U.S. Department of Commerce

Residential Finance Survey

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Residential Finance Survey: 2001 - United States
Table 5-4. Holder of First Mortgage, Rental and Vacant 2- to 4-Housing-Unit Mortgaged Properties
^Number of mortgaged properties in thousands.
For information on confidentiality protection, sampling error, nonsampling error, and definitions, see text.
For minimum base of derived figures (percent, median, etc.) and meaning of symbols, see text.
Value Per Housing Unit, Rental Receipts as Percent of Value, Rental Vacancy Losses as Percent of Potential Receipts, Monthly Rental Receipts Per Housing Unit, Interest and Principal Payments on First Mortgage as Percent of Rental Receipts, and Real Estate Tax as Percent of Rental Receipts acquired before 2000 exclude properties with less than half the units in rental market during all of the year preceding survey and cooperatively owned properties^^

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

2- to 4-housing-unit properties
with a traditional first mortgage
1118 179 166 45 21 65 424 9 27 4 0 36 13 68 35 25

PROPERTY CHARACTERISTICS


Property Location by Geographic Area

Inside MAs
933 126 136 42 21 55 371 9 23 4 0 30 9 59 30 18
In central cities 506 74 80 13 9 35 194 9 17 3 0 20 5 23 18 6
Not in central cities 427 52 56 29 12 20 176 0 6 1 0 10 4 36 12 12
Outside MAs 185 54 30 3 0 10 54 0 4 0 0 7 4 9 5 7

Number of Housing Units

2 housing units
779 118 113 36 12 53 292 4 19 3 0 28 10 56 19 15
3 housing units 152 22 27 6 5 3 64 1 3 0 0 5 1 4 7 4
4 housing units 187 39 26 3 4 9 68 3 4 1 0 3 2 7 9 6

Year Structure Built

1999 to March 2000
19 4 3 1 0 0 9 0 0 1 0 1 0 0 0 0
1997 and 1998 17 2 0 2 0 0 13 0 0 0 0 0 0 0 0 0
1995 and 1996 22 2 5 0 0 1 10 0 0 0 0 0 0 0 0 4
1990 to 1994 49 10 7 0 0 4 14 0 0 0 0 4 0 10 0 0
1980 to 1989 134 24 14 2 13 17 39 0 6 0 0 2 0 13 3 0
1970 to 1979 136 27 18 4 1 7 50 1 3 0 0 3 3 9 8 1
1960 to 1969 119 23 17 3 5 3 43 0 3 0 0 3 4 9 3 3
1950 to 1959 136 25 19 6 0 3 47 3 9 0 0 5 0 10 5 4
1940 to 1949 94 11 17 7 2 2 44 3 0 0 0 1 0 0 0 6
1939 or earlier 393 50 67 20 0 28 156 1 6 3 0 17 6 17 15 6

Purchase Price Per Housing Unit@8

Properties acquired by
purchase 1997 to 2001 (part)
410 87 59 28 5 16 130 2 1 4 0 24 8 24 16 6
Less than $20,000 51 19 10 0 0 0 19 0 0 0 0 2 1 0 0 0
$20,000 to $39,999 141 19 28 14 0 3 39 0 1 1 0 10 3 12 2 6
$40,000 to $59,999 80 26 5 3 0 7 27 0 0 0 0 5 4 0 3 0
$60,000 to $79,999 66 10 6 7 4 6 16 2 0 0 0 3 0 9 3 0
$80,000 to $99,999 28 0 0 0 0 0 13 0 0 3 0 2 0 4 6 0
$100,000 to $124,999 18 3 4 0 0 0 9 0 0 0 0 0 0 0 2 0
$125,000 to $149,999 5 2 3 0 0 0 0 0 0 0 0 0 0 0 0 0
$150,000 to $174,999 6 0 0 0 0 0 4 0 0 0 0 1 0 0 0 0
$175,000 to $199,999 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
$200,000 to $249,999 4 3 0 1 0 0 0 0 0 0 0 0 0 0 0 0
$250,000 to $299,999 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
$300,000 to $499,999 6 0 3 3 0 0 0 0 0 0 0 0 0 0 0 0
$500,000 or more 7 5 0 0 0 0 1 0 0 0 0 0 0 0 0 0
Median 43423 43846 34216 39822 68835 54473 44705 70000 30000 85321 0 39094 39823 60487 78782 30000
Mean 64889 81226 64480 81169 66347 54711 59171 65000 34250 62317 0 53514 29466 55215 73924 23288
Other properties 708 93 107 17 17 49 295 7 25 0 0 12 5 43 18 19

Value

Less than $20,000
3 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0
$20,000 to $39,999 52 21 7 0 0 5 13 0 3 0 0 0 0 0 4 0
$40,000 to $59,999 87 10 21 0 0 0 40 0 3 0 0 1 4 4 3 0
$60,000 to $79,999 111 31 8 1 0 0 50 3 3 0 0 6 0 1 2 7
$80,000 to $99,999 106 9 14 5 0 4 43 0 0 1 0 3 4 20 2 0
$100,000 to $124,999 164 22 31 7 5 10 62 0 2 0 0 4 0 9 3 9
$125,000 to $149,999 109 18 16 11 4 4 25 0 8 0 0 7 3 9 0 4
$150,000 to $174,999 68 17 1 4 3 4 14 2 1 0 0 3 2 5 7 4
$175,000 to $199,999 77 13 14 0 2 12 23 0 1 0 0 3 0 5 3 0
$200,000 to $249,999 112 8 12 5 1 15 53 3 5 0 0 4 0 0 4 2
$250,000 to $299,999 55 4 11 2 3 5 21 0 0 3 0 2 0 4 0 0
$300,000 to $499,999 86 8 20 4 1 0 42 0 0 0 0 2 0 8 0 0
$500,000 or more 88 18 12 5 2 5 36 1 0 0 0 1 0 1 6 0
Median 133434 120964 129726 145971 160104 184176 127875 200895 132001 263303 0 142581 93243 119875 162718 116652
Mean 194042 198462 200178 220139 203046 192132 204552 203419 122328 196132 0 168361 98925 160301 212153 120683

