Residential Finance Survey

Residential Finance Survey: 2001 - United States
Table 6-2a. Type of First Mortgage, Rental and Vacant 5- to 49-Housing-Unit Mortgaged Properties
^Number of mortgaged properties.
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.
Monthly Rental Receipts Per Housing Unit, Rental Receipts as Percent of Value, Rental Vacancy Losses as Percent of Potential Receipts, 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 of units in rental market during all of year preceding survey and cooperatively owned apartments^^

		Fixed rate mortgage
	Total mortgaged properties	Amortized	Short term with balloon payment	Adjustable rate mortgage (ARM)	Other mortgage
5- to 49-housing-unit properties with traditional first mortgage	290542	177603	28495	77490	6955
PROPERTY CHARACTERISTICS Number of Housing Units 5 to 9 housing units	150027	87884	17162	41383	3598
10 to 19 housing units	68655	41324	5220	20032	2080
20 to 29 housing units	35980	23095	3544	8651	690
30 to 39 housing units	20147	13925	1375	4392	456
40 to 49 housing units	15733	11376	1194	3033	131
Manner of Acquisition By purchase	263339	158514	25510	72880	6435
Placed one new mortgage	211513	129928	21159	57325	3100
Placed two or more new mortgages	22178	12068	1115	6069	2926
Assumed mortgage(s) already on property	15664	10052	1000	4323	290
Assumed mortgage(s) already on property and placed new mortgage	4401	2331	288	1781	0
Borrowed using assets other than this property as collateral	3706	1533	1140	1033	0
Paid all cash-no borrowing	3339	1522	328	1371	119
Other manner	2537	1080	479	978	0
By inheritance or gift	4858	3625	1066	106	61
By divorce	267	267	0	0	0
By tax free exchange of other property	3450	1648	324	1478	0
By foreclosure or assignment	2207	1395	8	506	298
By some other manner	3279	2699	0	478	102
Not reported	13142	9456	1587	2042	58
Source of Downpayment@1 Properties purchased 1995 to 2001 (part)	130388	76313	14585	36015	3475
Sale of stock or other partnership shares for this project	4547	3491	119	938	0
Sale of previously owned stocks, shares, or other securities	4925	2536	936	1287	167
Sale of land or other real estate	14783	7525	1591	5433	234
Owner's cash, bank deposits, share accounts, or bonds	64334	36485	7054	18080	2714
Borrowing from a retirement plan	1510	1092	0	325	93
Borrowing using assets other than this property as collateral	12175	7179	1620	3163	213
Proceeds from an insurance policy	572	483	0	89	0
From a state or local government source	1117	725	132	101	159
From a non-profit organization	343	84	0	133	125
Proceeds from sale of tax credits	1734	1416	171	22	125
From parents or relatives	4374	2947	281	1147	0
Other cash source	3356	1607	334	1334	82
Non-cash source	762	229	241	292	0
No downpayment required	12225	6525	1949	3644	107
Not reported	15731	11804	1013	2840	74
Other properties	151837	94919	12745	40751	3421
Not reported	8317	6371	1164	724	58
Year Property Acquired 1999 to 2001 (part)	74669	43609	9497	18534	3028
1997 and 1998	43473	26751	3231	12970	521
1995 and 1996	26674	17585	3118	5890	81
1990 to 1994	47429	28012	3266	14684	1467
1985 to 1989	40540	25150	3055	11715	620
1980 to 1984	22088	13187	2513	5493	894
1975 to 1979	16890	10362	2075	4227	225
1970 to 1974	12257	8243	853	3042	119
1969 or earlier	6524	4703	886	935	0
Property New or Previously Owned When Acquired Acquired by purchase	263339	158514	25510	72880	6435
New	49048	33229	3499	11346	974
Previously owned	208987	121786	21454	60285	5461
As residential property	196563	114735	19399	57114	5315
Converted from nonresidential use	12424	7052	2055	3171	146
Other	1917	1252	226	439	0
Not reported	3387	2247	330	810	0
Other properties	14061	9633	1398	2568	462
Not reported	13142	9456	1587	2042	58
Year Structure Built 1999 to March 2000	13398	7576	2167	3422	233
1997 and 1998	7942	4360	760	2682	140
1995 and 1996	6120	3366	786	1934	34
1990 to 1994	16105	9185	1494	4664	762
1980 to 1989	38939	26283	2421	9795	440
1970 to 1979	47794	31787	3078	12096	832
1960 to 1969	47222	28050	4634	14089	449
1950 to 1959	25482	17199	374	7711	198
1940 to 1949	17783	11015	1309	5220	239
1939 or earlier	69757	38782	11470	15876	3628
Purchase Price Per Housing Unit@8 Properties acquired by purchase 1997 to 2001 (part)	106468	61093	11649	30297	3430
Less than $20,000	23048	12822	2912	4861	2453
$20,000 to $39,999	38050	23001	4115	10279	655
$40,000 to $59,999	21920	11432	2006	8299	183
$60,000 to $79,999	8203	4481	692	3030	0
$80,000 to $99,999	5772	2981	230	2421	140
$100,000 to $124,999	3416	1573	1237	606	0
$125,000 to $149,999	1637	1503	134	0	0
