Residential Finance Survey

Residential Finance Survey: 2001 - United States
Table 7-2a. Type of First Mortgage, Rental and Vacant 50-or-More-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
50-or-more housing-unit properties with traditional first mortgage	61105	46487	4759	8835	1025
PROPERTY CHARACTERISTICS Number of Housing Units 50 to 74 housing units	17736	12671	1333	3379	353
75 to 99 housing units	9285	6813	872	1497	103
100 to 149 housing units	12855	9916	1035	1699	206
150 to 199 housing units	7963	6669	477	712	106
200 to 299 housing units	7604	5865	714	904	122
300 to 499 housing units	4542	3672	250	524	96
500 to 999 housing units	979	776	69	106	28
1,000 or more housing units	142	106	9	15	11
Manner of Acquisition By purchase	55274	41925	4383	8014	953
Placed one new mortgage	43602	33335	3446	6114	706
Placed two or more new mortgages	3144	2252	264	571	57
Assumed mortgage(s) already on property	5072	3850	363	779	80
Assumed mortgage(s) already on property and placed new mortgage	1096	696	134	223	43
Borrowed using assets other than this property as collateral	438	421	0	16	1
Paid all cash-no borrowing	1275	880	69	271	55
Other manner	647	491	107	39	10
By inheritance or gift	425	296	29	83	17
By divorce	20	18	0	2	0
By tax free exchange of other property	728	514	100	115	0
By foreclosure or assignment	403	287	36	69	10
By some other manner	1401	1107	41	233	20
Not reported	2854	2339	171	318	26
Source of Downpayment@1 Properties purchased 1995 to 2001 (part)	22844	16501	2129	3755	459
Sale of stock or other partnership shares for this project	3251	2441	230	544	36
Sale of previously owned stocks, shares, or other securities	472	331	60	73	8
Sale of land or other real estate	2135	1493	248	347	48
Owner's cash, bank deposits, share accounts, or bonds	9730	6852	844	1810	224
Borrowing from a retirement plan	44	35	3	6	0
Borrowing using assets other than this property as collateral	1323	954	104	214	52
Proceeds from an insurance policy	31	23	0	0	8
From a state or local government source	393	334	38	9	12
From a non-profit organization	245	207	22	17	0
Proceeds from sale of tax credits	1090	850	57	165	17
From parents or relatives	246	195	8	38	6
Other cash source	1169	872	79	194	24
Non-cash source	214	162	28	24	0
No downpayment required	1895	1447	122	280	46
Not reported	3238	2201	438	534	64
Other properties	37020	28953	2548	4971	548
Not reported	1241	1033	82	109	18
Year Property Acquired 1999 to 2001 (part)	10626	7777	996	1644	208
1997 and 1998	9376	6940	759	1561	115
1995 and 1996	5465	3940	502	854	169
1990 to 1994	7755	5812	626	1182	135
1985 to 1989	8238	6330	713	1076	120
1980 to 1984	7377	5839	482	994	62
1975 to 1979	6270	5237	263	651	119
1970 to 1974	3538	2864	187	447	39
1969 or earlier	2462	1747	231	426	58
Property New or Previously Owned When Acquired Acquired by purchase	55274	41925	4383	8014	953
New	21461	17559	1341	2254	307
Previously owned	32972	23749	2994	5597	632
As residential property	31082	22142	2911	5411	617
Converted from nonresidential use	1890	1606	83	185	15
Other	353	321	3	30	0
Not reported	488	296	44	134	13
Other properties	2978	2223	205	503	47
Not reported	2854	2339	171	318	26
Year Structure Built 1999 to March 2000	1873	1455	193	200	25
1997 and 1998	3191	2554	189	404	44
1995 and 1996	2276	1670	269	266	71
1990 to 1994	3355	2669	314	347	25
1980 to 1989	14864	11675	1008	1980	200
1970 to 1979	18739	14598	1098	2723	319
1960 to 1969	8445	6154	708	1372	211
1950 to 1959	2539	1807	308	392	32