Value Per Housing Unit@8

Less than $20,000
87 25 11 1 0 5 27 0 6 0 0 1 1 4 4 2
$20,000 to $39,999 249 55 39 1 0 2 110 3 4 1 0 8 5 6 8 7
$40,000 to $59,999 224 18 38 13 9 18 77 3 5 0 0 7 4 21 6 4
$60,000 to $79,999 189 42 23 8 7 7 58 2 7 0 0 4 3 15 2 11
$80,000 to $99,999 101 14 17 6 0 12 31 0 0 0 0 6 0 9 6 0
$100,000 to $124,999 91 7 9 5 0 12 45 0 5 0 0 3 0 2 3 0
$125,000 to $149,999 60 1 8 1 5 7 28 0 0 3 0 2 0 4 2 0
$150,000 to $174,999 34 6 8 4 0 0 8 1 0 0 0 1 0 4 1 0
$175,000 to $199,999 14 0 0 0 0 0 9 0 0 0 0 0 0 4 1 0
$200,000 to $249,999 15 0 2 0 0 0 10 0 0 0 0 2 0 0 2 0
$250,000 to $299,999 14 3 6 2 0 3 1 0 0 0 0 0 0 0 0 0
$300,000 to $499,999 23 0 2 3 0 0 18 0 0 0 0 0 0 0 0 0
$500,000 or more 17 10 3 0 0 0 4 0 0 0 0 0 0 0 0 0
Median 59875 51179 57256 75790 63361 82096 59683 50790 53029 131651 0 65710 42926 64537 58520 54544
Mean 81516 83097 86203 101080 76134 85196 84363 69711 54037 91611 0 76532 42966 72116 71699 49183

Value of Capital Improvements

Properties with capital
improvements between 1998
and 2000
603 96 98 33 7 41 233 6 13 3 0 20 11 15 11 15
Less than $500 13 0 11 0 0 0 0 0 0 0 0 0 3 0 0 0
$500 to $999 29 5 11 0 0 4 2 0 0 0 0 0 3 0 3 0
$1,000 to $2,499 126 19 18 11 0 7 55 0 5 0 0 4 1 5 0 0
$2,500 to $4,999 95 13 6 3 0 10 44 3 3 0 0 4 0 5 0 4
$5,000 to $7,499 131 33 15 3 0 8 55 0 0 3 0 6 0 0 2 6
$7,500 to $9,999 25 6 1 0 3 0 10 0 5 0 0 0 0 0 0 0
$10,000 to $14,999 73 6 16 6 0 1 30 0 0 0 0 0 4 5 5 0
$15,000 to $19,999 52 9 3 5 0 9 20 0 0 0 0 3 0 0 0 4
$20,000 to $29,999 39 3 14 0 4 3 9 1 0 0 0 3 0 0 0 2
$30,000 or more 19 1 3 5 0 0 7 1 0 0 0 0 0 0 1 0
Median 5721 5804 5439 6635 21600 4879 5684 20147 3586 6250 0 5988 942 3701 10584 6547
Mean 7810 6817 8453 11736 15345 7360 7351 14075 4610 6000 0 8865 5426 5234 9662 8511
Properties with no capital
improvements between 1998 and 2000
346 57 43 10 11 15 121 3 11 0 0 7 2 38 22 7
Capital improvements not
reported
170 27 25 2 3 9 71 0 3 1 0 9 0 15 1 3

Value of Capital Improvements Per Unit

Properties with capital
improvements between 1998
and 2000
603 96 98 33 7 41 233 6 13 3 0 20 11 15 11 15
Less than $500 56 7 25 1 0 6 8 0 0 0 0 0 6 1 3 0
$500 to $999 66 13 7 6 0 5 19 0 5 0 0 6 1 4 0 0
$1,000 to $2,499 183 28 23 7 0 13 91 3 3 0 0 2 0 5 2 5
$2,500 to $4,999 148 35 11 5 3 7 64 0 5 3 0 6 0 2 2 5
$5,000 to $7,499 68 2 17 4 0 0 32 1 0 0 0 0 4 3 3 2
$7,500 to $9,999 40 6 4 5 0 7 11 0 0 0 0 3 0 0 0 4
$10,000 to $14,999 32 4 10 0 4 3 5 1 0 0 0 3 0 0 1 0
$15,000 to $19,999 3 0 0 0 0 0 3 0 0 0 0 0 0 0 0 0
$20,000 to $29,999 7 0 2 5 0 0 0 0 0 0 0 0 0 0 0 0
$30,000 or more 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Median 2472 2482 2152 3619 10800 2111 2482 5037 1652 3750 0 3488 469 1721 3244 3838
Mean 3336 2790 3536 5729 7099 3338 3042 4519 2162 3000 0 4297 2675 2367 3635 3658
Properties with no capital
improvements between 1998 and 2000
346 57 43 10 11 15 121 3 11 0 0 7 2 38 22 7
Capital improvements not
reported
170 27 25 2 3 9 71 0 3 1 0 9 0 15 1 3

Monthly Rental Receipts Per Housing Unit

Acquired before 2000
944 145 149 32 21 57 364 9 25 0 0 20 7 62 27 24
Less than $100 25 10 6 1 0 1 2 0 0 0 0 0 0 3 2 0
$100 to $199 72 7 10 5 0 3 28 0 0 0 0 0 0 11 0 8
$200 to $299 121 17 23 5 6 3 52 0 1 0 0 2 3 3 4 3
$300 to $399 161 24 26 3 0 7 60 3 9 0 0 0 4 16 3 6
$400 to $499 133 14 20 0 3 16 56 3 0 0 0 7 0 11 3 0
$500 to $599 124 29 15 5 0 9 36 2 4 0 0 2 0 10 5 7
$600 to $799 74 15 23 0 4 2 19 1 6 0 0 0 0 4 0 0
$800 to $999 125 13 14 7 6 10 58 0 5 0 0 4 0 0 7 1
$1000 or more 76 4 6 5 2 6 44 0 0 0 0 3 0 4 3 0
No rental receipts 33 12 6 3 0 0 10 0 0 0 0 1 0 1 0 0
Median 458 461 430 526 646 490 463 449 561 0 0 504 309 390 528 325
Mean 528 511 448 628 615 563 574 462 560 0 0 591 301 425 579 335
Acquired 2000 and 2001 (part) 175 34 18 12 0 8 60 0 1 4 0 16 6 5 8 1

