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Residential Finance Survey: 2001 - United States
Table 4-5. First Mortgage Loan, Rental and Vacant 1-Housing-Unit Mortgaged Properties
^Number of mortgaged properties in thousands.
Mortgage made 1997 to 2001 (part).
For information on confidentiality protection, sampling error, nonsampling error, and definitions, see text.
For minimum base for derived figures (percent, median, etc.) and meaning of symbols, see text.
Monthly Rental Receipts and Interest and Principal Payments on Total Mortgages as Percent of Rental Receipts acquired before 2000 excludes properties with less than half of units in rental market during all of year preceding survey and cooperatively owned properties^^

Amount of first mortgage loan
Total Less
than
$20,000
$20,000
to
$29,999
$30,000
to
$39,999
$40,000
to
$49,999
$50,000
to
$59,999
$60,000
to
$79,999
$80,000
to
$99,999
$100,000
to
$149,999
$150,000
to
$199,999
$200,000
to
$249,999
$250,000
to
$299,999
$300,000
or
more
Not
reported
Median
(dollars)

1-housing-unit properties with a
traditional first mortgage
4129 353 361 416 374 432 560 396 624 307 120 39 54 94 62896

PROPERTY CHARACTERISTICS


Year Structure Built

1999 to March 2000
138 8 8 0 7 7 14 12 10 32 10 5 7 17 118696
1997 and 1998 152 7 7 0 12 25 17 18 36 15 2 8 6 0 89197
1995 and 1996 124 10 0 4 9 0 26 15 51 0 0 5 0 5 94389
1990 to 1994 265 20 0 12 21 5 24 47 77 27 7 6 8 11 99020
1980 to 1989 554 21 11 37 64 81 113 82 79 47 0 0 7 13 70033
1970 to 1979 676 52 61 55 68 97 84 60 88 55 29 0 15 12 59991
1960 to 1969 472 45 78 38 46 42 36 31 108 28 5 7 8 0 56809
1950 to 1959 695 59 92 68 49 108 128 45 75 36 22 0 0 14 56762
1940 to 1949 415 57 44 94 41 26 53 10 38 30 12 9 0 0 42925
1939 or earlier 637 74 60 109 57 41 63 75 63 37 31 0 3 22 51703

Purchase Price

Properties acquired by
purchase 1997 to 2001 (part)
1560 112 119 154 124 102 241 154 283 125 62 27 25 32 72737
Less than $20,000 115 82 16 17 0 0 0 0 0 0 0 0 0 0 13935
$20,000 to $39,999 226 14 91 88 25 0 0 0 0 0 0 0 0 7 30443
$40,000 to $59,999 204 0 7 44 66 26 17 11 0 8 0 0 13 12 46787
$60,000 to $79,999 228 0 5 5 33 43 106 0 23 12 0 0 0 0 65152
$80,000 to $99,999 163 13 0 0 0 8 75 49 6 0 6 0 0 7 75331
$100,000 to $124,999 125 0 0 0 0 13 17 52 43 0 0 0 0 0 92459
$125,000 to $149,999 169 0 0 0 0 0 0 42 122 6 0 0 0 0 117599
$150,000 to $174,999 48 0 0 0 0 0 6 0 28 14 0 0 0 0 132475
$175,000 to $199,999 96 0 0 0 0 12 15 0 29 40 0 0 0 0 135512
$200,000 to $249,999 88 0 0 0 0 0 0 0 26 33 19 5 0 5 173360
$250,000 to $299,999 44 2 0 0 0 0 0 0 6 12 18 5 0 0 204266
$300,000 to $499,999 27 0 0 0 0 0 0 0 0 1 12 9 6 0 256727
$500,000 or more 27 0 0 0 0 0 5 0 0 0 8 8 6 0 252563
Median 80933 13573 29583 33732 51228 71439 79521 108182 139306 189517 268301 371162 59484 53870 ...
Mean 106508 27280 26857 34573 50230 84963 96390 107833 143091 176149 291044 379367 253301 81875 215148
Other properties 2569 241 242 262 250 330 318 242 341 181 57 12 29 62 57801

