Residential Finance Survey

Residential Finance Survey: 2001 - Midwest
Table 6-2c. 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	76303	46308	9887	19030	1078
PROPERTY CHARACTERISTICS Number of Housing Units 5 to 9 housing units	41190	23845	5804	11384	158
10 to 19 housing units	19507	12022	2105	4539	841
20 to 29 housing units	8635	5163	1586	1841	46
30 to 39 housing units	3565	2804	161	600	0
40 to 49 housing units	3406	2475	231	667	34
Manner of Acquisition By purchase	71815	43153	9173	18410	1078
Placed one new mortgage	58761	35603	7362	14983	814
Placed two or more new mortgages	5883	4267	383	1088	146
Assumed mortgage(s) already on property	2572	1790	235	547	0
Assumed mortgage(s) already on property and placed new mortgage	282	282	0	0	0
Borrowed using assets other than this property as collateral	1989	986	834	170	0
Paid all cash-no borrowing	1387	37	178	1053	119
Other manner	939	188	182	569	0
By inheritance or gift	646	210	436	0	0
By divorce	0	0	0	0	0
By tax free exchange of other property	252	57	0	195	0
By foreclosure or assignment	0	0	0	0	0
By some other manner	821	821	0	0	0
Not reported	2769	2067	277	425	0
Source of Downpayment@1 Properties purchased 1995 to 2001 (part)	38849	23411	5593	9267	578
Sale of stock or other partnership shares for this project	1966	1929	0	37	0
Sale of previously owned stocks, shares, or other securities	644	187	365	0	93
Sale of land or other real estate	2826	1239	872	715	0
Owner's cash, bank deposits, share accounts, or bonds	17043	10451	1536	4724	331
Borrowing from a retirement plan	180	87	0	0	93
Borrowing using assets other than this property as collateral	5233	2964	1189	940	140
Proceeds from an insurance policy	210	210	0	0	0
From a state or local government source	177	143	0	0	34
From a non-profit organization	0	0	0	0	0
Proceeds from sale of tax credits	1059	1020	39	0	0
From parents or relatives	1727	1325	244	158	0
Other cash source	1257	766	293	199	0
Non-cash source	29	0	0	29	0
No downpayment required	4169	1202	1073	1786	107
Not reported	5166	3490	354	1322	0
Other properties	36091	21816	4135	9639	500
Not reported	1364	1080	159	124	0
Year Property Acquired 1999 to 2001 (part)	19187	11216	3889	3817	265
1997 and 1998	13647	7850	1185	4345	267
1995 and 1996	7607	5655	678	1229	46
1990 to 1994	13883	7752	1194	4937	0
1985 to 1989	8393	4597	989	2570	236
1980 to 1984	5624	3829	342	1307	146
1975 to 1979	4571	3004	1080	486	0
1970 to 1974	2308	1564	419	205	119
1969 or earlier	1083	840	110	133	0
Property New or Previously Owned When Acquired Acquired by purchase	71815	43153	9173	18410	1078
New	16575	10719	1648	3662	546
Previously owned	53035	31504	7306	13692	533
As residential property	49523	29280	7227	12629	387
Converted from nonresidential use	3512	2225	79	1063	146
Other	484	158	0	326	0
Not reported	1721	771	220	730	0
Other properties	1719	1088	436	195	0
Not reported	2769	2067	277	425	0
Year Structure Built 1999 to March 2000	2587	2023	36	420	107
1997 and 1998	3705	1790	310	1464	140
1995 and 1996	1958	1073	309	542	34
1990 to 1994	6463	3721	897	1844	0
1980 to 1989	8800	6226	542	1740	292
1970 to 1979	18476	11677	1805	4577	416
1960 to 1969	11357	7447	1755	2065	90
1950 to 1959	4250	3219	36	995	0
1940 to 1949	4081	2357	452	1272	0
1939 or earlier	14627	6773	3744	4110	0
Purchase Price Per Housing Unit@8 Properties acquired by purchase 1997 to 2001 (part)	31822	18247	5004	8038	532
Less than $20,000	6931	3141	1987	1710	93
$20,000 to $39,999	14539	9372	1504	3398	265
$40,000 to $59,999	5722	2674	946	2069	34
$60,000 to $79,999	1496	920	243	333	0
$80,000 to $99,999	1081	888	0	53	140
$100,000 to $124,999	435	179	0	256	0
$125,000 to $149,999	699	699	0	0	0
$150,000 to $174,999	0	0	0	0	0
$175,000 to $199,999	220	0	0	220	0
$200,000 to $249,999	453	129	324	0	0
$250,000 to $299,999	130	130	0	0	0
$300,000 to $499,999	115	115	0	0	0
$500,000 or more	0	0	0	0	0
Median	32353	32767	26847	33593	33026
Mean	42707	44263	41935	39417	46293
Other properties	44481	28061	4883	10992	546
Value Less than $100,000	2898	2042	413	444	0
$100,000 to $199,999	12031	6593	1450	3988	0
$200,000 to $299,999	12455	6933	1868	3654	0
$300,000 to $399,999	10599	6261	1931	2010	397