$150,000 to $174,999	647	647	0	0	0
$175,000 to $199,999	591	371	0	220	0
$200,000 to $249,999	692	368	324	0	0
$250,000 to $299,999	447	447	0	0	0
$300,000 to $499,999	297	297	0	0	0
$500,000 or more	1377	795	0	581	0
Median	35769	35249	34159	40020	13984
Mean	52638	52946	46023	57757	24436
Other properties	184074	116510	16846	47193	3525
Value Less than $100,000	12556	7855	712	1078	2910
$100,000 to $199,999	34949	23985	3436	7402	125
$200,000 to $299,999	36314	20503	4489	10705	617
$300,000 to $399,999	31722	19219	4561	7546	397
$400,000 to $499,999	28591	17205	1613	8674	1099
$500,000 to $749,999	42486	24592	3831	13496	567
$750,000 to $999,999	29565	16486	4083	8696	301
$1,000,000 to $1,499,999	31945	20203	2215	9207	319
$1,500,000 to $1,999,999	15951	10799	732	4223	197
$2,000,000 to $2,999,999	12064	7738	807	3303	216
$3,000,000 to $3,999,999	6102	3478	1127	1462	34
$4,000,000 to $4,999,999	2187	1326	473	388	0
$5,000,000 or more	6111	4214	416	1310	172
Median	506704	500345	465101	561865	271620
Mean	870140	898490	803696	858835	544342
Value Per Housing Unit@8 Less than $20,000	34996	24201	1893	5637	3264
$20,000 to $39,999	93324	59122	10128	22195	1879
$40,000 to $59,999	60813	34401	7524	17752	1136
$60,000 to $79,999	37549	21880	1942	13482	245
$80,000 to $99,999	18111	11594	1311	5066	140
$100,000 to $124,999	13944	6172	1669	6102	0
$125,000 to $149,999	9029	5337	1813	1879	0
$150,000 to $174,999	5679	3074	446	2158	0
$175,000 to $199,999	3537	1406	503	1546	82
$200,000 to $249,999	5202	4410	225	448	119
$250,000 to $299,999	1937	1592	255	0	90
$300,000 to $499,999	2870	2472	70	327	0
$500,000 or more	3553	1941	714	897	0
Median	45575	43185	45917	52295	22271
Mean	67370	66509	77452	68342	37221
Value of Capital Improvements Properties with capital improvements between 1998 and 2000	148739	93827	15731	36733	2448
Less than $5,000	31889	18062	5104	8239	484
$5,000 to $9,999	25647	17771	1250	6060	566
$10,000 to $24,999	42955	26772	4406	10854	923
$25,000 to $49,999	23432	15270	1930	6043	189
$50,000 to $74,999	8045	5161	631	2217	35
$75,000 to $99,999	2978	2244	75	494	165
$100,000 to $149,999	6015	4017	620	1291	87
$150,000 to $199,999	3075	1338	1256	481	0
$200,000 to $299,999	1799	1178	196	425	0
$300,000 or more	2903	2013	262	628	0
Median	15878	16208	15146	15621	12830
Mean	123414	172428	55146	34239	21602
Properties with no capital improvements between 1998 and 2000	84218	46297	7292	26902	3727
Capital improvements not reported	57585	37479	5471	13855	780
Value of Capital Improvements Per Unit Properties with capital improvements between 1998 and 2000	148739	93827	15731	36733	2448
Less than $500	33638	20157	3922	8731	828
$500 to $999	33140	22537	2839	7054	710
$1,000 to $2,499	46120	29197	4418	11761	744
$2,500 to $4,999	17753	10308	2497	4868	79
$5,000 to $7,499	5948	4228	44	1589	87
$7,500 to $9,999	2570	1718	152	700	0
$10,000 to $14,999	3535	2112	134	1289	0
$15,000 to $19,999	2015	1607	304	104	0
$20,000 to $29,999	2276	892	1200	185	0
$30,000 or more	1745	1071	222	452	0
Median	1247	1217	1375	1329	779
Mean	13479	19242	5830	2854	1174
Properties with no capital improvements between 1998 and 2000	84218	46297	7292	26902	3727
Capital improvements not reported	57585	37479	5471	13855	780
Monthly Rental Receipts Per Housing Unit Acquired before 2000	240274	149333	21790	64770	4382
Less than $100	16893	11119	1303	3711	760
$100 to $199	22180	16220	871	5031	58
$200 to $299	32995	21253	4056	7137	549
$300 to $399	34589	24044	3426	6404	715
$400 to $499	35290	20199	3162	10874	1055
$500 to $599	27852	15885	2445	8827	696
$600 to $799	20108	11489	1397	7086	136
$800 to $999	23617	11704	2356	9322	235
$1000 or more	26014	16860	2774	6202	178
No rental receipts	738	560	0	178	0
Median	437	409	439	492	410
Mean	1340	1606	1441	756	409
Acquired 2000 and 2001 (part)	50268	28270	6705	12720	2573
Rental Receipts as Percent of Value@8 Acquired before 2000	240274	149333	21790	64770	4382
Less than 5 percent	6986	4005	469	2339	172
5 to 9 percent	85839	55274	8154	21460	951
10 to 14 percent	72756	43601	5615	22030	1509
15 to 19 percent	39783	23035	4098	11954	697
20 to 24 percent	13397	8611	1385	3098	302
25 to 29 percent	6283	4241	603	1110	329
30 to 39 percent	4486	3546	197	573	170
40 percent or more	9888	6460	1150	2027	251
Median	12	12	12	12	14
Acquired 2000 and 2001 (part)	50268	28270	6705	12720	2573
Rental Vacancy Losses as Percent of Potential Receipts Acquired before 2000	240274	149333	21790	64770	4382
Less than 1.0 percent	35725	19111	3060	12736	818
1.0 to 2.9 percent	34410	19021	3794	11321	274