Rental Receipts as Percent of Value@8

Acquired before 2000
944 145 149 32 21 57 364 9 25 0 0 20 7 62 27 24
Less than 5 percent 118 10 29 9 1 12 37 1 0 0 0 0 3 6 3 6
5 to 9 percent 243 27 36 13 10 11 99 3 0 0 0 7 0 27 6 4
10 to 14 percent 401 69 57 4 7 31 170 0 17 0 0 7 4 18 7 10
15 to 19 percent 88 11 19 3 3 2 29 4 2 0 0 5 0 7 2 1
20 to 24 percent 37 6 2 0 0 0 11 0 6 0 0 0 0 1 9 1
25 to 29 percent 8 2 0 0 0 0 6 0 0 0 0 0 0 0 0 0
30 to 39 percent 3 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1
40 percent or more 7 3 0 0 0 2 2 0 0 0 0 0 0 0 0 0
Median 11 12 11 7 10 11 11 10 14 0 0 11 10 9 13 11
Acquired 2000 and 2001 (part) 175 34 18 12 0 8 60 0 1 4 0 16 6 5 8 1

Rental Vacancy Losses as Percent of
Potential Receipts

Acquired before 2000
944 145 149 32 21 57 364 9 25 0 0 20 7 62 27 24
Less than 1.0 percent 331 48 43 18 4 12 130 6 16 0 0 7 0 27 5 15
1.0 to 2.9 percent 22 11 4 0 0 1 4 0 0 0 0 0 0 0 2 0
3.0 to 4.9 percent 38 1 5 0 0 10 10 0 5 0 0 0 0 3 3 1
5.0 to 6.9 percent 24 6 5 0 0 0 3 0 4 0 0 0 0 2 2 1
7.0 to 8.9 percent 56 12 4 0 2 5 30 1 0 0 0 2 0 0 0 0
9.0 to 10.9 percent 34 9 5 1 0 1 12 0 0 0 0 0 0 5 0 0
11.0 to 12.9 percent 21 2 0 0 3 0 15 0 0 0 0 1 0 1 0 0
13.0 to 14.9 percent 5 0 0 0 1 0 0 0 0 0 0 0 4 0 0 0
15.0 percent or more 133 16 28 8 0 6 48 2 0 0 0 3 3 8 7 4
Not reported or not computed 279 40 54 6 11 22 113 0 1 0 0 7 0 16 8 2
Median 1.1 1.8 2.9 0.8 7.9 3.9 1.0 0.8 0.8 0.0 0.0 0.9 14.8 0.9 4.8 0.7
Acquired 2000 and 2001 (part) 175 34 18 12 0 8 60 0 1 4 0 16 6 5 8 1

Age Restrictions

Property restricted to people
age 55 or older
240 48 34 7 2 25 87 6 3 3 0 8 0 4 8 4
Property not restricted to people
age 55 or older
854 131 128 38 18 37 324 3 24 1 0 28 13 61 26 21
Not reported 24 0 4 0 1 3 13 0 0 0 0 0 0 2 0 0

OWNER CHARACTERISTICS


Type of Owner

Individual investor(s)
957 137 142 36 11 64 372 9 27 3 0 31 13 59 30 21
Limited partnership 64 10 4 1 9 1 26 0 0 1 0 2 0 7 0 2
Joint venture 8 0 0 2 0 0 6 0 0 0 0 0 0 0 0 0
General partnership 11 4 0 0 0 0 6 0 0 0 0 0 0 0 0 0
Life insurance company 5 0 4 1 0 0 0 0 0 0 0 0 0 0 0 0
Depository institution 2 0 0 0 0 0 2 0 0 0 0 0 0 0 0 0
Public real estate investment trust 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0
Private real estate investment trust 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Corporation - other than real estate
investment trust
52 17 12 1 0 0 12 0 0 0 0 4 0 1 3 2
Housing cooperative organization 4 0 4 0 0 0 0 0 0 0 0 0 0 0 0 0
Non-profit or church-related institution 12 10 0 0 0 0 0 0 0 0 0 0 0 0 2 0
Pension fund 0 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 0
Other 3 0 0 3 0 0 0 0 0 0 0 0 0 0 0 0

MORTGAGE CHARACTERISTICS


Number of Mortgages

1 mortgage
961 154 140 37 15 64 368 9 20 4 0 30 13 62 20 23
2 mortgages 148 25 26 7 6 1 55 0 6 0 0 6 0 3 10 2
3 or more mortgages 9 0 0 0 0 0 2 0 0 0 0 0 0 2 5 0

Form of Debt of First Mortgage

Mortgage or deed of trust
1118 179 166 45 21 65 424 9 27 4 0 36 13 68 35 25
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
780 105 65 27 20 58 335 9 23 4 0 21 13 46 30 21
Short-term with balloon payment mortgage 68 29 11 1 0 0 17 0 0 0 0 2 0 4 5 0
Reverse mortgage 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Adjustable rate mortgage (ARM) 261 46 85 17 1 7 68 0 3 0 0 13 0 17 0 4
Other 10 0 6 0 0 0 4 0 0 0 0 0 0 0 0 0

Method of Loan Application

By computer over the Internet or
by e-mail
4 0 0 0 0 0 0 2 0 0 0 0 0 0 3 0
By telephone or FAX 79 14 7 5 0 5 39 0 1 0 0 5 0 3 0 0
By regular mail 17 3 4 1 0 3 2 0 0 0 0 3 0 0 0 0
By personal visit 754 119 115 30 15 46 296 3 11 3 0 16 9 48 21 22
Through third party (such as real
estate agent or builder)
144 19 29 3 3 8 39 1 12 0 0 8 3 12 3 3
Some other way 16 4 4 3 0 0 4 0 0 0 0 0 0 0 0 0
Not reported 73 12 7 3 3 3 32 1 3 1 0 4 0 4 1 0
Not available 30 8 0 0 0 0 11 2 0 0 0 0 1 1 7 0

