U.S. Department of Commerce

Residential Finance Survey

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Residential Finance Survey: 2001 - United States
Table 6-5. First Mortgage Loan, Rental and Vacant 5- to 49-Housing-Unit Mortgaged Properties
^Number of mortgaged properties.
Mortgage made between 1997 and 2001 (part).
For information on confidentiality protection, sampling error, nonsampling error, and definitions, see text.
For minimum base for derived figures (percent, median, etc.) and meaning of symbols, see text.
Monthly Rental Receipts Per Housing Unit and Interest and Principal Payments on Total Mortgages as Percent of Rental Receipts acquired before 2000 excludes properties with less than half of units in rental market during all of year preceding survey and cooperatively owned properties^^

Amount of first mortgage loan
Total Less
than
$50,000
$50,000
to
$99,999
$100,000
to
$149,999
$150,000
to
$199,999
$200,000
to
$299,999
$300,000
to
$399,999
$400,000
to
$499,999
$500,000
to
$749,999
$750,000
to
$999,999
$1,000,000
to
$1,499,999
$1,500,000
or
more
Not
reported
Median
(dollars)

5- to 49-housing-unit properties
with a traditional first mortgage
290542 11355 25217 36407 32139 43014 26663 24188 37536 16739 17108 11281 8896 283010

PROPERTY CHARACTERISTICS


Year Structure Built

1999 to March 2000
13398 1206 504 1571 459 1257 1133 905 2435 779 574 529 2045 360029
1997 and 1998 7942 0 232 187 918 282 701 2161 656 419 1587 542 259 470465
1995 and 1996 6120 0 514 0 986 806 341 302 1527 381 515 387 361 476958
1990 to 1994 16105 600 902 1841 1943 1904 931 1175 2686 1093 1755 973 302 376375
1980 to 1989 38939 1668 2071 2270 1495 6220 3163 2233 7320 3436 4695 2668 1701 477623
1970 to 1979 47794 1789 4443 5247 6022 6555 4401 3938 5875 4345 2566 1473 1141 288864
1960 to 1969 47222 1578 3702 3664 5611 8888 3904 5433 6725 2217 2435 1964 1102 295687
1950 to 1959 25482 295 1747 5225 3327 5408 2206 1815 3804 346 734 524 50 239216
1940 to 1949 17783 991 1922 4851 2621 1887 1214 1097 803 1346 413 272 369 168008
1939 or earlier 69757 3227 9181 11552 8756 9807 8669 5130 5705 2379 1835 1949 1567 214061

Purchase Price Per Housing Unit@8

Properties acquired by
purchase 1997 to 2001 (part)
106468 2659 7234 14879 12476 16813 12335 9503 11737 5522 5796 3304 4211 282559
Less than $20,000 23048 1788 6222 4220 3531 2032 1494 810 684 285 1321 38 623 137947
$20,000 to $39,999 38050 699 683 9487 6174 6261 4835 2537 3187 2033 988 535 631 226621
$40,000 to $59,999 21920 0 143 931 2772 6597 3900 2501 1396 1352 1442 843 43 312688
$60,000 to $79,999 8203 0 186 241 0 1923 914 1431 1474 536 807 537 155 453090
$80,000 to $99,999 5772 0 0 0 0 0 989 1625 2022 238 321 578 0 533596
$100,000 to $124,999 3416 172 0 0 0 0 0 600 1911 179 458 95 0 622395
$125,000 to $149,999 1637 0 0 0 0 0 0 0 398 561 174 92 411 845573
$150,000 to $174,999 647 0 0 0 0 0 0 0 337 166 103 0 41 724766
$175,000 to $199,999 591 0 0 0 0 0 0 0 327 0 0 264 0 725708
$200,000 to $249,999 692 0 0 0 0 0 0 0 0 174 0 194 324 51972849
$250,000 to $299,999 447 0 0 0 0 0 0 0 0 0 0 130 317 500750000
$300,000 to $499,999 297 0 0 0 0 0 0 0 0 0 182 0 115 1250000
$500,000 or more 1377 0 0 0 0 0 0 0 0 0 0 0 1377 0
Median 35769 14872 11627 26788 28770 40344 38912 51239 68150 46559 48169 68831 217480 ...
Mean 52638 21222 17591 24788 28715 39140 41674 54452 69788 64243 59580 90101 291176 600539
Other properties 184074 8696 17983 21528 19662 26201 14328 14685 25800 11217 11312 7977 4686 283299

