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Residential Finance Survey: 2001 - Northeast
Table 6-3b. Mortgage Insurance Status, 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.
@5Includes first mortgages that are guaranteed by the VA or Rural Housing Service/Rural Development or are insured by state and local governments with or without FHA insurance, VA, or Rural Housing Service/Rural Development guarantees.
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^^

Properties with government-insured
rental market during all of year preceding survey and cooperatively owned apartments^^
or guaranteed first mortgage
Total mortgaged
properties
FHA
first mortgage
Other
insured or guaranteed
first mortgage@5
Properties with
privately-insured
first mortgage
Not insured

5- to 49-housing-unit properties
with traditional first mortgage
64252 3473 3102 5229 52449

PROPERTY CHARACTERISTICS


Property Location by Geographic Area

Inside MAs
56408 2624 2720 4965 46100
In central cities 33401 1567 1306 3719 26810
Not in central cities 23007 1058 1414 1246 19290
Outside MAs 7844 848 383 264 6348

Number of Housing Units

5 to 9 housing units
35166 2225 722 3307 28912
10 to 19 housing units 11933 649 523 491 10270
20 to 29 housing units 7605 182 873 930 5620
30 to 39 housing units 5419 106 713 327 4274
40 to 49 housing units 4129 310 272 174 3373

Manner of Acquisition

By purchase
57917 3473 2915 5066 46464
Placed one new mortgage 44310 2974 2379 3682 35275
Placed two or more new mortgages 7181 201 281 695 6004
Assumed mortgage(s) already on property 3337 96 123 102 3017
Assumed mortgage(s) already on property
and placed new mortgage
1107 0 132 72 904
Borrowed using assets other than this
property as collateral
959 0 0 0 959
Paid all cash-no borrowing 317 0 0 106 211
Other manner 706 203 0 409 94
By inheritance or gift 2722 0 166 0 2556
By divorce 80 0 0 0 80
By tax free exchange of
other property
0 0 0 0 0
By foreclosure or assignment 939 0 0 0 939
By some other manner 1086 0 13 78 995
Not reported 1508 0 8 84 1415

Source of Downpayment@1

Properties purchased
1995 to 2001 (part)
29662 1248 1333 3644 23438
Sale of stock or other partnership
shares for this project
634 8 132 38 456
Sale of previously owned stocks,
shares, or other securities
1295 0 0 0 1295
Sale of land or other real estate 2137 0 0 0 2137
Owner's cash, bank deposits,
share accounts, or bonds
16763 1081 553 1989 13140
Borrowing from a retirement plan 0 0 0 0 0
Borrowing using assets other than this
property as collateral
2487 127 0 0 2360
Proceeds from an insurance policy 0 0 0 0 0
From a state or local government source 425 0 125 0 300
From a non-profit organization 181 0 125 0 56
Proceeds from sale of tax credits 463 0 316 0 147
From parents or relatives 1222 49 0 467 706
Other cash source 261 0 0 0 261
Non-cash source 168 0 0 0 168
No downpayment required 2734 0 318 1091 1325
Not reported 3022 32 145 59 2786
Other properties 33269 2225 1761 1500 27783
Not reported 1321 0 8 84 1228

Year Property Acquired

1999 to 2001 (part)
19262 784 746 1849 15883
1997 and 1998 9070 64 595 1352 7060
1995 and 1996 5706 400 167 606 4533
1990 to 1994 7317 691 262 726 5638
1985 to 1989 8360 425 969 42 6924
1980 to 1984 5391 330 175 300 4586
1975 to 1979 2641 112 129 201 2199
1970 to 1974 3716 322 0 0 3393
1969 or earlier 2789 344 59 152 2233

Building and Land Acquisition

Acquired at same time
56416 2991 2005 4598 46822
Not acquired at same time 5156 437 963 508 3247
Land not owned by building owner 486 45 0 0 441
Not reported 2194 0 134 123 1938

Property New or Previously Owned When
Acquired

Acquired by purchase
57917 3473 2915 5066 46464
New 7090 437 1103 708 4843
Previously owned 49483 2770 1773 4359 40582
As residential property 46016 2658 1713 4002 37643
Converted from nonresidential use 3466 112 59 357 2939
Other 903 175 0 0 728
Not reported 442 91 39 0 311
Other properties 4827 0 179 78 4570
Not reported 1508 0 8 84 1415

Year Structure Built

1999 to March 2000
2632 8 125 175 2324
1997 and 1998 624 32 0 504 88
1995 and 1996 763 0 8 0 755
1990 to 1994 1468 0 340 351 776
1980 to 1989 4671 86 1096 405 3084
1970 to 1979 5044 200 168 647 4029
1960 to 1969 5220 589 133 561 3937
1950 to 1959 4353 0 458 0 3895
1940 to 1949 6333 959 0 1178 4196
1939 or earlier 33144 1599 774 1408 29363

Purchase Price Per Housing Unit@8

Properties acquired by
purchase 1997 to 2001 (part)
25390 848 1174 3038 20330
Less than $20,000 9015 312 365 483 7855
$20,000 to $39,999 9421 127 333 1898 7063
$40,000 to $59,999 3367 49 78 102 3139
$60,000 to $79,999 1561 256 0 0 1305
$80,000 to $99,999 751 103 0 504 144
$100,000 to $124,999 61 0 0 0 61
$125,000 to $149,999 490 0 398 0 92
$150,000 to $174,999 0 0 0 0 0
$175,000 to $199,999 44 0 0 0 44
$200,000 to $249,999 0 0 0 0 0
$250,000 to $299,999 52 0 0 52 0
$300,000 to $499,999 182 0 0 0 182
$500,000 or more 243 0 0 0 243
Median 27598 37647 33342 30922 26254
Mean 39596 42590 63520 37813 38343
Other properties 38863 2625 1928 2191 32119