Origin of First Mortgage

Mortgage made at time property acquired
854 148 124 35 18 36 324 6 15 4 0 28 12 56 25 22
Mortgage assumed at the time property
acquired
53 8 1 0 0 8 22 2 0 0 0 0 1 1 10 0
Mortgage placed later than acquisition of
property
211 23 41 9 3 21 79 1 12 0 0 8 0 10 0 2
Refinanced mortgage 185 21 25 9 3 21 76 1 9 0 0 8 0 9 0 1
Same lender 62 8 10 5 3 3 28 0 5 0 0 0 0 1 0 0
Different lender 123 13 16 4 0 18 48 1 4 0 0 8 0 8 0 1
Mortgage placed on property
owned free and clear of debt
26 2 16 0 0 0 4 0 3 0 0 0 0 1 0 1
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
211 23 41 9 3 21 79 1 12 0 0 8 0 10 0 2
Obtain lower interest rate 107 6 25 8 0 13 29 0 9 0 0 8 0 8 0 1
Increase payment period for mortgage 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Reduce payment period for mortgage 5 1 0 0 0 0 4 0 0 0 0 0 0 0 0 0
Renew or extend loan that had fallen
due, without increasing outstanding
balance
6 2 0 0 0 0 4 0 0 0 0 0 0 0 0 0
Receive cash or increase outstanding
balance of loan
61 6 14 0 3 8 23 1 3 0 0 0 0 1 0 1
Other reason 23 2 2 2 0 0 16 0 0 0 0 0 0 1 0 0
Not reported 8 5 0 0 0 0 3 0 0 0 0 0 0 0 0 0
Other properties 907 157 125 35 18 44 345 8 15 4 0 28 13 57 35 22
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
97 9 19 5 3 14 34 1 3 0 0 6 0 2 0 0
Less than $20,000 32 7 0 5 0 7 7 0 3 0 0 3 0 0 0 0
$20,000 to $39,999 17 0 5 0 0 4 7 0 0 0 0 0 0 0 0 0
$40,000 to $59,999 22 0 4 0 0 2 15 0 0 0 0 0 0 1 0 0
$60,000 to $79,999 7 0 6 0 0 0 0 1 0 0 0 0 0 0 0 0
$80,000 to $99,999 2 0 2 0 0 0 0 0 0 0 0 0 0 0 0 0
$100,000 to $124,999 6 2 0 0 0 0 4 0 0 0 0 0 0 0 0 0
$125,000 to $149,999 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
$150,000 to $174,999 10 0 3 0 3 0 1 0 0 0 0 3 0 0 0 0
$175,000 to $199,999 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
$200,000 to $249,999 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
$250,000 to $299,999 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0
$300,000 or more 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Median 39156 12372 61853 10000 160334 19266 43553 70000 10000 0 0 150797 0 259764 0 0
Mean 51205 30036 67652 13686 143576 23824 43334 61294 16000 0 0 84085 0 171464 0 0
Properties that refinanced
and did not receive cash back
97 10 22 4 0 7 34 0 9 0 0 2 0 8 0 0
Properties that refinanced
and did not report if received
cash back
17 3 0 0 0 0 11 0 0 0 0 0 0 0 0 2
Properties that did not
refinance
907 157 125 35 18 44 345 8 15 4 0 28 13 57 35 22
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
97 9 19 5 3 14 34 1 3 0 0 6 0 2 0 0
For additions, improvements or repairs
to this property
27 3 2 3 0 0 12 0 0 0 0 6 0 1 0 0
To consolidate debts 33 6 8 0 0 0 16 1 3 0 0 0 0 0 0 0
For investment in other real estate 30 3 5 2 3 8 7 1 0 0 0 0 0 1 0 0
For other types of investments 5 0 0 3 0 2 0 0 0 0 0 0 0 0 0 0
For educational or medical expenses 8 0 6 0 0 0 2 0 0 0 0 0 0 0 0 0
To start a business 6 0 4 0 0 0 2 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
To purchase an automobile, truck, or
other vehicle
6 0 0 0 0 0 3 0 3 0 0 0 0 0 0 0
To purchase consumer product other than
automobile, truck, or other vehicle
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other 7 0 0 0 0 4 2 0 0 0 0 0 0 1 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
97 10 22 4 0 7 34 0 9 0 0 2 0 8 0 0
Properties that refinanced
and did not report if received
cash back
17 3 0 0 0 0 11 0 0 0 0 0 0 0 0 2
Properties that did not
refinance
907 157 125 35 18 44 345 8 15 4 0 28 13 57 35 22
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)
399 85 48 32 0 30 120 2 9 4 0 23 10 17 11 7
1997 and 1998 208 33 33 1 4 13 81 1 4 0 0 7 0 20 6 4
1995 and 1996 135 16 24 3 0 16 52 3 6 0 0 1 0 0 7 7
1990 to 1994 193 27 26 5 6 3 105 3 4 0 0 1 3 4 4 3
1985 to 1989 102 3 28 0 9 4 36 0 3 0 0 2 0 13 4 0
1980 to 1984 39 11 1 1 1 0 18 0 0 0 0 0 0 7 0 0
1979 or earlier 42 4 6 3 0 0 13 0 0 0 0 2 0 6 3 4

Traditional First Mortgage Loan

Less than $20,000
39 3 11 1 3 0 9 0 3 0 0 0 0 0 4 5
$20,000 to $29,999 63 21 6 0 0 3 21 0 6 0 0 0 0 4 3 0
$30,000 to $39,999 75 9 13 5 0 2 38 0 0 0 0 0 0 6 2 0
$40,000 to $49,999 106 19 18 11 0 0 30 0 2 0 0 3 4 14 2 3
$50,000 to $59,999 73 3 13 0 1 6 34 3 0 1 0 3 0 7 0 1
$60,000 to $79,999 167 41 19 3 5 7 58 0 0 0 0 14 0 5 4 11
$80,000 to $99,999 153 30 14 5 2 14 46 0 7 3 0 3 7 18 0 3
$100,000 to $149,999 231 28 43 10 4 16 88 5 9 0 0 6 2 7 11 2
$150,000 to $199,999 96 7 10 4 3 16 42 1 0 0 0 3 0 6 3 0
$200,000 to $249,999 38 4 4 0 1 1 23 0 0 0 0 2 0 0 3 0
$250,000 to $299,999 19 4 4 0 0 0 11 0 0 0 0 0 0 0 0 0
$300,000 or more 49 11 11 5 2 0 15 0 0 0 0 1 0 1 3 0
Not reported 9 0 0 0 0 0 9 0 0 0 0 0 0 0 0 0
Median 84016 77223 84456 86225 95133 102986 87254 117728 86588 85321 0 76588 87274 74041 113732 65702
Mean 105534 107932 108302 116918 110467 108985 109172 110775 72244 82206 0 111609 76706 85748 116996 56948

