Residential Finance Survey

Residential Finance Survey: 2001 - West
Table 6-2e. 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	99256	52763	6998	38288	1207
PROPERTY CHARACTERISTICS Number of Housing Units 5 to 9 housing units	48864	24680	4603	19142	439
10 to 19 housing units	25783	12737	1263	11345	438
20 to 29 housing units	12829	7483	637	4441	268
30 to 39 housing units	6835	4495	319	2021	0
40 to 49 housing units	4945	3369	176	1339	62
Manner of Acquisition By purchase	89208	46866	6266	35055	1021
Placed one new mortgage	71854	37922	5824	27640	468
Placed two or more new mortgages	5759	2807	122	2567	264
Assumed mortgage(s) already on property	7474	4241	40	2903	290
Assumed mortgage(s) already on property and placed new mortgage	2127	413	280	1434	0
Borrowed using assets other than this property as collateral	549	295	0	254	0
Paid all cash-no borrowing	1070	813	0	257	0
Other manner	376	376	0	0	0
By inheritance or gift	918	751	0	106	61
By divorce	187	187	0	0	0
By tax free exchange of other property	2820	1478	89	1253	0
By foreclosure or assignment	322	121	0	201	0
By some other manner	941	630	0	245	67
Not reported	4860	2731	643	1428	58
Source of Downpayment@1 Properties purchased 1995 to 2001 (part)	40651	20975	4323	15084	269
Sale of stock or other partnership shares for this project	1443	708	0	735	0
Sale of previously owned stocks, shares, or other securities	1280	667	331	282	0
Sale of land or other real estate	8109	3243	479	4268	120
Owner's cash, bank deposits, share accounts, or bonds	21660	10857	3200	7454	149
Borrowing from a retirement plan	1330	1005	0	325	0
Borrowing using assets other than this property as collateral	2679	1288	55	1335	0
Proceeds from an insurance policy	362	273	0	89	0
From a state or local government source	515	380	34	101	0
From a non-profit organization	98	28	0	70	0
Proceeds from sale of tax credits	101	67	34	0	0
From parents or relatives	775	478	37	260	0
Other cash source	810	402	0	408	0
Non-cash source	194	69	30	95	0
No downpayment required	1522	1210	0	312	0
Not reported	4826	3693	508	625	0
Other properties	55460	29899	2032	22649	881
Not reported	3145	1890	643	555	58
Year Property Acquired 1999 to 2001 (part)	23597	11102	3203	8962	330
1997 and 1998	14228	7711	563	5896	58
1995 and 1996	7927	5344	1289	1294	0
1990 to 1994	15883	7642	1256	6776	211
1985 to 1989	16383	9395	280	6708	0
1980 to 1984	6402	2601	40	3151	609
1975 to 1979	7591	4617	298	2676	0
1970 to 1974	4900	2391	69	2440	0
1969 or earlier	2346	1961	0	385	0
Property New or Previously Owned When Acquired Acquired by purchase	89208	46866	6266	35055	1021
New	11735	7987	284	3381	82
Previously owned	76693	38392	5756	31606	939
As residential property	73325	36793	4525	31068	939
Converted from nonresidential use	3368	1599	1231	539	0
Other	480	222	226	32	0
Not reported	300	265	0	35	0
Other properties	5189	3167	89	1805	128
Not reported	4860	2731	643	1428	58
Year Structure Built 1999 to March 2000	5797	2886	1737	1175	0
1997 and 1998	2288	1604	0	684	0
1995 and 1996	1259	883	174	202	0
1990 to 1994	3954	1820	74	1946	115
1980 to 1989	13154	6797	461	5747	149
1970 to 1979	14604	8795	465	5175	170
1960 to 1969	22835	11891	1463	9453	28
1950 to 1959	12313	6658	96	5432	128
1940 to 1949	5208	1744	711	2754	0
1939 or earlier	17843	9687	1818	5721	617
Purchase Price Per Housing Unit@8 Properties acquired by purchase 1997 to 2001 (part)	33228	16075	3034	13850	269
Less than $20,000	2974	1891	124	960	0
$20,000 to $39,999	8291	3938	739	3495	120
$40,000 to $59,999	9907	4314	381	5063	149
$60,000 to $79,999	3923	1512	292	2119	0
$80,000 to $99,999	3303	1251	189	1863	0
$100,000 to $124,999	2585	1059	1176	350	0
$125,000 to $149,999	447	314	134	0	0
$150,000 to $174,999	337	337	0	0	0
$175,000 to $199,999	327	327	0	0	0
$200,000 to $249,999	239	239	0	0	0
$250,000 to $299,999	265	265	0	0	0
$300,000 to $499,999	0	0	0	0	0
$500,000 or more	457	457	0	0	0
Median	50625	49843	78749	49759	41937
Mean	65045	75464	69285	52729	35313
Other properties	66029	36688	3964	24438	939
Value Less than $100,000	911	443	298	0	170
$100,000 to $199,999	5031	4154	566	311	0
$200,000 to $299,999	7794	4077	747	2904	67
$300,000 to $399,999	8448	3795	1402	3251	0