$400,000 to $499,999	6889	4276	259	2202	153
$500,000 to $749,999	8965	5317	979	2523	146
$750,000 to $999,999	7470	4451	1534	1486	0
$1,000,000 to $1,499,999	7644	5519	732	1253	140
$1,500,000 to $1,999,999	1873	1357	0	515	0
$2,000,000 to $2,999,999	2143	1347	104	574	119
$3,000,000 to $3,999,999	1754	1195	252	274	34
$4,000,000 to $4,999,999	108	108	0	0	0
$5,000,000 or more	1474	911	364	109	90
Median	402446	431008	362759	371137	492779
Mean	733538	788425	742904	564369	1275967
Value Per Housing Unit@8 Less than $20,000	8681	6295	697	1644	46
$20,000 to $39,999	34414	19461	4737	9711	505
$40,000 to $59,999	13667	7744	2519	3257	146
$60,000 to $79,999	7237	4752	0	2451	34
$80,000 to $99,999	1762	958	290	375	140
$100,000 to $124,999	2273	1346	0	927	0
$125,000 to $149,999	2530	2006	524	0	0
$150,000 to $174,999	1372	1120	252	0	0
$175,000 to $199,999	1100	118	503	479	0
$200,000 to $249,999	1519	1174	40	186	119
$250,000 to $299,999	827	738	0	0	90
$300,000 to $499,999	58	58	0	0	0
$500,000 or more	862	538	324	0	0
Median	37127	37326	37929	36210	39562
Mean	61278	63954	76083	45606	87155
Value of Capital Improvements Properties with capital improvements between 1998 and 2000	41021	26282	5528	8683	528
Less than $5,000	8491	5455	1473	1563	0
$5,000 to $9,999	8671	5534	664	2380	93
$10,000 to $24,999	11846	6615	2099	2697	434
$25,000 to $49,999	6003	4371	432	1200	0
$50,000 to $74,999	1747	1134	307	305	0
$75,000 to $99,999	836	721	34	81	0
$100,000 to $149,999	1444	966	478	0	0
$150,000 to $199,999	381	346	0	35	0
$200,000 to $299,999	755	525	0	229	0
$300,000 or more	848	615	40	193	0
Median	14241	14880	14484	12218	15886
Mean	334617	506245	30869	27992	13995
Properties with no capital improvements between 1998 and 2000	20514	10836	2837	6589	253
Capital improvements not reported	14768	9190	1522	3758	298
Value of Capital Improvements Per Unit Properties with capital improvements between 1998 and 2000	41021	26282	5528	8683	528
Less than $500	9113	5926	1701	1359	128
$500 to $999	7935	5874	345	1580	135
$1,000 to $2,499	15009	7866	2532	4346	265
$2,500 to $4,999	4269	2866	569	833	0
$5,000 to $7,499	1106	1061	0	45	0
$7,500 to $9,999	1021	878	0	143	0
$10,000 to $14,999	300	300	0	0	0
$15,000 to $19,999	743	743	0	0	0
$20,000 to $29,999	850	284	381	185	0
$30,000 or more	677	484	0	193	0
Median	1346	1256	1425	1484	1005
Mean	40509	61649	2884	2874	1032
Properties with no capital improvements between 1998 and 2000	20514	10836	2837	6589	253
Capital improvements not reported	14768	9190	1522	3758	298
Monthly Rental Receipts Per Housing Unit Acquired before 2000	63378	39032	7226	16200	920
Less than $100	4247	2464	351	1432	0
$100 to $199	6811	4886	382	1543	0
$200 to $299	9076	5011	1309	2617	139
$300 to $399	13498	7512	1988	3729	270
$400 to $499	9994	6320	778	2643	253
$500 to $599	6194	4245	935	1014	0
$600 to $799	4592	2864	236	1492	0
$800 to $999	3820	2315	276	1089	140
$1000 or more	4968	3414	971	464	119
No rental receipts	178	0	0	178	0
Median	385	395	379	365	420
Mean	655	716	598	540	562
Acquired 2000 and 2001 (part)	12925	7276	2661	2830	158
Rental Receipts as Percent of Value@8 Acquired before 2000	63378	39032	7226	16200	920
Less than 5 percent	1726	1286	91	259	90
5 to 9 percent	20896	13586	2336	4821	153
10 to 14 percent	18511	11760	1514	4858	379
15 to 19 percent	13272	6018	2125	4829	299
20 to 24 percent	4295	3081	327	887	0
25 to 29 percent	1463	932	495	35	0
30 to 39 percent	1209	1064	134	11	0
40 percent or more	1710	1302	86	322	0
Median	12	12	14	13	13
Acquired 2000 and 2001 (part)	12925	7276	2661	2830	158
Rental Vacancy Losses as Percent of Potential Receipts Acquired before 2000	63378	39032	7226	16200	920
Less than 1.0 percent	9235	5178	1241	2670	146
1.0 to 2.9 percent	7458	4365	959	2133	0
3.0 to 4.9 percent	6078	4345	173	1274	285
5.0 to 6.9 percent	6523	3619	877	1891	135
7.0 to 8.9 percent	3872	3348	172	245	107
9.0 to 10.9 percent	2238	1864	211	162	0
11.0 to 12.9 percent	1991	1293	392	306	0
13.0 to 14.9 percent	1344	831	365	30	119
15.0 percent or more	8485	4245	766	3380	93
Not reported or not computed	16154	9943	2069	4108	34
Median	5.3	5.4	5.5	5.0	5.2
Acquired 2000 and 2001 (part)	12925	7276	2661	2830	158