Traditional First Mortgage Outstanding
Debt

Less than $10,000
59 7 10 1 3 3 19 0 0 0 0 0 0 4 6 6
$10,000 to $19,999 60 8 14 2 0 4 25 0 3 0 0 0 0 3 2 0
$20,000 to $29,999 73 17 9 3 0 2 22 3 6 0 0 0 0 5 3 3
$30,000 to $39,999 81 10 14 0 0 3 38 0 0 1 0 3 1 7 3 0
$40,000 to $49,999 96 18 18 11 1 2 28 1 2 0 0 0 3 12 0 0
$50,000 to $59,999 104 10 23 3 5 5 39 0 0 3 0 3 0 0 0 12
$60,000 to $79,999 168 42 12 5 2 9 55 0 7 0 0 14 4 15 2 0
$80,000 to $99,999 129 23 13 0 0 9 63 0 0 0 0 3 3 12 0 1
$100,000 to $149,999 176 17 29 13 6 14 62 3 9 0 0 8 2 3 9 2
$150,000 to $199,999 85 9 5 2 3 15 36 1 0 0 0 3 0 6 6 0
$200,000 to $249,999 23 5 4 0 2 0 11 0 0 0 0 0 0 0 2 0
$250,000 to $299,999 20 2 5 1 0 0 9 0 0 0 0 0 0 0 2 0
$300,000 or more 36 9 9 4 0 0 10 0 0 0 0 1 0 1 0 0
Not reported 8 0 0 0 0 0 7 0 0 0 0 0 0 0 0 0
Median 69708 68745 57874 66225 79282 91996 73480 103917 66588 52661 0 76588 73243 64957 107982 52530
Mean 91219 91428 92302 110322 94051 94413 94156 88172 68534 50483 0 99200 72770 78253 96179 46634

Total Mortgage Outstanding Debt

Less than $10,000
54 2 10 1 3 3 19 0 0 0 0 0 0 4 6 6
$10,000 to $19,999 60 13 14 2 0 4 22 0 3 0 0 0 0 3 0 0
$20,000 to $29,999 73 17 9 3 0 2 22 3 6 0 0 0 0 5 3 3
$30,000 to $39,999 76 10 13 0 0 3 37 0 0 1 0 3 1 7 0 0
$40,000 to $49,999 90 15 19 11 1 2 26 1 2 0 0 0 3 10 0 0
$50,000 to $59,999 112 9 23 3 5 5 45 0 0 3 0 3 0 0 2 12
$60,000 to $79,999 163 40 12 5 2 9 51 0 7 0 0 14 4 15 4 0
$80,000 to $99,999 124 20 13 0 0 8 61 0 0 0 0 3 3 12 1 1
$100,000 to $149,999 182 27 28 13 6 14 64 3 9 0 0 5 2 5 6 0
$150,000 to $199,999 94 9 6 2 3 16 38 1 0 0 0 6 0 6 6 2
$200,000 to $249,999 25 5 2 0 0 0 13 0 0 0 0 0 0 0 5 0
$250,000 to $299,999 19 2 7 1 0 0 9 0 0 0 0 0 0 0 0 0
$300,000 or more 39 9 9 4 2 0 10 0 0 0 0 1 0 1 2 0
Not reported 8 0 0 0 0 0 7 0 0 0 0 0 0 0 0 0
Median 71164 71435 57874 66225 79282 93474 74625 103917 66588 52661 0 76588 73243 67675 111830 52530
Mean 94000 95449 94464 110322 124148 95383 94280 88172 68655 50483 0 101861 72770 80953 124283 47334

Current Interest Rate on First Mortgage

Less than 6.0 percent
376 65 52 8 18 0 145 0 22 0 0 16 0 37 10 4
6.0 percent 12 0 3 3 0 0 6 0 0 0 0 0 0 0 0 0
6.1 to 6.4 percent 6 0 3 0 0 0 2 0 0 0 0 0 0 0 0 0
6.5 to 6.9 percent 78 3 8 13 0 19 31 0 0 3 0 0 0 0 1 0
7.0 percent 84 11 11 0 0 3 46 0 0 0 0 0 0 9 0 2
7.1 to 7.4 percent 42 4 5 5 0 6 20 3 0 0 0 0 0 0 0 0
7.5 to 7.9 percent 99 13 18 5 0 23 33 0 1 0 0 2 0 0 4 0
8.0 percent 35 3 14 0 0 3 5 0 0 0 0 2 0 2 5 0
8.1 to 8.4 percent 55 17 9 0 0 3 24 1 0 1 0 0 0 0 0 0
8.5 to 8.9 percent 50 10 20 0 0 7 5 2 0 0 0 0 0 5 0 2
9.0 percent 17 0 2 0 0 3 11 0 0 0 0 0 0 0 0 1
9.1 to 9.4 percent 16 7 0 0 0 0 7 1 0 0 0 1 0 0 0 0
9.5 to 9.9 percent 12 6 0 0 2 0 2 0 0 0 0 0 0 1 1 0
10.0 percent 29 9 3 0 0 0 0 0 2 0 0 3 3 4 6 0
10.1 to 10.4 percent 7 2 0 0 0 0 0 0 0 0 0 0 0 0 2 3
10.5 to 10.9 percent 13 0 6 0 0 0 3 0 0 0 0 0 0 0 3 0
11.0 percent 18 5 2 0 2 0 7 0 0 0 0 0 0 0 2 0
11.1 to 12.9 percent 28 0 3 0 0 0 18 2 0 0 0 0 5 0 0 0
13.0 percent 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
13.1 percent or more 142 24 7 12 0 0 58 0 2 0 0 13 5 9 0 13
Not reported 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Median 7.1 7.7 7.5 7.0 3.6 7.6 7.1 8.6 3.7 6.9 0.0 8.0 12.3 5.5 8.0 15.9

Points Paid as Interest on First
Mortgage

With mortgage placed
1080 171 166 45 21 64 409 7 27 4 0 36 12 66 25 25
No points 216 54 52 15 2 19 38 4 0 3 0 5 3 5 17 0
Less than 1 point 16 0 0 5 0 5 6 0 0 0 0 0 0 0 0 0
1 point 18 0 10 5 0 0 1 0 0 0 0 1 0 0 0 0
1.1 to 1.9 points 6 0 0 0 0 6 0 0 0 0 0 0 0 0 0 0
2 points 17 2 4 0 0 0 8 0 0 0 0 2 0 0 0 0
2.1 to 2.9 points 8 0 0 0 0 8 0 0 0 0 0 0 0 0 0 0
3 points 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
3.1 to 3.9 points 0 0 0 0 0 0 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
5 points 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0
5.1 to 5.9 points 3 0 0 0 0 3 0 0 0 0 0 0 0 0 0 0
6 points or more 10 0 2 0 0 8 0 0 0 0 0 0 0 0 0 0
Not reported or don't know 784 113 99 20 20 14 356 3 27 1 0 28 9 61 8 25
With mortgage assumed 39 8 0 0 0 1 15 2 0 0 0 0 1 1 10 0

Type of Interest Rate Buydown

Properties with interest rate
buydown
18 0 0 0 0 0 15 0 0 0 0 0 0 0 3 0
Constant payment 3 0 0 0 0 0 0 0 0 0 0 0 0 0 3 0
3-2-1 buydown 0 0 0 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 15 0 0 0 0 0 15 0 0 0 0 0 0 0 0 0
Properties without interest
rate buydown
428 81 92 25 2 60 112 7 1 3 0 8 7 5 22 2
Not reported 673 98 74 20 20 5 297 1 26 1 0 28 6 62 10 23