Purchase Price as Percent of Value@8

Acquired by purchase
263339 10602 21980 33660 29284 39222 24115 21978 34058 14972 15852 9854 7762 282257
Purchased 1997 to 2001 (part) 106468 2659 7234 14879 12476 16813 12335 9503 11737 5522 5796 3304 4211 282559
Less than 60 percent 15469 311 772 1175 2597 2404 2108 1657 999 866 710 358 1513 288336
60 to 69 percent 8358 91 270 1522 259 2012 1129 864 1032 556 235 232 157 297342
70 to 79 percent 13121 0 349 975 1179 1834 1878 1823 2333 349 1570 414 416 407521
80 to 99 percent 35346 1558 2494 9137 3965 6338 3566 1960 2320 1379 1430 986 213 206503
100 percent or more 33801 699 3348 2071 4476 4225 3453 3200 5052 2372 1851 1314 1740 335097
Median 89 92 98 88 91 87 85 84 93 94 85 93 78 ...
Purchased 1990 to 1996 (part) 66519 2997 5984 8513 6843 9687 4326 4428 10714 3794 4149 2526 2558 278906
Less than 40 percent 7708 829 591 393 1010 100 480 349 2384 941 189 116 325 482338
40 to 59 percent 9612 0 865 556 1523 2584 645 280 1015 333 710 351 750 257543
60 to 79 percent 20021 1013 2643 4330 1035 2932 1123 1622 2358 1151 628 735 452 226028
80 to 99 percent 13949 790 771 1221 1966 2211 1540 809 2198 575 789 416 663 285723
100 percent or more 15161 365 1114 2012 1309 1860 539 1368 2758 726 1833 908 369 414414
Median 76 73 72 75 77 75 78 80 77 70 94 83 69 ...
Purchased 1989 or earlier 90351 4946 8763 10268 9964 12722 7454 8047 11608 5657 5907 4024 993 284408
Less than 20 percent 12291 1833 1635 472 1105 1869 2083 1145 1096 150 544 360 0 258882
20 to 39 percent 13944 288 1878 2573 2125 1738 864 1086 1318 792 496 707 80 203935
40 to 59 percent 18886 1124 2543 3186 3412 3648 1085 901 1024 902 605 414 42 187639
60 to 79 percent 14120 340 1869 1840 803 1673 1374 1903 1665 939 949 757 9 338597
80 to 99 percent 9190 0 211 1290 1488 1254 460 916 1519 784 404 440 424 330618
100 percent or more 21568 1362 626 907 1031 2540 1588 2096 4666 2089 2910 1315 438 522257
Median 60 46 47 53 50 55 54 69 87 81 98 74 97 ...
Not acquired by purchase 27204 753 3236 2747 2855 3792 2548 2210 3478 1766 1256 1428 1134 290801

Monthly Rental Receipts Per Housing Unit

Acquired before 2000
240274 9135 20799 30380 27112 33611 20933 20940 31941 13971 15237 9701 6514 287632
Less than $100 16893 3671 6022 1812 868 974 643 663 688 293 168 38 1053 85277
$100 to $199 22180 2361 3049 3603 4673 2916 1248 1013 1633 499 547 179 460 169773
$200 to $299 32995 810 3715 6128 5278 5153 2947 925 3224 1584 2320 212 700 204203
$300 to $399 34589 242 3407 6433 5102 5869 2903 2629 3608 1861 1975 358 201 234236
$400 to $499 35290 437 2090 7527 4496 4689 2798 4215 4370 2073 1401 860 334 262446
$500 to $599 27852 1032 518 2721 2458 5110 2955 4042 3439 2335 1650 696 896 355468
$600 to $799 20108 288 466 567 1994 1398 3484 1977 5106 1708 1823 805 491 481454
$800 to $999 23617 0 817 660 1541 4688 2250 2693 3817 2275 2063 2602 211 464850
$1000 or more 26014 295 715 641 579 2814 1705 2782 5730 1343 3291 3950 2168 604350
No rental receipts 738 0 0 287 124 0 0 0 327 0 0 0 0 182984
Median 437 138 236 354 352 440 497 525 566 529 573 931 557 ...
Mean 1340 246 2749 388 710 548 573 5379 1014 837 1310 1782 1105 447478
Acquired 2000 and 2001 (part) 50268 2220 4418 6027 5026 9402 5730 3248 5595 2768 1870 1580 2383 266488