3.0 to 4.9 percent	26961	16196	1920	7834	1011
5.0 to 6.9 percent	14910	9469	1406	3899	135
7.0 to 8.9 percent	14046	9160	883	3565	439
9.0 to 10.9 percent	11622	7062	1524	2887	149
11.0 to 12.9 percent	5329	3767	752	810	0
13.0 to 14.9 percent	4774	3016	695	911	152
15.0 percent or more	27097	18257	1801	6318	721
Not reported or not computed	65400	44273	5956	14489	682
Median	4.3	4.8	4.1	3.3	4.5
Acquired 2000 and 2001 (part)	50268	28270	6705	12720	2573
Age Restrictions Property restricted to people age 55 or older	63507	35719	7605	19184	1000
Property not restricted to people age 55 or older	213381	133148	19971	56524	3737
Not reported	13655	8736	919	1782	2218
Age Composition Over one-half the residents of the building age 55 or older	13914	8755	1248	3877	34
Over one-half the residents of the building not age 55 or older	195900	121171	18647	50219	5863
Not reported	80728	47676	8600	23395	1057
Meal Service Provided by Properties Exclusively or Predominantly Occupied by People Age 55 or Older Property provides meal service	36846	19765	4895	11628	558
Charge included in rent	28116	15070	3796	8876	374
Charge not included in rent	111	79	32	0	0
Not reported	8619	4616	1068	2753	183
Property does not provide meal service	21879	14586	1283	5708	302
Not reported	231817	143252	22316	60153	6095
Type of Property Benefits@1 Government-sponsored below-market interest rate mortgage loan	14011	11215	787	1363	646
Government rental subsidy	38030	26278	2528	8191	1033
Government grant	1767	1312	133	162	159
Property tax relief	5186	2762	394	1716	313
Federal income tax credit for low-income, old or historic properties	5673	4288	713	396	276
Accelerated federal income tax depreciation for low- and moderate-income properties	1082	1010	73	0	0
Subsidy from a non-profit corporation	884	479	0	279	125
None of the above benefits	208079	119810	21766	61361	5142
Not reported	30109	21554	3374	5075	105
Source of Property Benefits@1 With property benefits	52355	36238	3354	11054	1708
Federal government	37664	27403	2482	6450	1329
State government	7124	4966	84	1831	243
Local government	10863	5959	1177	3492	235
Non-profit corporation	884	479	0	279	125
Not reported	1212	659	300	253	0
With no property benefits	208079	119810	21766	61361	5142
Not reported	30109	21554	3374	5075	105
Reason for Benefits@1 With property benefits	52355	36238	3354	11054	1708
Occupied by low- or moderate-income individuals	42760	30516	2831	8524	890
Occupied by elderly or disabled individuals	14850	10734	1321	2435	361
A historic structure	890	655	40	195	0
Located in a community development or economic development area	2843	1838	39	884	82
Covered by a Homestead Exemption	143	108	0	0	35
Covered by a Community Land Trust	54	54	0	0	0
Covered by disaster relief	540	54	0	47	439
Other reason	1041	721	40	213	67
Not reported	2908	1805	312	791	0
With no property benefits	208079	119810	21766	61361	5142
Not reported	30109	21554	3374	5075	105
Section 8 Rental Housing Certificates and Vouchers Property did or does have tenants receiving Section 8 assistance	100845	61473	8568	26568	4236
Property has never had tenants receiving Section 8 assistance	160231	97695	18409	41502	2625
Not reported	29466	18436	1517	9420	93
OWNER CHARACTERISTICS Type of Owner Individual investor(s)	171160	96581	16589	53230	4760
Limited partnership	46741	34153	2504	9159	926
Joint venture	3403	2139	921	344	0
General partnership	16178	10360	3030	2628	159
Life insurance company	257	113	0	144	0
Depository institution	248	248	0	0	0
Public real estate investment trust	565	395	0	112	58
Private real estate investment trust	204	204	0	0	0
Corporation - other than real estate investment trust	34637	21681	4224	8170	562
Housing cooperative organization	1259	731	91	150	286
Non-profit or church-related institution	6571	4696	289	1433	153
Pension fund	0	0	0	0	0
Fraternal organization	8	0	0	8	0
Other	9312	6303	848	2112	49
MORTGAGE CHARACTERISTICS Method of Loan Application By computer over the Internet or by e-mail	294	294	0	0	0
By telephone or FAX	27184	15494	3313	8039	338
By regular mail	22619	13877	1949	6758	35
By personal visit	157357	91754	16979	43136	5489
Through third party (such as real estate agent or builder)	42309	27536	2809	11586	379
Some other way	6552	4377	690	1317	168
Not reported	27531	19691	2124	5341	374
Not available	6695	4580	631	1315	170
Origin of First Mortgage Mortgage made at time property acquired	210106	129833	20381	54721	5170
Mortgage assumed at the time property acquired	16832	10379	1402	4761	290
Mortgage placed later than acquisition of property	63604	37390	6711	18008	1495
