Residential Finance Survey

Residential Finance Survey: 2001 - Northeast
Table 6-2b. 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	64252	41570	7597	11523	3562
PROPERTY CHARACTERISTICS Number of Housing Units 5 to 9 housing units	35166	22054	4232	6158	2722
10 to 19 housing units	11933	8214	1232	2161	326
20 to 29 housing units	7605	4987	972	1419	227
30 to 39 housing units	5419	3378	585	1168	288
40 to 49 housing units	4129	2937	576	617	0
Manner of Acquisition By purchase	57917	36306	7104	10945	3562
Placed one new mortgage	44310	29654	5274	8251	1131
Placed two or more new mortgages	7181	3277	445	1028	2431
Assumed mortgage(s) already on property	3337	2420	623	294	0
Assumed mortgage(s) already on property and placed new mortgage	1107	805	9	293	0
Borrowed using assets other than this property as collateral	959	44	306	609	0
Paid all cash-no borrowing	317	106	150	61	0
Other manner	706	0	297	409	0
By inheritance or gift	2722	2367	355	0	0
By divorce	80	80	0	0	0
By tax free exchange of other property	0	0	0	0	0
By foreclosure or assignment	939	626	8	305	0
By some other manner	1086	858	0	227	0
Not reported	1508	1333	130	45	0
Source of Downpayment@1 Properties purchased 1995 to 2001 (part)	29662	18570	2501	6079	2512
Sale of stock or other partnership shares for this project	634	350	119	166	0
Sale of previously owned stocks, shares, or other securities	1295	559	0	662	74
Sale of land or other real estate	2137	1790	40	228	79
Owner's cash, bank deposits, share accounts, or bonds	16763	9435	1533	3562	2234
Borrowing from a retirement plan	0	0	0	0	0
Borrowing using assets other than this property as collateral	2487	1464	288	661	74
Proceeds from an insurance policy	0	0	0	0	0
From a state or local government source	425	202	98	0	125
From a non-profit organization	181	56	0	0	125
Proceeds from sale of tax credits	463	240	98	0	125
From parents or relatives	1222	653	0	569	0
Other cash source	261	219	41	0	0
Non-cash source	168	0	0	168	0
No downpayment required	2734	2295	232	207	0
Not reported	3022	2519	150	279	74
Other properties	33269	21854	4966	5399	1050
Not reported	1321	1146	130	45	0
Year Property Acquired 1999 to 2001 (part)	19262	12308	1521	3000	2433
1997 and 1998	9070	6901	534	1555	79
1995 and 1996	5706	3447	584	1675	0
1990 to 1994	7317	4577	632	1497	612
1985 to 1989	8360	5575	941	1460	385
1980 to 1984	5391	2955	1614	768	54
1975 to 1979	2641	1126	642	873	0
1970 to 1974	3716	3020	353	343	0
1969 or earlier	2789	1661	776	352	0
Property New or Previously Owned When Acquired Acquired by purchase	57917	36306	7104	10945	3562
New	7090	4924	808	1358	0
Previously owned	49483	30218	6241	9461	3562
As residential property	46016	27963	5533	8959	3562
Converted from nonresidential use	3466	2255	709	502	0
Other	903	822	0	81	0
Not reported	442	342	54	45	0
Other properties	4827	3931	363	533	0
Not reported	1508	1333	130	45	0
Year Structure Built 1999 to March 2000	2632	1602	136	768	125
1997 and 1998	624	58	63	504	0
1995 and 1996	763	623	92	48	0
1990 to 1994	1468	956	334	127	49
1980 to 1989	4671	3772	219	680	0
1970 to 1979	5044	3562	367	1036	79
1960 to 1969	5220	2995	921	1245	59
1950 to 1959	4353	3792	243	318	0
1940 to 1949	6333	5034	146	914	239
1939 or earlier	33144	19176	5076	5882	3011
Purchase Price Per Housing Unit@8 Properties acquired by purchase 1997 to 2001 (part)	25390	16359	2009	4510	2512
Less than $20,000	9015	4882	567	1206	2359
$20,000 to $39,999	9421	6537	1050	1681	153
$40,000 to $59,999	3367	2827	133	407	0
$60,000 to $79,999	1561	937	157	468	0
$80,000 to $99,999	751	206	41	504	0
$100,000 to $124,999	61	0	61	0	0
$125,000 to $149,999	490	490	0	0	0
$150,000 to $174,999	0	0	0	0	0
$175,000 to $199,999	44	44	0	0	0
$200,000 to $249,999	0	0	0	0	0
$250,000 to $299,999	52	52	0	0	0
$300,000 to $499,999	182	182	0	0	0
$500,000 or more	243	0	0	243	0
Median	27598	29779	28335	32474	10648
Mean	39596	36747	33329	64563	18103
Other properties	38863	25212	5588	7013	1050
Value Less than $100,000	4132	1333	0	310	2489
$100,000 to $199,999	10877	8886	528	1338	125
$200,000 to $299,999	7606	5397	487	1721	0
$300,000 to $399,999	7402	4626	1183	1593	0
$400,000 to $499,999	4586	2851	1029	235	472