Age Restrictions

Property restricted to people
age 55 or older
63507 2153 6026 9659 7819 10954 6332 4012 7773 2818 3223 2385 353 254043
Property not restricted to people
age 55 or older
213381 7377 16118 25798 23483 31255 19552 19502 28563 12959 12647 8580 7545 296436
Not reported 13655 1824 3072 950 837 804 778 674 1200 962 1238 316 998 178765

Age Composition

Over one-half the residents of the
building age 55 or older
13914 923 1880 1880 1107 1744 329 2261 899 606 1463 718 105 263928
Over one-half the residents of the
building not age 55 or older
195900 7399 15469 22331 22336 27824 19044 17277 27211 12093 10790 7533 6592 297463
Not reported 80728 3033 7868 12196 8696 13446 7290 4650 9426 4040 4854 3030 2199 255576

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

Property provides meal service
36846 1319 4451 5653 5152 6331 3088 1725 5508 873 1285 1380 80 228565
Charge included in rent 28116 533 3739 4464 4368 4846 2162 1369 4094 389 1065 1007 80 218876
Charge not included in rent 111 0 0 0 0 0 32 0 0 0 0 79 0 299305445
Not reported 8619 786 712 1189 785 1485 894 356 1414 484 220 294 0 256456
Property does not provide meal
service
21879 323 576 2838 1737 3725 940 2599 1936 2025 2881 1186 1115 409386
Not reported 231817 9714 20190 27917 25250 32958 22635 19864 30092 13840 12941 8715 7701 287955

OWNER CHARACTERISTICS


Type of Owner

Individual investor(s)
171160 8842 15013 27748 23211 30206 17692 12353 17004 6211 5307 2863 4709 227847
Limited partnership 46741 881 4354 3216 1998 3343 2464 5408 8366 5851 6093 3317 1452 529331
Joint venture 3403 0 452 0 36 456 484 173 1214 70 391 77 50 515544
General partnership 16178 760 105 1225 1608 2015 1545 1464 3460 979 1742 928 346 444933
Life insurance company 257 0 0 0 0 0 0 144 113 0 0 0 0 489274
Depository institution 248 0 0 0 0 0 43 0 40 0 0 0 165 396342
Public real estate investment trust 565 0 0 0 112 380 0 0 0 0 34 39 0 244768
Private real estate investment trust 204 0 0 0 0 0 0 0 137 0 0 67 0 685732
Corporation - other than real estate
investment trust
34637 722 3060 3312 3154 5016 3090 3806 4733 2414 1997 2350 983 350575
Housing cooperative organization 1259 0 316 39 0 164 84 41 183 117 16 220 79 384555
Non-profit or church-related institution 6571 61 402 155 1458 536 318 271 799 853 813 695 211 492499
Pension fund 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Fraternal organization 8 0 0 0 0 0 0 0 0 0 8 0 0 1250000
Other 9312 89 1516 712 561 897 944 527 1489 244 706 725 902 345611

MORTGAGE CHARACTERISTICS


Number of Mortgages

1 mortgage
256278 10501 18150 32939 29398 35693 23646 21530 34164 15048 15884 10613 8711 291880
2 mortgages 29490 854 6267 2408 2171 6967 2587 2402 3105 1126 1049 410 143 242665
3 or more mortgages 4775 0 800 1059 569 353 430 256 267 565 174 259 42 194597

Form of Debt of First Mortgage

Mortgage or deed of trust
290542 11355 25217 36407 32139 43014 26663 24188 37536 16739 17108 11281 8896 283010
Contract to purchase 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Some other loan secured by this property 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Method of Loan Application

