Residential Finance Survey

Residential Finance Survey: 2001 - South
Table 6-2d. 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	50731	36962	4013	8650	1107
PROPERTY CHARACTERISTICS Number of Housing Units 5 to 9 housing units	24806	17305	2524	4699	278
10 to 19 housing units	11433	8351	619	1987	476
20 to 29 housing units	6911	5462	348	951	150
30 to 39 housing units	4328	3248	309	603	168
40 to 49 housing units	3253	2596	212	411	35
Manner of Acquisition By purchase	44398	32189	2966	8470	773
Placed one new mortgage	36587	26749	2699	6452	688
Placed two or more new mortgages	3356	1718	166	1387	86
Assumed mortgage(s) already on property	2280	1600	102	578	0
Assumed mortgage(s) already on property and placed new mortgage	885	831	0	54	0
Borrowed using assets other than this property as collateral	208	208	0	0	0
Paid all cash-no borrowing	566	566	0	0	0
Other manner	517	517	0	0	0
By inheritance or gift	572	297	275	0	0
By divorce	0	0	0	0	0
By tax free exchange of other property	378	113	235	30	0
By foreclosure or assignment	946	648	0	0	298
By some other manner	431	390	0	6	35
Not reported	4006	3325	536	144	0
Source of Downpayment@1 Properties purchased 1995 to 2001 (part)	21227	13357	2168	5586	117
Sale of stock or other partnership shares for this project	505	505	0	0	0
Sale of previously owned stocks, shares, or other securities	1706	1123	240	343	0
Sale of land or other real estate	1710	1253	200	222	35
Owner's cash, bank deposits, share accounts, or bonds	8868	5742	785	2340	0
Borrowing from a retirement plan	0	0	0	0	0
Borrowing using assets other than this property as collateral	1777	1463	88	226	0
Proceeds from an insurance policy	0	0	0	0	0
From a state or local government source	0	0	0	0	0
From a non-profit organization	64	0	0	64	0
Proceeds from sale of tax credits	111	89	0	22	0
From parents or relatives	649	490	0	159	0
Other cash source	1029	220	0	727	82
Non-cash source	371	160	211	0	0
No downpayment required	3801	1818	644	1338	0
Not reported	2717	2102	0	614	0
Other properties	27017	21350	1613	3064	990
Not reported	2487	2255	232	0	0
Year Property Acquired 1999 to 2001 (part)	12623	8983	884	2756	0
1997 and 1998	6528	4289	950	1173	117
1995 and 1996	5434	3140	566	1693	35
1990 to 1994	10345	8041	185	1475	645
1985 to 1989	7405	5583	845	976	0
1980 to 1984	4672	3803	517	266	86
1975 to 1979	2086	1615	54	192	225
1970 to 1974	1333	1267	12	54	0
1969 or earlier	306	241	0	66	0
Property New or Previously Owned When Acquired Acquired by purchase	44398	32189	2966	8470	773
New	13647	9598	758	2945	346
Previously owned	29776	21672	2151	5526	427
As residential property	27699	20700	2115	4458	427
Converted from nonresidential use	2077	973	36	1068	0
Other	50	50	0	0	0
Not reported	924	868	56	0	0
Other properties	2327	1447	510	36	334
Not reported	4006	3325	536	144	0
Year Structure Built 1999 to March 2000	2382	1064	258	1059	0
1997 and 1998	1325	908	387	30	0
1995 and 1996	2139	786	211	1142	0
1990 to 1994	4221	2688	188	747	598
1980 to 1989	12313	9487	1198	1628	0
1970 to 1979	9670	7753	441	1308	167
1960 to 1969	7811	5718	495	1326	272
1950 to 1959	4566	3530	0	966	70
1940 to 1949	2161	1881	0	281	0
1939 or earlier	4142	3146	833	164	0
Purchase Price Per Housing Unit@8 Properties acquired by purchase 1997 to 2001 (part)	16029	10412	1602	3899	117
Less than $20,000	4128	2909	234	986	0
$20,000 to $39,999	5798	3155	822	1705	117
$40,000 to $59,999	2923	1617	546	760	0
$60,000 to $79,999	1222	1112	0	110	0
$80,000 to $99,999	636	636	0	0	0
$100,000 to $124,999	335	335	0	0	0
$125,000 to $149,999	0	0	0	0	0
$150,000 to $174,999	310	310	0	0	0
$175,000 to $199,999	0	0	0	0	0
$200,000 to $249,999	0	0	0	0	0
$250,000 to $299,999	0	0	0	0	0
$300,000 to $499,999	0	0	0	0	0
$500,000 or more	677	338	0	338	0
Median	33407	34565	33796	31309	30000
Mean	67263	58907	30653	105554	36001
Other properties	34701	26550	2411	4751	990
Value Less than $100,000	4614	4038	0	324	251
$100,000 to $199,999	7010	4352	892	1766	0
$200,000 to $299,999	8460	4097	1387	2426	550