Refinanced mortgage	58258	34630	6076	16056	1495
Same lender	17206	11524	1588	3820	273
Different lender	41051	23106	4488	12235	1222
Mortgage placed on property owned free and clear of debt	5347	2760	635	1952	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	63604	37390	6711	18008	1495
Obtain lower interest rate	29099	20919	1984	5974	222
Increase payment period for mortgage	489	86	353	50	0
Reduce payment period for mortgage	1118	244	874	0	0
Renew or extend loan that had fallen due, without increasing outstanding balance	5231	2562	919	1643	107
Receive cash or increase outstanding balance of loan	17531	8817	2108	5441	1166
Other reason	4761	2066	473	2222	0
Not reported	5376	2697	0	2678	0
Other properties	226938	140213	21783	59482	5460
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	29998	16593	2679	9751	976
Less than $100,000	12659	7171	1761	3448	280
$100,000 to $199,999	6523	3240	325	2425	533
$200,000 to $299,999	3028	1872	66	955	135
$300,000 to $399,999	2333	1485	326	522	0
$400,000 to $499,999	2498	856	134	1507	0
$500,000 to $749,999	1096	652	66	378	0
$750,000 to $999,999	556	404	0	124	28
$1,000,000 to $1,499,999	353	171	0	182	0
$1,500,000 to $1,999,999	102	92	0	10	0
$2,000,000 to $2,999,999	150	150	0	0	0
$3,000,000 to $3,999,999	201	0	0	201	0
$4,000,000 to $4,999,999	0	0	0	0	0
$5,000,000 or more	500	500	0	0	0
Not reported	0	0	0	0	0
Median	135879	134739	76076	158888	139054
Mean	345785	441277	128031	264707	130061
Properties that refinanced and did not receive cash back	26642	16413	3981	5902	346
Properties that refinanced and did not report if received cash back	6964	4384	51	2355	173
Properties that did not refinance	226938	140213	21783	59482	5460
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	29998	16593	2679	9751	976
For additions, improvements or repairs to this property	13677	7106	1690	3999	883
To consolidate debts	7393	4686	1127	1487	93
For investment in other real estate	11509	5635	995	4736	143
For other types of investments	3515	2187	0	1235	93
For educational or medical expenses	2105	1678	228	199	0
To start a business	254	100	0	154	0
To settle a divorce	992	794	0	199	0
To pay taxes	1315	1031	0	284	0
To purchase an automobile, truck, or other vehicle	628	628	0	0	0
To purchase consumer product other than automobile, truck, or other vehicle	1078	1078	0	0	0
Other	2652	1602	107	943	0
Not reported	459	298	0	161	0
Properties that refinanced and did not receive cash back	26642	16413	3981	5902	346
Properties that refinanced and did not report if received cash back	6964	4384	51	2355	173
Properties that did not refinance	226938	140213	21783	59482	5460
Not available	0	0	0	0	0
Year First Mortgage Made or Assumed 1999 to 2001 (part)	110869	59985	14539	33030	3315
1997 and 1998	57275	37990	4814	13395	1075
1995 and 1996	26321	16853	2502	6694	272
1990 to 1994	44435	26840	3009	13038	1548
1985 to 1989	27722	17119	1369	9029	205
1980 to 1984	9518	7589	418	1195	316
1979 or earlier	14403	11227	1843	1109	225
First Mortgage Insurance Status FHA-insured first mortgage	19282	14806	1012	3081	383
VA-guaranteed first mortgage	0	0	0	0	0
Rural Housing Service-Rural Development- insured or -guaranteed first mortgage	12983	12415	301	93	175
Other federal, state, or local government-insured or guaranteed first mortgage	8999	5634	667	2306	392
Insured conventional first mortgage	25281	17225	1928	5176	953
Uninsured conventional first mortgage	223998	127523	24587	66835	5052
Not reported	0	0	0	0	0
Traditional First Mortgage Loan Less than $50,000	11355	8418	502	2265	170
$50,000 to $99,999	25217	14026	3536	5117	2538
$100,000 to $149,999	36407	24148	4179	6964	1117
$150,000 to $199,999	32139	19648	3284	8074	1132
$200,000 to $249,999	22900	13740	1910	7031	219
$250,000 to $299,999	20113	10934	591	8422	167
$300,000 to $399,999	26663	13690	4683	7830	460
$400,000 to $499,999	24188	14588	2753	6698	149
$500,000 to $749,999	37536	21316	3255	12716	250
$750,000 to $999,999	16739	10846	1031	4603	258
$1,000,000 to $1,499,999	17108	11464	1201	4074	369
$1,500,000 to $1,999,999	6208	3843	950	1356	59
$2,000,000 or more	5074	3325	203	1476	69
Not reported	8896	7617	416	863	0
Median	274117	264137	263002	298586	133150
Mean	442977	451001	394883	457984	275694
Total Mortgage Loan Less than $50,000	11355	8418	502	2265	170
$50,000 to $99,999	22348	12118	3100	4592	2538
$100,000 to $149,999	35616	23583	4071	6846	1117
$150,000 to $199,999	30831	19424	3294	6981	1132
$200,000 to $249,999	21372	13319	1724	6236	93
$250,000 to $299,999	19629	10112	777	8574	167