Term of First Mortgage

Less than 5 years
20 16 0 0 0 0 0 0 0 0 0 0 0 0 5 0
5 years 17 7 6 0 0 0 0 0 0 0 0 0 0 0 4 0
6 to 9 years 2 0 0 0 0 0 0 0 0 0 0 2 0 0 0 0
10 years 11 5 0 0 2 0 3 0 0 1 0 0 0 0 0 0
11 to 14 years 9 0 4 0 0 3 0 0 0 0 0 0 0 0 2 0
15 years 87 13 16 3 0 3 35 4 0 3 0 0 0 0 10 0
16 to 19 years 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0
20 years 43 17 13 1 0 0 5 0 0 0 0 0 3 0 4 0
21 to 24 years 2 0 0 0 0 0 2 0 0 0 0 0 0 0 0 0
25 years 22 2 11 5 0 4 0 0 0 0 0 0 0 0 0 0
26 to 29 years 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
30 years 362 20 69 16 0 55 153 5 3 0 0 13 11 13 0 5
More than 30 years 6 0 0 0 0 1 5 0 0 0 0 0 0 0 0 0
No stated term 536 99 47 20 20 0 222 0 24 0 0 21 0 55 8 19
Median 30 16 30 30 11 30 30 30 31 15 0 30 30 31 15 31

Unexpired Term of First Mortgage

Less than 5 years
61 21 17 0 2 0 9 0 0 0 0 0 0 0 13 0
5 to 9 years 69 13 15 3 0 6 22 4 0 1 0 2 0 0 2 0
10 to 14 years 55 15 12 0 0 1 20 0 0 0 0 0 0 0 7 0
15 to 19 years 62 13 21 1 0 3 12 0 0 3 0 0 3 0 4 3
20 to 24 years 100 5 20 10 0 11 48 2 0 0 0 2 3 0 0 0
25 to 29 years 184 13 28 11 0 38 59 3 2 0 0 8 5 13 0 3
30 or more years 51 0 6 0 0 7 32 0 1 0 0 3 2 0 0 0
No stated term or not computed 536 99 47 20 20 0 222 0 24 0 0 21 0 55 8 19
Median 22 12 19 24 3 27 24 21 28 16 0 27 26 28 6 25

Servicer of First Mortgage

Commercial bank or trust company
214 168 4 0 0 0 40 3 0 0 0 0 0 0 0 0
Savings and loan association, federal
savings bank
177 2 156 0 0 6 11 0 0 3 0 0 0 0 0 0
Mutual savings bank 50 0 0 45 0 0 0 0 0 0 0 0 0 5 0 0
Life insurance company 20 0 0 0 20 0 0 0 0 0 0 0 0 0 0 0
Mortgage banker or mortgage company 463 10 7 0 2 59 370 6 1 1 0 0 2 0 4 2
Federally-sponsored secondary market
agency or pool
0 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 0
Other federal agency 26 0 0 0 0 0 0 0 26 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Credit union 41 0 0 0 0 0 4 0 0 0 0 36 0 0 0 0
Finance company 11 0 0 0 0 0 0 0 0 0 0 0 11 0 0 0
State or municipal government or
housing finance agency
62 0 0 0 0 0 0 0 0 0 0 0 0 62 0 0
Individual or individual's estate 30 0 0 0 0 0 0 0 0 0 0 0 0 0 30 0
Other 23 0 0 0 0 0 0 0 0 0 0 0 0 0 0 23

Holder's Acquisition of First Mortgage

Originated directly from borrower
597 128 117 31 3 28 165 3 10 0 0 25 7 43 30 8
Purchased from present servicer 275 28 26 9 8 19 128 3 9 3 0 7 2 15 5 14
Purchased from someone else 246 24 23 6 10 18 132 3 8 1 0 4 4 10 0 3
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
859 155 118 35 16 41 315 8 15 4 0 28 11 55 35 22
Less than 40 percent 28 7 1 5 4 0 6 0 0 0 0 0 0 0 0 5
40 to 49 percent 15 7 2 0 0 0 3 0 2 0 0 0 0 0 0 0
50 to 59 percent 38 5 4 0 0 7 10 2 0 3 0 0 0 2 6 0
60 to 69 percent 98 20 15 5 0 6 26 0 3 0 0 4 0 16 0 4
70 to 79 percent 126 12 35 3 4 2 38 3 8 1 0 3 0 4 8 5
80 to 89 percent 138 24 23 8 2 6 49 2 0 0 0 7 0 7 7 3
90 to 94 percent 80 18 7 6 0 1 46 0 0 0 0 2 0 0 0 0
95 to 99 percent 35 5 9 0 0 4 16 0 0 0 0 0 0 0 2 0
100 percent or more 294 57 22 9 6 16 115 1 2 0 0 11 11 26 12 5
Not reported 7 0 0 0 0 0 7 0 0 0 0 0 0 0 0 0
Median 89 91 81 86 80 90 92 77 73 57 0 89 50050 88 85 74
Other properties 260 24 48 9 5 24 110 1 12 0 0 8 2 13 0 3
Not available 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
90 9 9 7 3 7 41 0 0 0 0 0 0 6 2 6
20 to 29 percent 108 13 30 4 1 3 43 1 0 3 0 5 0 2 0 3
30 to 39 percent 129 10 25 4 0 9 57 1 5 0 0 0 0 5 7 4
40 to 49 percent 143 34 30 5 3 10 37 3 6 1 0 0 0 10 2 3
50 to 59 percent 183 23 21 8 6 9 60 2 13 0 0 13 0 20 10 0
60 to 69 percent 135 16 23 9 3 13 50 0 0 0 0 2 5 5 8 1
70 to 79 percent 114 24 6 7 0 2 44 2 0 0 0 5 1 16 0 8
80 to 89 percent 104 25 10 0 0 6 43 0 3 0 0 10 7 0 0 0
90 to 99 percent 44 17 3 1 4 4 15 0 0 0 0 0 0 0 0 0
100 percent or more 60 9 9 0 2 2 28 0 0 0 0 1 0 3 6 0
Not reported or not computed 8 0 1 0 0 0 7 0 0 0 0 0 0 0 0 0
Median 55 61 46 52 57 54 55 46 52 27 0 60 80 55 57 38