Value

Less than $100,000
4132 0 153 266 3714
$100,000 to $199,999 10877 451 125 1505 8795
$200,000 to $299,999 7606 855 0 1041 5710
$300,000 to $399,999 7402 255 0 0 7146
$400,000 to $499,999 4586 233 0 592 3761
$500,000 to $749,999 6795 539 521 201 5533
$750,000 to $999,999 6572 263 995 520 4793
$1,000,000 to $1,499,999 6535 230 616 285 5404
$1,500,000 to $1,999,999 3156 276 440 475 1966
$2,000,000 to $2,999,999 2379 62 214 94 2008
$3,000,000 to $3,999,999 1652 262 0 150 1239
$4,000,000 to $4,999,999 714 0 0 48 666
$5,000,000 or more 1848 46 38 52 1713
Median 446006 475068 938882 281101 422840
Mean 900201 841399 1047894 721950 913131

Value Per Housing Unit@8

Less than $20,000
10192 483 358 458 8893
$20,000 to $39,999 21263 1201 904 3090 16068
$40,000 to $59,999 12264 755 631 458 10420
$60,000 to $79,999 9532 206 607 201 8518
$80,000 to $99,999 2939 96 0 402 2442
$100,000 to $124,999 2070 431 204 150 1285
$125,000 to $149,999 2518 46 398 418 1655
$150,000 to $174,999 837 0 0 0 837
$175,000 to $199,999 284 0 0 0 284
$200,000 to $249,999 171 0 0 0 171
$250,000 to $299,999 499 255 0 52 193
$300,000 to $499,999 999 0 0 0 999
$500,000 or more 685 0 0 0 685
Median 41095 41377 49168 33958 42425
Mean 62292 67042 59129 47121 63677

Purchase Price as Percent of Value@8

Acquired by purchase
57917 3473 2915 5066 46464
Purchased 1997 to 2001 (part) 25390 848 1174 3038 20330
Less than 60 percent 3725 64 436 324 2902
60 to 69 percent 2508 383 0 0 2124
70 to 79 percent 2498 0 0 418 2079
80 to 99 percent 7184 0 280 1371 5533
100 percent or more 9273 401 458 925 7490
Median 91 69 91 91 91
Purchased 1990 to 1996 (part) 10958 1091 408 1332 8127
Less than 40 percent 1241 488 0 0 753
40 to 59 percent 2004 0 0 379 1625
60 to 79 percent 2709 593 83 91 1942
80 to 99 percent 2451 10 159 776 1506
100 percent or more 2554 0 166 86 2302
Median 76 62 95 85 77
Purchased 1989 or earlier 21569 1534 1333 696 18007
Less than 20 percent 5617 309 124 0 5183
20 to 39 percent 2769 43 199 0 2527
40 to 59 percent 4010 330 371 42 3267
60 to 79 percent 1641 207 44 156 1234
80 to 99 percent 2027 454 128 0 1446
100 percent or more 5505 190 467 498 4351
Median 52 68 59 1953 48
Not acquired by purchase 6335 0 187 163 5985

Value of Capital Improvements

Properties with capital
improvements between 1998
and 2000
36166 2232 1733 3751 28450
Less than $5,000 6655 233 315 1409 4698
$5,000 to $9,999 4637 287 61 767 3522
$10,000 to $24,999 10203 980 473 173 8577
$25,000 to $49,999 5631 436 350 635 4210
$50,000 to $74,999 3036 156 305 590 1986
$75,000 to $99,999 1092 0 38 0 1054
$100,000 to $149,999 1871 141 0 0 1730
$150,000 to $199,999 1879 0 0 178 1701
$200,000 to $299,999 632 0 59 0 573
$300,000 or more 531 0 132 0 399
Median 19985 19131 26263 8043 20502
Mean 53842 27402 57074 29128 58978
Properties with no capital
improvements between 1998 and 2000
16844 422 1206 1078 14138
Capital improvements not
reported
11242 818 163 399 9861

Value of Capital Improvements Per Unit

Properties with capital
improvements between 1998
and 2000
36166 2232 1733 3751 28450
Less than $500 5247 402 478 134 4234
$500 to $999 9391 228 364 1784 7016
$1,000 to $2,499 10079 641 700 851 7887
$2,500 to $4,999 5459 455 0 386 4618
$5,000 to $7,499 1453 508 59 0 886
$7,500 to $9,999 582 0 0 0 582
$10,000 to $14,999 2482 0 132 596 1754
$15,000 to $19,999 304 0 0 0 304
$20,000 to $29,999 818 0 0 0 818
$30,000 or more 352 0 0 0 352
Median 1513 2140 1052 988 1566
Mean 3856 2611 2159 2542 4231
Properties with no capital
improvements between 1998 and 2000
16844 422 1206 1078 14138
Capital improvements not
reported
11242 818 163 399 9861

Monthly Rental Receipts Per Housing Unit

Acquired before 2000
49107 2784 2559 3517 40248
Less than $100 3751 203 0 78 3469
$100 to $199 2964 266 0 193 2505
$200 to $299 7289 466 602 0 6222
$300 to $399 4325 0 753 414 3159
$400 to $499 9185 422 384 1253 7127
$500 to $599 5773 663 391 42 4676
$600 to $799 4449 0 49 137 4262
$800 to $999 6266 337 155 532 5242
$1000 or more 5105 428 225 867 3585
No rental receipts 0 0 0 0 0
Median 468 505 390 486 467
Mean 829 759 454 1681 783
Acquired 2000 and 2001 (part) 15146 689 544 1712 12201

Rental Receipts as Percent of Value@8

Acquired before 2000
49107 2784 2559 3517 40248
Less than 5 percent 1720 0 0 130 1590
5 to 9 percent 13941 934 786 320 11900
10 to 14 percent 13710 477 835 1209 11189
15 to 19 percent 9286 1103 444 149 7589
20 to 24 percent 4317 152 50 732 3382
25 to 29 percent 2488 86 10 216 2176
30 to 39 percent 1249 0 95 72 1083
40 percent or more 2396 32 337 687 1340
Median 13 15 13 18 13
Acquired 2000 and 2001 (part) 15146 689 544 1712 12201

Rental Vacancy Losses as Percent of
Potential Receipts

Acquired before 2000
49107 2784 2559 3517 40248
Less than 1.0 percent 8057 417 753 518 6370
1.0 to 2.9 percent 5758 1243 372 217 3926
3.0 to 4.9 percent 5976 10 336 603 5028
5.0 to 6.9 percent 2459 0 45 107 2307
7.0 to 8.9 percent 2755 0 185 541 2029
9.0 to 10.9 percent 1549 0 103 504 943
11.0 to 12.9 percent 384 0 64 78 241
13.0 to 14.9 percent 1237 0 227 0 1010
15.0 percent or more 6039 490 47 186 5315
Not reported or not computed 14893 625 427 763 13079
Median 4.1 2.1 2.7 5.7 4.3
Acquired 2000 and 2001 (part) 15146 689 544 1712 12201