$300,000 to $399,999	27132	13683	4667	8322	460
$400,000 to $499,999	24942	14876	3039	6879	149
$500,000 to $749,999	39447	22596	3248	13229	375
$750,000 to $999,999	18189	11784	895	5252	258
$1,000,000 to $1,499,999	17473	11892	1451	3843	287
$1,500,000 to $1,999,999	7209	4440	1048	1580	141
$2,000,000 or more	6159	3799	264	2027	69
Not reported	8840	7561	416	863	0
Median	290054	279373	301015	324385	131318
Mean	476096	475772	418425	514910	289212
Traditional First Mortgage Outstanding Debt Less than $50,000	21460	15355	2004	3680	421
$50,000 to $99,999	36878	22018	4264	7599	2997
$100,000 to $149,999	39607	24827	3998	9476	1306
$150,000 to $199,999	26871	16367	2371	7775	358
$200,000 to $249,999	24318	14564	1068	8558	129
$250,000 to $299,999	16332	7374	2731	5950	277
$300,000 to $399,999	28810	16200	3631	8516	463
$400,000 to $499,999	22012	12976	1740	7181	115
$500,000 to $749,999	29052	16404	3444	8861	343
$750,000 to $999,999	13821	9292	1229	3111	189
$1,000,000 to $1,499,999	14385	9443	1080	3574	288
$1,500,000 to $1,999,999	4439	2651	315	1438	35
$2,000,000 or more	3660	2515	203	908	34
Not reported	8896	7617	416	863	0
Median	228348	217511	253239	254255	101600
Mean	383645	388509	345899	399382	243767
Total Mortgage Outstanding Debt Less than $50,000	19527	13857	1568	3680	421
$50,000 to $99,999	34995	20326	4663	7008	2997
$100,000 to $149,999	39390	25178	3773	9133	1306
$150,000 to $199,999	25325	15604	2343	7145	233
$200,000 to $249,999	22826	14551	805	7341	129
$250,000 to $299,999	18216	7790	2917	7232	277
$300,000 to $399,999	27601	15239	3450	8598	314
$400,000 to $499,999	23529	14440	2025	6800	263
$500,000 to $749,999	30771	17007	3435	9861	468
$750,000 to $999,999	14676	10046	1201	3240	189
$1,000,000 to $1,499,999	14968	9979	1221	3480	288
$1,500,000 to $1,999,999	5402	3261	413	1692	35
$2,000,000 or more	4606	2892	264	1415	34
Not reported	8711	7432	416	863	0
Median	241573	229170	261679	271839	101600
Mean	401545	396136	359175	442583	256010
Current Interest Rate on First Mortgage Less than 6.0 percent	108685	69475	11004	25458	2748
6.0 percent	1991	755	47	859	329
6.1 to 6.4 percent	4614	930	211	3391	82
6.5 to 6.9 percent	12815	4059	2068	6551	137
7.0 percent	19223	13425	1464	4194	140
7.1 to 7.4 percent	12257	3792	1744	6721	0
7.5 to 7.9 percent	19584	7200	2877	9253	253
8.0 percent	8788	5094	1264	2255	175
8.1 to 8.4 percent	9388	4374	2825	1966	222
8.5 to 8.9 percent	18100	10224	1301	6329	246
9.0 percent	6530	5120	737	587	87
9.1 to 9.4 percent	5058	1893	277	654	2234
9.5 to 9.9 percent	5779	3841	644	1294	0
10.0 percent	3262	2020	413	830	0
10.1 to 10.4 percent	1563	1015	390	158	0
10.5 to 10.9 percent	2301	1967	0	335	0
11.0 percent	3036	2982	54	0	0
11.1 to 12.9 percent	3789	2981	476	264	69
13.0 percent	1202	1202	0	0	0
13.1 percent or more	42577	35254	698	6392	233
Not reported	0	0	0	0	0
Median	7.1	7.1	7.1	7.1	7.6
Type of Interest Rate Buydown Properties with interest rate buydown	578	98	47	433	0
Constant payment	98	98	0	0	0
3-2-1 buydown	0	0	0	0	0
Other	167	0	0	167	0
Not reported	312	0	47	266	0
Properties without interest rate buydown	117177	52964	16657	43532	4024
Not reported	172787	124540	11791	33525	2930
Term of First Mortgage Less than 5 years	4723	1460	2433	722	107
5 years	8926	2325	5639	668	294
6 to 9 years	4723	839	2851	987	47
10 years	13250	5757	3006	4249	238
11 to 14 years	1953	487	341	1051	74
15 years	18228	10020	1054	7026	128
16 to 19 years	1640	549	842	249	0
20 years	10495	3908	476	5702	408
21 to 24 years	610	214	0	397	0
25 years	4515	1941	0	2339	234
26 to 29 years	1088	1054	0	34	0
30 years	61439	26826	1176	30775	2662
More than 30 years	11312	10945	0	285	82
No stated term	147641	111278	10677	23006	2680
Median	30	30	7	30	30
Unexpired Term of First Mortgage Less than 5 years	14708	5227	6608	2579	294
5 to 9 years	24658	10278	7974	6012	393
10 to 14 years	20964	10627	1662	8145	531
15 to 19 years	18971	6319	594	11978	79
20 to 24 years	19800	9821	555	9121	303
25 to 29 years	28510	12512	236	13168	2593
30 or more years	15290	11539	188	3481	82
No stated term or not computed	147641	111278	10677	23006	2680
Median	18	20	6	19	26
Holder of First Mortgage Commercial bank or trust company	68397	35201	12942	19562	693
Savings and loan association, federal savings bank	49888	20168	3538	24310	1872
Mutual savings bank	8507	4545	461	3280	221
Life insurance company	8728	6610	852	781	484
Mortgage banker or mortgage company	12438	4741	431	7179	87
Federally-sponsored secondary market agency or pool	78817	60546	5485	12252	534
Conventional mortgage pool	729	276	453	0	0