By computer over the Internet or
by e-mail
294 0 0 0 0 0 176 0 90 0 0 28 0 383681
By telephone or FAX 27184 625 1399 3917 4164 4330 3459 901 3855 1503 1482 1461 87 279525
By regular mail 22619 214 415 2043 900 2711 2101 3564 2742 2686 2415 1570 1258 464403
By personal visit 157357 7583 18050 20090 18335 26086 15913 12449 17529 7056 6099 4196 3974 248437
Through third party (such as real
estate agent or builder)
42309 1199 2693 4928 4386 5111 3131 2983 8295 3171 3509 2512 391 384402
Some other way 6552 272 893 63 757 653 119 721 1052 308 870 667 175 459653
Not reported 27531 1291 1378 3937 2344 3814 1427 3169 3329 1279 2242 558 2762 290014
Not available 6695 170 389 1429 1252 309 337 402 643 734 491 289 249 199322

Origin of First Mortgage

Mortgage made at time property acquired
210106 8867 17806 26564 22714 33002 19306 16720 26077 11460 11965 7479 8146 275839
Mortgage assumed at the time property
acquired
16832 1099 1052 2325 2565 2501 1290 801 1634 1364 1176 520 506 244879
Mortgage placed later than acquisition of
property
63604 1389 6359 7517 6860 7511 6067 6667 9826 3915 3967 3282 244 333694
Refinanced mortgage 58258 1389 4581 7345 6545 6831 5489 5925 9084 3836 3797 3190 244 342171
Same lender 17206 534 1454 3192 1541 762 1553 1624 3079 1432 900 1087 50 370524
Different lender 41051 855 3127 4153 5004 6069 3937 4301 6005 2404 2898 2104 195 330990
Mortgage placed on property
owned free and clear of debt
5347 0 1778 172 315 680 578 742 742 79 170 92 0 260173
Not available 0 0 0 0 0 0 0 0 0 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
63604 1389 6359 7517 6860 7511 6067 6667 9826 3915 3967 3282 244 333694
Obtain lower interest rate 29099 638 3785 2865 3377 3759 1761 3189 3927 1811 1930 1877 179 302026
Increase payment period for mortgage 489 0 0 0 0 0 306 47 2 26 0 108 0 379937
Reduce payment period for mortgage 1118 0 0 939 0 32 52 0 28 68 0 0 0 129779
Renew or extend loan that had fallen
due, without increasing outstanding
balance
5231 0 431 233 387 265 1236 297 1788 286 170 139 0 421648
Receive cash or increase outstanding
balance of loan
17531 751 649 1597 2318 2453 1887 1939 3386 1163 643 679 65 351140
Other reason 4761 0 1142 451 490 769 778 326 221 227 170 185 0 238573
Not reported 5376 0 352 1433 288 233 47 868 474 334 1054 294 0 438648
Other properties 226938 9966 18858 28889 25279 35503 20596 17521 27711 12824 13140 7999 8652 273658
Not available 0 0 0 0 0 0 0 0 0 0 0 0 0 0