Age Restrictions

Property restricted to people
age 55 or older
11378 1339 744 1208 8087
Property not restricted to people
age 55 or older
49322 2089 2358 3929 40946
Not reported 3552 45 0 92 3415

Age Composition

Over one-half the residents of the
building age 55 or older
2928 452 128 78 2270
Over one-half the residents of the
building not age 55 or older
47394 1588 2144 3851 39811
Not reported 13930 1433 830 1300 10367

Meal Service Provided by Properties
Exclusively or Predominantly Occupied by
People Age 55 or Older

Property provides meal service
8139 1065 291 592 6191
Charge included in rent 5974 1033 291 592 4058
Charge not included in rent 32 32 0 0 0
Not reported 2133 0 0 0 2133
Property does not provide meal
service
3696 460 648 78 2510
Not reported 52417 1948 2163 4558 43747

Type of Property Benefits@1

Government-sponsored below-market
interest rate mortgage loan
3427 139 834 91 2362
Government rental subsidy 10244 139 909 1011 8186
Government grant 470 0 125 0 345
Property tax relief 1690 139 125 0 1426
Federal income tax credit for
low-income, old or historic properties
825 8 427 48 342
Accelerated federal income tax
depreciation for low- and
moderate-income properties
246 0 246 0 0
Subsidy from a non-profit corporation 356 45 163 0 148
None of the above benefits 46212 3281 1579 3877 37474
Not reported 4093 0 321 250 3522

Source of Property Benefits@1

With property benefits
13947 192 1201 1102 11453
Federal government 10578 147 1201 848 8382
State government 2314 0 49 211 2054
Local government 1177 96 49 42 990
Non-profit corporation 356 45 163 0 148
Not reported 300 0 0 0 300
With no property benefits 46212 3281 1579 3877 37474
Not reported 4093 0 321 250 3522

Reason for Benefits@1

With property benefits
13947 192 1201 1102 11453
Occupied by low- or moderate-income
individuals
10269 147 1046 543 8534
Occupied by elderly or disabled
individuals
4027 51 485 856 2636
A historic structure 59 0 59 0 0
Located in a community development or
economic development area
863 96 194 0 574
Covered by a Homestead Exemption 0 0 0 0 0
Covered by a Community Land Trust 0 0 0 0 0
Covered by disaster relief 0 0 0 0 0
Other reason 848 0 0 91 756
Not reported 656 45 0 0 611
With no property benefits 46212 3281 1579 3877 37474
Not reported 4093 0 321 250 3522

Section 8 Rental Housing Certificates
and Vouchers

Property did or does have tenants
receiving Section 8 assistance
25130 1100 1419 1313 21298
Property has never had tenants
receiving Section 8 assistance
35213 2296 1561 3773 27584
Not reported 3909 77 123 143 3566

OWNER CHARACTERISTICS


Type of Owner

Individual investor(s)
36078 1792 542 2685 31059
Limited partnership 9383 143 1351 821 7068
Joint venture 710 203 0 0 507
General partnership 3251 471 142 362 2276
Life insurance company 0 0 0 0 0
Depository institution 0 0 0 0 0
Public real estate investment trust 8 0 0 0 8
Private real estate investment trust 84 0 0 0 84
Corporation - other than real estate
investment trust
12180 811 858 1138 9374
Housing cooperative organization 706 0 0 38 667
Non-profit or church-related institution 908 43 0 106 759
Pension fund 0 0 0 0 0
Fraternal organization 0 0 0 0 0
Other 944 9 209 78 647

MORTGAGE CHARACTERISTICS


Number of Mortgages

1 mortgage
56607 3219 2035 4679 46675
2 mortgages 6061 254 751 248 4808
3 or more mortgages 1584 0 316 303 965

Form of Debt of First Mortgage

Mortgage or deed of trust
64252 3473 3102 5229 52449
Contract to purchase 0 0 0 0 0
Some other loan secured by this property 0 0 0 0 0

Method of Loan Application

By computer over the Internet or
by e-mail
28 0 28 0 0
By telephone or FAX 5716 230 143 311 5032
By regular mail 4830 51 111 178 4491
By personal visit 35789 2314 1323 2489 29663
Through third party (such as real
estate agent or builder)
8956 103 579 596 7679
Some other way 1107 0 177 201 729
Not reported 6435 776 684 1454 3522
Not available 1390 0 58 0 1332

Origin of First Mortgage

Mortgage made at time property acquired
44201 2302 2593 4050 35255
Mortgage assumed at the time property
acquired
3409 96 255 102 2956
Mortgage placed later than acquisition of
property
16643 1075 254 1077 14237
Refinanced mortgage 14526 1075 195 971 12285
Same lender 4390 46 71 159 4114
Different lender 10135 1029 123 812 8171
Mortgage placed on property
owned free and clear of debt
2118 0 59 106 1952
Not available 0 0 0 0 0

Purpose of First Mortgage Placed
Later Than Acquisition of Property

Properties on which
mortgages placed later
than acquisition of property
16643 1075 254 1077 14237
Obtain lower interest rate 8543 744 121 545 7133
Increase payment period for mortgage 306 0 0 0 306
Reduce payment period for mortgage 0 0 0 0 0
Renew or extend loan that had fallen
due, without increasing outstanding
balance
1635 99 74 103 1359
Receive cash or increase outstanding
balance of loan
4183 233 0 428 3521
Other reason 748 0 59 0 689
Not reported 1229 0 0 0 1229
Other properties 47609 2397 2848 4152 38212
Not available 0 0 0 0 0

Cash Received From Refinancing
or Placing Mortgage on Property
Owned Free and Clear