$500,000 to $749,999	6795	4909	229	1504	153
$750,000 to $999,999	6572	3517	1429	1415	210
$1,000,000 to $1,499,999	6535	3608	861	2007	59
$1,500,000 to $1,999,999	3156	2533	170	399	54
$2,000,000 to $2,999,999	2379	1504	520	355	0
$3,000,000 to $3,999,999	1652	665	678	309	0
$4,000,000 to $4,999,999	714	232	433	50	0
$5,000,000 or more	1848	1509	51	288	0
Median	446006	419069	809888	593915	71554
Mean	900201	913799	1189716	863808	241835
Value Per Housing Unit@8 Less than $20,000	10192	5348	381	1849	2615
$20,000 to $39,999	21263	15065	1937	3688	574
$40,000 to $59,999	12264	8863	1536	1491	374
$60,000 to $79,999	9532	6475	839	2218	0
$80,000 to $99,999	2939	1767	701	471	0
$100,000 to $124,999	2070	1145	218	707	0
$125,000 to $149,999	2518	766	1289	463	0
$150,000 to $174,999	837	445	0	393	0
$175,000 to $199,999	284	284	0	0	0
$200,000 to $249,999	171	120	51	0	0
$250,000 to $299,999	499	244	255	0	0
$300,000 to $499,999	999	999	0	0	0
$500,000 or more	685	51	390	243	0
Median	41095	40841	59276	43020	13625
Mean	62292	56696	111836	62137	22437
Value of Capital Improvements Properties with capital improvements between 1998 and 2000	36166	24982	4352	6082	751
Less than $5,000	6655	4686	725	1012	233
$5,000 to $9,999	4637	4243	64	330	0
$10,000 to $24,999	10203	7179	1202	1529	293
$25,000 to $49,999	5631	3852	928	792	59
$50,000 to $74,999	3036	1969	178	889	0
$75,000 to $99,999	1092	731	0	282	79
$100,000 to $149,999	1871	841	0	943	87
$150,000 to $199,999	1879	710	1122	47	0
$200,000 to $299,999	632	499	133	0	0
$300,000 or more	531	272	0	259	0
Median	19985	17443	29996	30387	17301
Mean	53842	47897	64462	72790	36595
Properties with no capital improvements between 1998 and 2000	16844	9588	1357	3162	2738
Capital improvements not reported	11242	7001	1889	2278	74
Value of Capital Improvements Per Unit Properties with capital improvements between 1998 and 2000	36166	24982	4352	6082	751
Less than $500	5247	3180	908	873	287
$500 to $999	9391	7749	311	1332	0
$1,000 to $2,499	10079	7328	1025	1429	298
$2,500 to $4,999	5459	3928	852	599	79
$5,000 to $7,499	1453	964	44	358	87
$7,500 to $9,999	582	250	89	243	0
$10,000 to $14,999	2482	1491	0	990	0
$15,000 to $19,999	304	0	304	0	0
$20,000 to $29,999	818	0	818	0	0
$30,000 or more	352	93	0	259	0
Median	1513	1320	2400	1879	1446
Mean	3856	2579	7867	6462	2012
Properties with no capital improvements between 1998 and 2000	16844	9588	1357	3162	2738
Capital improvements not reported	11242	7001	1889	2278	74
Monthly Rental Receipts Per Housing Unit Acquired before 2000	49107	31638	6285	9855	1329
Less than $100	3751	2274	295	1103	79
$100 to $199	2964	2252	139	573	0
$200 to $299	7289	5473	1128	360	329
$300 to $399	4325	3461	450	414	0
$400 to $499	9185	5302	337	3367	179
$500 to $599	5773	3497	258	1474	545
$600 to $799	4449	2568	1094	651	136
$800 to $999	6266	3810	1379	1076	0
$1000 or more	5105	3002	1205	838	59
No rental receipts	0	0	0	0	0
Median	468	445	698	474	514
Mean	829	628	1101	1347	465
Acquired 2000 and 2001 (part)	15146	9932	1312	1667	2234
Rental Receipts as Percent of Value@8 Acquired before 2000	49107	31638	6285	9855	1329
Less than 5 percent	1720	1157	98	465	0
5 to 9 percent	13941	7805	3380	2677	79
10 to 14 percent	13710	9623	962	2837	287
15 to 19 percent	9286	6950	791	1458	87
20 to 24 percent	4317	2301	554	1224	239
25 to 29 percent	2488	1532	54	573	329
30 to 39 percent	1249	1034	50	43	123
40 percent or more	2396	1237	396	578	184
Median	13	14	10	13	24
Acquired 2000 and 2001 (part)	15146	9932	1312	1667	2234
Rental Vacancy Losses as Percent of Potential Receipts Acquired before 2000	49107	31638	6285	9855	1329
Less than 1.0 percent	8057	5329	773	1722	233
1.0 to 2.9 percent	5758	3436	1036	1161	125
3.0 to 4.9 percent	5976	2263	1351	1854	508
5.0 to 6.9 percent	2459	2199	105	155	0
7.0 to 8.9 percent	2755	2001	246	453	54
9.0 to 10.9 percent	1549	437	54	1057	0
11.0 to 12.9 percent	384	224	53	106	0
13.0 to 14.9 percent	1237	1122	61	53	0
15.0 percent or more	6039	4545	235	929	329
Not reported or not computed	14893	10081	2370	2364	79
Median	4.1	4.8	3.2	3.9	4.0
Acquired 2000 and 2001 (part)	15146	9932	1312	1667	2234
Age Restrictions Property restricted to people age 55 or older	11378	6851	1543	2898	87