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

Properties on which cash
received
29998 751 2120 4140 3692 3718 3551 2916 4249 1923 1594 1344 0 316281
Less than $100,000 12659 168 1419 3030 2907 1617 1786 498 674 384 99 76 0 179454
$100,000 to $199,999 6523 295 48 1104 590 661 586 1031 1664 254 289 0 0 396023
$200,000 to $299,999 3028 0 0 0 0 937 189 353 906 386 188 69 0 509715
$300,000 to $399,999 2333 288 227 0 0 503 989 0 133 0 128 64 0 314996
$400,000 to $499,999 2498 0 426 0 0 0 0 844 441 360 114 312 0 497448
$500,000 to $749,999 1096 0 0 0 0 0 0 0 432 118 358 188 0 995928
$750,000 to $999,999 556 0 0 0 0 0 0 44 0 246 202 64 0 987925
$1,000,000 to $1,499,999 353 0 0 0 0 0 0 0 0 0 214 139 0 1412144
$1,500,000 to $1,999,999 102 0 0 0 0 0 0 0 0 0 0 102 0 500750000
$2,000,000 to $2,999,999 150 0 0 0 0 0 0 0 0 0 0 150 0 500750000
$3,000,000 to $3,999,999 201 0 0 6 195 0 0 0 0 0 0 0 0 174278
$4,000,000 to $4,999,999 0 0 0 0 0 0 0 0 0 0 0 0 0 0
$5,000,000 or more 500 0 0 0 0 0 0 147 0 174 0 179 0 897850
Not reported 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Median 135879 170244 74716 68311 63505 136628 99386 193163 187173 283757 479934 700494 0 ...
Mean 345785 186317 164752 52846 211667 139793 142120 816685 215952 978158 491206 1410628 0 871384
Properties that refinanced
and did not receive cash back
26642 638 3775 2979 2900 3043 1980 3231 4265 1181 1099 1520 31 299058
Properties that refinanced
and did not report if received
cash back
6964 0 464 398 268 750 536 519 1311 811 1274 419 213 583708
Properties that did not
refinance
226938 9966 18858 28889 25279 35503 20596 17521 27711 12824 13140 7999 8652 273658
Not available 0 0 0 0 0 0 0 0 0 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
29998 751 2120 4140 3692 3718 3551 2916 4249 1923 1594 1344 0 316281
For additions, improvements or repairs
to this property
13677 456 808 2074 2018 1686 1085 1481 1628 931 874 635 0 287913
To consolidate debts 7393 456 723 1585 729 325 1456 488 888 254 170 319 0 262545
For investment in other real estate 11509 295 211 2260 1906 1696 660 1449 1273 805 559 395 0 263845
For other types of investments 3515 0 275 457 367 971 101 404 238 273 265 165 0 267806
For educational or medical expenses 2105 168 0 1510 0 0 0 228 199 0 0 0 0 129278
To start a business 254 0 0 0 0 0 0 0 223 0 31 0 0 642374
To settle a divorce 992 0 0 0 0 0 0 0 992 0 0 0 0 625000
To pay taxes 1315 0 0 988 0 34 0 0 199 5 38 51 0 133275
To purchase an automobile, truck, or
other vehicle
628 0 509 0 0 0 0 118 0 0 0 0 0 80795
To purchase consumer product other than
automobile, truck, or other vehicle
1078 0 0 451 558 0 0 0 69 0 0 0 0 157859
Other 2652 0 426 0 116 427 698 444 159 120 86 176 0 351146
Not reported 459 0 0 0 0 0 95 0 76 122 47 119 0 870016
Properties that refinanced
and did not receive cash back
26642 638 3775 2979 2900 3043 1980 3231 4265 1181 1099 1520 31 299058
Properties that refinanced
and did not report if received
cash back
6964 0 464 398 268 750 536 519 1311 811 1274 419 213 583708
Properties that did not
refinance
226938 9966 18858 28889 25279 35503 20596 17521 27711 12824 13140 7999 8652 273658
Not available 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Current Interest Rate on First Mortgage

Less than 6.0 percent
108685 6026 10455 10898 13660 16610 9569 8492 11991 6216 4820 5095 4851 265487
6.0 percent 1991 0 0 426 0 769 290 247 142 0 37 80 0 273996
6.1 to 6.4 percent 4614 0 56 155 276 896 0 1092 1117 480 353 190 0 484650
6.5 to 6.9 percent 12815 854 1218 776 1068 1312 1013 1626 2330 1059 883 674 0 410120
7.0 percent 19223 0 1875 3258 1628 2841 2802 1234 1922 955 1683 603 422 292892
7.1 to 7.4 percent 12257 61 807 1183 166 1452 2012 819 2102 1329 1606 720 0 454705
7.5 to 7.9 percent 19584 0 290 5310 2206 2541 1336 2072 1871 1397 1532 1027 0 278134
8.0 percent 8788 227 1058 2059 151 1011 975 660 1503 774 371 0 0 288996
8.1 to 8.4 percent 9388 199 242 492 2232 1584 1155 1091 906 266 758 463 0 296512
8.5 to 8.9 percent 18100 842 1500 1921 2280 4986 1297 651 3032 705 808 78 0 250267
9.0 percent 6530 758 734 791 1355 119 341 645 1006 264 406 111 0 186245
9.1 to 9.4 percent 5058 295 2548 0 832 207 453 0 314 112 178 120 0 93839
9.5 to 9.9 percent 5779 0 547 706 1229 854 531 389 854 137 377 156 0 247775
10.0 percent 3262 0 438 723 375 286 415 260 498 98 134 36 0 233279
10.1 to 10.4 percent 1563 0 0 0 140 590 567 0 132 52 83 0 0 309177
10.5 to 10.9 percent 2301 242 264 0 399 0 256 193 448 163 288 47 0 395798
11.0 percent 3036 111 0 1419 0 78 125 332 240 166 271 53 241 145355
11.1 to 12.9 percent 3789 184 342 641 0 423 252 261 330 456 477 423 0 419990
13.0 percent 1202 266 0 185 0 158 0 0 273 0 248 30 42 281782
13.1 percent or more 42577 1289 2842 5464 4142 6298 3275 4123 6525 2109 1794 1376 3341 293401
Not reported 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Median 7.1 5.7 7.0 7.6 7.1 7.1 7.1 7.1 7.3 7.1 7.3 6.7 5.5 ...