Purchase Price as Percent of Value@8

Acquired by purchase
3799 292 340 386 349 374 517 385 592 289 110 34 47 84 64516
Purchased 1997 to 2001 (part) 1560 112 119 154 124 102 241 154 283 125 62 27 25 32 72737
Less than 60 percent 231 31 27 66 30 0 14 17 6 7 19 0 6 7 38264
60 to 69 percent 171 6 6 11 37 6 26 10 44 18 0 5 0 0 74288
70 to 79 percent 236 12 30 38 12 6 47 26 29 23 5 8 0 0 68699
80 to 99 percent 549 11 26 32 40 63 81 69 121 60 26 8 12 0 86211
100 percent or more 373 51 30 7 5 27 73 32 82 18 12 6 7 25 74829
Median 85 92 79 70 69 92 88 87 90 85 85 80 91 3274 ...
Purchased 1990 to 1996 (part) 1163 90 96 78 112 151 138 170 174 81 28 7 11 28 66042
Less than 40 percent 106 20 16 13 13 8 6 12 18 0 0 0 0 0 42973
40 to 59 percent 201 18 6 6 13 55 28 17 21 22 0 0 0 14 59005
60 to 79 percent 416 28 46 51 25 54 28 79 44 42 13 7 0 0 63213
80 to 99 percent 247 7 21 0 19 28 42 39 58 5 11 0 3 13 79802
100 percent or more 193 18 6 7 42 6 34 23 34 12 4 0 8 0 70558
Median 73 65 71 68 85 65 83 74 82 69 82 70 2862 59 ...
Purchased 1989 or earlier 1075 90 125 155 113 121 138 61 135 82 20 0 11 25 53517
Less than 20 percent 121 12 0 6 8 32 19 0 28 13 0 0 3 0 62605
20 to 39 percent 151 0 36 17 22 7 39 8 15 8 0 0 0 0 51532
40 to 59 percent 285 17 20 56 28 29 19 28 37 31 6 0 7 6 56102
60 to 79 percent 253 19 49 49 13 17 24 12 43 14 7 0 0 6 44620
80 to 99 percent 122 17 5 19 24 7 25 7 12 5 0 0 0 0 48067
100 percent or more 143 24 15 8 17 29 13 6 0 12 7 0 1 12 50550
Median 59 76 63 60 59 55 52 56 53 53 71 0 46 79 ...
Not acquired by purchase 331 62 22 30 25 58 43 10 32 18 9 6 8 9 53848

Monthly Rental Receipts

Acquired before 2000
3528 299 307 382 346 395 465 351 490 264 78 20 48 82 59824
Less than $100 86 44 6 7 12 9 7 0 0 0 0 0 0 0 19398
$100 to $199 112 29 21 7 13 6 7 5 14 0 11 0 0 0 38829
$200 to $299 122 46 34 29 0 6 0 0 0 5 0 0 0 0 24223
$300 to $399 295 60 89 64 11 14 15 0 20 8 0 0 7 7 29516
$400 to $499 364 16 53 97 66 48 25 0 7 8 4 0 6 33 39893
$500 to $599 365 11 35 66 70 79 48 15 21 12 3 0 0 6 49670
$600 to $799 624 29 29 67 101 94 164 65 45 13 0 0 0 17 58174
$800 to $999 360 13 23 0 15 54 86 99 48 7 7 0 0 7 76607
$1000 or more 928 20 1 30 25 48 101 163 258 188 34 20 28 12 113576
No rental receipts 272 32 16 15 33 35 11 4 77 23 19 0 8 0 70243
Median 691 324 395 479 578 635 752 980 1993261 3588555 1351010 5000500 2778307 518 ...
Mean 1708 395 499 530 1178 611 882 1054 5730 1929 6412 1785 4441 704 197795
Acquired 2000 and 2001 (part) 602 54 54 34 28 37 95 45 134 42 42 19 6 12 78561