Property not restricted to people age 55 or older	49322	33556	5924	8528	1315
Not reported	3552	1164	130	97	2160
Age Composition Over one-half the residents of the building age 55 or older	2928	1916	318	695	0
Over one-half the residents of the building not age 55 or older	47394	31609	5529	6781	3476
Not reported	13930	8046	1750	4048	87
Meal Service Provided by Properties Exclusively or Predominantly Occupied by People Age 55 or Older Property provides meal service	8139	4388	1470	2194	87
Charge included in rent	5974	3350	1116	1422	87
Charge not included in rent	32	0	32	0	0
Not reported	2133	1038	322	773	0
Property does not provide meal service	3696	2565	437	695	0
Not reported	52417	34617	5690	8634	3476
Type of Property Benefits@1 Government-sponsored below-market interest rate mortgage loan	3427	2839	334	128	125
Government rental subsidy	10244	7558	586	1430	670
Government grant	470	302	43	0	125
Property tax relief	1690	551	145	870	125
Federal income tax credit for low-income, old or historic properties	825	602	98	0	125
Accelerated federal income tax depreciation for low- and moderate-income properties	246	246	0	0	0
Subsidy from a non-profit corporation	356	65	0	166	125
None of the above benefits	46212	28695	6031	8593	2892
Not reported	4093	3061	646	386	0
Source of Property Benefits@1 With property benefits	13947	9814	920	2544	670
Federal government	10578	7918	472	1518	670
State government	2314	1472	84	708	49
Local government	1177	655	187	286	49
Non-profit corporation	356	65	0	166	125
Not reported	300	0	300	0	0
With no property benefits	46212	28695	6031	8593	2892
Not reported	4093	3061	646	386	0
Reason for Benefits@1 With property benefits	13947	9814	920	2544	670
Occupied by low- or moderate-income individuals	10269	7669	608	1323	670
Occupied by elderly or disabled individuals	4027	2462	495	1021	49
A historic structure	59	59	0	0	0
Located in a community development or economic development area	863	799	0	64	0
Covered by a Homestead Exemption	0	0	0	0	0
Covered by a Community Land Trust	0	0	0	0	0
Covered by disaster relief	0	0	0	0	0
Other reason	848	711	0	137	0
Not reported	656	206	312	138	0
With no property benefits	46212	28695	6031	8593	2892
Not reported	4093	3061	646	386	0
Section 8 Rental Housing Certificates and Vouchers Property did or does have tenants receiving Section 8 assistance	25130	15248	2127	4506	3250
Property has never had tenants receiving Section 8 assistance	35213	23917	5248	5736	312
Not reported	3909	2405	223	1281	0
OWNER CHARACTERISTICS Type of Owner Individual investor(s)	36078	23732	3819	5818	2709
Limited partnership	9383	6687	676	1723	298
Joint venture	710	124	586	0	0
General partnership	3251	2051	807	319	74
Life insurance company	0	0	0	0	0
Depository institution	0	0	0	0	0
Public real estate investment trust	8	8	0	0	0
Private real estate investment trust	84	84	0	0	0
Corporation - other than real estate investment trust	12180	7019	1575	3154	432
Housing cooperative organization	706	465	91	150	0
Non-profit or church-related institution	908	806	43	60	0
Pension fund	0	0	0	0	0
Fraternal organization	0	0	0	0	0
Other	944	595	0	299	49
MORTGAGE CHARACTERISTICS Method of Loan Application By computer over the Internet or by e-mail	28	28	0	0	0
By telephone or FAX	5716	4287	607	736	87
By regular mail	4830	2779	747	1303	0
By personal visit	35789	22018	4539	6228	3003
Through third party (such as real estate agent or builder)	8956	6067	700	1892	298
Some other way	1107	1015	43	0	49
Not reported	6435	4137	810	1363	125
Not available	1390	1238	152	0	0
Origin of First Mortgage Mortgage made at time property acquired	44201	29296	4188	7730	2987
Mortgage assumed at the time property acquired	3409	2463	631	314	0
Mortgage placed later than acquisition of property	16643	9812	2778	3478	575
Refinanced mortgage	14526	8560	2778	2613	575
Same lender	4390	2766	679	945	0
Different lender	10135	5794	2099	1667	575
Mortgage placed on property owned free and clear of debt	2118	1252	0	866	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	16643	9812	2778	3478	575
Obtain lower interest rate	8543	5755	637	2047	103