$300,000 to $399,999	5273	4537	45	692	0
$400,000 to $499,999	4815	3988	325	467	35
$500,000 to $749,999	6715	5115	663	938	0
$750,000 to $999,999	4227	3025	251	951	0
$1,000,000 to $1,499,999	3440	2577	280	463	121
$1,500,000 to $1,999,999	3444	3059	133	170	82
$2,000,000 to $2,999,999	1665	1495	38	63	69
$3,000,000 to $3,999,999	22	22	0	0	0
$4,000,000 to $4,999,999	161	110	0	51	0
$5,000,000 or more	885	547	0	338	0
Median	400190	436533	280386	292110	254966
Mean	702293	705754	440738	835492	493953
Value Per Housing Unit@8 Less than $20,000	11024	8531	517	1643	334
$20,000 to $39,999	18826	13374	1753	3075	623
$40,000 to $59,999	11412	7457	1274	2681	0
$60,000 to $79,999	2235	1596	193	295	150
$80,000 to $99,999	1611	1559	0	51	0
$100,000 to $124,999	1823	982	275	566	0
$125,000 to $149,999	460	460	0	0	0
$150,000 to $174,999	928	928	0	0	0
$175,000 to $199,999	0	0	0	0	0
$200,000 to $249,999	325	325	0	0	0
$250,000 to $299,999	515	515	0	0	0
$300,000 to $499,999	896	896	0	0	0
$500,000 or more	677	338	0	338	0
Median	35236	34880	36985	37444	27054
Mean	56969	56174	39245	72557	25927
Value of Capital Improvements Properties with capital improvements between 1998 and 2000	22995	17351	1106	4050	488
Less than $5,000	6075	3734	355	1735	251
$5,000 to $9,999	4126	3699	65	362	0
$10,000 to $24,999	5612	3957	168	1440	47
$25,000 to $49,999	3119	2421	381	248	69
$50,000 to $74,999	1224	1189	0	0	35
$75,000 to $99,999	523	396	41	0	86
$100,000 to $149,999	1197	1146	0	50	0
$150,000 to $199,999	197	33	0	164	0
$200,000 to $299,999	110	41	63	6	0
$300,000 or more	813	734	33	45	0
Median	13465	14709	21908	9007	4852
Mean	44406	44546	117360	26478	22819
Properties with no capital improvements between 1998 and 2000	15585	10080	2039	2929	538
Capital improvements not reported	12151	9531	868	1671	82
Value of Capital Improvements Per Unit Properties with capital improvements between 1998 and 2000	22995	17351	1106	4050	488
Less than $500	7364	5154	65	1847	298
$500 to $999	3819	2627	422	701	69
$1,000 to $2,499	6512	5777	41	573	121
$2,500 to $4,999	1928	725	483	720	0
$5,000 to $7,499	1297	1297	0	0	0
$7,500 to $9,999	653	590	63	0	0
$10,000 to $14,999	367	204	0	164	0
$15,000 to $19,999	45	0	0	45	0
$20,000 to $29,999	608	608	0	0	0
$30,000 or more	402	369	33	0	0
Median	1073	1232	2632	627	408
Mean	3328	3703	4418	1737	720
Properties with no capital improvements between 1998 and 2000	15585	10080	2039	2929	538
Capital improvements not reported	12151	9531	868	1671	82
Monthly Rental Receipts Per Housing Unit Acquired before 2000	45050	32888	3570	7485	1107
Less than $100	6631	5068	268	784	511
$100 to $199	6001	4652	350	998	0
$200 to $299	7552	5849	895	761	47
$300 to $399	7024	5575	361	643	445
$400 to $499	6012	3629	423	1925	35
$500 to $599	3406	1029	800	1508	69
$600 to $799	1767	1497	33	237	0
$800 to $999	1093	818	275	0	0
$1000 or more	5277	4484	164	628	0
No rental receipts	287	287	0	0	0
Median	331	313	375	429	290
Mean	2353	3002	480	713	228
Acquired 2000 and 2001 (part)	5681	4073	443	1165	0
Rental Receipts as Percent of Value@8 Acquired before 2000	45050	32888	3570	7485	1107
Less than 5 percent	833	533	36	264	0
5 to 9 percent	18514	13722	1395	2736	661
10 to 14 percent	10333	8146	602	1500	86
15 to 19 percent	6903	4408	835	1383	278
20 to 24 percent	3334	2464	471	365	35
25 to 29 percent	641	292	54	296	0
30 to 39 percent	960	493	13	407	47
40 percent or more	3243	2544	164	534	0
Median	11	11	13	12	9
Acquired 2000 and 2001 (part)	5681	4073	443	1165	0
Rental Vacancy Losses as Percent of Potential Receipts Acquired before 2000	45050	32888	3570	7485	1107
Less than 1.0 percent	4840	3044	520	1276	0
1.0 to 2.9 percent	6258	4409	595	1255	0
3.0 to 4.9 percent	2756	2286	0	281	189
5.0 to 6.9 percent	1662	1092	355	216	0
7.0 to 8.9 percent	2125	1266	53	528	278
9.0 to 10.9 percent	4452	3060	688	704	0
11.0 to 12.9 percent	1282	887	235	159	0
13.0 to 14.9 percent	1070	581	269	220	0
15.0 percent or more	7010	5770	221	720	298
Not reported or not computed	13595	10492	635	2126	341