$400,000 to $499,999	12301	6091	0	5771	439
$500,000 to $749,999	20011	9250	1960	8532	269
$750,000 to $999,999	11297	5493	869	4844	91
$1,000,000 to $1,499,999	14326	8498	343	5484	0
$1,500,000 to $1,999,999	7478	3849	429	3139	61
$2,000,000 to $2,999,999	5878	3392	146	2311	28
$3,000,000 to $3,999,999	2673	1596	198	879	0
$4,000,000 to $4,999,999	1204	876	40	287	0
$5,000,000 or more	1904	1248	0	574	82
Median	689175	711395	561969	702387	483485
Mean	1041480	1118043	678635	1008969	829661
Value Per Housing Unit@8 Less than $20,000	5098	4028	298	502	270
$20,000 to $39,999	18822	11222	1701	5721	178
$40,000 to $59,999	23470	10337	2194	10322	616
$60,000 to $79,999	18546	9057	910	8518	61
$80,000 to $99,999	11799	7310	320	4169	0
$100,000 to $124,999	7777	2699	1176	3902	0
$125,000 to $149,999	3521	2105	0	1416	0
$150,000 to $174,999	2542	582	194	1766	0
$175,000 to $199,999	2153	1004	0	1067	82
$200,000 to $249,999	3186	2791	134	262	0
$250,000 to $299,999	96	96	0	0	0
$300,000 to $499,999	917	519	70	327	0
$500,000 or more	1329	1013	0	316	0
Median	62414	61755	53669	66101	45053
Mean	80657	83723	63967	80557	46593
Value of Capital Improvements Properties with capital improvements between 1998 and 2000	48556	25212	4745	17917	682
Less than $5,000	10668	4188	2552	3929	0
$5,000 to $9,999	8214	4295	457	2989	472
$10,000 to $24,999	15295	9021	937	5189	149
$25,000 to $49,999	8678	4626	189	3802	61
$50,000 to $74,999	2038	868	146	1024	0
$75,000 to $99,999	527	396	0	131	0
$100,000 to $149,999	1504	1065	142	297	0
$150,000 to $199,999	618	249	134	236	0
$200,000 to $299,999	303	113	0	190	0
$300,000 or more	711	391	189	131	0
Median	15292	16856	4649	15900	8611
Mean	34224	35844	60381	25934	10120
Properties with no capital improvements between 1998 and 2000	31275	15794	1060	14223	198
Capital improvements not reported	19425	11758	1193	6148	327
Value of Capital Improvements Per Unit Properties with capital improvements between 1998 and 2000	48556	25212	4745	17917	682
Less than $500	11914	5897	1248	4653	115
$500 to $999	11995	6287	1761	3441	506
$1,000 to $2,499	14520	8226	820	5413	61
$2,500 to $4,999	6097	2789	593	2715	0
$5,000 to $7,499	2092	906	0	1187	0
$7,500 to $9,999	314	0	0	314	0
$10,000 to $14,999	386	117	134	135	0
$15,000 to $19,999	923	864	0	59	0
$20,000 to $29,999	0	0	0	0	0
$30,000 or more	315	126	189	0	0
Median	1038	1077	819	1240	723
Mean	2618	2239	7724	1873	686
Properties with no capital improvements between 1998 and 2000	31275	15794	1060	14223	198
Capital improvements not reported	19425	11758	1193	6148	327
Monthly Rental Receipts Per Housing Unit Acquired before 2000	82740	45775	4709	31230	1026
Less than $100	2264	1313	388	393	170
$100 to $199	6403	4430	0	1915	58
$200 to $299	9078	4920	724	3400	33
$300 to $399	9741	7496	627	1618	0
$400 to $499	10099	4949	1624	2939	588
$500 to $599	12479	7114	452	4831	82
$600 to $799	9300	4560	34	4705	0
$800 to $999	12438	4760	425	7157	95
$1000 or more	10665	5961	433	4272	0
No rental receipts	273	273	0	0	0
Median	529	493	438	622	443
Mean	1617	2039	3917	691	394
Acquired 2000 and 2001 (part)	16517	6989	2289	7058	181
Rental Receipts as Percent of Value@8 Acquired before 2000	82740	45775	4709	31230	1026
Less than 5 percent	2706	1029	244	1351	82
5 to 9 percent	32488	20161	1043	11225	58
10 to 14 percent	30202	14071	2537	12835	758
15 to 19 percent	10323	5659	347	4284	33
20 to 24 percent	1451	766	34	622	28
25 to 29 percent	1691	1485	0	206	0
30 to 39 percent	1067	955	0	112	0
40 percent or more	2539	1376	504	593	67
Median	11	11	12	11	12
Acquired 2000 and 2001 (part)	16517	6989	2289	7058	181
Rental Vacancy Losses as Percent of Potential Receipts Acquired before 2000	82740	45775	4709	31230	1026
Less than 1.0 percent	13592	5560	526	7067	439
1.0 to 2.9 percent	14935	6811	1204	6772	149
3.0 to 4.9 percent	12151	7303	395	4424	28
5.0 to 6.9 percent	4266	2560	69	1637	0
7.0 to 8.9 percent	5294	2544	412	2339	0
9.0 to 10.9 percent	3383	1700	571	963	149
11.0 to 12.9 percent	1672	1361	72	239	0
13.0 to 14.9 percent	1123	482	0	608	33
15.0 percent or more	5564	3697	578	1289	0
Not reported or not computed	20758	13756	883	5891	228
Median	3.4	4.0	3.9	2.7	0.9
Acquired 2000 and 2001 (part)	16517	6989	2289	7058	181