Increase payment period for mortgage	306	0	306	0	0
Reduce payment period for mortgage	0	0	0	0	0
Renew or extend loan that had fallen due, without increasing outstanding balance	1635	630	919	86	0
Receive cash or increase outstanding balance of loan	4183	2113	865	733	472
Other reason	748	697	51	0	0
Not reported	1229	617	0	612	0
Other properties	47609	31758	4819	8044	2987
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	7432	4244	469	2437	282
Less than $100,000	3004	1790	306	676	233
$100,000 to $199,999	1991	1327	0	664	0
$200,000 to $299,999	526	192	0	285	49
$300,000 to $399,999	50	0	50	0	0
$400,000 to $499,999	865	252	47	566	0
$500,000 to $749,999	266	200	66	0	0
$750,000 to $999,999	312	266	0	45	0
$1,000,000 to $1,499,999	0	0	0	0	0
$1,500,000 to $1,999,999	43	43	0	0	0
$2,000,000 to $2,999,999	0	0	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	174	174	0	0	0
Not reported	0	0	0	0	0
Median	135758	125055	76621	181712	60621
Mean	447003	504942	214961	431893	91853
Properties that refinanced and did not receive cash back	7217	3679	2258	1042	239
Properties that refinanced and did not report if received cash back	1994	1888	51	0	54
Properties that did not refinance	47609	31758	4819	8044	2987
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	7432	4244	469	2437	282
For additions, improvements or repairs to this property	4461	2484	163	1532	282
To consolidate debts	2005	1231	353	421	0
For investment in other real estate	2768	1345	66	1308	49
For other types of investments	1257	968	0	289	0
For educational or medical expenses	199	0	0	199	0
To start a business	154	0	0	154	0
To settle a divorce	199	0	0	199	0
To pay taxes	237	38	0	199	0
To purchase an automobile, truck, or other vehicle	509	509	0	0	0
To purchase consumer product other than automobile, truck, or other vehicle	367	367	0	0	0
Other	232	152	0	80	0
Not reported	141	141	0	0	0
Properties that refinanced and did not receive cash back	7217	3679	2258	1042	239
Properties that refinanced and did not report if received cash back	1994	1888	51	0	54
Properties that did not refinance	47609	31758	4819	8044	2987
Not available	0	0	0	0	0
Year First Mortgage Made or Assumed 1999 to 2001 (part)	28523	16519	3446	6046	2512
1997 and 1998	14240	10164	930	2538	608
1995 and 1996	5251	3527	840	830	54
1990 to 1994	6887	4432	875	1250	329
1985 to 1989	4044	3089	354	542	59
1980 to 1984	2973	2295	405	273	0
1979 or earlier	2334	1544	747	43	0
First Mortgage Insurance Status FHA-insured first mortgage	3473	1857	689	694	233
VA-guaranteed first mortgage	0	0	0	0	0
Rural Housing Service-Rural Development- insured or -guaranteed first mortgage	1409	1234	0	0	175
Other federal, state, or local government-insured or guaranteed first mortgage	1694	1398	0	236	59
Insured conventional first mortgage	5229	3893	423	913	0
Uninsured conventional first mortgage	52449	33188	6486	9679	3096
Not reported	0	0	0	0	0
Traditional First Mortgage Loan Less than $50,000	1441	1214	0	227	0
$50,000 to $99,999	6799	3661	436	463	2239
$100,000 to $149,999	12029	9395	0	2067	568
$150,000 to $199,999	6703	3840	1384	1247	233
$200,000 to $249,999	5178	3729	394	930	125
$250,000 to $299,999	3468	3334	0	60	74
$300,000 to $399,999	5958	3536	1909	426	87
$400,000 to $499,999	4041	1518	860	1664	0
$500,000 to $749,999	7233	3359	1075	2726	74
$750,000 to $999,999	3073	1921	298	750	103
$1,000,000 to $1,499,999	3764	2908	500	356	0
$1,500,000 to $1,999,999	1737	1020	563	95	59
$2,000,000 or more	1386	1120	86	180	0
Not reported	1442	1017	92	333	0
Median	234420	222228	365862	407708	89113
Mean	435637	438465	529762	447761	167066
Total Mortgage Loan Less than $50,000	1441	1214	0	227	0
$50,000 to $99,999	6289	3151	436	463	2239
$100,000 to $149,999	11865	9231	0	2067	568
$150,000 to $199,999	6141	3723	1167	1018	233
$200,000 to $249,999	5125	3870	394	861	0
$250,000 to $299,999	3172	3038	0	60	74
$300,000 to $399,999	6535	3599	2126	724	87
$400,000 to $499,999	4376	1853	860	1664	0
$500,000 to $749,999	6704	2816	1075	2614	199
$750,000 to $999,999	3526	2418	200	804	103
$1,000,000 to $1,499,999	3923	3071	439	414	0
$1,500,000 to $1,999,999	2001	1185	661	95	59
$2,000,000 or more	1768	1441	148	180	0