Median	7.2	7.6	7.0	4.1	8.4
Acquired 2000 and 2001 (part)	5681	4073	443	1165	0
Age Restrictions Property restricted to people age 55 or older	8490	6238	804	1413	35
Property not restricted to people age 55 or older	37693	27417	2616	6589	1072
Not reported	4547	3307	593	648	0
Age Composition Over one-half the residents of the building age 55 or older	3282	2949	267	66	0
Over one-half the residents of the building not age 55 or older	34429	24556	2348	6453	1072
Not reported	13020	9457	1397	2131	35
Meal Service Provided by Properties Exclusively or Predominantly Occupied by People Age 55 or Older Property provides meal service	4530	2478	791	1226	35
Charge included in rent	3478	1668	726	1048	35
Charge not included in rent	0	0	0	0	0
Not reported	1052	810	65	177	0
Property does not provide meal service	3804	3168	267	369	0
Not reported	42397	31316	2954	7055	1072
Type of Property Benefits@1 Government-sponsored below-market interest rate mortgage loan	2619	2503	77	39	0
Government rental subsidy	6496	5245	176	972	104
Government grant	98	98	0	0	0
Property tax relief	252	54	100	63	35
Federal income tax credit for low-income, old or historic properties	1928	1684	38	138	69
Accelerated federal income tax depreciation for low- and moderate-income properties	693	693	0	0	0
Subsidy from a non-profit corporation	222	216	0	6	0
None of the above benefits	32523	22619	2690	6293	921
Not reported	9061	6742	1032	1240	47
Source of Property Benefits@1 With property benefits	9146	7601	290	1116	139
Federal government	7691	6433	227	927	104
State government	542	507	0	0	35
Local government	1444	1098	163	184	0
Non-profit corporation	222	216	0	6	0
Not reported	227	227	0	0	0
With no property benefits	32523	22619	2690	6293	921
Not reported	9061	6742	1032	1240	47
Reason for Benefits@1 With property benefits	9146	7601	290	1116	139
Occupied by low- or moderate-income individuals	8440	6993	227	1116	104
Occupied by elderly or disabled individuals	2499	1923	188	388	0
A historic structure	430	430	0	0	0
Located in a community development or economic development area	89	89	0	0	0
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	54	54	0	0	0
Other reason	0	0	0	0	0
Not reported	69	69	0	0	0
With no property benefits	32523	22619	2690	6293	921
Not reported	9061	6742	1032	1240	47
Section 8 Rental Housing Certificates and Vouchers Property did or does have tenants receiving Section 8 assistance	17104	13151	1044	2581	328
Property has never had tenants receiving Section 8 assistance	25973	18144	2433	4653	743
Not reported	7654	5666	536	1416	35
OWNER CHARACTERISTICS Type of Owner Individual investor(s)	25358	16581	2319	6051	407
Limited partnership	12600	10603	417	1288	293
Joint venture	255	164	58	33	0
General partnership	2455	2102	0	268	86
Life insurance company	144	0	0	144	0
Depository institution	0	0	0	0	0
Public real estate investment trust	226	226	0	0	0
Private real estate investment trust	0	0	0	0	0
Corporation - other than real estate investment trust	6305	4820	1055	395	35
Housing cooperative organization	351	64	0	0	286
Non-profit or church-related institution	691	453	113	125	0
Pension fund	0	0	0	0	0
Fraternal organization	8	0	0	8	0
Other	2338	1948	51	338	0
MORTGAGE CHARACTERISTICS Method of Loan Application By computer over the Internet or by e-mail	176	176	0	0	0
By telephone or FAX	3642	2945	277	420	0
By regular mail	3469	2553	0	880	35
By personal visit	30796	20093	3492	6268	943
Through third party (such as real estate agent or builder)	5920	5091	165	582	82
Some other way	1085	801	0	284	0
Not reported	4742	4468	33	194	47
Not available	903	836	46	22	0
Origin of First Mortgage Mortgage made at time property acquired	38623	26999	3321	7329	974
Mortgage assumed at the time property acquired	2920	2157	337	426	0
Mortgage placed later than acquisition of property	9188	7806	355	895	133
Refinanced mortgage	8889	7614	355	787	133
Same lender	3671	3325	0	299	47
Different lender	5218	4289	355	488	86