Properties on which cash
received
7432 277 109 899 6148
Less than $100,000 3004 233 0 428 2343
$100,000 to $199,999 1991 44 0 106 1841
$200,000 to $299,999 526 0 49 94 383
$300,000 to $399,999 50 0 0 0 50
$400,000 to $499,999 865 0 59 114 692
$500,000 to $749,999 266 0 0 0 266
$750,000 to $999,999 312 0 0 156 156
$1,000,000 to $1,499,999 0 0 0 0 0
$1,500,000 to $1,999,999 43 0 0 0 43
$2,000,000 to $2,999,999 0 0 0 0 0
$3,000,000 to $3,999,999 201 0 0 0 201
$4,000,000 to $4,999,999 0 0 0 0 0
$5,000,000 or more 174 0 0 0 174
Not reported 0 0 0 0 0
Median 135758 59414 408258 119852 139709
Mean 447003 61092 359321 245274 495431
Properties that refinanced
and did not receive cash back
7217 733 108 178 6199
Properties that refinanced
and did not report if received
cash back
1994 66 38 0 1890
Properties that did not
refinance
47609 2397 2848 4152 38212
Not available 0 0 0 0 0

Use of Cash From Refinancing or
Placing Mortgage on Property Owned Free
and Clear

Properties on which cash
received@1
7432 277 109 899 6148
For additions, improvements or repairs
to this property
4461 233 109 714 3406
To consolidate debts 2005 0 0 91 1914
For investment in other real estate 2768 0 49 107 2612
For other types of investments 1257 44 0 367 846
For educational or medical expenses 199 0 0 0 199
To start a business 154 0 0 0 154
To settle a divorce 199 0 0 0 199
To pay taxes 237 0 0 0 237
To purchase an automobile, truck, or
other vehicle
509 0 0 0 509
To purchase consumer product other than
automobile, truck, or other vehicle
367 0 0 367 0
Other 232 0 0 0 232
Not reported 141 0 0 94 47
Properties that refinanced
and did not receive cash back
7217 733 108 178 6199
Properties that refinanced
and did not report if received
cash back
1994 66 38 0 1890
Properties that did not
refinance
47609 2397 2848 4152 38212
Not available 0 0 0 0 0

Purpose of Second Mortgage

Properties with second
mortgage
7000 254 1067 445 5233
Provide funds for the purchase of this
property
3919 159 316 0 3444
Provide funds for additions,
improvements or repairs to this
property
1792 96 107 228 1362
Provide funds for consolidation of debts 0 0 0 0 0
Provide funds for investment in other
real estate
166 0 166 0 0
Provide funds for other types of
investments
0 0 0 0 0
Provide funds for educational or
medical expenses
0 0 0 0 0
Provide funds for starting a business 0 0 0 0 0
Provide funds to settle a divorce 0 0 0 0 0
Provide funds to pay taxes 0 0 0 0 0
Provide funds to purchase automobile,
truck, or vehicle
0 0 0 0 0
Provide funds to purchase another type
of consumer product
0 0 0 0 0
Other reasons 540 0 478 0 62
Not reported 583 0 0 217 366
Other properties 57252 3219 2035 4784 47215

Purpose of Line of Credit

Properties with second
mortgage or line of credit
862 0 0 322 540
Provide funds for additions,
improvements or repairs to this
property
225 0 0 217 8
Provide funds for consolidation of debts 158 0 0 0 158
Provide funds for investment in other
real estate
168 0 0 0 168
Provide funds for other types of
investments
0 0 0 0 0
Provide funds for educational or
medical expenses
0 0 0 0 0
Provide funds for starting a business 0 0 0 0 0
Provide funds to settle a divorce 0 0 0 0 0
Provide funds to pay taxes 0 0 0 0 0
Provide funds to purchase automobile,
truck, or vehicle
0 0 0 0 0
Provide funds to purchase another type
of consumer product
0 0 0 0 0
Other reasons 0 0 0 0 0
Not reported 311 0 0 105 207
Other properties 63390 3473 3102 4907 51908

Year First Mortgage Made or
Assumed

1999 to 2001 (part)
28523 1264 820 2917 23522
1997 and 1998 14240 306 967 1709 11258
1995 and 1996 5251 108 307 91 4745
1990 to 1994 6887 713 280 242 5652
1985 to 1989 4044 374 543 0 3127
1980 to 1984 2973 330 175 206 2262
1979 or earlier 2334 378 10 64 1882

Traditional First Mortgage Loan

Less than $50,000
1441 266 0 0 1176
$50,000 to $99,999 6799 203 0 266 6330
$100,000 to $149,999 12029 596 10 1757 9666
$150,000 to $199,999 6703 936 45 993 4729
$200,000 to $249,999 5178 156 292 186 4544
$250,000 to $299,999 3468 368 323 211 2565
$300,000 to $399,999 5958 159 132 0 5668
$400,000 to $499,999 4041 0 167 483 3392
$500,000 to $749,999 7233 152 798 313 5971
$750,000 to $999,999 3073 91 373 257 2351
$1,000,000 to $1,499,999 3764 229 569 475 2491
$1,500,000 to $1,999,999 1737 264 187 64 1222
$2,000,000 or more 1386 43 38 134 1172
Not reported 1442 9 168 90 1174
Median 234420 178562 626682 175915 234398
Mean 435637 410604 754285 399250 422740

Total Mortgage Loan

Less than $50,000
1441 266 0 0 1176
$50,000 to $99,999 6289 203 0 266 5821
$100,000 to $149,999 11865 565 10 1678 9612
$150,000 to $199,999 6141 936 45 855 4304
$200,000 to $249,999 5125 156 0 186 4783
$250,000 to $299,999 3172 368 323 211 2269
$300,000 to $399,999 6535 32 166 217 6120
$400,000 to $499,999 4376 127 108 483 3659
$500,000 to $749,999 6704 57 536 313 5798
$750,000 to $999,999 3526 91 764 257 2413
$1,000,000 to $1,499,999 3923 261 617 475 2571
$1,500,000 to $1,999,999 2001 264 326 64 1346
$2,000,000 or more 1768 139 38 134 1458
Not reported 1386 9 168 90 1118
Median 245824 180255 787440 184703 242647
Mean 469887 495920 869825 414510 450813