Age Restrictions

Property restricted to people
age 55 or older
403 23 31 43 7 43 96 74 45 28 13 0 0 0 71414
Property not restricted to people
age 55 or older
3559 308 322 361 345 375 444 315 550 269 100 39 54 78 61339
Not reported 168 22 8 13 22 14 19 7 29 9 7 0 0 16 57358

OWNER CHARACTERISTICS


Type of Owner

Individual investor(s)
3491 275 331 377 333 388 452 299 551 244 97 31 47 64 60371
Limited partnership 236 28 13 0 16 7 40 29 29 43 12 0 0 18 83645
Joint venture 30 0 0 6 0 7 0 6 6 0 5 0 0 0 86977
General partnership 50 6 0 11 6 0 4 10 6 0 0 0 0 6 48239
Life insurance company 14 0 0 6 0 0 0 0 8 0 0 0 0 0 104960
Depository institution 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Public real estate investment trust 11 0 0 7 0 0 0 4 0 0 0 0 0 0 38155
Private real estate investment trust 5 0 0 5 0 0 0 0 0 0 0 0 0 0 35000
Corporation - other than real estate
investment trust
177 27 7 0 13 22 51 21 4 20 5 0 7 0 67630
Housing cooperative organization 5 0 0 0 0 0 0 0 0 0 0 0 0 5 0
Non-profit or church-related institution 54 11 4 0 6 8 6 7 11 0 0 0 0 0 57523
Pension fund 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Fraternal organization 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other 57 6 7 4 0 0 7 18 8 0 0 8 0 0 85689

MORTGAGE CHARACTERISTICS


Number of Mortgages

1 mortgage
3696 302 316 386 324 399 520 347 576 281 97 25 41 82 63060
2 mortgages 369 51 25 30 50 27 33 48 40 26 7 7 14 12 58405
3 or more mortgages 64 0 20 0 0 6 6 0 9 0 15 8 0 0 78393

Form of Debt of First Mortgage

Mortgage or deed of trust
4129 353 361 416 374 432 560 396 624 307 120 39 54 94 62896
Contract to purchase 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

Method of Loan Application

By computer over the Internet or
by e-mail
31 0 0 0 6 0 13 0 6 0 0 7 0 0 75168
By telephone or FAX 466 26 6 20 34 56 108 30 106 23 27 14 3 13 75582
By regular mail 114 5 0 13 0 22 10 10 23 13 6 0 3 9 84113
By personal visit 2390 198 263 273 212 276 277 199 325 234 58 18 28 29 58486
Through third party (such as real
estate agent or builder)
557 42 36 30 26 51 99 88 93 33 25 0 20 14 77374
Some other way 55 20 7 0 3 0 0 13 12 0 0 1 0 0 43722
Not reported 309 18 20 55 52 19 31 40 50 1 0 0 0 22 49639
Not available 207 45 29 24 41 7 20 17 10 3 4 0 0 7 40538