Not reported	1386	961	92	333	0
Median	245824	230926	367044	407708	89113
Mean	469887	475451	561629	477926	187937
Traditional First Mortgage Outstanding Debt Less than $50,000	3013	2470	233	311	0
$50,000 to $99,999	10906	6367	378	1592	2568
$100,000 to $149,999	10004	7622	602	1541	239
$150,000 to $199,999	7425	4856	1082	1128	358
$200,000 to $249,999	4596	3879	0	717	0
$250,000 to $299,999	2903	1342	1316	171	74
$300,000 to $399,999	7077	4010	1330	1650	87
$400,000 to $499,999	2040	770	247	1022	0
$500,000 to $749,999	6181	3224	931	1898	128
$750,000 to $999,999	2841	1746	387	659	49
$1,000,000 to $1,499,999	3716	2656	732	269	59
$1,500,000 to $1,999,999	1124	843	180	101	0
$2,000,000 or more	985	768	86	131	0
Not reported	1442	1017	92	333	0
Median	196604	184967	303884	305072	84674
Mean	383468	385257	471313	390793	155027
Total Mortgage Outstanding Debt Less than $50,000	2406	1862	233	311	0
$50,000 to $99,999	10766	6228	378	1592	2568
$100,000 to $149,999	9987	7605	602	1541	239
$150,000 to $199,999	6704	4707	865	899	233
$200,000 to $249,999	4690	4041	0	649	0
$250,000 to $299,999	3016	1455	1316	171	74
$300,000 to $399,999	7561	3980	1547	1947	87
$400,000 to $499,999	1963	840	247	876	0
$500,000 to $749,999	6009	2839	931	1986	253
$750,000 to $999,999	3244	2250	228	717	49
$1,000,000 to $1,499,999	3742	2682	732	269	59
$1,500,000 to $1,999,999	1472	1093	278	101	0
$2,000,000 or more	1306	1028	148	131	0
Not reported	1386	961	92	333	0
Median	208896	193166	314199	319562	84674
Mean	404511	407825	492281	405365	175897
Current Interest Rate on First Mortgage Less than 6.0 percent	18906	13587	2569	2276	473
6.0 percent	712	242	0	141	329
6.1 to 6.4 percent	56	56	0	0	0
6.5 to 6.9 percent	1644	1156	294	194	0
7.0 percent	4557	4179	76	301	0
7.1 to 7.4 percent	2601	1154	81	1366	0
7.5 to 7.9 percent	5833	2180	943	2577	133
8.0 percent	1796	827	473	496	0
8.1 to 8.4 percent	2599	1035	1112	378	74
8.5 to 8.9 percent	3867	2720	391	756	0
9.0 percent	1631	914	277	353	87
9.1 to 9.4 percent	2501	47	0	221	2234
9.5 to 9.9 percent	1543	891	0	652	0
10.0 percent	1607	798	98	711	0
10.1 to 10.4 percent	390	0	390	0	0
10.5 to 10.9 percent	512	512	0	0	0
11.0 percent	1033	1033	0	0	0
11.1 to 12.9 percent	889	551	255	83	0
13.0 percent	266	266	0	0	0
13.1 percent or more	11311	9424	638	1016	233
Not reported	0	0	0	0	0
Median	7.8	7.6	7.9	7.8	9.2
Type of Interest Rate Buydown Properties with interest rate buydown	266	0	0	266	0
Constant payment	0	0	0	0	0
3-2-1 buydown	0	0	0	0	0
Other	0	0	0	0	0
Not reported	266	0	0	266	0
Properties without interest rate buydown	27567	14303	4339	6068	2857
Not reported	36420	27268	3258	5189	705
Term of First Mortgage Less than 5 years	499	428	71	0	0
5 years	2329	742	1392	194	0
6 to 9 years	1727	225	1134	368	0
10 years	4129	1489	847	1793	0
11 to 14 years	670	123	68	405	74
15 years	6981	4990	315	1548	128
16 to 19 years	478	130	347	0	0
20 years	2569	1013	0	1147	408
21 to 24 years	96	96	0	0	0
25 years	1095	610	0	485	0
26 to 29 years	178	178	0	0	0
30 years	9799	4969	852	1585	2393
More than 30 years	1300	1300	0	0	0
No stated term	32403	25277	2569	3997	559
Median	16	20	10	16	30
Unexpired Term of First Mortgage Less than 5 years	3812	1870	1196	746	0
5 to 9 years	6449	2683	2547	1218	0
10 to 14 years	7920	4306	355	2728	531
15 to 19 years	3039	1443	277	1240	79
20 to 24 years	3177	2283	458	436	0
25 to 29 years	5137	1441	196	1107	2393
30 or more years	2316	2267	0	49	0
No stated term or not computed	32403	25277	2569	3997	559
Median	14	14	8	13	27
Holder of First Mortgage Commercial bank or trust company	13226	7826	2293	3049	59
Savings and loan association, federal savings bank	10953	6556	1563	2138	696
Mutual savings bank	3240	1193	89	1805	153
Life insurance company	3179	2640	306	0	233
Mortgage banker or mortgage company	3393	2947	359	0	87
Federally-sponsored secondary market agency or pool	16121	12336	1725	2061	0
Conventional mortgage pool	79	41	38	0	0
Other federal agency	1757	1582	120	55	0
Real estate investment trust	3866	552	188	966	2160
Pension or retirement fund	156	156	0	0	0
Credit union	2128	1542	0	461	125
Finance company	529	144	0	384	0
State or municipal government or housing finance agency	2390	1789	601	0	0