Mortgage placed on property owned free and clear of debt	300	192	0	107	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	9188	7806	355	895	133
Obtain lower interest rate	4864	4442	355	67	0
Increase payment period for mortgage	2	2	0	0	0
Reduce payment period for mortgage	52	52	0	0	0
Renew or extend loan that had fallen due, without increasing outstanding balance	965	586	0	379	0
Receive cash or increase outstanding balance of loan	610	435	0	42	133
Other reason	814	691	0	123	0
Not reported	1881	1597	0	284	0
Other properties	41542	29155	3658	7755	974
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	4002	3350	355	165	133
Less than $100,000	2483	2023	355	57	47
$100,000 to $199,999	510	444	0	66	0
$200,000 to $299,999	434	306	0	42	86
$300,000 to $399,999	227	227	0	0	0
$400,000 to $499,999	0	0	0	0	0
$500,000 to $749,999	134	134	0	0	0
$750,000 to $999,999	0	0	0	0	0
$1,000,000 to $1,499,999	68	68	0	0	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	147	147	0	0	0
Not reported	0	0	0	0	0
Median	80601	82780	50000	138194	222416
Mean	554529	648618	9300	126932	168227
Properties that refinanced and did not receive cash back	4303	3857	0	446	0
Properties that refinanced and did not report if received cash back	883	599	0	284	0
Properties that did not refinance	41542	29155	3658	7755	974
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	4002	3350	355	165	133
For additions, improvements or repairs to this property	1519	1031	355	0	133
To consolidate debts	1797	1740	0	57	0
For investment in other real estate	1515	1052	355	107	0
For other types of investments	836	836	0	0	0
For educational or medical expenses	974	974	0	0	0
To start a business	0	0	0	0	0
To settle a divorce	0	0	0	0	0
To pay taxes	451	451	0	0	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	451	451	0	0	0
Other	972	972	0	0	0
Not reported	0	0	0	0	0
Properties that refinanced and did not receive cash back	4303	3857	0	446	0
Properties that refinanced and did not report if received cash back	883	599	0	284	0
Properties that did not refinance	41542	29155	3658	7755	974
Not available	0	0	0	0	0
Year First Mortgage Made or Assumed 1999 to 2001 (part)	18773	13287	1726	3674	86
1997 and 1998	9075	5930	1833	1196	117
1995 and 1996	4608	2824	0	1702	82
1990 to 1994	7315	5801	0	917	598
1985 to 1989	6865	5732	375	757	0
1980 to 1984	2674	2405	13	256	0
1979 or earlier	1421	982	66	149	225
First Mortgage Insurance Status FHA-insured first mortgage	4116	3626	188	151	150
VA-guaranteed first mortgage	0	0	0	0	0
Rural Housing Service-Rural Development- insured or -guaranteed first mortgage	3959	3894	0	66	0
Other federal, state, or local government-insured or guaranteed first mortgage	1074	596	0	227	251
Insured conventional first mortgage	4463	2875	566	763	260
Uninsured conventional first mortgage	37119	25972	3258	7443	446
Not reported	0	0	0	0	0
Traditional First Mortgage Loan Less than $50,000	4508	3053	0	1455	0
$50,000 to $99,999	6521	3744	1196	1283	298
$100,000 to $149,999	6576	4703	797	798	278
$150,000 to $199,999	4670	3445	305	696	225
$200,000 to $249,999	3965	2552	211	1202	0
$250,000 to $299,999	2535	2151	233	116	35
$300,000 to $399,999	4406	3269	539	598	0
$400,000 to $499,999	3699	2919	216	564	0
$500,000 to $749,999	4805	3769	115	839	82
$750,000 to $999,999	3417	2708	12	543	154
$1,000,000 to $1,499,999	3624	3104	348	172	0
$1,500,000 to $1,999,999	460	419	41	0	0
$2,000,000 or more	376	296	0	45	35
Not reported	1168	830	0	338	0
Median	228703	258357	149574	194539	145864
Mean	389103	425183	290340	291417	302860
Total Mortgage Loan Less than $50,000	4508	3053	0	1455	0
$50,000 to $99,999	6091	3403	1196	1194	298
$100,000 to $149,999	6648	4811	761	798	278
$150,000 to $199,999	4543	3445	305	569	225
$200,000 to $249,999	3067	2324	211	532	0
$250,000 to $299,999	3018	1786	233	964	35
$300,000 to $399,999	3785	3028	211	545	0
$400,000 to $499,999	4026	2952	489	585	0
$500,000 to $749,999	5713	4587	206	839	82
$750,000 to $999,999	3402	2693	12	543	154
$1,000,000 to $1,499,999	3850	3259	348	243	0
$1,500,000 to $1,999,999	535	494	41	0	0