Age Restrictions Property restricted to people age 55 or older	23323	14619	2986	5117	601
Property not restricted to people age 55 or older	49737	29069	6776	13415	478
Not reported	3243	2620	125	498	0
Age Composition Over one-half the residents of the building age 55 or older	5115	2085	558	2437	34
Over one-half the residents of the building not age 55 or older	42982	25692	6217	10629	444
Not reported	28206	18530	3111	5964	601
Meal Service Provided by Properties Exclusively or Predominantly Occupied by People Age 55 or Older Property provides meal service	12909	8608	1431	2496	375
Charge included in rent	10009	6478	1191	2148	191
Charge not included in rent	79	79	0	0	0
Not reported	2821	2050	239	348	183
Property does not provide meal service	8260	5025	419	2663	153
Not reported	55134	32675	8037	13871	551
Type of Property Benefits@1 Government-sponsored below-market interest rate mortgage loan	4521	3470	376	674	0
Government rental subsidy	8967	6549	973	1252	192
Government grant	299	77	57	131	34
Property tax relief	1722	1045	116	408	153
Federal income tax credit for low-income, old or historic properties	1752	1123	522	106	0
Accelerated federal income tax depreciation for low- and moderate-income properties	66	27	39	0	0
Subsidy from a non-profit corporation	112	112	0	0	0
None of the above benefits	57126	32840	7777	15742	767
Not reported	5689	3710	848	1131	0
Source of Property Benefits@1 With property benefits	13488	9758	1262	2157	311
Federal government	9344	6729	1193	1387	34
State government	2095	1858	0	79	158
Local government	2698	1741	69	770	119
Non-profit corporation	112	112	0	0	0
Not reported	179	179	0	0	0
With no property benefits	57126	32840	7777	15742	767
Not reported	5689	3710	848	1131	0
Reason for Benefits@1 With property benefits	13488	9758	1262	2157	311
Occupied by low- or moderate-income individuals	11198	8187	1113	1864	34
Occupied by elderly or disabled individuals	4633	3534	396	392	311
A historic structure	314	79	40	195	0
Located in a community development or economic development area	1128	360	39	729	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	40	0	40	0	0
Not reported	1006	1006	0	0	0
With no property benefits	57126	32840	7777	15742	767
Not reported	5689	3710	848	1131	0
Section 8 Rental Housing Certificates and Vouchers Property did or does have tenants receiving Section 8 assistance	19682	11945	2677	4733	328
Property has never had tenants receiving Section 8 assistance	48649	28625	7050	12223	751
Not reported	7972	5738	159	2074	0
OWNER CHARACTERISTICS Type of Owner Individual investor(s)	40886	21885	6734	11594	672
Limited partnership	13934	10472	837	2371	253
Joint venture	1725	1205	276	244	0
General partnership	3976	2793	600	583	0
Life insurance company	0	0	0	0	0
Depository institution	165	165	0	0	0
Public real estate investment trust	127	127	0	0	0
Private real estate investment trust	120	120	0	0	0
Corporation - other than real estate investment trust	9187	4875	1086	3226	0
Housing cooperative organization	34	34	0	0	0
Non-profit or church-related institution	2659	2006	134	367	153
Pension fund	0	0	0	0	0
Fraternal organization	0	0	0	0	0
Other	3488	2625	220	644	0
MORTGAGE CHARACTERISTICS Method of Loan Application By computer over the Internet or by e-mail	0	0	0	0	0
By telephone or FAX	7684	3629	1837	1967	252
By regular mail	4955	3042	1031	882	0
By personal visit	49322	28857	5680	14077	708
Through third party (such as real estate agent or builder)	4984	3908	471	605	0
Some other way	1895	1031	199	547	119
Not reported	6560	5093	514	953	0
Not available	902	748	154	0	0
Origin of First Mortgage Mortgage made at time property acquired	57274	36858	6576	13081	759
Mortgage assumed at the time property acquired	2744	2110	154	480	0
Mortgage placed later than acquisition of property	16286	7340	3157	5469	320
Refinanced mortgage	14947	7175	2522	4931	320
Same lender	4498	2242	909	1121	226
Different lender	10449	4933	1613	3809	93
Mortgage placed on property owned free and clear of debt	1339	166	635	538	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	16286	7340	3157	5469	320
Obtain lower interest rate	7681	5452	993	1118	119
Increase payment period for mortgage	84	84	0	0	0