Age Restrictions Property restricted to people age 55 or older	20315	8011	2272	9756	277
Property not restricted to people age 55 or older	76628	43107	4656	27993	872
Not reported	2313	1645	70	539	58
Age Composition Over one-half the residents of the building age 55 or older	2589	1806	104	679	0
Over one-half the residents of the building not age 55 or older	71094	39314	4552	26356	872
Not reported	25573	11643	2342	11253	335
Meal Service Provided by Properties Exclusively or Predominantly Occupied by People Age 55 or Older Property provides meal service	11268	4291	1203	5713	61
Charge included in rent	8655	3574	762	4258	61
Charge not included in rent	0	0	0	0	0
Not reported	2613	717	441	1455	0
Property does not provide meal service	6119	3829	159	1982	149
Not reported	81870	44644	5636	30593	997
Type of Property Benefits@1 Government-sponsored below-market interest rate mortgage loan	3445	2402	0	522	521
Government rental subsidy	12323	6925	794	4537	67
Government grant	900	835	34	31	0
Property tax relief	1521	1113	34	374	0
Federal income tax credit for low-income, old or historic properties	1167	879	55	152	82
Accelerated federal income tax depreciation for low- and moderate-income properties	77	43	34	0	0
Subsidy from a non-profit corporation	194	87	0	107	0
None of the above benefits	72217	35656	5267	30733	561
Not reported	11265	8041	848	2318	58
Source of Property Benefits@1 With property benefits	15773	9067	882	5236	588
Federal government	10052	6324	589	2617	521
State government	2173	1130	0	1044	0
Local government	5543	2465	759	2252	67
Non-profit corporation	194	87	0	107	0
Not reported	505	253	0	253	0
With no property benefits	72217	35656	5267	30733	561
Not reported	11265	8041	848	2318	58
Reason for Benefits@1 With property benefits	15773	9067	882	5236	588
Occupied by low- or moderate-income individuals	12853	7667	882	4221	82
Occupied by elderly or disabled individuals	3690	2815	241	634	0
A historic structure	86	86	0	0	0
Located in a community development or economic development area	763	591	0	91	82
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	486	0	0	47	439
Other reason	154	11	0	76	67
Not reported	1178	524	0	653	0
With no property benefits	72217	35656	5267	30733	561
Not reported	11265	8041	848	2318	58
Section 8 Rental Housing Certificates and Vouchers Property did or does have tenants receiving Section 8 assistance	38929	21129	2721	14749	331
Property has never had tenants receiving Section 8 assistance	50396	27009	3679	18890	818
Not reported	9931	4626	599	4649	58
OWNER CHARACTERISTICS Type of Owner Individual investor(s)	68837	34382	3716	29767	972
Limited partnership	10824	6391	574	3777	82
Joint venture	713	646	0	67	0
General partnership	6495	3414	1622	1458	0
Life insurance company	113	113	0	0	0
Depository institution	83	83	0	0	0
Public real estate investment trust	204	34	0	112	58
Private real estate investment trust	0	0	0	0	0
Corporation - other than real estate investment trust	6965	4967	508	1394	95
Housing cooperative organization	168	168	0	0	0
Non-profit or church-related institution	2312	1431	0	882	0
Pension fund	0	0	0	0	0
Fraternal organization	0	0	0	0	0
Other	2542	1135	577	830	0
MORTGAGE CHARACTERISTICS Method of Loan Application By computer over the Internet or by e-mail	90	90	0	0	0
By telephone or FAX	10143	4634	593	4916	0
By regular mail	9365	5502	170	3693	0
By personal visit	41450	20785	3268	16562	836
Through third party (such as real estate agent or builder)	22449	12470	1472	8507	0
Some other way	2465	1531	448	486	0
Not reported	9794	5994	767	2832	202
Not available	3500	1758	280	1293	170
Origin of First Mortgage Mortgage made at time property acquired	70009	36681	6297	26580	450
Mortgage assumed at the time property acquired	7761	3650	280	3541	290
Mortgage placed later than acquisition of property	21487	12432	421	8166	468
Refinanced mortgage	19896	11282	421	7726	468
Same lender	4647	3192	0	1455	0
Different lender	15250	8090	421	6271	468
Mortgage placed on property owned free and clear of debt	1591	1150	0	440	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	21487	12432	421	8166	468
Obtain lower interest rate	8010	5269	0	2742	0
Increase payment period for mortgage	97	0	47	50	0