Individual or individual's estate	2480	1909	316	205	49
Other	754	355	0	398	0
First Mortgage Loan as a Percent of Purchase Price Properties acquired by purchase with first mortgage made or assumed at time of purchase	42621	27591	4377	7666	2987
Less than 40 percent	2158	1744	335	0	79
40 to 49 percent	1308	626	0	681	0
50 to 59 percent	1107	583	44	480	0
60 to 69 percent	4723	3060	323	1253	87
70 to 79 percent	6079	3339	657	2010	74
80 to 89 percent	6768	3367	519	722	2160
90 to 94 percent	1977	1795	129	53	0
95 to 99 percent	1922	1475	402	45	0
100 percent or more	15139	10494	1969	2088	587
Not reported	1441	1108	0	333	0
Median	88	91	97	76	86
Other properties	21632	13979	3220	3857	575
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	42621	27591	4377	7666	2987
Less than 40 percent	2505	2003	274	229	0
40 to 49 percent	946	493	0	453	0
50 to 59 percent	2595	1100	259	1162	74
60 to 69 percent	11818	8141	882	2709	87
70 to 79 percent	7880	3167	245	2229	2239
80 to 89 percent	3477	2534	892	51	0
90 to 94 percent	1107	1024	31	53	0
95 to 99 percent	1594	1119	402	0	74
100 percent or more	9460	7105	1393	448	514
Not reported	1239	906	0	333	0
Median	74	75	86	67	76
Other properties	21632	13979	3220	3857	575
Not available	0	0	0	0	0
First Mortgage Risk Subprime loan	3289	2946	187	156	0
Not subprime loan	60963	38624	7410	11367	3562
Not reported	0	0	0	0	0
Index Used to Adjust Interest Rate on ARM Properties with adjustable rate first mortgage	15085	0	0	11523	3562
Treasury security	5512	0	0	3224	2288
Average cost of funds in bank district	0	0	0	0	0
National average cost of funds	440	0	0	440	0
OTS contract mortgage rate	0	0	0	0	0
Other method	3741	0	0	3332	408
No index used	161	0	0	0	161
Not reported	5231	0	0	4526	705
Other properties	49167	41570	7597	0	0
Not reported	0	0	0	0	0
Frequency With Which Rate Can Be Adjusted Properties with adjustable rate first mortgage	15085	0	0	11523	3562
Monthly	310	0	0	310	0
Every 3 months	0	0	0	0	0
Every 6 months	0	0	0	0	0
Yearly	1718	0	0	1718	0
Every 3 years	1292	0	0	1292	0
Every 5 years	2911	0	0	2783	128
Other	4093	0	0	1437	2655
Not reported	4761	0	0	3981	779
Other properties	49167	41570	7597	0	0
Not reported	0	0	0	0	0
Caps on Interest Rate Per Adjustment Period Properties with adjustable rate first mortgage	15085	0	0	11523	3562
Less than 1 percent	0	0	0	0	0
1 percent	0	0	0	0	0
1.1 to 1.9 percent	0	0	0	0	0
2 percent	3130	0	0	970	2160
2.1 to 2.9 percent	0	0	0	0	0
3 percent	229	0	0	229	0
3.1 to 3.9 percent	0	0	0	0	0
4.0 percent or more	311	0	0	311	0
No caps	6649	0	0	6113	536
Not reported	4767	0	0	3900	866
Other properties	49167	41570	7597	0	0
Not reported	0	0	0	0	0
Caps on Interest Rate Over Life of ARM Properties with adjustable rate first mortgage	15085	0	0	11523	3562
Less than 1 percent	0	0	0	0	0
1 percent	0	0	0	0	0
1.1 to 1.9 percent	0	0	0	0	0
2 percent	0	0	0	0	0
2.1 to 2.9 percent	0	0	0	0	0
3 percent	0	0	0	0	0
3.1 to 3.9 percent	0	0	0	0	0
4.0 percent or more	2822	0	0	583	2239
No caps	6205	0	0	5661	544
Not reported	6058	0	0	5279	779
Other properties	49167	41570	7597	0	0
Not reported	0	0	0	0	0
Interest Rate Changed Since Mortgage Made Properties with adjustable rate first mortgage	15085	0	0	11523	3562
Yes, rate has changed	3762	0	0	3379	383
No change since mortgage made	6644	0	0	4244	2400
Not reported	4680	0	0	3900	779
Other properties	49167	41570	7597	0	0
Not reported	0	0	0	0	0
Percentage of Margin Over Index on ARM Properties with adjustable rate first mortgage	15085	0	0	11523	3562
Less than 1 percent	123	0	0	123	0
1 percent	0	0	0	0	0
1.1 to 1.9 percent	586	0	0	507	79
2 percent	217	0	0	217	0
2.1 to 2.9 percent	5470	0	0	3182	2288
3 percent	997	0	0	997	0
3.1 to 3.9 percent	269	0	0	269	0
4 percent	171	0	0	171	0
4.1 to 4.9 percent	229	0	0	229	0
5 percent or more	1125	0	0	1125	0
Not reported	5898	0	0	4703	1195
Median	2.7	0.0	0.0	2.8	2.5
Other properties	49167	41570	7597	0	0
Not reported	0	0	0	0	0
ARM Convertible to Fixed Rate Mortgage Properties with adjustable rate first mortgage	15085	0	0	11523	3562
Can be converted	528	0	0	528	0
Cannot be converted	9664	0	0	6807	2857
Not reported	4893	0	0	4187	705