Other federal agency	14114	12805	328	811	170
Real estate investment trust	3866	552	188	966	2160
Pension or retirement fund	370	184	40	145	0
Credit union	7734	4567	476	2566	125
Finance company	2149	1005	239	906	0
State or municipal government or housing finance agency	11513	8896	1135	1122	360
Individual or individual's estate	15633	12976	1265	1178	214
Other	7659	4530	663	2433	34
First Mortgage Loan as a Percent of Purchase Price Properties acquired by purchase with first mortgage made or assumed at time of purchase	205304	124792	19509	56016	4987
Less than 40 percent	9583	6464	974	1976	169
40 to 49 percent	5390	3187	344	1587	272
50 to 59 percent	11083	5750	1296	4036	0
60 to 69 percent	25147	16609	1803	6074	662
70 to 79 percent	30982	14355	2867	13376	385
80 to 89 percent	33442	17370	2980	10501	2591
90 to 94 percent	7859	6425	1060	374	0
95 to 99 percent	9668	5972	1305	2391	0
100 percent or more	63920	41668	6554	14790	908
Not reported	8229	6993	324	912	0
Median	85	87	88	80	84
Other properties	85239	52811	8986	21474	1968
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	205304	124792	19509	56016	4987
Less than 40 percent	12279	6295	2233	3705	46
40 to 49 percent	5553	2983	718	1536	316
50 to 59 percent	10727	4819	1173	4661	74
60 to 69 percent	53025	34207	4778	13378	662
70 to 79 percent	38832	15947	3335	16748	2802
80 to 89 percent	27498	17004	3264	6938	292
90 to 94 percent	6317	5378	453	486	0
95 to 99 percent	7888	5800	415	1600	74
100 percent or more	35579	25940	2816	6100	722
Not reported	7607	6419	324	863	0
Median	74	77	72	73	75
Other properties	85239	52811	8986	21474	1968
Not available	0	0	0	0	0
First Mortgage Risk Subprime loan	14231	12222	708	1301	0
Not subprime loan	276311	165381	27787	76189	6955
Not reported	0	0	0	0	0
Index Used to Adjust Interest Rate on ARM Properties with adjustable rate first mortgage	84445	0	0	77490	6955
Treasury security	17602	0	0	14816	2786
Average cost of funds in bank district	22863	0	0	22863	0
National average cost of funds	1363	0	0	1363	0
OTS contract mortgage rate	0	0	0	0	0
Other method	12368	0	0	11884	484
No index used	787	0	0	32	754
Not reported	29463	0	0	26532	2930
Other properties	206098	177603	28495	0	0
Not reported	0	0	0	0	0
Frequency With Which Rate Can Be Adjusted Properties with adjustable rate first mortgage	84445	0	0	77490	6955
Monthly	23109	0	0	23109	0
Every 3 months	1051	0	0	1051	0
Every 6 months	4653	0	0	4653	0
Yearly	11299	0	0	10801	498
Every 3 years	3736	0	0	3736	0
Every 5 years	5460	0	0	5304	156
Other	7142	0	0	4332	2810
Not reported	27993	0	0	24503	3491
Other properties	206098	177603	28495	0	0
Not reported	0	0	0	0	0
Caps on Interest Rate Per Adjustment Period Properties with adjustable rate first mortgage	84445	0	0	77490	6955
Less than 1 percent	1853	0	0	1853	0
1 percent	51	0	0	51	0
1.1 to 1.9 percent	1275	0	0	1275	0
2 percent	10081	0	0	7781	2300
2.1 to 2.9 percent	1713	0	0	1564	149
3 percent	2100	0	0	2100	0
3.1 to 3.9 percent	442	0	0	442	0
4.0 percent or more	2556	0	0	2556	0
No caps	33520	0	0	32460	1060
Not reported	30855	0	0	27408	3446
Other properties	206098	177603	28495	0	0
Not reported	0	0	0	0	0
Caps on Interest Rate Over Life of ARM Properties with adjustable rate first mortgage	84445	0	0	77490	6955
Less than 1 percent	1624	0	0	1624	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	166	0	0	166	0
3 percent	448	0	0	448	0
3.1 to 3.9 percent	660	0	0	660	0
4.0 percent or more	27110	0	0	24535	2575
No caps	19306	0	0	18406	901
Not reported	35130	0	0	31651	3479
Other properties	206098	177603	28495	0	0
Not reported	0	0	0	0	0
Interest Rate Changed Since Mortgage Made Properties with adjustable rate first mortgage	84445	0	0	77490	6955
Yes, rate has changed	40100	0	0	39259	841
No change since mortgage made	15847	0	0	12949	2897
Not reported	28499	0	0	25282	3217
Other properties	206098	177603	28495	0	0
Not reported	0	0	0	0	0
Percentage of Margin Over Index on ARM Properties with adjustable rate first mortgage	84445	0	0	77490	6955
Less than 1 percent	977	0	0	788	189
1 percent	0	0	0	0	0
1.1 to 1.9 percent	678	0	0	551	126
2 percent	2604	0	0	2604	0
2.1 to 2.9 percent	31652	0	0	29047	2605
3 percent	5902	0	0	5812	90
3.1 to 3.9 percent	5750	0	0	5630	120
4 percent	1865	0	0	1865	0
4.1 to 4.9 percent	540	0	0	540	0
5 percent or more	2806	0	0	2806	0
Not reported	31671	0	0	27846	3825
Median	2.7	0.0	0.0	2.7	2.5
Other properties	206098	177603	28495	0	0
Not reported	0	0	0	0	0
ARM Convertible to Fixed Rate Mortgage Properties with adjustable rate first mortgage	84445	0	0	77490	6955
Can be converted	2430	0	0	2430	0