Traditional First Mortgage Outstanding
Debt

Less than $50,000
3013 266 50 0 2697
$50,000 to $99,999 10906 203 0 1477 9226
$100,000 to $149,999 10004 908 104 546 8447
$150,000 to $199,999 7425 892 494 1349 4689
$200,000 to $249,999 4596 0 166 0 4430
$250,000 to $299,999 2903 256 10 106 2530
$300,000 to $399,999 7077 159 364 418 6136
$400,000 to $499,999 2040 141 0 206 1693
$500,000 to $749,999 6181 57 716 107 5301
$750,000 to $999,999 2841 181 404 257 1997
$1,000,000 to $1,499,999 3716 348 559 539 2269
$1,500,000 to $1,999,999 1124 53 28 0 1043
$2,000,000 or more 985 0 38 134 814
Not reported 1442 9 168 90 1174
Median 196604 168438 592245 170285 200629
Mean 383468 348483 657807 360641 372420

Total Mortgage Outstanding Debt

Less than $50,000
2406 266 50 0 2089
$50,000 to $99,999 10766 203 0 1477 9086
$100,000 to $149,999 9987 876 44 467 8600
$150,000 to $199,999 6704 892 369 1146 4297
$200,000 to $249,999 4690 0 0 64 4626
$250,000 to $299,999 3016 256 177 106 2477
$300,000 to $399,999 7561 32 292 635 6602
$400,000 to $499,999 1963 172 0 206 1585
$500,000 to $749,999 6009 57 395 107 5451
$750,000 to $999,999 3244 181 843 257 1962
$1,000,000 to $1,499,999 3742 380 559 539 2264
$1,500,000 to $1,999,999 1472 53 167 0 1252
$2,000,000 or more 1306 96 38 134 1039
Not reported 1386 9 168 90 1118
Median 208896 170213 766634 177296 210449
Mean 404511 421666 722804 367003 388289

Current Interest Rate on First Mortgage

Less than 6.0 percent
18906 9 786 1776 16334
6.0 percent 712 0 0 0 712
6.1 to 6.4 percent 56 0 0 0 56
6.5 to 6.9 percent 1644 0 220 105 1319
7.0 percent 4557 0 369 366 3822
7.1 to 7.4 percent 2601 44 127 193 2237
7.5 to 7.9 percent 5833 494 246 495 4598
8.0 percent 1796 64 34 95 1603
8.1 to 8.4 percent 2599 0 58 395 2146
8.5 to 8.9 percent 3867 49 171 0 3647
9.0 percent 1631 57 74 0 1501
9.1 to 9.4 percent 2501 0 0 0 2501
9.5 to 9.9 percent 1543 53 53 0 1437
10.0 percent 1607 156 0 0 1451
10.1 to 10.4 percent 390 0 0 0 390
10.5 to 10.9 percent 512 255 256 0 0
11.0 percent 1033 0 0 1000 33
11.1 to 12.9 percent 889 583 47 0 259
13.0 percent 266 266 0 0 0
13.1 percent or more 11311 1444 661 804 8402
Not reported 0 0 0 0 0
Median 7.8 12.9 7.6 7.7 7.7

Type of Interest Rate Buydown

Properties with interest rate
buydown
266 0 0 0 266
Constant payment 0 0 0 0 0
3-2-1 buydown 0 0 0 0 0
Other 0 0 0 0 0
Not reported 266 0 0 0 266
Properties without interest
rate buydown
27567 57 1575 2187 23748
Not reported 36420 3416 1527 3042 28435

Term of First Mortgage

Less than 5 years
499 0 0 0 499
5 years 2329 0 0 319 2010
6 to 9 years 1727 0 0 0 1727
10 years 4129 0 383 86 3661
11 to 14 years 670 0 80 0 590
15 years 6981 0 200 0 6780
16 to 19 years 478 0 0 0 478
20 years 2569 0 0 186 2383
21 to 24 years 96 96 0 0 0
25 years 1095 0 0 105 990
26 to 29 years 178 0 0 178 0
30 years 9799 3377 45 1000 5377
More than 30 years 1300 0 1006 0 294
No stated term 32403 0 1388 3356 27660
Median 16 30 41 30 16

Unexpired Term of First Mortgage

Less than 5 years
3812 266 59 319 3169
5 to 9 years 6449 112 323 86 5928
10 to 14 years 7920 330 338 186 7065
15 to 19 years 3039 374 0 0 2665
20 to 24 years 3177 865 56 178 2078
25 to 29 years 5137 1102 96 105 3834
30 or more years 2316 424 842 1000 50
No stated term or not computed 32403 0 1388 3356 27660
Median 14 24 29 34 12

Holder of First Mortgage

Commercial bank or trust company
13226 559 419 1397 10851
Savings and loan association, federal
savings bank
10953 465 8 1102 9378
Mutual savings bank 3240 112 0 447 2681
Life insurance company 3179 233 0 929 2018
Mortgage banker or mortgage company 3393 0 323 0 3070
Federally-sponsored secondary market
agency or pool
16121 1513 278 1130 13200
Conventional mortgage pool 79 0 0 0 79
Other federal agency 1757 10 1083 0 664
Real estate investment trust 3866 0 0 0 3866
Pension or retirement fund 156 96 0 0 61
Credit union 2128 0 284 48 1796
Finance company 529 156 0 0 373
State or municipal government or
housing finance agency
2390 249 657 0 1484
Individual or individual's estate 2480 81 49 177 2173
Other 754 0 0 0 754

Servicer of First Mortgage

Commercial bank or trust company
14460 559 419 1397 12085
Savings and loan association, federal
savings bank
13065 465 8 1102 11490
Mutual savings bank 3602 112 0 447 3043
Life insurance company 3100 233 0 929 1938
Mortgage banker or mortgage company 19876 1609 601 1130 16536
Federally-sponsored secondary market
agency or pool
0 0 0 0 0
Conventional mortgage pool 0 0 0 0 0
Other federal agency 1757 10 1083 0 664
Real estate investment trust 67 0 0 0 67
Pension or retirement fund 0 0 0 0 0
Credit union 2128 0 284 48 1796
Finance company 679 156 0 0 523
State or municipal government or
housing finance agency
2287 249 657 0 1381
Individual or individual's estate 2480 81 49 177 2173
Other 754 0 0 0 754