Type of Interest Rate Buydown

Properties with interest rate
buydown
578 0 0 266 0 0 0 55 43 167 0 47 0 442393
Constant payment 98 0 0 0 0 0 0 55 43 0 0 0 0 488764
3-2-1 buydown 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other 167 0 0 0 0 0 0 0 0 167 0 0 0 875000
Not reported 312 0 0 266 0 0 0 0 0 0 0 47 0 129410
Properties without interest
rate buydown
117177 3878 11183 16944 12545 16459 11615 8166 16574 7314 8939 3561 0 285293
Not reported 172787 7477 14033 19198 19593 26555 15048 15967 20919 9257 8169 7674 8896 281507

Term of First Mortgage

Less than 5 years
4723 367 341 741 109 1322 774 200 657 54 72 85 0 260738
5 years 8926 242 809 1036 1787 603 902 444 1736 433 612 323 0 297636
6 to 9 years 4723 0 218 961 706 0 1179 1005 256 264 48 87 0 340434
10 years 13250 0 664 1751 1143 1088 1717 1007 2994 1368 564 955 0 426043
11 to 14 years 1953 0 235 178 0 436 82 61 231 196 233 302 0 474779
15 years 18228 223 2083 3818 2194 3118 2552 1629 1464 239 510 397 0 225511
16 to 19 years 1640 0 647 0 49 0 306 326 243 0 68 0 0 340241
20 years 10495 214 728 2209 1119 1844 652 360 1754 190 1193 232 0 252980
21 to 24 years 610 0 0 0 353 118 44 0 96 0 0 0 0 193249
25 years 4515 311 0 266 639 1215 320 149 955 385 65 211 0 285792
26 to 29 years 1088 535 0 0 0 0 0 55 64 73 178 182 0 415320
30 years 61439 2556 6200 8031 5597 11471 5524 5167 6803 3864 3165 1893 1169 267579
More than 30 years 11312 248 208 582 479 384 286 885 2615 2166 3010 450 0 747155
No stated term 147641 6659 13083 16835 17965 21414 12327 12902 17668 7506 7391 6164 7727 271987
Median 30 30 30 21 21 30 16 30 26 30 30 26 31 ...

Servicer of First Mortgage

Commercial bank or trust company
69390 3125 6777 9087 9555 8965 6533 6645 8093 2693 3801 2389 1727 258983
Savings and loan association, federal
savings bank
53968 3357 2978 6704 5477 8743 7858 4104 7323 3018 2549 1396 461 294217
Mutual savings bank 8869 0 79 1506 2246 1216 323 712 1421 664 489 214 0 249617
Life insurance company 7372 0 743 1216 1950 313 1116 276 541 279 369 191 377 189440
Mortgage banker or mortgage company 92614 2827 9939 7772 7465 17175 7552 8499 10787 6455 4084 5141 4919 292253
Federally-sponsored secondary market
agency or pool
34 0 34 0 0 0 0 0 0 0 0 0 0 75000
Conventional mortgage pool 1013 0 341 0 273 32 0 0 222 0 109 36 0 180371
Other federal agency 14053 342 131 1460 729 934 530 1106 3063 1745 3147 574 292 634566
Real estate investment trust 67 0 0 67 0 0 0 0 0 0 0 0 0 125000
Pension or retirement fund 33 0 0 0 0 0 0 0 0 0 0 33 0 500750000
Credit union 7740 391 261 3550 303 799 347 108 871 225 493 267 125 144442
Finance company 2183 0 0 111 327 453 340 94 570 149 65 73 0 358901
State or municipal government or
housing finance agency
10900 193 1272 519 652 1882 523 936 2139 763 898 496 626 410171
Individual or individual's estate 14519 1122 1778 2663 1468 2074 1218 1164 1897 210 334 320 271 204463
Other 7789 0 883 1751 1693 427 324 543 610 539 769 150 99 185773