Reduce payment period for mortgage	834	0	834	0	0
Renew or extend loan that had fallen due, without increasing outstanding balance	1395	441	0	847	107
Receive cash or increase outstanding balance of loan	3026	1171	949	812	93
Other reason	1929	147	381	1401	0
Not reported	1337	45	0	1292	0
Other properties	60017	38968	6730	13561	759
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	4772	1989	1474	1216	93
Less than $100,000	2381	1227	806	347	0
$100,000 to $199,999	728	78	325	231	93
$200,000 to $299,999	253	112	66	75	0
$300,000 to $399,999	276	0	276	0	0
$400,000 to $499,999	886	393	0	492	0
$500,000 to $749,999	0	0	0	0	0
$750,000 to $999,999	0	0	0	0	0
$1,000,000 to $1,499,999	71	0	0	71	0
$1,500,000 to $1,999,999	0	0	0	0	0
$2,000,000 to $2,999,999	0	0	0	0	0
$3,000,000 to $3,999,999	0	0	0	0	0
$4,000,000 to $4,999,999	0	0	0	0	0
$5,000,000 or more	179	179	0	0	0
Not reported	0	0	0	0	0
Median	100702	81028	91389	239792	150000
Mean	357069	571168	130152	299940	123000
Properties that refinanced and did not receive cash back	9200	4796	1683	2614	107
Properties that refinanced and did not report if received cash back	2313	555	0	1639	119
Properties that did not refinance	60017	38968	6730	13561	759
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	4772	1989	1474	1216	93
For additions, improvements or repairs to this property	2447	928	1132	388	0
To consolidate debts	1487	754	504	136	93
For investment in other real estate	1368	703	504	68	93
For other types of investments	232	0	0	139	93
For educational or medical expenses	396	168	228	0	0
To start a business	0	0	0	0	0
To settle a divorce	0	0	0	0	0
To pay taxes	34	0	0	34	0
To purchase an automobile, truck, or other vehicle	0	0	0	0	0
To purchase consumer product other than automobile, truck, or other vehicle	0	0	0	0	0
Other	647	45	66	536	0
Not reported	189	28	0	161	0
Properties that refinanced and did not receive cash back	9200	4796	1683	2614	107
Properties that refinanced and did not report if received cash back	2313	555	0	1639	119
Properties that did not refinance	60017	38968	6730	13561	759
Not available	0	0	0	0	0
Year First Mortgage Made or Assumed 1999 to 2001 (part)	31669	15873	5764	9673	359
1997 and 1998	14474	10171	1517	2493	293
1995 and 1996	6783	4751	303	1594	135
1990 to 1994	11803	7241	1239	3322	0
1985 to 1989	4043	2170	401	1326	146
1980 to 1984	2678	2129	0	404	146
1979 or earlier	4853	3973	663	217	0
First Mortgage Insurance Status FHA-insured first mortgage	6000	5131	60	809	0
VA-guaranteed first mortgage	0	0	0	0	0
Rural Housing Service-Rural Development- insured or -guaranteed first mortgage	5108	5051	57	0	0
Other federal, state, or local government-insured or guaranteed first mortgage	2739	1862	344	534	0
Insured conventional first mortgage	6997	4924	684	1232	158
Uninsured conventional first mortgage	55459	29340	8743	16456	920
Not reported	0	0	0	0	0
Traditional First Mortgage Loan Less than $50,000	2794	2112	413	269	0
$50,000 to $99,999	9065	4374	1404	3287	0
$100,000 to $149,999	9752	5825	1650	2074	204
$150,000 to $199,999	9923	6643	1055	1989	236
$200,000 to $249,999	5076	2832	692	1458	93
$250,000 to $299,999	5401	2989	358	2055	0
$300,000 to $399,999	5594	1912	1805	1624	253
$400,000 to $499,999	6610	4285	1272	1053	0
$500,000 to $749,999	8195	5916	139	2140	0
$750,000 to $999,999	4171	3160	379	632	0
$1,000,000 to $1,499,999	3740	1964	0	1517	259
$1,500,000 to $1,999,999	1497	817	309	372	0
$2,000,000 or more	1676	1056	87	499	34
Not reported	2808	2423	324	62	0
Median	243972	245539	207612	255385	302528
Mean	426598	435689	334978	445799	531348
Total Mortgage Loan Less than $50,000	2794	2112	413	269	0
$50,000 to $99,999	7171	3351	968	2852	0
$100,000 to $149,999	10424	6288	1859	2074	204
$150,000 to $199,999	9480	6500	1002	1742	236
$200,000 to $249,999	5146	2716	692	1645	93
$250,000 to $299,999	4852	2777	358	1717	0
$300,000 to $399,999	5883	2010	1969	1650	253
$400,000 to $499,999	7308	4725	1214	1369	0
$500,000 to $749,999	8218	5807	139	2273	0
$750,000 to $999,999	4552	3571	379	602	0
$1,000,000 to $1,499,999	3947	2043	174	1472	259
$1,500,000 to $1,999,999	1619	863	309	447	0
$2,000,000 or more	2101	1122	87	858	34