First Mortgage Loan as a Percent
of Value

Properties acquired by
purchase with first mortgage
made or assumed at time of
purchase
859 155 118 35 16 41 315 8 15 4 0 28 11 55 35 22
Less than 40 percent 31 9 1 1 4 1 7 0 0 3 0 0 0 0 0 5
40 to 49 percent 9 0 0 0 0 5 2 0 2 0 0 0 0 0 0 0
50 to 59 percent 29 12 4 0 0 1 8 0 0 0 0 0 0 2 1 0
60 to 69 percent 197 29 43 6 0 13 59 3 3 0 0 4 3 16 12 4
70 to 79 percent 153 30 22 14 4 11 49 0 8 1 0 3 0 4 3 5
80 to 89 percent 138 25 22 7 2 8 41 4 0 0 0 11 0 7 7 3
90 to 94 percent 46 17 2 1 0 3 22 0 0 0 0 1 0 0 0 0
95 to 99 percent 28 3 6 0 0 0 17 0 0 0 0 0 0 0 2 0
100 percent or more 221 30 18 6 6 0 103 0 2 0 0 8 8 26 9 5
Not reported 7 0 0 0 0 0 7 0 0 0 0 0 0 0 0 0
Median 81 79 75 77 80 71 87 81 73 29 0 86 3031 88 81 74
Other properties 260 24 48 9 5 24 110 1 12 0 0 8 2 13 0 3
Not available 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

First Mortgage Risk

Subprime loan
52 7 2 0 0 3 21 3 3 0 0 2 7 0 3 0
Not subprime loan 1066 173 164 45 21 62 403 6 24 4 0 34 6 68 32 25
Not reported 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Index Used to Adjust Interest Rate
on ARM

Properties with adjustable
rate first mortgage
271 46 91 17 1 7 72 0 3 0 0 13 0 17 0 4
Treasury security 68 17 42 2 0 1 4 0 0 0 0 2 0 0 0 0
Average cost of funds in bank district 25 4 3 7 0 6 4 0 0 0 0 1 0 0 0 0
National average cost of funds 12 2 9 0 0 0 0 0 0 0 0 0 0 0 0 0
OTS contract mortgage rate 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other method 29 9 10 3 0 0 8 0 0 0 0 0 0 0 0 0
No index used 4 0 4 0 0 0 0 0 0 0 0 0 0 0 0 0
Not reported 132 14 22 6 1 0 56 0 3 0 0 9 0 17 0 4
Other properties 848 134 76 27 20 58 352 9 23 4 0 23 13 51 35 21
Not reported 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Frequency With Which Rate Can Be
Adjusted

Properties with adjustable
rate first mortgage
271 46 91 17 1 7 72 0 3 0 0 13 0 17 0 4
Monthly 23 3 8 3 0 5 4 0 0 0 0 0 0 0 0 0
Every 3 months 6 1 1 0 0 0 2 0 0 0 0 2 0 0 0 0
Every 6 months 11 0 4 0 0 2 5 0 0 0 0 0 0 0 0 0
Yearly 82 21 46 9 0 0 4 0 0 0 0 1 0 0 0 0
Every 3 years 10 6 4 0 0 0 0 0 0 0 0 0 0 0 0 0
Every 5 years 11 2 9 0 0 0 0 0 0 0 0 0 0 0 0 0
Other 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0
Not reported 127 12 19 6 1 0 56 0 3 0 0 9 0 17 0 4
Other properties 848 134 76 27 20 58 352 9 23 4 0 23 13 51 35 21
Not reported 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Interest Rate Changed Since
Mortgage Made

Properties with adjustable
rate first mortgage
271 46 91 17 1 7 72 0 3 0 0 13 0 17 0 4
Yes, rate has changed 108 23 53 9 0 7 15 0 0 0 0 1 0 0 0 0
No change since mortgage made 38 13 20 2 0 0 1 0 0 0 0 2 0 0 0 0
Not reported 124 10 18 6 1 0 56 0 3 0 0 9 0 17 0 4
Other properties 848 134 76 27 20 58 352 9 23 4 0 23 13 51 35 21
Not reported 0 0 0 0 0 0 0 0 0 0 0 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
4 4 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Payments can change monthly 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Payments can change every three months 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Payments can change every six months 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Payments can change yearly 4 4 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Payments can change every 3 years 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Payments can change every 5 years 0 0 0 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Monthly payments cannot
change
986 165 147 37 20 65 369 9 23 4 0 27 13 51 35 21
Not reported 128 10 20 8 1 0 56 0 3 0 0 9 0 17 0 4

First Mortgage Allows for Negative
Amortization

Monthly payments can change
(other than change in interest
rate)
4 4 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Yes, unrestricted negative amortization 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Yes, restricted negative amortization 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
No negative amortization allowed 4 4 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Not reported 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Monthly payments cannot change 986 165 147 37 20 65 369 9 23 4 0 27 13 51 35 21
Not reported 128 10 20 8 1 0 56 0 3 0 0 9 0 17 0 4

MORTGAGE PAYMENTS AND OTHER EXPENSES


Method of Payment of First Mortgage

Regular payments of interest
and/or principal
1063 172 156 45 21 62 399 9 24 4 0 31 13 68 33 24
Interest and principal 1063 172 156 45 21 62 399 9 24 4 0 31 13 68 33 24
Fully amortized 974 138 136 44 20 62 377 9 24 3 0 31 13 63 29 24
Not fully amortized 89 35 20 1 2 0 22 0 0 1 0 0 0 4 4 0
Interest only 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
No regular payments required 16 3 3 0 0 3 5 0 0 0 0 0 0 0 1 0
Not reported 40 4 7 0 0 0 21 0 3 0 0 5 0 0 0 0

Items Included in First Mortgage
Payment@1

Regular monthly payments of
both interest and principal
1063 172 156 45 21 62 399 9 24 4 0 31 13 68 33 24
Real estate taxes 281 23 47 23 0 42 118 8 1 4 0 5 2 8 0 2
Property insurance 208 15 27 5 0 37 95 8 1 4 0 5 2 8 0 2
Mortgage insurance 32 0 1 5 0 5 14 2 1 0 0 3 2 0 0 0
Other 73 0 11 0 0 7 50 1 0 1 0 0 0 2 0 0
No items included or not reported 770 150 109 22 21 14 276 1 23 0 0 27 11 60 33 23
No regular payments of interest
and principal
55 7 10 0 0 3 26 0 3 0 0 5 0 0 1 0

