	2	11	2
Other properties	1	0	1	0	0
Monthly Interest and Principal Payments on Total Mortgages Regular monthly payments of interest and/or principal	135	104	2	27	2
Less than $100	0	0	0	0	0
$100 to $199	4	3	0	2	0
$200 to $299	8	7	0	1	0
$300 to $399	15	13	0	2	0
$400 to $499	11	8	0	3	0
$500 to $599	17	12	2	3	0
$600 to $699	12	9	0	3	0
$700 to $799	9	7	0	3	0
$800 to $899	11	11	0	0	0
$900 to $999	16	10	0	6	0
$1,000 to $1,249	11	6	0	5	0
$1,250 to $1,499	12	8	0	2	2
$1,500 or more	9	9	0	0	0
Median	710	693	550	759	1375
Mean	780	778	500	770	1259
No regular monthly payments required	2	1	1	0	0
Interest and Principal Payments on Total Mortgages as Percent of Income Regular monthly payments of interest and/or principal	135	104	2	27	2
Less than 5 percent	3	3	0	0	0
5 to 9 percent	13	9	0	4	0
10 to 14 percent	19	17	0	2	0
15 to 19 percent	27	23	0	4	0
20 to 24 percent	19	14	0	5	0
25 to 29 percent	13	13	0	0	0
30 to 34 percent	9	6	0	3	0
35 to 39 percent	9	2	0	4	2
40 to 49 percent	3	0	0	3	0
50 percent or more	8	5	2	1	0
Not reported or not computed	13	12	0	1	0
Median	19.7	18.6	49.5+	22.7	37.5
No regular monthly payments required	2	1	1	0	0