Cannot be converted	45323	0	0	41600	3722
Not reported	36693	0	0	33460	3232
Other properties	206098	177603	28495	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	7549	0	0	7354	194
Payments can change monthly	157	0	0	70	87
Payments can change every three months	326	0	0	326	0
Payments can change every six months	309	0	0	309	0
Payments can change yearly	6358	0	0	6358	0
Payments can change every 3 years	209	0	0	209	0
Payments can change every 5 years	0	0	0	0	0
Other	189	0	0	82	107
Not reported	0	0	0	0	0
Monthly payments cannot change	253306	177603	28495	43591	3618
Not reported	29688	0	0	26545	3143
First Mortgage Allows for Negative Amortization Monthly payments can change (other than change in interest rate)	7549	0	0	7354	194
Yes, unrestricted negative amortization	163	0	0	163	0
Yes, restricted negative amortization	5642	0	0	5642	0
No negative amortization allowed	1684	0	0	1490	194
Not reported	60	0	0	60	0
Monthly payments cannot change	253306	177603	28495	43591	3618
Not reported	29688	0	0	26545	3143
MORTGAGE PAYMENTS AND OTHER EXPENSES Method of Payment of First Mortgage Regular payments of interest and/or principal	273614	166588	27553	73157	6316
Interest and principal	272787	166153	27327	72992	6316
Fully amortized	216495	145227	1386	64157	5725
Not fully amortized	56292	20926	25941	8835	591
Interest only	827	435	227	165	0
No regular payments required	4225	732	469	2670	354
Not reported	12704	10282	473	1663	285
Items Included in First Mortgage Payment@1 Regular monthly payments of both interest and principal	272787	166153	27327	72992	6316
Real estate taxes	46431	21912	4179	19944	396
Property insurance	22769	13715	1258	7676	120
Mortgage insurance	3944	3472	0	472	0
Other	11917	8814	237	2866	0
No items included or not reported	224347	143293	22944	52191	5919
No regular payments of interest and principal	17755	11450	1168	4499	639
Monthly Interest and Principal Payments on First Mortgage Per Housing Unit Regular monthly payments of interest and/or principal	286318	176871	28026	74820	6601
Less than $100	41013	28414	3550	8430	620
$100 to $199	79024	44785	7614	22435	4189
$200 to $299	63177	37651	5751	18955	821
$300 to $399	29951	18884	2876	7739	452
$400 to $499	17033	9485	2417	4897	234
$500 to $599	10933	5808	1950	3174	0
$600 to $699	5976	4543	0	1433	0
$700 to $799	4594	3602	390	601	0
$800 to $899	3258	2099	32	1127	0
$900 to $999	1891	612	1176	102	0
$1,000 to $1,249	2541	1353	348	841	0
$1,250 to $1,499	2641	1591	0	1050	0
$1,500 or more	11584	7762	1449	2374	0
Not reported	12704	10282	473	1663	285
Median	227	227	245	230	161
Mean	597	657	811	416	163
No regular payments required	4225	732	469	2670	354
Current First Mortgage Payment Status Regular monthly payments of principal and/or interest	286318	176871	28026	74820	6601
Up-to-date, ahead of schedule, or less than 90 days past due	124893	55131	16010	50082	3671
Delinquent by 90 days or more	697	557	44	96	0
Legal proceedings have begun	481	481	0	0	0
Legal proceedings have not begun	216	76	44	96	0
Not reported	0	0	0	0	0
Not reported	160727	121183	11972	24642	2930
Other properties	4225	732	469	2670	354
Monthly Interest and Principal Payments on Total Mortgages Per Housing Unit Regular monthly payments of interest and/or principal	286318	176871	28026	74820	6601
Less than $100	51345	37550	3277	9613	905
$100 to $199	75240	42401	7260	21390	4189
$200 to $299	65277	38582	6748	19127	821
$300 to $399	32110	19978	2980	8701	452
$400 to $499	16405	9142	2386	4643	234
$500 to $599	11773	6968	1981	2824	0
$600 to $699	6084	4350	0	1734	0
$700 to $799	5429	4163	390	876	0
$800 to $899	3275	2161	32	1082	0
$900 to $999	1891	612	1176	102	0
$1,000 to $1,249	2635	1402	348	886	0
$1,250 to $1,499	2512	1402	0	1110	0
$1,500 or more	12342	8160	1449	2733	0
Not reported	0	0	0	0	0
Median	225	222	252	233	157
Mean	590	628	803	456	173
No regular payments required	4225	732	469	2670	354
Interest and Principal Payment on First Mortgage as Percent of Rental Receipts Acquired before 2000 and regular payments of interest and/or princi	226297	140886	20904	60764	3743
Less than 20 percent	19246	12511	2096	4393	246
20 to 29 percent	27210	14733	2065	9750	662
30 to 39 percent	30811	18774	2095	9718	224
40 to 49 percent	36392	21174	3590	10581	1048
50 to 59 percent	25701	14795	3048	6794	1064
60 to 69 percent	17496	13636	2057	1803	0
70 to 79 percent	12280	10545	428	1249	58
80 to 89 percent	8556	5073	1085	2398	0
90 to 99 percent	4359	2325	387	1466	181
100 percent or more	43390	26762	3934	12435	260
Not reported or not computed	856	560	118	178	0