Holder's Acquisition of First Mortgage

Originated directly from borrower
36606 1782 1132 2333 31360
Purchased from present servicer 14932 571 1180 1129 12052
Purchased from someone else 12714 1120 790 1767 9037
Not reported 0 0 0 0 0

First Mortgage Loan as a Percent of
Purchase Price

Properties acquired by
purchase with first mortgage
made or assumed at time of
purchase
42621 2397 2661 3989 33574
Less than 40 percent 2158 575 45 0 1537
40 to 49 percent 1308 112 0 0 1196
50 to 59 percent 1107 0 78 0 1029
60 to 69 percent 4723 550 348 599 3226
70 to 79 percent 6079 188 454 322 5116
80 to 89 percent 6768 127 446 714 5482
90 to 94 percent 1977 10 149 133 1686
95 to 99 percent 1922 0 145 569 1208
100 percent or more 15139 836 837 1562 11904
Not reported 1441 0 160 90 1191
Median 88 69 87 97 87
Other properties 21632 1075 442 1240 18875
Not available 0 0 0 0 0

First Mortgage Loan as a Percent
of Value

Properties acquired by
purchase with first mortgage
made or assumed at time of
purchase
42621 2397 2661 3989 33574
Less than 40 percent 2505 448 187 0 1870
40 to 49 percent 946 112 59 0 775
50 to 59 percent 2595 0 78 626 1891
60 to 69 percent 11818 677 1122 1871 8148
70 to 79 percent 7880 188 125 207 7361
80 to 89 percent 3477 127 398 219 2733
90 to 94 percent 1107 10 64 38 996
95 to 99 percent 1594 0 178 467 949
100 percent or more 9460 836 289 472 7863
Not reported 1239 0 160 90 989
Median 74 69 68 67 75
Other properties 21632 1075 442 1240 18875
Not available 0 0 0 0 0

First Mortgage Risk

Subprime loan
3289 156 173 61 2900
Not subprime loan 60963 3317 2930 5168 49549
Not reported 0 0 0 0 0

Total Mortgage Loan as a Percent of
Purchase Price

Properties acquired by purchase
with first mortgage made or
assumed at time of purchase
42621 2397 2661 3989 33574
Less than 40 percent 1868 448 56 0 1364
40 to 49 percent 1003 112 0 0 891
50 to 59 percent 564 0 78 0 486
60 to 69 percent 4606 550 216 599 3240
70 to 79 percent 5663 188 454 105 4917
80 to 89 percent 4014 0 0 564 3450
90 to 94 percent 1862 10 79 133 1640
95 to 99 percent 4617 0 543 719 3355
100 percent or more 17040 1090 1075 1779 13095
Not reported 1385 0 160 90 1135
Median 96 75 98 99 95
Other properties 21632 1075 442 1240 18875
Not available 0 0 0 0 0

Total Mortgage Loan as Percent
of Value

Properties acquired by
purchase with first mortgage
made or assumed at time of
purchase
42621 2397 2661 3989 33574
Less than 40 percent 6051 716 56 0 5279
40 to 49 percent 2858 288 401 514 1655
50 to 59 percent 5184 455 87 107 4536
60 to 69 percent 5444 94 375 286 4689
70 to 79 percent 5325 340 215 712 4059
80 to 89 percent 3911 161 91 48 3610
90 to 94 percent 2630 0 0 1037 1593
95 to 99 percent 3010 0 28 633 2348
100 percent or more 7025 344 1248 563 4871
Not reported 1183 0 160 90 933
Median 72 54 100 91 70
Other properties 21632 1075 442 1240 18875
Not available 0 0 0 0 0

Total Outstanding Debt as a Percent
of Value

Less than 20 percent
6383 333 227 78 5745
20 to 29 percent 3957 201 103 173 3479
30 to 39 percent 4886 241 527 95 4022
40 to 49 percent 9243 997 191 959 7095
50 to 59 percent 8591 593 228 153 7618
60 to 69 percent 6974 59 150 894 5870
70 to 79 percent 7446 355 130 582 6380
80 to 89 percent 3936 76 38 278 3544
90 to 99 percent 7115 0 683 1926 4506
100 percent or more 4070 344 655 0 3071
Not reported or not computed 1651 275 168 90 1118
Median 58 48 73 74 57

Index Used to Adjust Interest Rate
on ARM

Properties with adjustable
rate first mortgage
15085 927 470 913 12775
Treasury security 5512 0 0 409 5103
Average cost of funds in bank district 0 0 0 0 0
National average cost of funds 440 0 0 0 440
OTS contract mortgage rate 0 0 0 0 0
Other method 3741 0 0 86 3655
No index used 161 0 0 0 161
Not reported 5231 927 470 418 3416
Other properties 49167 2546 2632 4316 39674
Not reported 0 0 0 0 0

Frequency With Which Rate Can Be
Adjusted

Properties with adjustable
rate first mortgage
15085 927 470 913 12775
Monthly 310 0 0 0 310
Every 3 months 0 0 0 0 0
Every 6 months 0 0 0 0 0
Yearly 1718 0 0 0 1718
Every 3 years 1292 0 0 0 1292
Every 5 years 2911 0 0 86 2826
Other 4093 0 0 409 3684
Not reported 4761 927 470 418 2945
Other properties 49167 2546 2632 4316 39674
Not reported 0 0 0 0 0

Caps on Interest Rate Per Adjustment
Period

Properties with adjustable
rate first mortgage
15085 927 470 913 12775
Less than 1 percent 0 0 0 0 0
1 percent 0 0 0 0 0
1.1 to 1.9 percent 0 0 0 0 0
2 percent 3130 0 0 0 3130
2.1 to 2.9 percent 0 0 0 0 0
3 percent 229 0 0 0 229
3.1 to 3.9 percent 0 0 0 0 0
4.0 percent or more 311 0 0 0 311
No caps 6649 0 0 495 6154
Not reported 4767 927 470 418 2951
Other properties 49167 2546 2632 4316 39674
Not reported 0 0 0 0 0

Caps on Interest Rate Over Life of ARM

Properties with adjustable
rate first mortgage
15085 927 470 913 12775
Less than 1 percent 0 0 0 0 0
1 percent 0 0 0 0 0
1.1 to 1.9 percent 0 0 0 0 0
2 percent 0 0 0 0 0
2.1 to 2.9 percent 0 0 0 0 0
3 percent 0 0 0 0 0
3.1 to 3.9 percent 0 0 0 0 0
4.0 percent or more 2822 0 0 0 2822
No caps 6205 0 0 495 5710
Not reported 6058 927 470 418 4243
Other properties 49167 2546 2632 4316 39674
Not reported 0 0 0 0 0