Reduce payment period for mortgage	232	191	40	0	0
Renew or extend loan that had fallen due, without increasing outstanding balance	1236	905	0	331	0
Receive cash or increase outstanding balance of loan	9713	5098	293	3854	468
Other reason	1269	530	40	699	0
Not reported	929	438	0	491	0
Other properties	77769	40331	6577	30122	739
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	13791	7010	381	5933	468
Less than $100,000	4791	2130	293	2367	0
$100,000 to $199,999	3294	1391	0	1464	439
$200,000 to $299,999	1815	1262	0	553	0
$300,000 to $399,999	1780	1258	0	522	0
$400,000 to $499,999	747	211	88	449	0
$500,000 to $749,999	697	319	0	378	0
$750,000 to $999,999	244	137	0	79	28
$1,000,000 to $1,499,999	214	102	0	111	0
$1,500,000 to $1,999,999	59	49	0	10	0
$2,000,000 to $2,999,999	150	150	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	0	0	0	0	0
Not reported	0	0	0	0	0
Median	163895	198807	64951	140939	153236
Mean	226754	266780	123421	192648	143704
Properties that refinanced and did not receive cash back	5922	4081	40	1801	0
Properties that refinanced and did not report if received cash back	1773	1342	0	432	0
Properties that did not refinance	77769	40331	6577	30122	739
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	13791	7010	381	5933	468
For additions, improvements or repairs to this property	5250	2663	40	2079	468
To consolidate debts	2104	961	270	872	0
For investment in other real estate	5859	2535	70	3253	0
For other types of investments	1190	383	0	807	0
For educational or medical expenses	537	537	0	0	0
To start a business	100	100	0	0	0
To settle a divorce	794	794	0	0	0
To pay taxes	593	542	0	51	0
To purchase an automobile, truck, or other vehicle	118	118	0	0	0
To purchase consumer product other than automobile, truck, or other vehicle	260	260	0	0	0
Other	802	433	40	328	0
Not reported	128	128	0	0	0
Properties that refinanced and did not receive cash back	5922	4081	40	1801	0
Properties that refinanced and did not report if received cash back	1773	1342	0	432	0
Properties that did not refinance	77769	40331	6577	30122	739
Not available	0	0	0	0	0
Year First Mortgage Made or Assumed 1999 to 2001 (part)	31904	14306	3604	13636	358
1997 and 1998	19485	11725	534	7168	58
1995 and 1996	9678	5751	1359	2568	0
1990 to 1994	18431	9366	894	7549	621
1985 to 1989	12770	6127	239	6404	0
1980 to 1984	1193	760	0	263	170
1979 or earlier	5795	4728	367	699	0
First Mortgage Insurance Status FHA-insured first mortgage	5693	4192	75	1426	0
VA-guaranteed first mortgage	0	0	0	0	0
Rural Housing Service-Rural Development- insured or -guaranteed first mortgage	2507	2236	244	27	0
Other federal, state, or local government-insured or guaranteed first mortgage	3493	1779	323	1309	82
Insured conventional first mortgage	8592	5533	255	2268	535
Uninsured conventional first mortgage	78971	39023	6101	33257	591
Not reported	0	0	0	0	0
Traditional First Mortgage Loan Less than $50,000	2612	2039	89	314	170
$50,000 to $99,999	2832	2247	501	84	0
$100,000 to $149,999	8049	4225	1732	2025	67
$150,000 to $199,999	10843	5720	541	4142	439
$200,000 to $249,999	8681	4627	612	3442	0
$250,000 to $299,999	8709	2459	0	6191	58
$300,000 to $399,999	10705	4974	431	5181	120
$400,000 to $499,999	9838	5866	406	3418	149
$500,000 to $749,999	17303	8271	1927	7011	94
$750,000 to $999,999	6078	3058	342	2679	0
$1,000,000 to $1,499,999	5980	3488	353	2029	110
$1,500,000 to $1,999,999	2513	1587	37	889	0
$2,000,000 or more	1636	854	30	752	0
Not reported	3478	3347	0	130	0
Median	345838	352201	301440	347001	191743
Mean	488238	493766	392038	503319	342965
Total Mortgage Loan Less than $50,000	2612	2039	89	314	170
$50,000 to $99,999	2797	2212	501	84	0
$100,000 to $149,999	6679	3253	1452	1907	67
$150,000 to $199,999	10668	5756	821	3652	439
$200,000 to $249,999	8034	4410	426	3199	0
$250,000 to $299,999	8587	2510	186	5833	58
$300,000 to $399,999	10930	5046	360	5404	120
$400,000 to $499,999	9232	5346	476	3261	149
$500,000 to $749,999	18812	9386	1828	7503	94
$750,000 to $999,999	6708	3101	303	3304	0
$1,000,000 to $1,499,999	5753	3519	490	1715	28
$1,500,000 to $1,999,999	3055	1898	37	1038	82
$2,000,000 or more	1914	941	30	944	0