Not reported	2808	2423	324	62	0
Median	259514	259800	227830	269785	302528
Mean	477856	451961	360737	593772	531348
Traditional First Mortgage Outstanding Debt Less than $50,000	7054	4645	1498	911	0
$50,000 to $99,999	10665	6322	762	3492	90
$100,000 to $149,999	10403	5840	1565	2648	350
$150,000 to $199,999	7217	3748	749	2720	0
$200,000 to $249,999	6361	4645	678	945	93
$250,000 to $299,999	3924	1454	900	1424	146
$300,000 to $399,999	6506	3597	1610	1192	107
$400,000 to $499,999	6771	4212	815	1743	0
$500,000 to $749,999	5868	4125	599	1144	0
$750,000 to $999,999	2976	2012	244	580	140
$1,000,000 to $1,499,999	3340	1746	0	1475	119
$1,500,000 to $1,999,999	1303	715	57	531	0
$2,000,000 or more	1109	825	87	163	34
Not reported	2808	2423	324	62	0
Median	205957	211088	213321	189841	252193
Mean	366972	372275	279835	393726	453311
Total Mortgage Outstanding Debt Less than $50,000	6461	4488	1062	911	0
$50,000 to $99,999	9877	5534	1197	3056	90
$100,000 to $149,999	10443	6272	1338	2483	350
$150,000 to $199,999	6597	3055	937	2605	0
$200,000 to $249,999	6774	4956	601	1124	93
$250,000 to $299,999	3928	1454	900	1428	146
$300,000 to $399,999	6612	3703	1610	1192	107
$400,000 to $499,999	7340	4667	757	1916	0
$500,000 to $749,999	5794	4052	599	1144	0
$750,000 to $999,999	3334	2265	379	550	140
$1,000,000 to $1,499,999	3536	1873	39	1505	119
$1,500,000 to $1,999,999	1364	776	57	531	0
$2,000,000 or more	1520	878	87	521	34
Not reported	2722	2336	324	62	0
Median	220153	222684	218251	207244	252193
Mean	399418	373306	286625	518503	453311
Current Interest Rate on First Mortgage Less than 6.0 percent	27093	17813	3325	5352	603
6.0 percent	47	0	47	0	0
6.1 to 6.4 percent	653	520	0	134	0
6.5 to 6.9 percent	2370	726	503	1051	90
7.0 percent	5342	3192	941	1070	140
7.1 to 7.4 percent	5078	1608	1272	2198	0
7.5 to 7.9 percent	7022	1668	1457	3897	0
8.0 percent	3690	1870	753	1067	0
8.1 to 8.4 percent	2709	1085	958	666	0
8.5 to 8.9 percent	5594	3633	294	1421	246
9.0 percent	2313	2208	0	104	0
9.1 to 9.4 percent	692	317	277	99	0
9.5 to 9.9 percent	906	645	0	261	0
10.0 percent	536	536	0	0	0
10.1 to 10.4 percent	859	781	0	78	0
10.5 to 10.9 percent	751	751	0	0	0
11.0 percent	200	200	0	0	0
11.1 to 12.9 percent	645	525	0	121	0
13.0 percent	230	230	0	0	0
13.1 percent or more	9571	8001	60	1511	0
Not reported	0	0	0	0	0
Median	7.3	7.3	7.1	7.4	5.4
Type of Interest Rate Buydown Properties with interest rate buydown	47	0	47	0	0
Constant payment	0	0	0	0	0
3-2-1 buydown	0	0	0	0	0
Other	0	0	0	0	0
Not reported	47	0	47	0	0
Properties without interest rate buydown	35596	17264	6354	11383	595
Not reported	40660	29044	3486	7646	484
Term of First Mortgage Less than 5 years	3221	1033	1854	227	107
5 years	2670	567	1595	275	233
6 to 9 years	1687	329	1296	62	0
10 years	3830	1435	1012	1294	90
11 to 14 years	682	72	0	610	0
15 years	3668	1705	153	1809	0
16 to 19 years	1162	419	494	249	0
20 years	4792	1656	312	2824	0
21 to 24 years	515	118	0	397	0
25 years	1920	399	0	1521	0
26 to 29 years	717	717	0	0	0
30 years	11253	7908	60	3167	119
More than 30 years	4464	4464	0	0	0
No stated term	35722	25485	3111	6596	529
Median	21	30	6	21	6
Unexpired Term of First Mortgage Less than 5 years	6159	2225	3182	505	247
5 to 9 years	7162	2881	2605	1493	183
10 to 14 years	5046	1626	834	2586	0
15 to 19 years	5923	1764	57	4101	0
20 to 24 years	6647	3927	97	2623	0
25 to 29 years	5287	4533	0	636	119
30 or more years	4356	3866	0	490	0
No stated term or not computed	35722	25485	3111	6596	529
Median	17	22	5	17	6
Holder of First Mortgage Commercial bank or trust company	23758	11850	5294	6184	430
Savings and loan association, federal savings bank	9282	3399	1413	4312	158
Mutual savings bank	1801	889	372	541	0
Life insurance company	1587	1244	178	165	0
Mortgage banker or mortgage company	1756	909	0	846	0
Federally-sponsored secondary market agency or pool	21734	16307	1392	3743	292
Conventional mortgage pool	491	109	381	0	0
Other federal agency	5183	4726	74	383	0
Real estate investment trust	0	0	0	0	0
Pension or retirement fund	28	28	0	0	0
Credit union	2860	1215	188	1456	0
Finance company	417	93	188	136	0
State or municipal government or housing finance agency	2609	2373	236	0	0