$2,000,000 or more	376	296	0	45	35
Not reported	1168	830	0	338	0
Median	244398	271893	154857	213134	145864
Mean	404633	440504	309108	308364	302860
Traditional First Mortgage Outstanding Debt Less than $50,000	7021	4954	185	1631	251
$50,000 to $99,999	8217	4628	1424	1893	272
$100,000 to $149,999	7373	5416	912	766	278
$150,000 to $199,999	2496	1935	0	562	0
$200,000 to $249,999	4231	3127	0	1068	35
$250,000 to $299,999	2783	1950	388	444	0
$300,000 to $399,999	4123	3259	435	430	0
$400,000 to $499,999	2853	2424	164	183	82
$500,000 to $749,999	4276	3181	115	825	154
$750,000 to $999,999	3145	2553	211	381	0
$1,000,000 to $1,499,999	2446	2227	138	82	0
$1,500,000 to $1,999,999	313	237	41	0	35
$2,000,000 or more	286	241	0	45	0
Not reported	1168	830	0	338	0
Median	190349	216221	120674	141198	102314
Mean	333089	366832	253647	236410	245541
Total Mortgage Outstanding Debt Less than $50,000	6610	4543	185	1631	251
$50,000 to $99,999	8041	4578	1388	1804	272
$100,000 to $149,999	7219	5352	948	640	278
$150,000 to $199,999	2541	1979	0	562	0
$200,000 to $249,999	3110	2590	0	485	35
$250,000 to $299,999	3846	2253	388	1204	0
$300,000 to $399,999	3390	2937	107	345	0
$400,000 to $499,999	3249	2493	438	236	82
$500,000 to $749,999	5148	3999	169	825	154
$750,000 to $999,999	3065	2474	211	381	0
$1,000,000 to $1,499,999	2712	2421	138	153	0
$1,500,000 to $1,999,999	388	312	41	0	35
$2,000,000 or more	286	241	0	45	0
Not reported	1127	788	0	338	0
Median	203177	228545	121799	157185	102314
Mean	342097	375905	272187	242415	245541
Current Interest Rate on First Mortgage Less than 6.0 percent	19499	13981	1703	2991	824
6.0 percent	174	133	0	42	0
6.1 to 6.4 percent	364	38	211	33	82
6.5 to 6.9 percent	2963	1809	0	1107	47
7.0 percent	2068	1467	325	276	0
7.1 to 7.4 percent	532	313	188	30	0
7.5 to 7.9 percent	3162	2188	346	628	0
8.0 percent	833	619	38	91	86
8.1 to 8.4 percent	2031	1349	355	327	0
8.5 to 8.9 percent	3627	2557	461	608	0
9.0 percent	1281	1134	147	0	0
9.1 to 9.4 percent	818	818	0	0	0
9.5 to 9.9 percent	2367	1801	185	381	0
10.0 percent	389	302	0	88	0
10.1 to 10.4 percent	79	0	0	79	0
10.5 to 10.9 percent	754	490	0	264	0
11.0 percent	581	527	54	0	0
11.1 to 12.9 percent	893	825	0	0	69
13.0 percent	433	433	0	0	0
13.1 percent or more	7881	6176	0	1705	0
Not reported	0	0	0	0	0
Median	7.3	7.7	7.0	7.1	4.0
Type of Interest Rate Buydown Properties with interest rate buydown	43	43	0	0	0
Constant payment	43	43	0	0	0
3-2-1 buydown	0	0	0	0	0
Other	0	0	0	0	0
Not reported	0	0	0	0	0
Properties without interest rate buydown	19148	12902	2509	3604	133
Not reported	31540	24016	1504	5046	974
Term of First Mortgage Less than 5 years	333	0	321	12	0
5 years	1694	600	942	151	0
6 to 9 years	563	166	350	0	47
10 years	1807	1477	33	297	0
11 to 14 years	569	260	273	36	0
15 years	3148	2009	155	984	0
16 to 19 years	0	0	0	0	0
20 years	1592	392	164	1036	0
21 to 24 years	0	0	0	0	0
25 years	896	810	0	0	86
26 to 29 years	103	103	0	0	0
30 years	8958	7051	188	1568	150
More than 30 years	3931	3931	0	0	0
No stated term	27137	20162	1584	4566	824
Median	30	30	6	21	30
Unexpired Term of First Mortgage Less than 5 years	2528	587	1570	324	47
5 to 9 years	3323	2416	313	594	0
10 to 14 years	5118	3678	193	1247	0
15 to 19 years	1961	1357	164	440	0
20 to 24 years	1217	922	0	141	154
25 to 29 years	4819	3434	0	1303	82
30 or more years	4628	4406	188	33	0
No stated term or not computed	27137	20162	1584	4566	824
Median	17	22	4	15	23
Holder of First Mortgage Commercial bank or trust company	12791	6114	2646	3984	47
Savings and loan association, federal savings bank	5984	4774	135	765	310
Mutual savings bank	1524	1389	0	67	69
Life insurance company	1545	930	164	199	251
Mortgage banker or mortgage company	597	184	0	414	0
Federally-sponsored secondary market agency or pool	13566	10646	720	2048	152
Conventional mortgage pool	95	62	33	0	0
Other federal agency	4974	4649	0	325	0
Real estate investment trust	0	0	0	0	0
Pension or retirement fund	0	0	0	0	0
Credit union	926	861	65	0	0