Origin of First Mortgage

Mortgage made at time property acquired
3032 259 266 312 277 299 424 311 466 191 103 33 25 66 63269
Mortgage assumed at the time property
acquired
292 49 29 41 50 19 31 37 10 9 4 0 0 13 44039
Mortgage placed later than acquisition of
property
805 44 67 62 47 114 105 48 148 106 13 7 30 14 71515
Refinanced mortgage 696 13 63 56 39 100 93 36 134 98 13 7 30 14 74953
Same lender 184 0 13 10 19 28 18 0 55 20 7 0 14 0 103900
Different lender 512 13 50 46 20 72 75 36 79 77 6 7 16 14 72610
Mortgage placed on property
owned free and clear of debt
109 31 4 6 8 14 12 11 14 8 0 0 0 0 53656
Not available 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
805 44 67 62 47 114 105 48 148 106 13 7 30 14 71515
Obtain lower interest rate 428 0 25 23 14 64 57 18 125 61 6 0 26 9 103178
Increase payment period for mortgage 13 0 0 0 0 0 6 0 0 7 0 0 0 0 154632
Reduce payment period for mortgage 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Renew or extend loan that had fallen
due, without increasing outstanding
balance
10 0 7 0 0 0 0 0 0 0 0 0 3 0 27583
Receive cash or increase outstanding
balance of loan
230 31 23 34 14 22 30 25 15 16 7 7 0 6 54637
Other reason 89 6 4 5 13 21 12 5 8 15 0 0 0 0 57918
Not reported 35 7 9 0 7 6 0 0 0 7 0 0 0 0 43254
Other properties 3324 309 295 354 327 318 454 348 476 201 107 33 25 79 60901
Not available 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
325 25 32 46 18 41 50 30 30 33 7 7 0 6 59432
Less than $20,000 135 25 13 27 13 13 13 14 6 5 0 0 0 6 39659
$20,000 to $39,999 76 0 19 12 5 7 13 4 0 16 0 0 0 0 53162
$40,000 to $59,999 49 0 0 7 0 12 0 0 17 13 0 0 0 0 115457
$60,000 to $79,999 34 0 0 0 0 9 18 0 0 0 0 7 0 0 68662
$80,000 to $99,999 11 0 0 0 0 0 0 11 0 0 0 0 0 0 90000
$100,000 to $124,999 20 0 0 0 0 0 6 0 6 0 7 0 0 0 128967
$125,000 to $149,999 0 0 0 0 0 0 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
$175,000 to $199,999 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
$250,000 to $299,999 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
Median 27203 10000 23108 16894 14061 41409 38766 23514 50112 34761 112500 70000 0 10000 ...
Mean 32949 10225 18859 21277 6386 35940 45667 42775 52072 29813 100000 65000 0 3000 131570
Properties that refinanced
and did not receive cash back
362 6 16 17 15 42 45 18 96 64 6 0 30 9 109850
Properties that refinanced
and did not report if received
cash back
118 13 19 0 15 31 10 0 22 8 0 0 0 0 54075
Properties that did not
refinance
3324 309 295 354 327 318 454 348 476 201 107 33 25 79 60901
Not available 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
325 25 32 46 18 41 50 30 30 33 7 7 0 6 59432
For additions, improvements or repairs
to this property
91 10 7 22 6 7 0 12 6 21 0 0 0 0 51222
To consolidate debts 88 9 6 0 6 16 7 19 8 5 0 7 0 6 72708
For investment in other real estate 91 0 0 18 7 19 19 6 7 8 7 0 0 0 62574
For other types of investments 31 0 6 6 5 0 6 0 0 7 0 0 0 0 46183
For educational or medical expenses 7 7 0 0 0 0 0 0 0 0 0 0 0 0 10001
To start a business 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
To settle a divorce 8 0 0 0 0 0 0 0 0 8 0 0 0 0 175000
To pay taxes 6 0 6 0 0 0 0 0 0 0 0 0 0 0 25000
To purchase an automobile, truck, or
other vehicle
8 0 0 0 0 6 0 0 2 0 0 0 0 0 56540
To purchase consumer product other than
automobile, truck, or other vehicle
6 0 0 0 0 6 0 0 0 0 0 0 0 0 55000
Other 54 9 13 0 0 6 18 0 8 0 0 0 0 0 58586
Not reported 5 0 0 0 0 0 0 5 0 0 0 0 0 0 90000
Properties that refinanced
and did not receive cash back
362 6 16 17 15 42 45 18 96 64 6 0 30 9 109850
Properties that refinanced
and did not report if received
cash back
118 13 19 0 15 31 10 0 22 8 0 0 0 0 54075
Properties that did not
refinance
3324 309 295 354 327 318 454 348 476 201 107 33 25 79 60901
Not available 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Current Interest Rate on First Mortgage