Interest Rate Changed Since
Mortgage Made

Properties with adjustable
rate first mortgage
15085 927 470 913 12775
Yes, rate has changed 3762 0 0 0 3762
No change since mortgage made 6644 0 0 495 6149
Not reported 4680 927 470 418 2864
Other properties 49167 2546 2632 4316 39674
Not reported 0 0 0 0 0

Change in Monthly Interest and Principal
Payments Other Than Change in Interest
Rate

Monthly payments can change
(other than change in interest
ra
135 0 0 0 135
Payments can change monthly 87 0 0 0 87
Payments can change every three months 0 0 0 0 0
Payments can change every six months 0 0 0 0 0
Payments can change yearly 48 0 0 0 48
Payments can change every 3 years 0 0 0 0 0
Payments can change every 5 years 0 0 0 0 0
Other 0 0 0 0 0
Not reported 0 0 0 0 0
Monthly payments cannot
change
58816 2546 2632 4811 48827
Not reported 5301 927 470 418 3486

First Mortgage Allows for Negative
Amortization

Monthly payments can change
(other than change in interest
rate)
135 0 0 0 135
Yes, unrestricted negative amortization 0 0 0 0 0
Yes, restricted negative amortization 0 0 0 0 0
No negative amortization allowed 135 0 0 0 135
Not reported 0 0 0 0 0
Monthly payments cannot change 58816 2546 2632 4811 48827
Not reported 5301 927 470 418 3486

MORTGAGE PAYMENTS AND OTHER EXPENSES


Method of Payment of First Mortgage

Regular payments of interest
and/or principal
62317 3207 2934 5222 50954
Interest and principal 62241 3207 2934 5222 50878
Fully amortized 47019 2487 2059 4114 38359
Not fully amortized 15222 720 875 1107 12519
Interest only 76 0 0 0 76
No regular payments required 209 0 0 0 209
Not reported 1726 266 168 7 1286

Items Included in First Mortgage
Payment@1

Regular monthly payments of
both interest and principal
62241 3207 2934 5222 50878
Real estate taxes 15169 152 45 1011 13961
Property insurance 5412 152 449 283 4529
Mortgage insurance 687 57 45 0 585
Other 3321 152 0 178 2991
No items included or not reported 46224 3055 2485 4211 36473
No regular payments of interest
and principal
2011 266 168 7 1571

Monthly Interest and Principal
Payments on First Mortgage Per
Housing Unit

Regular monthly payments of
interest and/or principal
64043 3473 3102 5229 52239
Less than $100 7924 32 643 567 6682
$100 to $199 19797 450 469 1685 17192
$200 to $299 11765 1349 502 1311 8602
$300 to $399 7120 388 749 305 5678
$400 to $499 4465 55 124 605 3681
$500 to $599 3337 300 48 177 2812
$600 to $699 1390 86 0 64 1239
$700 to $799 1149 0 0 72 1077
$800 to $899 864 32 0 0 832
$900 to $999 419 0 0 0 419
$1,000 to $1,249 138 0 0 0 138
$1,250 to $1,499 1015 0 398 0 617
$1,500 or more 2934 514 0 435 1984
Not reported 1726 266 168 7 1286
Median 229 283 271 227 219
Mean 541 1408 398 775 471
No regular payments required 209 0 0 0 209

Current First Mortgage Payment Status

Regular monthly payments of
principal and/or interest
64043 3473 3102 5229 52239
Up-to-date, ahead of schedule, or
less than 90 days past due
29569 152 1714 2282 25420
Delinquent by 90 days or more 44 0 0 0 44
Legal proceedings have begun 0 0 0 0 0
Legal proceedings have not begun 44 0 0 0 44
Not reported 0 0 0 0 0
Not reported 34431 3321 1388 2947 26776
Other properties 209 0 0 0 209

Monthly Interest and Principal Payments
on Total Mortgages Per Housing Unit

Regular monthly payments of
interest and/or principal
64043 3473 3102 5229 52239
Less than $100 9166 266 620 574 7706
$100 to $199 18667 482 469 1685 16030
$200 to $299 12115 1254 693 1311 8857
$300 to $399 8011 388 749 305 6569
$400 to $499 4304 55 124 605 3520
$500 to $599 3518 300 48 91 3079
$600 to $699 1397 86 0 64 1247
$700 to $799 1234 0 0 158 1077
$800 to $899 819 32 0 0 787
$900 to $999 419 0 0 0 419
$1,000 to $1,249 279 96 0 0 183
$1,250 to $1,499 781 0 0 0 781
$1,500 or more 3332 514 398 435 1984
Not reported 0 0 0 0 0
Median 235 279 267 227 227
Mean 541 1332 431 777 471
No regular payments required 209 0 0 0 209

Interest and Principal Payment on
First Mortgage as Percent of Rental
Receipts

Acquired before 2000 and
regular payments of interest
and/or princi
47616 2519 2391 3510 39197
Less than 20 percent 3904 302 629 86 2888
20 to 29 percent 6576 112 179 919 5365
30 to 39 percent 7152 88 265 674 6125
40 to 49 percent 9110 572 230 240 8068
50 to 59 percent 4737 789 165 580 3203
60 to 69 percent 2998 0 95 410 2493
70 to 79 percent 1342 0 101 0 1240
80 to 89 percent 2317 341 235 164 1577
90 to 99 percent 1117 0 0 95 1022
100 percent or more 8363 314 491 342 7216
Not reported or not computed 0 0 0 0 0
Median 47 52 45 43 46
Other properties 16637 954 712 1719 13251