Finance company	349	245	51	53	0
State or municipal government or housing finance agency	2701	1535	100	789	278
Individual or individual's estate	4729	4631	98	0	0
Other	948	942	0	6	0
First Mortgage Loan as a Percent of Purchase Price Properties acquired by purchase with first mortgage made or assumed at time of purchase	36111	25236	2611	7576	688
Less than 40 percent	1575	801	36	737	0
40 to 49 percent	1041	883	0	89	69
50 to 59 percent	1124	622	307	195	0
60 to 69 percent	3962	2844	0	812	306
70 to 79 percent	4016	2510	347	881	278
80 to 89 percent	6124	3767	515	1842	0
90 to 94 percent	1183	1132	51	0	0
95 to 99 percent	2036	1762	201	72	0
100 percent or more	14144	10348	1153	2608	35
Not reported	906	567	0	338	0
Median	90	94	96	85	69
Other properties	14620	11725	1401	1074	419
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	36111	25236	2611	7576	688
Less than 40 percent	1470	655	46	769	0
40 to 49 percent	1495	955	185	287	69
50 to 59 percent	1168	691	269	207	0
60 to 69 percent	7638	6250	244	838	306
70 to 79 percent	6197	3618	456	1845	278
80 to 89 percent	6033	3641	720	1673	0
90 to 94 percent	1481	1430	51	0	0
95 to 99 percent	1841	1828	13	0	0
100 percent or more	7881	5600	628	1618	35
Not reported	906	567	0	338	0
Median	79	80	81	78	69
Other properties	14620	11725	1401	1074	419
Not available	0	0	0	0	0
First Mortgage Risk Subprime loan	2088	1508	243	338	0
Not subprime loan	48643	35454	3770	8312	1107
Not reported	0	0	0	0	0
Index Used to Adjust Interest Rate on ARM Properties with adjustable rate first mortgage	9757	0	0	8650	1107
Treasury security	2233	0	0	2233	0
Average cost of funds in bank district	309	0	0	309	0
National average cost of funds	0	0	0	0	0
OTS contract mortgage rate	0	0	0	0	0
Other method	1408	0	0	1361	47
No index used	118	0	0	32	86
Not reported	5689	0	0	4715	974
Other properties	40974	36962	4013	0	0
Not reported	0	0	0	0	0
Frequency With Which Rate Can Be Adjusted Properties with adjustable rate first mortgage	9757	0	0	8650	1107
Monthly	142	0	0	142	0
Every 3 months	0	0	0	0	0
Every 6 months	101	0	0	101	0
Yearly	3010	0	0	3010	0
Every 3 years	17	0	0	17	0
Every 5 years	277	0	0	277	0
Other	435	0	0	388	47
Not reported	5774	0	0	4715	1060
Other properties	40974	36962	4013	0	0
Not reported	0	0	0	0	0
Caps on Interest Rate Per Adjustment Period Properties with adjustable rate first mortgage	9757	0	0	8650	1107
Less than 1 percent	0	0	0	0	0
1 percent	0	0	0	0	0
1.1 to 1.9 percent	135	0	0	135	0
2 percent	1821	0	0	1821	0
2.1 to 2.9 percent	10	0	0	10	0
3 percent	128	0	0	128	0
3.1 to 3.9 percent	0	0	0	0	0
4.0 percent or more	284	0	0	284	0
No caps	1594	0	0	1461	133
Not reported	5784	0	0	4810	974
Other properties	40974	36962	4013	0	0
Not reported	0	0	0	0	0
Caps on Interest Rate Over Life of ARM Properties with adjustable rate first mortgage	9757	0	0	8650	1107
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	1928	0	0	1881	47
No caps	1971	0	0	1886	86
Not reported	5857	0	0	4883	974
Other properties	40974	36962	4013	0	0
Not reported	0	0	0	0	0
Interest Rate Changed Since Mortgage Made Properties with adjustable rate first mortgage	9757	0	0	8650	1107
Yes, rate has changed	3040	0	0	2993	47
No change since mortgage made	1080	0	0	994	86
Not reported	5636	0	0	4662	974
Other properties	40974	36962	4013	0	0
Not reported	0	0	0	0	0
Percentage of Margin Over Index on ARM Properties with adjustable rate first mortgage	9757	0	0	8650	1107
Less than 1 percent	82	0	0	82	0
1 percent	0	0	0	0	0
1.1 to 1.9 percent	47	0	0	0	47
2 percent	462	0	0	462	0
2.1 to 2.9 percent	1448	0	0	1448	0
3 percent	718	0	0	718	0
3.1 to 3.9 percent	458	0	0	458	0
4 percent	6	0	0	6	0
4.1 to 4.9 percent	0	0	0	0	0
5 percent or more	560	0	0	560	0
Not reported	5976	0	0	4916	1060
Median	2.9	0.0	0.0	2.9	1.5
Other properties	40974	36962	4013	0	0
Not reported	0	0	0	0	0
ARM Convertible to Fixed Rate Mortgage Properties with adjustable rate first mortgage	9757	0	0	8650	1107
Can be converted	186	0	0	186	0
Cannot be converted	3500	0	0	3367	133