Not reported	3478	3347	0	130	0
Median	363916	370946	301721	366090	187085
Mean	515801	522969	406359	531543	359256
Traditional First Mortgage Outstanding Debt Less than $50,000	4373	3287	89	827	170
$50,000 to $99,999	7091	4701	1700	623	67
$100,000 to $149,999	11828	5948	919	4521	439
$150,000 to $199,999	9733	5827	541	3365	0
$200,000 to $249,999	9131	2914	390	5827	0
$250,000 to $299,999	6723	2628	127	3910	58
$300,000 to $399,999	11103	5334	256	5244	269
$400,000 to $499,999	10349	5570	513	4232	33
$500,000 to $749,999	12728	5874	1799	4994	61
$750,000 to $999,999	4860	2982	388	1491	0
$1,000,000 to $1,499,999	4883	2814	210	1748	110
$1,500,000 to $1,999,999	1699	857	37	805	0
$2,000,000 or more	1280	680	30	570	0
Not reported	3478	3347	0	130	0
Median	286333	280494	229675	294925	141743
Mean	422716	421445	354569	440210	316825
Total Mortgage Outstanding Debt Less than $50,000	4050	2965	89	827	170
$50,000 to $99,999	6310	3986	1700	557	67
$100,000 to $149,999	11741	5948	884	4469	439
$150,000 to $199,999	9483	5863	541	3079	0
$200,000 to $249,999	8252	2965	204	5084	0
$250,000 to $299,999	7426	2628	313	4427	58
$300,000 to $399,999	10039	4619	186	5114	120
$400,000 to $499,999	10977	6440	583	3772	182
$500,000 to $749,999	13819	6117	1736	5905	61
$750,000 to $999,999	5033	3057	384	1592	0
$1,000,000 to $1,499,999	4978	3002	313	1553	110
$1,500,000 to $1,999,999	2178	1081	37	1060	0
$2,000,000 or more	1493	746	30	718	0
Not reported	3478	3347	0	130	0
Median	296892	296448	259985	302071	141743
Mean	431645	421136	367050	461271	325766
Current Interest Rate on First Mortgage Less than 6.0 percent	43188	24093	3407	14838	849
6.0 percent	1058	381	0	677	0
6.1 to 6.4 percent	3540	316	0	3224	0
6.5 to 6.9 percent	5838	368	1272	4198	0
7.0 percent	7256	4587	121	2548	0
7.1 to 7.4 percent	4047	717	204	3127	0
7.5 to 7.9 percent	3566	1164	132	2151	120
8.0 percent	2469	1779	0	601	89
8.1 to 8.4 percent	2049	905	400	595	149
8.5 to 8.9 percent	5012	1314	154	3544	0
9.0 percent	1305	863	313	129	0
9.1 to 9.4 percent	1047	712	0	334	0
9.5 to 9.9 percent	964	504	460	0	0
10.0 percent	730	385	315	31	0
10.1 to 10.4 percent	234	234	0	0	0
10.5 to 10.9 percent	285	214	0	70	0
11.0 percent	1222	1222	0	0	0
11.1 to 12.9 percent	1361	1080	221	60	0
13.0 percent	273	273	0	0	0
13.1 percent or more	13814	11654	0	2160	0
Not reported	0	0	0	0	0
Median	6.7	7.0	6.5	6.5	4.3
Type of Interest Rate Buydown Properties with interest rate buydown	223	55	0	167	0
Constant payment	55	55	0	0	0
3-2-1 buydown	0	0	0	0	0
Other	167	0	0	167	0
Not reported	0	0	0	0	0
Properties without interest rate buydown	34866	8495	3455	22476	440
Not reported	64167	44213	3543	15644	767
Term of First Mortgage Less than 5 years	670	0	186	484	0
5 years	2234	416	1710	48	61
6 to 9 years	746	119	70	557	0
10 years	3484	1357	1114	865	148
11 to 14 years	32	32	0	0	0
15 years	4432	1316	430	2686	0
16 to 19 years	0	0	0	0	0
20 years	1541	846	0	695	0
21 to 24 years	0	0	0	0	0
25 years	604	122	0	333	149
26 to 29 years	89	55	0	34	0
30 years	31428	6898	75	24455	0
More than 30 years	1617	1250	0	285	82
No stated term	52379	40353	3413	7846	767
Median	30	30	6	30	25
Unexpired Term of First Mortgage Less than 5 years	2209	544	661	1004	0
5 to 9 years	7724	2298	2509	2707	209
10 to 14 years	2880	1017	280	1583	0
15 to 19 years	8048	1756	96	6197	0
20 to 24 years	8759	2690	0	5921	149
25 to 29 years	13267	3105	40	10121	0
30 or more years	3990	1000	0	2908	82
No stated term or not computed	52379	40353	3413	7846	767
Median	21	21	7	23	20
Holder of First Mortgage Commercial bank or trust company	18622	9410	2710	6346	157
Savings and loan association, federal savings bank	23670	5440	428	17094	708
Mutual savings bank	1941	1075	0	867	0
Life insurance company	2417	1795	204	418	0
Mortgage banker or mortgage company	6691	701	72	5919	0
Federally-sponsored secondary market agency or pool	27396	21257	1648	4399	91
Conventional mortgage pool	64	64	0	0	0
Other federal agency	2200	1848	134	48	170
Real estate investment trust	0	0	0	0	0
Pension or retirement fund	186	0	40	145	0
Credit union	1819	948	223	649	0
Finance company	855	522	0	333	0
State or municipal government or housing finance agency	3813	3200	198	333	82