Individual or individual's estate	2645	2251	96	133	165
Other	2153	913	76	1130	34
First Mortgage Loan as a Percent of Purchase Price Properties acquired by purchase with first mortgage made or assumed at time of purchase	56391	36114	6452	13065	759
Less than 40 percent	2498	1836	382	190	90
40 to 49 percent	688	403	0	81	204
50 to 59 percent	2408	1850	275	284	0
60 to 69 percent	6700	5401	621	678	0
70 to 79 percent	5288	2027	1174	2088	0
80 to 89 percent	10503	5346	1132	3595	431
90 to 94 percent	2090	1486	605	0	0
95 to 99 percent	4033	1655	422	1956	0
100 percent or more	19358	13722	1518	4084	34
Not reported	2823	2389	324	110	0
Median	89	90	85	89	82
Other properties	19912	10194	3434	5965	320
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	56391	36114	6452	13065	759
Less than 40 percent	2405	1852	331	177	46
40 to 49 percent	1121	167	503	203	248
50 to 59 percent	1699	1066	57	575	0
60 to 69 percent	15155	11004	2388	1763	0
70 to 79 percent	6967	2596	1749	2622	0
80 to 89 percent	10651	6206	824	3329	292
90 to 94 percent	1628	1225	57	346	0
95 to 99 percent	3393	1793	0	1600	0
100 percent or more	10695	7915	219	2387	174
Not reported	2676	2291	324	62	0
Median	79	80	69	83	83
Other properties	19912	10194	3434	5965	320
Not available	0	0	0	0	0
First Mortgage Risk Subprime loan	2539	2054	203	281	0
Not subprime loan	73764	44253	9683	18749	1078
Not reported	0	0	0	0	0
Index Used to Adjust Interest Rate on ARM Properties with adjustable rate first mortgage	20108	0	0	19030	1078
Treasury security	6102	0	0	5873	229
Average cost of funds in bank district	1225	0	0	1225	0
National average cost of funds	475	0	0	475	0
OTS contract mortgage rate	0	0	0	0	0
Other method	2990	0	0	2990	0
No index used	365	0	0	0	365
Not reported	8951	0	0	8467	484
Other properties	56195	46308	9887	0	0
Not reported	0	0	0	0	0
Frequency With Which Rate Can Be Adjusted Properties with adjustable rate first mortgage	20108	0	0	19030	1078
Monthly	1499	0	0	1499	0
Every 3 months	0	0	0	0	0
Every 6 months	548	0	0	548	0
Yearly	4829	0	0	4600	229
Every 3 years	2172	0	0	2172	0
Every 5 years	1552	0	0	1552	0
Other	1904	0	0	1797	107
Not reported	7604	0	0	6862	742
Other properties	56195	46308	9887	0	0
Not reported	0	0	0	0	0
Caps on Interest Rate Per Adjustment Period Properties with adjustable rate first mortgage	20108	0	0	19030	1078
Less than 1 percent	0	0	0	0	0
1 percent	0	0	0	0	0
1.1 to 1.9 percent	46	0	0	46	0
2 percent	3401	0	0	3262	140
2.1 to 2.9 percent	163	0	0	163	0
3 percent	1142	0	0	1142	0
3.1 to 3.9 percent	0	0	0	0	0
4.0 percent or more	647	0	0	647	0
No caps	5418	0	0	5175	243
Not reported	9291	0	0	8595	696
Other properties	56195	46308	9887	0	0
Not reported	0	0	0	0	0
Caps on Interest Rate Over Life of ARM Properties with adjustable rate first mortgage	20108	0	0	19030	1078
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	204	0	0	204	0
4.0 percent or more	5245	0	0	5105	140
No caps	5543	0	0	5300	243
Not reported	9117	0	0	8421	696
Other properties	56195	46308	9887	0	0
Not reported	0	0	0	0	0
Interest Rate Changed Since Mortgage Made Properties with adjustable rate first mortgage	20108	0	0	19030	1078
Yes, rate has changed	6182	0	0	5952	229
No change since mortgage made	5889	0	0	5736	153
Not reported	8038	0	0	7342	696
Other properties	56195	46308	9887	0	0
Not reported	0	0	0	0	0
Percentage of Margin Over Index on ARM Properties with adjustable rate first mortgage	20108	0	0	19030	1078
Less than 1 percent	690	0	0	583	107
1 percent	0	0	0	0	0
1.1 to 1.9 percent	0	0	0	0	0
2 percent	736	0	0	736	0
2.1 to 2.9 percent	2250	0	0	2110	140
3 percent	2380	0	0	2290	90
3.1 to 3.9 percent	2465	0	0	2465	0
4 percent	1617	0	0	1617	0
4.1 to 4.9 percent	0	0	0	0	0
5 percent or more	1055	0	0	1055	0
Not reported	8916	0	0	8174	742
Median	3.1	0.0	0.0	3.1	2.5
Other properties	56195	46308	9887	0	0
Not reported	0	0	0	0	0
ARM Convertible to Fixed Rate Mortgage Properties with adjustable rate first mortgage	20108	0	0	19030	1078
Can be converted	0	0	0	0	0
Cannot be converted	11972	0	0	11589	382
Not reported	8137	0	0	7441	696
Other properties	56195	46308	9887	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	149	0	0	42	107