Not reported	6071	0	0	5097	974
Other properties	40974	36962	4013	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	40	0	0	40	0
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	40	0	0	40	0
Not reported	0	0	0	0	0
Monthly payments cannot change	44567	36962	4013	3460	133
Not reported	6124	0	0	5150	974
First Mortgage Allows for Negative Amortization Monthly payments can change (other than change in interest rate)	40	0	0	40	0
Yes, unrestricted negative amortization	0	0	0	0	0
Yes, restricted negative amortization	0	0	0	0	0
No negative amortization allowed	40	0	0	40	0
Not reported	0	0	0	0	0
Monthly payments cannot change	44567	36962	4013	3460	133
Not reported	6124	0	0	5150	974
MORTGAGE PAYMENTS AND OTHER EXPENSES Method of Payment of First Mortgage Regular payments of interest and/or principal	45862	33225	3956	7824	855
Interest and principal	45808	33225	3956	7771	855
Fully amortized	35692	26800	642	7394	855
Not fully amortized	10116	6425	3314	377	0
Interest only	54	0	0	54	0
No regular payments required	708	439	56	213	0
Not reported	4161	3297	0	612	251
Items Included in First Mortgage Payment@1 Regular monthly payments of both interest and principal	45808	33225	3956	7771	855
Real estate taxes	7552	5837	133	1582	0
Property insurance	5297	4123	133	1041	0
Mortgage insurance	1324	1324	0	0	0
Other	3594	3411	33	150	0
No items included or not reported	37972	27388	3824	5905	855
No regular payments of interest and principal	4923	3736	56	879	251
Monthly Interest and Principal Payments on First Mortgage Per Housing Unit Regular monthly payments of interest and/or principal	50022	36522	3956	8437	1107
Less than $100	10330	6605	811	2831	82
$100 to $199	13016	9583	975	1790	670
$200 to $299	11319	8333	910	2007	69
$300 to $399	3619	2486	689	443	0
$400 to $499	2068	1628	327	77	35
$500 to $599	978	766	211	0	0
$600 to $699	164	54	0	110	0
$700 to $799	746	746	0	0	0
$800 to $899	726	444	0	282	0
$900 to $999	31	31	0	0	0
$1,000 to $1,249	313	313	0	0	0
$1,250 to $1,499	93	93	0	0	0
$1,500 or more	2459	2142	33	284	0
Not reported	4161	3297	0	612	251
Median	197	205	221	160	152
Mean	862	1094	251	260	170
No regular payments required	708	439	56	213	0
Current First Mortgage Payment Status Regular monthly payments of principal and/or interest	50022	36522	3956	8437	1107
Up-to-date, ahead of schedule, or less than 90 days past due	19863	13504	2453	3774	133
Delinquent by 90 days or more	481	481	0	0	0
Legal proceedings have begun	481	481	0	0	0
Legal proceedings have not begun	0	0	0	0	0
Not reported	0	0	0	0	0
Not reported	29678	22538	1504	4662	974
Other properties	708	439	56	213	0
Monthly Interest and Principal Payments on Total Mortgages Per Housing Unit Regular monthly payments of interest and/or principal	50022	36522	3956	8437	1107
Less than $100	14006	9627	811	3234	334
$100 to $199	12653	9183	858	1943	670
$200 to $299	11833	8675	1027	2063	69
$300 to $399	3953	2820	689	443	0
$400 to $499	1840	1401	327	77	35
$500 to $599	978	766	211	0	0
$600 to $699	392	282	0	110	0
$700 to $799	746	746	0	0	0
$800 to $899	726	444	0	282	0
$900 to $999	31	31	0	0	0
$1,000 to $1,249	313	313	0	0	0
$1,250 to $1,499	93	93	0	0	0
$1,500 or more	2459	2142	33	284	0
Not reported	0	0	0	0	0
Median	187	194	230	151	133
Mean	794	1000	252	244	132
No regular payments required	708	439	56	213	0
Interest and Principal Payment on First Mortgage as Percent of Rental Receipts Acquired before 2000 and regular payments of interest and/or princi	40798	29713	3570	6659	855
Less than 20 percent	3142	1471	708	915	47
20 to 29 percent	3799	2965	98	736	0
30 to 39 percent	3890	3429	12	449	0
40 to 49 percent	5111	3268	294	1189	359
50 to 59 percent	3623	1553	463	1452	154
60 to 69 percent	4888	4511	218	160	0
70 to 79 percent	2381	1910	355	116	0
80 to 89 percent	2264	1285	562	416	0
90 to 99 percent	1014	724	0	255	35
100 percent or more	10400	8311	858	971	260
Not reported or not computed	287	287	0	0	0
Median	61	64	70	50	51
Other properties	9933	7248	443	1990	251