Other properties	49167	41570	7597	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	135	0	0	48	87
Payments can change monthly	87	0	0	0	87
Payments can change every three months	0	0	0	0	0
Payments can change every six months	0	0	0	0	0
Payments can change yearly	48	0	0	48	0
Payments can change every 3 years	0	0	0	0	0
Payments can change every 5 years	0	0	0	0	0
Other	0	0	0	0	0
Not reported	0	0	0	0	0
Monthly payments cannot change	58816	41570	7597	6878	2770
Not reported	5301	0	0	4596	705
First Mortgage Allows for Negative Amortization Monthly payments can change (other than change in interest rate)	135	0	0	48	87
Yes, unrestricted negative amortization	0	0	0	0	0
Yes, restricted negative amortization	0	0	0	0	0
No negative amortization allowed	135	0	0	48	87
Not reported	0	0	0	0	0
Monthly payments cannot change	58816	41570	7597	6878	2770
Not reported	5301	0	0	4596	705
MORTGAGE PAYMENTS AND OTHER EXPENSES Method of Payment of First Mortgage Regular payments of interest and/or principal	62317	40202	7407	11145	3562
Interest and principal	62241	40202	7407	11069	3562
Fully amortized	47019	35704	343	7698	3274
Not fully amortized	15222	4498	7065	3371	288
Interest only	76	0	0	76	0
No regular payments required	209	67	98	45	0
Not reported	1726	1301	92	333	0
Items Included in First Mortgage Payment@1 Regular monthly payments of both interest and principal	62241	40202	7407	11069	3562
Real estate taxes	15169	7648	2183	5211	128
Property insurance	5412	3912	20	1480	0
Mortgage insurance	687	687	0	0	0
Other	3321	2613	50	659	0
No items included or not reported	46224	31707	5224	5859	3435
No regular payments of interest and principal	2011	1368	190	453	0
Monthly Interest and Principal Payments on First Mortgage Per Housing Unit Regular monthly payments of interest and/or principal	64043	41504	7499	11478	3562
Less than $100	7924	5586	433	1626	278
$100 to $199	19797	12485	1109	3572	2630
$200 to $299	11765	7978	1714	1718	356
$300 to $399	7120	5108	891	883	239
$400 to $499	4465	2297	1069	1040	59
$500 to $599	3337	1617	870	850	0
$600 to $699	1390	1171	0	219	0
$700 to $799	1149	538	390	220	0
$800 to $899	864	403	32	429	0
$900 to $999	419	419	0	0	0
$1,000 to $1,249	138	138	0	0	0
$1,250 to $1,499	1015	1015	0	0	0
$1,500 or more	2934	1447	900	587	0
Not reported	1726	1301	92	333	0
Median	229	225	350	222	157
Mean	541	405	1146	756	148
No regular payments required	209	67	98	45	0
Current First Mortgage Payment Status Regular monthly payments of principal and/or interest	64043	41504	7499	11478	3562
Up-to-date, ahead of schedule, or less than 90 days past due	29569	15516	3909	7287	2857
Delinquent by 90 days or more	44	0	44	0	0
Legal proceedings have begun	0	0	0	0	0
Legal proceedings have not begun	44	0	44	0	0
Not reported	0	0	0	0	0
Not reported	34431	25988	3546	4191	705
Other properties	209	67	98	45	0
Monthly Interest and Principal Payments on Total Mortgages Per Housing Unit Regular monthly payments of interest and/or principal	64043	41504	7499	11478	3562
Less than $100	9166	6403	525	1959	278
$100 to $199	18667	11592	1100	3344	2630
$200 to $299	12115	8319	1722	1718	356
$300 to $399	8011	5828	891	1054	239
$400 to $499	4304	2289	1038	918	59
$500 to $599	3518	1673	901	945	0
$600 to $699	1397	1178	0	219	0
$700 to $799	1234	538	390	306	0
$800 to $899	819	403	32	384	0
$900 to $999	419	419	0	0	0
$1,000 to $1,249	279	234	0	45	0
$1,250 to $1,499	781	781	0	0	0
$1,500 or more	3332	1845	900	587	0
Not reported	0	0	0	0	0
Median	235	233	345	225	157
Mean	541	409	1133	742	178
No regular payments required	209	67	98	45	0
Interest and Principal Payment on First Mortgage as Percent of Rental Receipts Acquired before 2000 and regular payments of interest and/or princi	47616	30472	6095	9720	1329
Less than 20 percent	3904	2896	304	506	199
20 to 29 percent	6576	3868	1116	1459	133
30 to 39 percent	7152	4324	671	1962	195
40 to 49 percent	9110	6642	831	1405	233
50 to 59 percent	4737	2200	1072	898	568
60 to 69 percent	2998	2158	637	202	0
70 to 79 percent	1342	1269	73	0	0
80 to 89 percent	2317	978	300	1038	0
90 to 99 percent	1117	869	0	248	0
100 percent or more	8363	5269	1092	2002	0
Not reported or not computed	0	0	0	0	0
Median	47	46	51	47	46