Less than 6.0 percent
1606 168 123 162 169 158 188 154 204 109 48 27 32 66 59401
6.0 percent 27 0 0 13 0 0 10 0 0 5 0 0 0 0 61477
6.1 to 6.4 percent 54 0 0 0 6 6 0 21 14 0 6 0 0 0 93593
6.5 to 6.9 percent 165 0 9 21 14 36 12 4 28 25 11 0 6 0 63987
7.0 percent 282 13 34 29 22 20 33 37 60 18 9 0 0 7 72410
7.1 to 7.4 percent 221 8 6 7 21 38 26 26 46 44 0 0 0 0 84365
7.5 to 7.9 percent 262 10 7 19 13 27 59 34 69 10 8 0 6 0 78746
8.0 percent 132 0 12 26 6 24 32 5 20 7 0 0 1 0 59061
8.1 to 8.4 percent 119 4 30 7 10 7 28 10 19 0 4 0 0 0 61053
8.5 to 8.9 percent 176 4 17 19 14 21 39 14 15 14 13 0 0 6 65117
9.0 percent 70 0 6 5 0 13 21 8 4 13 0 0 0 0 70851
9.1 to 9.4 percent 86 9 10 21 4 14 13 0 8 0 0 7 0 0 48118
9.5 to 9.9 percent 51 16 5 0 7 5 0 6 12 0 0 0 0 0 46122
10.0 percent 22 14 0 0 7 0 0 0 0 0 0 0 0 0 15120
10.1 to 10.4 percent 27 6 8 0 0 7 0 0 6 0 0 0 0 0 29733
10.5 to 10.9 percent 23 0 0 5 7 0 10 0 0 0 0 0 0 0 48411
11.0 percent 81 12 22 0 11 6 6 10 3 0 6 0 3 0 44893
11.1 to 12.9 percent 78 6 4 7 22 0 8 13 13 5 0 0 0 0 61839
13.0 percent 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
13.1 percent or more 648 83 70 76 42 48 75 52 102 57 17 6 7 14 59712
Not reported 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Median 7.1 7.1 8.0 7.0 6.9 7.1 7.6 7.1 7.2 7.1 6.8 4.4 5.1 4.2 ...

Type of Interest Rate Buydown

Properties with interest rate
buydown
41 0 9 7 0 0 10 0 0 15 0 0 0 0 68611
Constant payment 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
3-2-1 buydown 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other 5 0 0 0 0 0 0 0 0 5 0 0 0 0 175000
Not reported 35 0 9 7 0 0 10 0 0 9 0 0 0 0 63392
Properties without interest
rate buydown
1489 70 115 146 153 185 253 111 278 112 35 12 20 0 66039
Not reported 2599 283 237 263 222 247 296 285 346 180 85 27 34 94 60004

Term of First Mortgage

Less than 5 years
37 17 0 0 0 0 0 0 6 8 0 6 1 0 114027
5 years 49 6 7 0 0 15 7 0 14 0 0 0 0 0 58179
6 to 9 years 22 9 0 7 6 0 0 0 0 0 0 0 0 0 33252
10 years 69 11 16 0 8 8 14 5 6 0 0 0 0 0 49344
11 to 14 years 18 0 0 12 0 0 0 0 0 5 0 0 0 0 37171
15 years 314 18 24 75 27 60 30 21 43 16 0 0 0 0 52166
16 to 19 years 4 0 0 0 0 0 0 0 0 0 4 0 0 0 225000
20 years 89 6 16 0 16 0 15 0 23 13 0 0 0 0 68694
21 to 24 years 5 0 0 0 0 0 0 0 0 5 0 0 0 0 175000
25 years 27 0 8 5 0 0 0 0 12 0 1 0 0 0 100517
26 to 29 years 9 0 9 0 0 0 0 0 0 0 0 0 0 0 25000
30 years 1301 46 70 92 129 143 240 147 238 117 44 7 19 10 73826
More than 30 years 25 7 18 0 0 0 0 0 0 0 0 0 0 0 23161
No stated term 2161 234 193 225 189 206 253 222 281 143 70 27 34 83 59591
Median 30 16 30 25 30 30 30 30 30 30 30 30 30 31 ...