Individual or individual's estate	5780	4185	755	840	0
Other	3804	2319	587	898	0
First Mortgage Loan as a Percent of Purchase Price Properties acquired by purchase with first mortgage made or assumed at time of purchase	70182	35851	6068	27709	553
Less than 40 percent	3353	2084	220	1049	0
40 to 49 percent	2354	1274	344	735	0
50 to 59 percent	6444	2695	671	3078	0
60 to 69 percent	9763	5305	859	3331	269
70 to 79 percent	15598	6478	690	8397	33
80 to 89 percent	10047	4891	814	4342	0
90 to 94 percent	2609	2012	276	321	0
95 to 99 percent	1677	1080	280	318	0
100 percent or more	15278	7104	1914	6009	252
Not reported	3059	2929	0	130	0
Median	77	78	83	77	72
Other properties	29075	16913	930	10578	654
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	70182	35851	6068	27709	553
Less than 40 percent	5898	1785	1583	2530	0
40 to 49 percent	1990	1368	30	593	0
50 to 59 percent	5266	1961	587	2717	0
60 to 69 percent	18413	8812	1264	8069	269
70 to 79 percent	17788	6566	885	10052	285
80 to 89 percent	7337	4623	829	1884	0
90 to 94 percent	2101	1699	315	87	0
95 to 99 percent	1060	1060	0	0	0
100 percent or more	7543	5320	576	1647	0
Not reported	2786	2656	0	130	0
Median	71	74	67	70	70
Other properties	29075	16913	930	10578	654
Not available	0	0	0	0	0
First Mortgage Risk Subprime loan	6315	5714	75	527	0
Not subprime loan	92941	47050	6923	37761	1207
Not reported	0	0	0	0	0
Index Used to Adjust Interest Rate on ARM Properties with adjustable rate first mortgage	39495	0	0	38288	1207
Treasury security	3754	0	0	3486	269
Average cost of funds in bank district	21329	0	0	21329	0
National average cost of funds	448	0	0	448	0
OTS contract mortgage rate	0	0	0	0	0
Other method	4229	0	0	4200	28
No index used	143	0	0	0	143
Not reported	9592	0	0	8824	767
Other properties	59761	52763	6998	0	0
Not reported	0	0	0	0	0
Frequency With Which Rate Can Be Adjusted Properties with adjustable rate first mortgage	39495	0	0	38288	1207
Monthly	21158	0	0	21158	0
Every 3 months	1051	0	0	1051	0
Every 6 months	4004	0	0	4004	0
Yearly	1742	0	0	1474	269
Every 3 years	255	0	0	255	0
Every 5 years	720	0	0	691	28
Other	710	0	0	710	0
Not reported	9855	0	0	8945	910
Other properties	59761	52763	6998	0	0
Not reported	0	0	0	0	0
Caps on Interest Rate Per Adjustment Period Properties with adjustable rate first mortgage	39495	0	0	38288	1207
Less than 1 percent	1853	0	0	1853	0
1 percent	51	0	0	51	0
1.1 to 1.9 percent	1093	0	0	1093	0
2 percent	1728	0	0	1728	0
2.1 to 2.9 percent	1540	0	0	1391	149
3 percent	601	0	0	601	0
3.1 to 3.9 percent	442	0	0	442	0
4.0 percent or more	1314	0	0	1314	0
No caps	19860	0	0	19711	148
Not reported	11013	0	0	10103	910
Other properties	59761	52763	6998	0	0
Not reported	0	0	0	0	0
Caps on Interest Rate Over Life of ARM Properties with adjustable rate first mortgage	39495	0	0	38288	1207
Less than 1 percent	1624	0	0	1624	0
1 percent	0	0	0	0	0
1.1 to 1.9 percent	0	0	0	0	0
2 percent	0	0	0	0	0
2.1 to 2.9 percent	166	0	0	166	0
3 percent	448	0	0	448	0
3.1 to 3.9 percent	456	0	0	456	0
4.0 percent or more	17115	0	0	16967	149
No caps	5587	0	0	5559	28
Not reported	14099	0	0	13069	1030
Other properties	59761	52763	6998	0	0
Not reported	0	0	0	0	0
Interest Rate Changed Since Mortgage Made Properties with adjustable rate first mortgage	39495	0	0	38288	1207
Yes, rate has changed	27116	0	0	26935	181
No change since mortgage made	2234	0	0	1975	259
Not reported	10145	0	0	9378	767
Other properties	59761	52763	6998	0	0
Not reported	0	0	0	0	0
Percentage of Margin Over Index on ARM Properties with adjustable rate first mortgage	39495	0	0	38288	1207
Less than 1 percent	82	0	0	0	82
1 percent	0	0	0	0	0
1.1 to 1.9 percent	45	0	0	45	0
2 percent	1189	0	0	1189	0
2.1 to 2.9 percent	22484	0	0	22307	177
3 percent	1807	0	0	1807	0
3.1 to 3.9 percent	2557	0	0	2437	120
4 percent	71	0	0	71	0
4.1 to 4.9 percent	311	0	0	311	0
5 percent or more	67	0	0	67	0
Not reported	10882	0	0	10053	828
Median	2.6	0.0	0.0	2.6	2.6
Other properties	59761	52763	6998	0	0
Not reported	0	0	0	0	0
ARM Convertible to Fixed Rate Mortgage Properties with adjustable rate first mortgage	39495	0	0	38288	1207
Can be converted	1716	0	0	1716	0
Cannot be converted	20187	0	0	19836	350
Not reported	17592	0	0	16735	857