Payments can change monthly	0	0	0	0	0
Payments can change every three months	0	0	0	0	0
Payments can change every six months	0	0	0	0	0
Payments can change yearly	0	0	0	0	0
Payments can change every 3 years	0	0	0	0	0
Payments can change every 5 years	0	0	0	0	0
Other	149	0	0	42	107
Not reported	0	0	0	0	0
Monthly payments cannot change	68160	46308	9887	11691	275
Not reported	7993	0	0	7297	696
First Mortgage Allows for Negative Amortization Monthly payments can change (other than change in interest rate)	149	0	0	42	107
Yes, unrestricted negative amortization	0	0	0	0	0
Yes, restricted negative amortization	0	0	0	0	0
No negative amortization allowed	149	0	0	42	107
Not reported	0	0	0	0	0
Monthly payments cannot change	68160	46308	9887	11691	275
Not reported	7993	0	0	7297	696
MORTGAGE PAYMENTS AND OTHER EXPENSES Method of Payment of First Mortgage Regular payments of interest and/or principal	71417	43174	9506	17964	773
Interest and principal	70981	42738	9506	17964	773
Fully amortized	53561	35545	401	16937	679
Not fully amortized	17420	7194	9105	1027	93
Interest only	435	435	0	0	0
No regular payments required	1242	104	0	866	272
Not reported	3645	3030	381	199	34
Items Included in First Mortgage Payment@1 Regular monthly payments of both interest and principal	70981	42738	9506	17964	773
Real estate taxes	10906	6003	1458	3445	0
Property insurance	6072	3579	738	1754	0
Mortgage insurance	1117	1117	0	0	0
Other	2530	2214	99	217	0
No items included or not reported	60016	36677	8048	14519	773
No regular payments of interest and principal	5322	3569	381	1066	306
Monthly Interest and Principal Payments on First Mortgage Per Housing Unit Regular monthly payments of interest and/or principal	75061	46204	9887	18164	807
Less than $100	13263	9923	1476	1774	90
$100 to $199	23100	10927	4108	7826	239
$200 to $299	12340	8338	1068	2776	158
$300 to $399	6637	3974	943	1574	146
$400 to $499	3184	1183	915	947	140
$500 to $599	3360	2727	392	241	0
$600 to $699	2034	1401	0	633	0
$700 to $799	1306	1306	0	0	0
$800 to $899	556	556	0	0	0
$900 to $999	234	162	0	72	0
$1,000 to $1,249	1192	307	277	608	0
$1,250 to $1,499	1437	386	0	1050	0
$1,500 or more	2775	1984	327	464	0
Not reported	3645	3030	381	199	34
Median	197	209	180	192	236
Mean	585	713	317	433	245
No regular payments required	1242	104	0	866	272
Current First Mortgage Payment Status Regular monthly payments of principal and/or interest	75061	46204	9887	18164	807
Up-to-date, ahead of schedule, or less than 90 days past due	35549	17549	6412	11265	323
Delinquent by 90 days or more	0	0	0	0	0
Legal proceedings have begun	0	0	0	0	0
Legal proceedings have not begun	0	0	0	0	0
Not reported	0	0	0	0	0
Not reported	39513	28655	3475	6899	484
Other properties	1242	104	0	866	272
Monthly Interest and Principal Payments on Total Mortgages Per Housing Unit Regular monthly payments of interest and/or principal	75061	46204	9887	18164	807
Less than $100	16285	12900	1421	1841	124
$100 to $199	21555	10413	3790	7113	239
$200 to $299	13117	8282	1822	2854	158
$300 to $399	7785	4489	943	2208	146
$400 to $499	3067	1292	915	721	140
$500 to $599	3301	2669	392	241	0
$600 to $699	1859	1226	0	633	0
$700 to $799	1540	1540	0	0	0
$800 to $899	556	556	0	0	0
$900 to $999	234	162	0	72	0
$1,000 to $1,249	1192	307	277	608	0
$1,250 to $1,499	1437	386	0	1050	0
$1,500 or more	3134	1984	327	823	0
Not reported	0	0	0	0	0
Median	199	198	193	204	225
Mean	604	671	315	610	235
No regular payments required	1242	104	0	866	272
Interest and Principal Payment on First Mortgage as Percent of Rental Receipts Acquired before 2000 and regular payments of interest and/or princi	59455	36861	6845	15135	614
Less than 20 percent	5082	3856	909	316	0
20 to 29 percent	5397	3439	447	1421	90
30 to 39 percent	6214	4460	491	1263	0
40 to 49 percent	9492	4559	2034	2612	285
50 to 59 percent	7918	4821	571	2434	93
60 to 69 percent	4635	3292	706	638	0
70 to 79 percent	3947	3247	0	701	0
80 to 89 percent	2221	1938	0	283	0
90 to 99 percent	1178	410	317	306	146
100 percent or more	13073	6838	1252	4983	0
Not reported or not computed	296	0	118	178	0
Median	54	54	47	58	48
Other properties	16848	9447	3042	3895	464