Interest and Principal Payment on Total
Mortgages as Percent of Rental Receipts

Acquired before 2000 and regular
payments of interest and/or
principal
47833 2519 2391 3510 39414
Less than 20 percent 3778 175 510 86 3007
20 to 29 percent 5906 112 106 919 4768
30 to 39 percent 7242 88 325 674 6156
40 to 49 percent 9183 604 230 240 8110
50 to 59 percent 4920 789 165 516 3451
60 to 69 percent 3049 0 95 474 2480
70 to 79 percent 1642 0 233 0 1409
80 to 89 percent 2327 437 235 78 1577
90 to 99 percent 1117 0 0 95 1022
100 percent or more 8669 314 491 428 7436
Not reported or not computed 0 0 0 0 0
Median 48 54 51 43 47
Other properties 16420 954 712 1719 13034

Real Estate Tax Per Housing Unit

Acquired before 2000
49107 2784 2559 3517 40248
Less than $100 2866 148 153 335 2230
$100 to $199 2556 247 202 98 2008
$200 to $299 1706 32 159 0 1516
$300 to $399 3880 0 166 266 3448
$400 to $499 3806 488 118 547 2653
$500 to $599 3817 190 0 52 3576
$600 to $699 4421 352 328 217 3524
$700 to $799 4510 156 150 0 4204
$800 to $899 2222 0 164 0 2058
$900 to $999 3971 102 387 409 3073
$1,000 to $1,249 4929 631 226 548 3524
$1,250 to $1,499 1581 10 58 0 1513
$1,500 to $1,999 4375 175 244 385 3571
$2,000 to $2,499 1304 0 38 0 1266
$2,500 or more 2612 255 0 661 1697
Not reported 552 0 168 0 384
Median 727 682 747 960 723
Mean 968 1153 772 1271 940
Acquired 2000 and 2001 (part) 15146 689 544 1712 12201

Real Estate Tax Per $1,000 Value

Acquired before 2000
49107 2784 2559 3517 40248
Less than $5 6320 238 236 356 5491
$5 to $9 3784 632 168 84 2900
$10 to $14 9132 242 522 453 7916
$15 to $19 5312 458 320 409 4124
$20 to $24 5910 450 301 0 5159
$25 to $29 5646 390 161 61 5033
$30 to $39 12425 375 683 2153 9214
$40 to $49 0 0 0 0 0
$50 to $59 0 0 0 0 0
$60 or more 26 0 0 0 26
Not reported or not computed 552 0 168 0 384
Median 20 18 19 32 19
Acquired 2000 and 2001 (part) 15146 689 544 1712 12201

Real Estate Tax as Percent of Rental
Receipts

Acquired before 2000
49107 2784 2559 3517 40248
Less than 5 percent 4693 270 355 640 3427
5 to 9 percent 12715 463 514 1018 10721
10 to 14 percent 9640 793 440 549 7858
15 to 19 percent 10289 199 369 451 9268
20 to 24 percent 4089 390 257 763 2678
25 to 29 percent 2562 359 455 0 1748
30 to 34 percent 1399 45 0 95 1259
35 to 39 percent 501 266 0 0 236
40 percent or more 2668 0 0 0 2668
Not reported or not computed 552 0 168 0 384
Median 14 14 14 11 14
Acquired 2000 and 2001 (part) 15146 689 544 1712 12201

Property Management

Property managed by paid property
management company
24177 1624 2403 1381 18770
Property not managed by paid property
management company
38010 1804 699 3757 31750
Not reported 2065 45 0 92 1928

Property Management and Administration
Expenses Per Housing Unit

Acquired before 2000
49107 2784 2559 3517 40248
Less than $100 1899 0 78 275 1546
$100 to $199 1513 42 0 235 1236
$200 to $299 1474 0 74 0 1400
$300 to $399 3411 0 168 470 2772
$400 to $499 3341 122 249 52 2919
$500 to $599 2111 0 38 90 1983
$600 to $699 1022 175 304 0 544
$700 to $799 1393 32 196 173 992
$800 to $899 1102 0 89 0 1013
$900 to $999 399 0 209 0 191
$1,000 to $1,249 1894 96 153 0 1645
$1,250 to $1,499 529 43 185 0 302
$1,500 to $1,999 1189 255 69 0 865
$2,000 to $2,499 96 0 0 0 96
$2,500 or more 1074 0 0 456 618
No expenses 18826 1414 581 1557 15274
Not reported or not computed 7835 607 167 208 6854
Median 488 1030 698 378 472
Acquired 2000 and 2001 (part) 15146 689 544 1712 12201

Maintenance and Repair Expenses
Per Housing Unit

Acquired before 2000
49107 2784 2559 3517 40248
Less than $100 1152 45 0 0 1107
$100 to $199 4024 0 0 623 3401
$200 to $299 2969 390 404 312 1863
$300 to $399 2005 0 205 42 1757
$400 to $499 2195 256 45 78 1815
$500 to $599 2880 255 93 107 2425
$600 to $699 2201 355 204 188 1454
$700 to $799 3344 394 455 525 1970
$800 to $899 3447 0 0 0 3447
$900 to $999 1435 43 0 0 1392
$1,000 to $1,249 4040 309 470 727 2534
$1,250 to $1,499 4231 385 103 265 3479
$1,500 to $1,999 1883 42 49 61 1730
$2,000 to $2,499 2015 0 166 48 1800
$2,500 or more 3097 255 77 384 2381
No expenses 1155 0 59 0 1096
Not reported or not computed 7035 55 227 156 6597
Median 791 716 740 763 814
Acquired 2000 and 2001 (part) 15146 689 544 1712 12201

Utility and Fuel Expenses Per Housing Unit

Acquired before 2000
49107 2784 2559 3517 40248
Less than $250 3913 122 112 850 2829
$250 to $499 6460 290 647 953 4570
$500 to $749 7164 675 386 0 6103
$750 to $999 6747 484 536 297 5430
$1,000 to $1,249 5371 354 376 227 4414
$1,250 to $1,499 2617 0 10 52 2555
$1,500 to $1,749 2311 297 0 310 1704
$1,750 to $1,999 1057 156 0 48 854
$2,000 to $2,499 1819 350 0 0 1469
$2,500 or more 1658 0 0 624 1034
No expenses 3399 0 323 0 3076
Not reported or not computed 6590 55 168 156 6211
Median 825 893 678 468 841
Acquired 2000 and 2001 (part) 15146 689 544 1712 12201

Source: U.S. Census Bureau | Residential Finance Survey |  Last Revised: 2012-08-02T15:15:13.203-04:00