Other properties	59761	52763	6998	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	7224	0	0	7224	0
Payments can change monthly	70	0	0	70	0
Payments can change every three months	326	0	0	326	0
Payments can change every six months	309	0	0	309	0
Payments can change yearly	6310	0	0	6310	0
Payments can change every 3 years	209	0	0	209	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	81764	52763	6998	21562	440
Not reported	10269	0	0	9502	767
First Mortgage Allows for Negative Amortization Monthly payments can change (other than change in interest rate)	7224	0	0	7224	0
Yes, unrestricted negative amortization	163	0	0	163	0
Yes, restricted negative amortization	5642	0	0	5642	0
No negative amortization allowed	1359	0	0	1359	0
Not reported	60	0	0	60	0
Monthly payments cannot change	81764	52763	6998	21562	440
Not reported	10269	0	0	9502	767
MORTGAGE PAYMENTS AND OTHER EXPENSES Method of Payment of First Mortgage Regular payments of interest and/or principal	94019	49987	6684	36223	1125
Interest and principal	93757	49987	6457	36188	1125
Fully amortized	80222	47178	0	32128	916
Not fully amortized	13535	2809	6457	4060	209
Interest only	262	0	227	35	0
No regular payments required	2066	123	315	1546	82
Not reported	3172	2653	0	518	0
Items Included in First Mortgage Payment@1 Regular monthly payments of both interest and principal	93757	49987	6457	36188	1125
Real estate taxes	12804	2425	405	9706	269
Property insurance	5988	2101	366	3401	120
Mortgage insurance	816	344	0	472	0
Other	2472	576	55	1841	0
No items included or not reported	80135	47521	5849	25908	857
No regular payments of interest and principal	5499	2776	541	2100	82
Monthly Interest and Principal Payments on First Mortgage Per Housing Unit Regular monthly payments of interest and/or principal	97191	52640	6684	36742	1125
Less than $100	9496	6299	829	2198	170
$100 to $199	23111	11791	1423	9247	650
$200 to $299	27753	13002	2059	12454	238
$300 to $399	12575	7316	354	4838	67
$400 to $499	7315	4377	106	2832	0
$500 to $599	3259	698	477	2083	0
$600 to $699	2388	1917	0	471	0
$700 to $799	1392	1011	0	381	0
$800 to $899	1112	695	0	416	0
$900 to $999	1207	0	1176	30	0
$1,000 to $1,249	898	595	70	232	0
$1,250 to $1,499	96	96	0	0	0
$1,500 or more	3417	2189	189	1039	0
Not reported	3172	2653	0	518	0
Median	252	253	253	254	160
Mean	513	520	1474	336	147
No regular payments required	2066	123	315	1546	82
Current First Mortgage Payment Status Regular monthly payments of principal and/or interest	97191	52640	6684	36742	1125
Up-to-date, ahead of schedule, or less than 90 days past due	39913	8563	3236	27756	358
Delinquent by 90 days or more	172	76	0	96	0
Legal proceedings have begun	0	0	0	0	0
Legal proceedings have not begun	172	76	0	96	0
Not reported	0	0	0	0	0
Not reported	57105	44002	3447	8889	767
Other properties	2066	123	315	1546	82
Monthly Interest and Principal Payments on Total Mortgages Per Housing Unit Regular monthly payments of interest and/or principal	97191	52640	6684	36742	1125
Less than $100	11888	8620	520	2578	170
$100 to $199	22365	11213	1512	8990	650
$200 to $299	28212	13305	2177	12492	238
$300 to $399	12361	6841	457	4996	67
$400 to $499	7193	4160	106	2927	0
$500 to $599	3976	1861	477	1639	0
$600 to $699	2436	1664	0	772	0
$700 to $799	1909	1339	0	570	0
$800 to $899	1174	758	0	416	0
$900 to $999	1207	0	1176	30	0
$1,000 to $1,249	851	549	70	232	0
$1,250 to $1,499	202	142	0	60	0
$1,500 or more	3417	2189	189	1039	0
Not reported	0	0	0	0	0
Median	251	249	260	254	160
Mean	505	504	1480	340	150
No regular payments required	2066	123	315	1546	82
Interest and Principal Payment on First Mortgage as Percent of Rental Receipts Acquired before 2000 and regular payments of interest and/or princi	78429	43840	4395	29249	944
Less than 20 percent	7118	4288	175	2655	0
20 to 29 percent	11438	4461	405	6133	439
30 to 39 percent	13555	6560	921	6045	28
40 to 49 percent	12680	6704	431	5374	170
50 to 59 percent	9422	6221	942	2010	249
60 to 69 percent	4975	3675	496	803	0
70 to 79 percent	4610	4119	0	433	58
80 to 89 percent	1754	871	223	660	0
90 to 99 percent	1049	322	70	657	0
100 percent or more	11554	6344	732	4478	0
Not reported or not computed	273	273	0	0	0