Holder's Acquisition of First Mortgage

Originated directly from borrower
175891 7507 11156 22205 22532 30340 17448 13339 21843 9765 8724 6472 4561 273386
Purchased from present servicer 64683 2678 8101 7067 5368 5567 5413 5857 9410 4676 5882 3137 1527 351669
Purchased from someone else 49969 1170 5960 7135 4239 7107 3803 4993 6283 2298 2502 1672 2808 271438
Not reported 0 0 0 0 0 0 0 0 0 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
205304 9213 16301 26142 23649 32124 18257 15439 25892 11750 11977 6954 7607 273291
Less than 40 percent 9583 2033 1857 2101 468 998 639 447 488 148 363 42 0 121450
40 to 49 percent 5390 991 404 588 574 907 448 419 309 336 209 205 0 215266
50 to 59 percent 11083 284 697 1435 1450 1383 545 1281 2227 386 896 500 0 353839
60 to 69 percent 25147 1599 2342 2513 3064 3868 1836 2913 3262 1518 1553 678 0 278966
70 to 79 percent 30982 467 1624 3954 3419 5574 3951 3455 4368 1054 1916 1200 0 311470
80 to 89 percent 33442 1950 4535 2397 4426 8831 2792 1562 3185 1745 1306 712 0 238644
90 to 94 percent 7859 0 397 1043 500 1646 1275 1165 449 699 445 240 0 326895
95 to 99 percent 9668 0 321 2772 1179 940 512 477 1097 1073 816 481 0 259698
100 percent or more 63920 1890 4122 9338 8568 7977 6058 3720 10186 4722 4474 2866 0 301066
Not reported 8229 0 0 0 0 0 202 0 321 68 0 30 7607 584698
Median 85 68 83 90 86 84 86 78 87 95 88 93 0 ...
Other properties 85239 2142 8916 10265 8490 10890 8406 8750 11645 4989 5130 4327 1289 315133
Not available 0 0 0 0 0 0 0 0 0 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
205304 9213 16301 26142 23649 32124 18257 15439 25892 11750 11977 6954 7607 273291
Less than 40 percent 12279 1972 1071 2992 1607 1898 620 365 1513 160 81 0 0 153237
40 to 49 percent 5553 991 274 658 619 892 800 506 203 250 133 227 0 226226
50 to 59 percent 10727 91 1036 1873 1256 1132 1200 869 1843 155 904 368 0 297778
60 to 69 percent 53025 2052 3521 5888 6147 7427 4230 5221 8274 4310 3995 1960 0 334917
70 to 79 percent 38832 851 4234 4123 3571 7149 4062 4061 5581 1380 2656 1166 0 292838
80 to 89 percent 27498 2271 2164 2374 3196 6882 3178 928 2815 2148 777 765 0 254392
90 to 94 percent 6317 0 371 955 500 628 779 1069 623 697 348 347 0 390495
95 to 99 percent 7888 0 483 2150 271 551 351 615 1173 654 1271 370 0 422415
100 percent or more 35579 986 3145 5128 6481 5565 3038 1806 3867 1997 1813 1753 0 236811
Not reported 7607 0 0 0 0 0 0 0 0 0 0 0 7607 0
Median 74 68 75 74 76 77 76 72 72 77 73 78 0 ...
Other properties 85239 2142 8916 10265 8490 10890 8406 8750 11645 4989 5130 4327 1289 315133
Not available 0 0 0 0 0 0 0 0 0 0 0 0 0 0