Median	50	52	52	46	47
Other properties	64245	36717	7590	16727	3212
Interest and Principal Payment on Total Mortgages as Percent of Rental Receipts Acquired before 2000 and regular payments of interest and/or principal	226962	141005	21002	61212	3743
Less than 20 percent	18553	11977	1631	4699	246
20 to 29 percent	25294	13872	1944	8816	662
30 to 39 percent	29531	17898	1847	9563	224
40 to 49 percent	37247	21612	4329	10259	1048
50 to 59 percent	25590	14286	3145	7095	1064
60 to 69 percent	18867	14241	2092	2534	0
70 to 79 percent	12484	10656	491	1279	58
80 to 89 percent	9337	5939	1085	2312	0
90 to 99 percent	4183	2450	146	1406	181
100 percent or more	45020	27514	4175	13071	260
Not reported or not computed	856	560	118	178	0
Median	51	53	52	47	47
Other properties	63580	36598	7492	16278	3212
Real Estate Tax Per $1,000 Value Acquired before 2000	240274	149333	21790	64770	4382
Less than $5	47303	30591	3884	12215	613
$5 to $9	51493	29466	3990	16920	1116
$10 to $14	51255	29156	4266	17524	309
$15 to $19	24607	16284	2801	4881	640
$20 to $24	22527	14689	2706	4291	841
$25 to $29	12384	8127	1506	2705	46
$30 to $39	27320	18284	2544	5674	817
$40 to $49	0	0	0	0	0
$50 to $59	0	0	0	0	0
$60 or more	26	26	0	0	0
Not reported or not computed	3360	2709	92	559	0
Median	12	12	13	11	16
Acquired 2000 and 2001 (part)	50268	28270	6705	12720	2573
Real Estate Tax as Percent of Rental Receipts Acquired before 2000	240274	149333	21790	64770	4382
Less than 5 percent	35298	22103	2943	9682	570
5 to 9 percent	86795	51388	7390	26513	1504
10 to 14 percent	49229	31579	5136	10865	1649
15 to 19 percent	31443	21451	2309	7594	90
20 to 24 percent	11274	5465	413	5156	239
25 to 29 percent	6487	3638	1530	1319	0
30 to 34 percent	5614	4574	489	550	0
35 to 39 percent	1470	1440	0	30	0
40 percent or more	8449	4426	1369	2324	330
Not reported or not computed	4216	3269	211	737	0
Median	10	10	10	9	10
Acquired 2000 and 2001 (part)	50268	28270	6705	12720	2573
Property Management Property managed by paid property management company	129207	80765	11518	34867	2056
Property not managed by paid property management company	139461	82476	15790	36501	4695
Not reported	21875	14362	1187	6122	204
Property Management and Administration Expenses Per Housing Unit Acquired before 2000	240274	149333	21790	64770	4382
Less than $100	5408	3138	36	1996	239
$100 to $199	9026	4041	1161	3825	0
$200 to $299	14707	7077	1354	6157	119
$300 to $399	15363	9391	992	4727	253
$400 to $499	12564	7552	1051	3374	588
$500 to $599	10511	5746	538	4192	35
$600 to $699	8122	4865	510	2680	67
$700 to $799	5903	4512	403	882	106
$800 to $899	3726	2019	1214	383	110
$900 to $999	2138	1540	26	572	0
$1,000 to $1,249	6416	4197	620	1262	336
$1,250 to $1,499	2817	1696	235	761	125
$1,500 to $1,999	3810	2597	335	497	381
$2,000 to $2,499	1278	559	357	362	0
$2,500 or more	7229	5638	852	739	0
No expenses	88549	56044	9066	21865	1574
Not reported or not computed	42707	28722	3040	10496	449
Median	480	519	546	389	497
Acquired 2000 and 2001 (part)	50268	28270	6705	12720	2573
Maintenance and Repair Expenses Per Housing Unit Acquired before 2000	240274	149333	21790	64770	4382
Less than $100	5481	3446	701	1096	239
$100 to $199	14806	8896	1519	3954	436
$200 to $299	16557	9141	1853	5040	523
$300 to $399	15611	10658	880	3615	459
$400 to $499	14478	8750	1232	4236	259
$500 to $599	13882	8253	1578	3984	67
$600 to $699	11349	7153	438	3440	318
$700 to $799	15288	8433	400	6310	146
$800 to $899	11047	5947	2014	2916	170
$900 to $999	7296	5218	254	1823	0
$1,000 to $1,249	16101	9803	1729	4322	247
$1,250 to $1,499	12311	8494	839	2836	142
$1,500 to $1,999	10309	5642	1525	2653	489
$2,000 to $2,499	5577	3265	712	1600	0
$2,500 or more	15827	10223	1713	3891	0
No expenses	5319	3976	680	433	229
Not reported or not computed	49035	32034	3722	12621	658
Median	705	704	805	708	435
Acquired 2000 and 2001 (part)	50268	28270	6705	12720	2573
Utility and Fuel Expenses Per Housing Unit Acquired before 2000	240274	149333	21790	64770	4382
Less than $250	27131	16558	2212	7602	759
$250 to $499	50555	28523	5179	16215	639
$500 to $749	42694	26049	3955	12306	384
$750 to $999	23615	13223	2362	6940	1090
$1,000 to $1,249	14799	9424	1441	3443	490
$1,250 to $1,499	5724	3937	965	822	0
$1,500 to $1,749	3459	2717	36	706	0
$1,750 to $1,999	2825	2250	248	326	0
$2,000 to $2,499	2642	1738	331	573	0
$2,500 or more	6779	3405	1647	1727	0
No expenses	15008	10151	356	3961	540
Not reported or not computed	45043	31358	3056	10148	481
Median	573	585	614	531	684
Acquired 2000 and 2001 (part)	50268	28270	6705	12720	2573