Servicer of First Mortgage

Commercial bank or trust company
932 92 99 114 93 77 172 79 101 69 9 0 10 18 57705
Savings and loan association, federal
savings bank
461 38 23 34 43 53 71 51 50 53 36 0 0 9 69642
Mutual savings bank 77 0 21 0 10 6 5 0 8 6 12 8 0 0 65280
Life insurance company 77 0 6 0 14 19 0 0 30 0 2 0 0 6 58043
Mortgage banker or mortgage company 1907 163 121 178 161 219 271 203 333 120 42 15 35 46 66543
Federally-sponsored secondary market
agency or pool
0 0 0 0 0 0 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
Other federal agency 145 19 26 16 15 6 4 6 32 14 0 5 0 0 46971
Real estate investment trust 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Pension or retirement fund 6 0 0 0 0 0 6 0 0 0 0 0 0 0 70000
Credit union 130 0 16 25 8 11 13 15 20 5 7 0 0 9 61164
Finance company 81 6 11 29 17 0 0 0 5 0 0 0 6 6 36923
State or municipal government or
housing finance agency
171 22 13 0 7 18 7 35 17 27 10 11 3 0 90532
Individual or individual's estate 84 13 4 12 0 22 10 0 15 7 0 0 0 0 55574
Other 58 0 20 7 6 0 0 6 14 5 0 0 0 0 43118

Holder's Acquisition of First Mortgage

Originated directly from borrower
2107 199 215 221 213 200 283 188 251 186 50 26 34 41 59291
Purchased from present servicer 1060 112 75 105 78 128 141 98 203 23 49 0 17 30 62319
Purchased from someone else 962 42 71 90 84 104 135 110 170 98 20 13 3 23 71658
Not reported 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
3056 253 273 324 301 289 418 343 444 191 98 27 25 70 62500
Less than 40 percent 72 39 10 0 0 12 6 0 0 0 6 0 0 0 18550
40 to 49 percent 84 6 18 0 6 14 21 0 9 0 3 8 0 0 58912
50 to 59 percent 112 12 13 17 11 13 26 4 12 1 0 0 3 0 52766
60 to 69 percent 314 30 27 62 28 23 24 79 24 7 11 0 0 0 54582
70 to 79 percent 357 6 43 26 19 25 38 57 88 29 18 0 8 0 87885
80 to 89 percent 562 51 32 44 83 51 98 81 68 41 3 9 0 0 63946
90 to 94 percent 209 0 15 5 29 11 43 24 35 32 14 0 0 0 80297
95 to 99 percent 248 18 18 17 11 34 28 39 63 13 7 0 1 0 78672
100 percent or more 1026 92 97 152 115 107 135 57 145 69 35 10 13 0 55374
Not reported 70 0 0 0 0 0 0 0 0 0 0 0 0 70 0
Median 90 87 88 97 91 93 90 84 93 93 93 86 3735 0 ...
Other properties 1074 100 88 92 73 143 142 53 180 115 22 12 30 24 64066
Not available 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
3056 253 273 324 301 289 418 343 444 191 98 27 25 70 62500
Less than 40 percent 60 25 13 0 0 10 6 0 0 0 6 0 0 0 23698
40 to 49 percent 108 10 14 11 3 7 28 11 16 0 1 8 0 0 66021
50 to 59 percent 111 12 7 22 8 12 26 8 6 0 5 0 3 0 55285
60 to 69 percent 547 75 74 73 48 34 59 74 67 17 24 0 0 0 50633
70 to 79 percent 518 12 44 52 57 60 59 62 86 49 24 0 14 0 71803
80 to 89 percent 553 34 30 46 82 48 88 86 73 55 3 8 0 0 68348
90 to 94 percent 154 0 11 0 17 0 28 23 41 19 14 0 0 0 97780
95 to 99 percent 228 7 22 5 11 28 34 40 62 13 7 0 1 0 84142
100 percent or more 707 78 57 115 75 90 92 38 92 38 14 11 7 0 53158
Not reported 70 0 0 0 0 0 0 0 0 0 0 0 0 70 0
Median 83 73 76 81 84 84 84 82 86 85 76 87 76 0 ...
Other properties 1074 100 88 92 73 143 142 53 180 115 22 12 30 24 64066
Not available 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