First Mortgage Risk

Subprime loan
14231 640 1113 2096 1871 1386 701 1757 1748 916 553 552 898 268265
Not subprime loan 276311 10715 24103 34311 30268 41628 25962 22432 35788 15823 16555 10729 7998 283501
Not reported 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Total Outstanding Debt as a Percent
of Value

Less than 20 percent
26898 6027 3981 4559 1883 3432 2114 1063 1817 797 803 421 0 137732
20 to 29 percent 19928 250 2740 3829 3164 3387 1598 1423 1955 426 696 460 0 199696
30 to 39 percent 30062 1243 3514 3432 5658 5047 3706 1305 3009 1318 1219 611 0 223467
40 to 49 percent 40880 1531 2912 5891 4402 6375 3494 4357 5658 2036 2290 1936 0 289473
50 to 59 percent 37499 1309 2551 4508 1935 5586 3418 5098 5669 3442 2235 1748 0 383692
60 to 69 percent 43849 376 3034 2704 5465 8064 5628 4373 7190 3004 2350 1660 0 340518
70 to 79 percent 27858 0 1554 4376 4268 3798 1799 2922 4431 1343 2187 1180 0 298222
80 to 89 percent 18581 353 774 2539 2295 3677 1966 1507 2021 1127 1224 1056 42 289960
90 to 99 percent 19220 0 3865 3180 1111 1996 1462 1410 2094 1375 1529 1143 56 271440
100 percent or more 16790 0 292 1389 1957 1651 1478 732 3694 1870 2574 1067 87 557787
Not reported or not computed 8977 266 0 0 0 0 0 0 0 0 0 0 8711 25001
Median 56 18 48 51 55 56 57 58 61 61 66 63 99 ...

MORTGAGE PAYMENTS AND OTHER EXPENSES


Items Included in First Mortgage
Payment@1

Regular monthly payments of
both interest and principal
272787 10110 23790 35455 31813 41553 25310 23912 35972 15512 15722 10767 2873 281319
Real estate taxes 46431 2014 4603 5991 5206 6411 5128 3512 5758 2721 3022 2066 0 284253
Property insurance 22769 272 2978 3461 1533 4474 1910 1550 2416 1640 1415 1120 0 270180
Mortgage insurance 3944 0 1078 681 558 908 0 0 250 66 160 244 0 169074
Other 11917 0 1698 1850 329 1564 1224 1115 1549 927 877 782 0 342245
No items included or not reported 224347 7823 19186 29180 26558 34615 19994 20177 29933 12674 12695 8639 2873 280863
No regular payments of interest
and principal
17755 1245 1427 952 326 1461 1353 276 1564 1226 1386 515 6023 333586

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

Acquired before 2000 and regular
payments of interest and/or
principal
226962 7890 19679 29863 26948 33218 20197 20664 30497 13195 13936 9222 1656 285119
Less than 20 percent 18553 2811 1390 2488 1345 4080 914 2059 1085 1458 471 452 0 230481
20 to 29 percent 25294 456 3218 2346 4234 3403 2948 1811 3539 1232 1540 520 47 269621
30 to 39 percent 29531 323 2490 2649 2303 4081 3776 2977 5465 1907 1807 1521 232 374252
40 to 49 percent 37247 170 3251 6308 2570 6564 3733 2550 4869 2165 2740 2239 87 295675
50 to 59 percent 25590 449 945 5256 3387 3213 883 3935 2504 1632 2099 1196 90 284419
60 to 69 percent 18867 1104 856 2944 2838 1971 1817 1378 2909 1242 1078 699 31 284991
70 to 79 percent 12484 0 618 2166 2068 1281 1260 1863 1269 490 722 748 0 308666
80 to 89 percent 9337 588 1194 1183 1380 789 1341 701 923 327 660 250 0 240978
90 to 99 percent 4183 156 227 164 248 1358 369 258 380 472 392 159 0 295493
100 percent or more 45020 1834 5489 4073 6450 6476 3038 3132 7227 2269 2428 1438 1169 263012
Not reported or not computed 856 0 0 287 124 0 118 0 327 0 0 0 0 314383
Median 51 54 48 52 59 48 46 52 51 49 52 49 29235 ...
Other properties 63580 3465 5538 6544 5191 9796 6466 3525 7040 3543 3171 2060 7240 275861

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