Interest and Principal Payment on Total Mortgages as Percent of Rental Receipts Acquired before 2000 and regular payments of interest and/or principal	59455	36861	6845	15135	614
Less than 20 percent	4594	3849	473	272	0
20 to 29 percent	4705	3349	370	896	90
30 to 39 percent	5833	4080	491	1263	0
40 to 49 percent	10319	4726	2547	2761	285
50 to 59 percent	7688	4979	571	2045	93
60 to 69 percent	4923	3292	706	925	0
70 to 79 percent	3919	3188	0	730	0
80 to 89 percent	2267	1984	0	283	0
90 to 99 percent	936	409	76	306	146
100 percent or more	13974	7006	1493	5475	0
Not reported or not computed	296	0	118	178	0
Median	55	55	48	63	48
Other properties	16848	9447	3042	3895	464
Real Estate Tax Per $1,000 Value Acquired before 2000	63378	39032	7226	16200	920
Less than $5	11677	7613	1128	2693	243
$5 to $9	8392	4724	772	2896	0
$10 to $14	11717	7963	1017	2597	140
$15 to $19	8773	5007	930	2729	107
$20 to $24	11662	6754	2009	2607	292
$25 to $29	3531	2375	264	846	46
$30 to $39	6635	3605	1104	1832	93
$40 to $49	0	0	0	0	0
$50 to $59	0	0	0	0	0
$60 or more	0	0	0	0	0
Not reported or not computed	990	990	0	0	0
Median	15	14	19	15	19
Acquired 2000 and 2001 (part)	12925	7276	2661	2830	158
Real Estate Tax as Percent of Rental Receipts Acquired before 2000	63378	39032	7226	16200	920
Less than 5 percent	8087	5187	543	2204	153
5 to 9 percent	17623	10976	2105	4542	0
10 to 14 percent	14553	8705	2315	3093	438
15 to 19 percent	11488	6969	1197	3232	90
20 to 24 percent	3782	2318	47	1178	239
25 to 29 percent	1889	974	324	591	0
30 to 34 percent	1592	1291	0	301	0
35 to 39 percent	248	248	0	0	0
40 percent or more	2830	1372	575	883	0
Not reported or not computed	1287	990	118	178	0
Median	12	12	12	12	14
Acquired 2000 and 2001 (part)	12925	7276	2661	2830	158
Property Management Property managed by paid property management company	29903	18384	2680	8502	337
Property not managed by paid property management company	40101	23681	7081	8743	596
Not reported	6299	4243	125	1785	146
Property Management and Administration Expenses Per Housing Unit Acquired before 2000	63378	39032	7226	16200	920
Less than $100	1313	958	0	355	0
$100 to $199	2251	781	357	1113	0
$200 to $299	4564	1935	283	2346	0
$300 to $399	4455	2779	297	1125	253
$400 to $499	2085	1131	453	502	0
$500 to $599	1962	1806	40	117	0
$600 to $699	1590	1317	237	35	0
$700 to $799	1241	1100	0	142	0
$800 to $899	523	523	0	0	0
$900 to $999	649	472	26	150	0
$1,000 to $1,249	814	255	173	387	0
$1,250 to $1,499	841	510	145	186	0
$1,500 to $1,999	967	686	40	207	34
$2,000 to $2,499	332	37	295	0	0
$2,500 or more	1915	1660	60	195	0
No expenses	26369	15839	4194	5843	494
Not reported or not computed	11507	7243	626	3497	140
Median	408	522	459	284	357
Acquired 2000 and 2001 (part)	12925	7276	2661	2830	158
Maintenance and Repair Expenses Per Housing Unit Acquired before 2000	63378	39032	7226	16200	920
Less than $100	1698	1157	76	466	0
$100 to $199	4656	1866	1321	1361	107
$200 to $299	4955	3000	320	1489	146
$300 to $399	5206	3900	34	1179	93
$400 to $499	3583	2357	178	1048	0
$500 to $599	3623	2470	647	506	0
$600 to $699	2233	1149	57	1027	0
$700 to $799	2001	1087	266	502	146
$800 to $899	2770	1412	447	741	170
$900 to $999	1516	1082	188	246	0
$1,000 to $1,249	3932	2440	849	644	0
$1,250 to $1,499	2713	1962	150	601	0
$1,500 to $1,999	2936	1644	738	554	0
$2,000 to $2,499	1001	608	97	295	0
$2,500 or more	4344	3550	248	545	0
No expenses	1955	1560	341	54	0
Not reported or not computed	14257	7788	1268	4942	259
Median	596	608	766	512	383
Acquired 2000 and 2001 (part)	12925	7276	2661	2830	158
Utility and Fuel Expenses Per Housing Unit Acquired before 2000	63378	39032	7226	16200	920
Less than $250	8639	4592	515	3279	253
$250 to $499	13677	9108	1585	2938	46
$500 to $749	10489	6516	1295	2408	270
$750 to $999	6338	4184	980	1082	93
$1,000 to $1,249	3306	1863	910	533	0
$1,250 to $1,499	1210	608	285	316	0
$1,500 to $1,749	267	231	36	0	0
$1,750 to $1,999	1042	783	248	11	0
$2,000 to $2,499	392	392	0	0	0
$2,500 or more	1678	967	384	328	0
No expenses	2985	1112	0	1754	119
Not reported or not computed	13354	8675	987	3552	140
Median	529	535	697	435	530
Acquired 2000 and 2001 (part)	12925	7276	2661	2830	158