Other properties	16637	11098	1502	1802	2234
Interest and Principal Payment on Total Mortgages as Percent of Rental Receipts Acquired before 2000 and regular payments of interest and/or principal	47833	30591	6193	9720	1329
Less than 20 percent	3778	2769	304	506	199
20 to 29 percent	5906	3466	1076	1230	133
30 to 39 percent	7242	4383	702	1962	195
40 to 49 percent	9183	6773	831	1347	233
50 to 59 percent	4920	2146	1080	1126	568
60 to 69 percent	3049	2054	735	260	0
70 to 79 percent	1642	1569	73	0	0
80 to 89 percent	2327	1074	300	953	0
90 to 99 percent	1117	869	0	248	0
100 percent or more	8669	5488	1092	2088	0
Not reported or not computed	0	0	0	0	0
Median	48	47	52	49	46
Other properties	16420	10979	1405	1802	2234
Real Estate Tax Per $1,000 Value Acquired before 2000	49107	31638	6285	9855	1329
Less than $5	6320	3928	1101	1291	0
$5 to $9	3784	2029	978	458	320
$10 to $14	9132	5512	1101	2465	54
$15 to $19	5312	4185	720	407	0
$20 to $24	5910	4119	223	1270	298
$25 to $29	5646	3373	1242	1031	0
$30 to $39	12425	8096	827	2844	657
$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	552	370	92	90	0
Median	20	20	15	21	25
Acquired 2000 and 2001 (part)	15146	9932	1312	1667	2234
Real Estate Tax as Percent of Rental Receipts Acquired before 2000	49107	31638	6285	9855	1329
Less than 5 percent	4693	3015	637	915	125
5 to 9 percent	12715	7869	1772	2646	428
10 to 14 percent	9640	6455	1362	1127	696
15 to 19 percent	10289	7267	925	2097	0
20 to 24 percent	4089	2252	0	1837	0
25 to 29 percent	2562	1455	793	313	0
30 to 34 percent	1399	1354	0	45	0
35 to 39 percent	501	501	0	0	0
40 percent or more	2668	1101	703	785	79
Not reported or not computed	552	370	92	90	0
Median	14	14	13	15	11
Acquired 2000 and 2001 (part)	15146	9932	1312	1667	2234
Property Management Property managed by paid property management company	24177	16970	3584	3335	288
Property not managed by paid property management company	38010	23382	3883	7471	3275
Not reported	2065	1218	130	717	0
Property Management and Administration Expenses Per Housing Unit Acquired before 2000	49107	31638	6285	9855	1329
Less than $100	1899	1113	0	548	239
$100 to $199	1513	809	0	703	0
$200 to $299	1474	954	303	218	0
$300 to $399	3411	2200	167	1044	0
$400 to $499	3341	2097	203	1041	0
$500 to $599	2111	1066	140	905	0
$600 to $699	1022	879	66	78	0
$700 to $799	1393	931	403	0	59
$800 to $899	1102	215	887	0	0
$900 to $999	399	399	0	0	0
$1,000 to $1,249	1894	1317	162	365	49
$1,250 to $1,499	529	362	43	0	125
$1,500 to $1,999	1189	841	255	93	0
$2,000 to $2,499	96	35	61	0	0
$2,500 or more	1074	585	288	201	0
No expenses	18826	12813	2099	3059	856
Not reported or not computed	7835	5024	1210	1601	0
Median	488	487	823	408	99
Acquired 2000 and 2001 (part)	15146	9932	1312	1667	2234
Maintenance and Repair Expenses Per Housing Unit Acquired before 2000	49107	31638	6285	9855	1329
Less than $100	1152	468	152	293	239
$100 to $199	4024	3036	0	659	329
$200 to $299	2969	971	852	1066	79
$300 to $399	2005	1547	0	404	54
$400 to $499	2195	1732	324	139	0
$500 to $599	2880	1810	259	812	0
$600 to $699	2201	996	369	604	233
$700 to $799	3344	1672	93	1579	0
$800 to $899	3447	2379	913	155	0
$900 to $999	1435	1415	20	0	0
$1,000 to $1,249	4040	2927	287	613	212
$1,250 to $1,499	4231	3141	292	725	74
$1,500 to $1,999	1883	1510	42	281	49
$2,000 to $2,499	2015	1332	480	202	0
$2,500 or more	3097	1376	641	1080	0
No expenses	1155	804	292	0	59
Not reported or not computed	7035	4524	1268	1243	0
Median	791	839	834	721	284
Acquired 2000 and 2001 (part)	15146	9932	1312	1667	2234
Utility and Fuel Expenses Per Housing Unit Acquired before 2000	49107	31638	6285	9855	1329
Less than $250	3913	3268	248	319	79
$250 to $499	6460	2645	1367	2448	0
$500 to $749	7164	4175	1348	1641	0
$750 to $999	6747	3681	762	1544	759
$1,000 to $1,249	5371	4062	90	729	490
$1,250 to $1,499	2617	1980	507	129	0
$1,500 to $1,749	2311	2223	0	88	0
$1,750 to $1,999	1057	822	0	235	0
$2,000 to $2,499	1819	933	319	566	0
$2,500 or more	1658	280	760	619	0
No expenses	3399	3015	0	384	0
Not reported or not computed	6590	4555	883	1152	0
Median	825	882	701	712	943
Acquired 2000 and 2001 (part)	15146	9932	1312	1667	2234