Median	45	50	53	40	40
Other properties	20828	8923	2603	9038	263
Interest and Principal Payment on Total Mortgages as Percent of Rental Receipts Acquired before 2000 and regular payments of interest and/or principal	78877	43840	4395	29698	944
Less than 20 percent	7201	4018	145	3038	0
20 to 29 percent	10936	4055	400	6042	439
30 to 39 percent	12951	6371	641	5910	28
40 to 49 percent	12674	6828	711	4965	170
50 to 59 percent	9310	5758	977	2326	249
60 to 69 percent	5890	4206	496	1189	0
70 to 79 percent	4686	4195	0	433	58
80 to 89 percent	2296	1413	223	660	0
90 to 99 percent	990	322	70	597	0
100 percent or more	11670	6401	732	4538	0
Not reported or not computed	273	273	0	0	0
Median	46	51	53	40	40
Other properties	20379	8923	2603	8590	263
Real Estate Tax Per $1,000 Value Acquired before 2000	82740	45775	4709	31230	1026
Less than $5	21006	13350	670	6699	288
$5 to $9	30277	16145	1587	12077	468
$10 to $14	20725	9021	1231	10440	33
$15 to $19	4326	2680	555	921	170
$20 to $24	1144	1043	55	46	0
$25 to $29	912	643	0	269	0
$30 to $39	3505	2180	612	646	67
$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	843	713	0	130	0
Median	8	8	10	9	7
Acquired 2000 and 2001 (part)	16517	6989	2289	7058	181
Real Estate Tax as Percent of Rental Receipts Acquired before 2000	82740	45775	4709	31230	1026
Less than 5 percent	15622	8762	1019	5597	244
5 to 9 percent	38845	20722	1803	15708	612
10 to 14 percent	16656	10262	1051	5173	170
15 to 19 percent	4911	2788	186	1937	0
20 to 24 percent	2441	389	0	2052	0
25 to 29 percent	961	817	108	36	0
30 to 34 percent	989	332	452	205	0
35 to 39 percent	159	159	0	0	0
40 percent or more	1040	557	90	393	0
Not reported or not computed	1116	986	0	130	0
Median	8	8	9	8	7
Acquired 2000 and 2001 (part)	16517	6989	2289	7058	181
Property Management Property managed by paid property management company	53166	27148	4682	20385	951
Property not managed by paid property management company	39241	21486	1921	15635	198
Not reported	6850	4130	395	2267	58
Property Management and Administration Expenses Per Housing Unit Acquired before 2000	82740	45775	4709	31230	1026
Less than $100	1401	467	0	934	0
$100 to $199	3422	1358	449	1615	0
$200 to $299	6106	3091	227	2755	33
$300 to $399	6096	3078	528	2490	0
$400 to $499	5595	3259	329	1419	588
$500 to $599	5166	1645	358	3162	0
$600 to $699	3047	1497	208	1276	67
$700 to $799	2167	1465	0	702	0
$800 to $899	1219	789	0	319	110
$900 to $999	602	180	0	422	0
$1,000 to $1,249	2749	2117	186	446	0
$1,250 to $1,499	1172	564	34	574	0
$1,500 to $1,999	1086	876	40	169	0
$2,000 to $2,499	446	84	0	362	0
$2,500 or more	1503	946	504	54	0
No expenses	28074	16458	1364	10252	0
Not reported or not computed	12888	7899	482	4280	228
Median	469	483	469	439	462
Acquired 2000 and 2001 (part)	16517	6989	2289	7058	181
Maintenance and Repair Expenses Per Housing Unit Acquired before 2000	82740	45775	4709	31230	1026
Less than $100	742	363	252	127	0
$100 to $199	2956	2069	0	886	0
$200 to $299	5939	3220	349	2369	0
$300 to $399	4331	2759	45	1494	33
$400 to $499	6160	2668	730	2503	259
$500 to $599	5440	2760	333	2281	67
$600 to $699	4808	3154	0	1654	0
$700 to $799	6439	3482	40	2916	0
$800 to $899	3851	1616	327	1908	0
$900 to $999	2650	1164	0	1487	0
$1,000 to $1,249	6095	3285	277	2533	0
$1,250 to $1,499	3866	2491	135	1241	0
$1,500 to $1,999	4832	1836	745	1812	439
$2,000 to $2,499	2293	1139	121	1032	0
$2,500 or more	5186	2380	824	1982	0
No expenses	1448	851	47	379	170
Not reported or not computed	15704	10537	484	4626	58
Median	738	706	1011	762	1546
Acquired 2000 and 2001 (part)	16517	6989	2289	7058	181
Utility and Fuel Expenses Per Housing Unit Acquired before 2000	82740	45775	4709	31230	1026
Less than $250	7291	3423	706	3013	149
$250 to $499	21042	10996	1172	8402	472
$500 to $749	20782	11743	1258	7715	67
$750 to $999	9130	4433	347	4182	168
$1,000 to $1,249	3869	1780	113	1976	0
$1,250 to $1,499	1349	899	127	323	0
$1,500 to $1,749	506	70	0	436	0
$1,750 to $1,999	138	57	0	81	0
$2,000 to $2,499	59	59	0	0	0
$2,500 or more	1824	824	504	496	0
No expenses	2745	1941	0	634	170
Not reported or not computed	14006	9549	484	3973	0
Median	556	558	547	561	398
Acquired 2000 and 2001 (part)	16517	6989	2289	7058	181