First Mortgage Risk

Subprime loan
301 31 16 39 42 22 49 31 29 21 14 0 7 0 60312
Not subprime loan 3828 322 346 378 332 409 511 365 595 285 105 39 48 94 63143
Not reported 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
260 99 47 35 24 7 33 5 5 0 4 0 0 0 26445
20 to 29 percent 276 26 42 58 27 22 44 23 21 14 0 0 0 0 44742
30 to 39 percent 314 34 23 50 16 75 27 27 33 8 15 0 0 6 54080
40 to 49 percent 526 39 35 59 47 60 58 52 93 51 11 0 19 0 67482
50 to 59 percent 758 49 58 61 118 97 67 77 128 70 22 8 0 0 59443
60 to 69 percent 416 10 38 68 23 50 53 70 63 23 0 0 6 12 64976
70 to 79 percent 621 20 45 45 60 68 140 67 128 39 9 0 1 0 70300
80 to 89 percent 387 11 27 22 42 22 95 38 79 30 9 12 0 0 74706
90 to 99 percent 211 33 19 0 11 19 38 16 36 13 13 13 0 0 72799
100 percent or more 269 16 26 18 6 12 5 20 37 57 38 6 28 0 142020
Not reported or not computed 90 14 0 0 0 0 0 0 0 0 0 0 0 76 10001
Median 58 42 56 51 56 55 70 62 65 64 80 89 3513 62 ...

MORTGAGE PAYMENTS AND OTHER EXPENSES


Items Included in First Mortgage
Payment@1

Regular monthly payments of
both interest and principal
3870 335 340 377 340 410 552 382 608 298 116 34 47 32 64237
Real estate taxes 943 22 63 63 103 115 157 101 198 70 38 0 6 6 73058
Property insurance 901 30 56 70 96 120 150 103 191 60 19 0 0 6 70055
Mortgage insurance 190 5 15 4 19 10 40 39 39 11 8 0 0 0 80678
Other 320 6 29 25 52 36 40 45 61 8 12 0 0 6 64413
No items included or not reported 2860 305 273 295 230 283 394 273 403 226 77 34 40 26 61553
No regular payments of interest
and principal
259 18 22 39 35 22 8 14 16 8 4 6 8 62 45869

Interest and Principal Payment on Total
Mortgages as Percent of Rental Receipts

Acquired before 2000 and regular
payments of interest and/or
principal
3323 282 286 348 326 380 457 343 477 264 74 20 40 25 61188
Less than 20 percent 132 5 1 6 11 25 17 9 41 5 5 0 7 0 83664
20 to 29 percent 104 12 18 24 15 13 14 6 0 0 2 0 0 0 39411
30 to 39 percent 151 18 18 8 21 12 11 13 9 16 12 0 13 0 58930
40 to 49 percent 301 16 40 34 25 31 68 44 6 30 7 0 0 0 61014
50 to 59 percent 278 35 34 18 40 50 24 22 33 22 0 0 0 0 52300
60 to 69 percent 350 23 18 61 36 38 35 57 48 24 1 0 1 6 58674
70 to 79 percent 258 16 16 39 17 53 34 25 27 18 0 5 0 6 57019
80 to 89 percent 286 12 53 35 21 7 62 32 37 22 0 0 0 7 63892
90 to 99 percent 235 6 4 32 36 7 38 53 39 20 0 0 0 0 76798
100 percent or more 882 68 60 70 58 99 135 77 160 85 28 15 20 6 72237
Not reported or not computed 345 70 22 21 45 45 18 4 77 23 19 0 0 0 53025
Median 77 68 72 73 68 70 82 77 90 82 2267 32947 70 80 ...
Other properties 807 72 75 68 48 52 103 52 147 42 46 19 14 69 70493

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