Interest and Principal Payment on Total Mortgages as Percent of Rental Receipts Acquired before 2000 and regular payments of interest and/or principal	40798	29713	3570	6659	855
Less than 20 percent	2980	1341	708	883	47
20 to 29 percent	3748	3002	98	647	0
30 to 39 percent	3505	3064	12	428	0
40 to 49 percent	5071	3285	240	1187	359
50 to 59 percent	3671	1403	517	1597	154
60 to 69 percent	5005	4690	155	160	0
70 to 79 percent	2237	1703	418	116	0
80 to 89 percent	2447	1468	562	416	0
90 to 99 percent	1140	850	0	255	35
100 percent or more	10707	8619	858	971	260
Not reported or not computed	287	287	0	0	0
Median	63	66	71	51	51
Other properties	9933	7248	443	1990	251
Real Estate Tax Per $1,000 Value Acquired before 2000	45050	32888	3570	7485	1107
Less than $5	8299	5700	986	1532	82
$5 to $9	9040	6570	653	1490	328
$10 to $14	9680	6660	916	2023	82
$15 to $19	6196	4412	596	824	363
$20 to $24	3811	2773	419	367	251
$25 to $29	2295	1736	0	559	0
$30 to $39	4754	4403	0	351	0
$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	974	636	0	338	0
Median	12	13	11	11	16
Acquired 2000 and 2001 (part)	5681	4073	443	1165	0
Real Estate Tax as Percent of Rental Receipts Acquired before 2000	45050	32888	3570	7485	1107
Less than 5 percent	6896	5138	744	966	47
5 to 9 percent	17613	11821	1711	3618	463
10 to 14 percent	8380	6156	407	1471	345
15 to 19 percent	4755	4427	0	329	0
20 to 24 percent	962	506	366	89	0
25 to 29 percent	1077	392	305	380	0
30 to 34 percent	1634	1597	36	0	0
35 to 39 percent	562	532	0	30	0
40 percent or more	1911	1395	0	264	251
Not reported or not computed	1261	923	0	338	0
Median	9	10	8	9	11
Acquired 2000 and 2001 (part)	5681	4073	443	1165	0
Property Management Property managed by paid property management company	21961	18264	571	2645	481
Property not managed by paid property management company	22109	13927	2905	4651	626
Not reported	6661	4771	536	1353	0
Property Management and Administration Expenses Per Housing Unit Acquired before 2000	45050	32888	3570	7485	1107
Less than $100	795	600	36	159	0
$100 to $199	1840	1091	355	393	0
$200 to $299	2564	1098	542	839	86
$300 to $399	1402	1334	0	68	0
$400 to $499	1543	1065	66	412	0
$500 to $599	1272	1229	0	8	35
$600 to $699	2463	1172	0	1291	0
$700 to $799	1102	1016	0	39	47
$800 to $899	883	492	327	64	0
$900 to $999	488	488	0	0	0
$1,000 to $1,249	959	509	100	63	286
$1,250 to $1,499	274	261	13	0	0
$1,500 to $1,999	569	194	0	29	346
$2,000 to $2,499	403	403	0	0	0
$2,500 or more	2738	2448	0	290	0
No expenses	15279	10934	1409	2711	225
Not reported or not computed	10476	8555	721	1118	82
Median	609	624	261	489	1203
Acquired 2000 and 2001 (part)	5681	4073	443	1165	0
Maintenance and Repair Expenses Per Housing Unit Acquired before 2000	45050	32888	3570	7485	1107
Less than $100	1890	1458	221	210	0
$100 to $199	3170	1926	198	1047	0
$200 to $299	2695	1949	332	116	298
$300 to $399	4070	2453	801	538	278
$400 to $499	2539	1993	0	546	0
$500 to $599	1938	1214	340	385	0
$600 to $699	2107	1854	12	155	86
$700 to $799	3505	2192	0	1313	0
$800 to $899	980	540	327	112	0
$900 to $999	1695	1558	46	91	0
$1,000 to $1,249	2033	1150	316	532	35
$1,250 to $1,499	1500	900	262	270	69
$1,500 to $1,999	658	652	0	6	0
$2,000 to $2,499	268	185	13	70	0
$2,500 or more	3201	2917	0	284	0
No expenses	761	761	0	0	0
Not reported or not computed	12039	9185	702	1811	341
Median	591	626	385	599	330
Acquired 2000 and 2001 (part)	5681	4073	443	1165	0
Utility and Fuel Expenses Per Housing Unit Acquired before 2000	45050	32888	3570	7485	1107
Less than $250	7288	5275	743	992	278
$250 to $499	9376	5773	1056	2427	121
$500 to $749	4259	3615	54	542	47
$750 to $999	1400	926	273	132	69
$1,000 to $1,249	2253	1720	328	205	0
$1,250 to $1,499	549	450	46	54	0
$1,500 to $1,749	375	192	0	183	0
$1,750 to $1,999	588	588	0	0	0
$2,000 to $2,499	372	354	12	6	0
$2,500 or more	1618	1334	0	284	0
No expenses	5879	4082	356	1189	251
Not reported or not computed	11093	8579	702	1471	341
Median	430	460	371	396	231
Acquired 2000 and 2001 (part)	5681	4073	443	1165	0