Monthly Interest and Principal
Payments on First Mortgage Per
Housing Unit

Regular monthly payments of
interest and/or principal
1103 176 163 45 21 62 420 9 27 4 0 36 13 68 33 25
Less than $100 46 4 6 1 0 14 12 0 0 1 0 1 0 5 0 0
$100 to $199 237 43 41 12 2 4 92 0 9 0 0 2 1 15 10 7
$200 to $299 228 41 31 12 3 10 88 3 8 0 0 6 5 8 5 9
$300 to $399 194 40 20 10 5 13 71 3 7 0 0 6 0 17 0 4
$400 to $499 128 16 30 1 0 6 38 2 0 3 0 8 7 12 5 0
$500 to $599 77 14 4 2 6 12 30 1 0 0 0 2 0 3 2 0
$600 to $699 73 1 9 1 6 3 46 0 0 0 0 0 0 2 4 1
$700 to $799 16 0 5 0 0 0 0 0 0 0 0 0 0 4 3 4
$800 to $899 19 2 2 3 0 1 6 0 0 0 0 3 0 1 0 0
$900 to $999 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0
$1,000 to $1,249 10 2 0 0 0 0 7 0 0 0 0 1 0 0 0 0
$1,250 to $1,499 14 2 6 1 0 0 0 0 0 0 0 2 0 0 3 0
$1,500 or more 20 7 2 3 0 0 9 0 0 0 0 0 0 0 0 0
Not reported 40 4 7 0 0 0 21 0 3 0 0 5 0 0 0 0
Median 310 293 299 278 517 328 311 354 239 427 0 411 408 333 434 259
Mean 397 482 382 426 435 332 383 341 257 305 0 496 326 341 467 345
No regular payments required 16 3 3 0 0 3 5 0 0 0 0 0 0 0 1 0

Current First Mortgage Payment Status

Regular monthly payments of
principal and/or interest
1103 176 163 45 21 62 420 9 27 4 0 36 13 68 33 25
Up-to-date, ahead of schedule, or
less than 90 days past due
483 71 101 25 2 62 157 7 1 4 0 8 9 8 26 2
Delinquent by 90 days or more 15 7 5 0 0 0 2 2 0 0 0 0 0 0 0 0
Legal proceedings have begun 8 0 5 0 0 0 2 2 0 0 0 0 0 0 0 0
Legal proceedings have not begun 4 4 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Not reported 3 3 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Not reported 604 98 57 20 20 0 260 0 26 0 0 28 4 60 7 23
Other properties 16 3 3 0 0 3 5 0 0 0 0 0 0 0 1 0

Interest and Principal Payment on
First Mortgage as Percent of Rental
Receipts

Acquired before 2000 and
regular payments of interest
and/or princi
900 138 141 32 21 54 347 9 22 0 0 17 7 62 26 23
Less than 20 percent 23 1 1 2 0 6 14 0 0 0 0 0 0 0 0 0
20 to 29 percent 57 6 15 0 0 3 18 0 7 0 0 0 0 4 2 1
30 to 39 percent 48 8 0 4 0 3 20 0 3 0 0 0 0 6 4 0
40 to 49 percent 93 15 12 0 0 0 61 0 0 0 0 2 0 0 0 4
50 to 59 percent 146 24 19 8 9 15 45 4 4 0 0 2 0 6 4 7
60 to 69 percent 157 25 27 8 3 4 67 0 7 0 0 2 0 14 0 0
70 to 79 percent 51 11 3 0 0 8 18 2 0 0 0 0 0 2 7 0
80 to 89 percent 80 9 21 1 0 8 20 0 1 0 0 3 0 12 5 1
90 to 99 percent 23 1 6 5 4 0 4 2 0 0 0 1 0 0 0 0
100 percent or more 183 22 31 1 5 8 73 1 0 0 0 5 7 15 5 10
Not reported or not computed 38 15 6 3 0 0 9 0 0 0 0 1 0 4 0 0
Median 64 63 68 60 65 61 62 72 52 0 0 85 50050 70 75 59
Other properties 218 42 25 12 0 11 77 0 4 4 0 20 6 5 9 2

Real Estate Tax Per $1,000 Value

Acquired before 2000
944 145 149 32 21 57 364 9 25 0 0 20 7 62 27 24
Less than $5 113 15 19 8 5 9 34 5 1 0 0 4 0 8 2 3
$5 to $9 273 31 47 1 8 11 114 3 8 0 0 7 3 23 10 5
$10 to $14 168 22 24 6 5 21 64 0 3 0 0 5 4 5 3 6
$15 to $19 143 19 23 4 0 7 65 1 7 0 0 0 0 8 4 3
$20 to $24 88 18 20 0 0 7 33 0 1 0 0 4 0 1 0 4
$25 to $29 72 13 3 10 3 0 23 0 5 0 0 0 0 10 5 0
$30 to $39 83 26 13 3 0 2 27 0 0 0 0 0 0 6 3 2
$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 5 0 0 0 0 0 4 0 0 0 0 0 0 0 0 0
Median 12 16 12 17 9 12 13 5 14 0 0 9 10 10 12 13
Acquired 2000 and 2001 (part) 175 34 18 12 0 8 60 0 1 4 0 16 6 5 8 1

Real Estate Tax as Percent of Rental
Receipts

Acquired before 2000
944 145 149 32 21 57 364 9 25 0 0 20 7 62 27 24
Less than 5 percent 70 13 8 5 4 8 19 2 1 0 0 4 0 0 4 3
5 to 9 percent 248 29 49 5 9 7 95 4 12 0 0 8 0 18 7 4
10 to 14 percent 230 31 26 3 0 24 114 1 9 0 0 0 4 2 10 5
15 to 19 percent 140 18 24 1 3 9 48 1 3 0 0 5 0 24 0 4
20 to 24 percent 62 15 10 0 5 0 21 0 0 0 0 0 0 5 6 0
25 to 29 percent 53 8 5 3 0 9 22 0 0 0 0 0 3 3 0 0
30 to 34 percent 18 0 2 7 0 0 7 0 0 0 0 2 0 0 0 0
35 to 39 percent 17 1 2 0 0 0 10 0 0 0 0 0 0 0 0 4
40 percent or more 62 15 19 5 0 1 13 0 0 0 0 0 0 6 0 4
Not reported or not computed 44 15 6 3 0 0 14 0 0 0 0 1 0 4 0 0
Median 13 14 13 25 9 13 13 8 10 0 0 9 15 17 11 15
Acquired 2000 and 2001 (part) 175 34 18 12 0 8 60 0 1 4 0 16 6 5 8 1

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