1940 to 1949	1280	901	185	166	27
1939 or earlier	4543	3003	486	984	70
Purchase Price Per Housing Unit@8 Properties acquired by purchase 1997 to 2001 (part)	17882	12966	1650	2969	297
Less than $20,000	4160	3018	304	755	82
$20,000 to $39,999	6550	4626	687	1120	117
$40,000 to $59,999	3868	2811	411	589	57
$60,000 to $79,999	1860	1366	158	304	31
$80,000 to $99,999	735	558	55	118	4
$100,000 to $124,999	324	260	18	46	0
$125,000 to $149,999	179	161	6	6	5
$150,000 to $174,999	50	46	2	3	0
$175,000 to $199,999	42	37	1	4	0
$200,000 to $249,999	69	54	5	9	0
$250,000 to $299,999	13	9	0	3	0
$300,000 to $499,999	10	5	0	6	0
$500,000 or more	9	1	3	5	0
Median	34579	34951	35165	33034	31258
Mean	40690	40984	40563	40101	34472
Other properties	43224	33521	3109	5866	728
Value Less than $1,000,000	2667	1881	218	529	39
$1,000,000 to $1,999,999	7938	5882	517	1413	126
$2,000,000 to $2,999,999	8583	6321	684	1377	200
$3,000,000 to $3,999,999	7819	5766	616	1295	142
$4,000,000 to $4,999,999	5102	3683	479	848	91
$5,000,000 to $7,499,999	10845	8503	857	1335	150
$7,500,000 to $9,999,999	4599	3622	290	639	48
$10,000,000 to $14,999,999	7167	5859	478	738	93
$15,000,000 to $19,999,999	2564	2054	191	271	48
$20,000,000 to $29,999,999	2211	1624	305	250	31
$30,000,000 to $39,999,999	678	516	79	67	17
$40,000,000 to $49,999,999	346	289	18	21	19
$50,000,000 or more	586	486	28	52	20
Median	4695105	4921003	4720254	3848198	4060409
Mean	7358174	7560215	7518594	6020352	8980601
Value Per Housing Unit@8 Less than $20,000	8571	6407	645	1373	146
$20,000 to $39,999	22371	16850	1601	3482	438
$40,000 to $59,999	16078	12593	1168	2110	208
$60,000 to $79,999	6789	5087	637	911	155
$80,000 to $99,999	3106	2271	366	439	29
$100,000 to $124,999	1840	1505	116	207	13
$125,000 to $149,999	955	681	107	156	12
$150,000 to $174,999	405	337	29	32	7
$175,000 to $199,999	228	175	24	18	12
$200,000 to $249,999	326	228	48	46	4
$250,000 to $299,999	166	128	15	21	1
$300,000 to $499,999	164	122	4	37	1
$500,000 or more	106	103	0	3	0
Median	39652	39983	42295	37483	36759
Mean	48827	49196	50306	46543	44934
Value of Capital Improvements Properties with capital improvements between 1998 and 2000	39178	30076	2970	5468	665
Less than $50,000	10021	7336	796	1658	232
$50,000 to $99,999	6856	5252	541	957	106
$100,000 to $249,999	11297	8884	930	1356	128
$250,000 to $499,999	5299	4214	271	745	69
$500,000 to $749,999	2472	1958	161	310	43
$750,000 to $999,999	815	653	50	100	12
$1,000,000 to $1,499,999	910	694	83	105	27
$1,500,000 to $1,999,999	388	277	36	54	21
$2,000,000 to $2,999,999	398	261	24	109	5
$3,000,000 or more	721	547	78	74	23
Median	136001	141360	123913	113159	97456
Mean	387961	381003	388200	376827	793222
Properties with no capital improvements between 1998 and 2000	12224	9023	960	2006	235
Capital improvements not reported	9704	7388	829	1361	125
Value of Capital Improvements Per Unit Properties with capital improvements between 1998 and 2000	39178	30076	2970	5468	665
Less than $500	11216	8442	854	1698	223
$500 to $999	8506	6458	721	1168	160
$1,000 to $2,499	12556	10056	832	1501	166
$2,500 to $4,999	4144	3124	338	623	59
$5,000 to $7,499	1132	776	84	263	10
$7,500 to $9,999	424	354	15	48	7
$10,000 to $14,999	370	259	51	33	26
$15,000 to $19,999	195	160	18	16	2
$20,000 to $29,999	192	146	17	28	1
$30,000 or more	442	301	42	91	9
Median	992	1021	938	944	841
Mean	2551	2538	2259	2751	2787
Properties with no capital improvements between 1998 and 2000	12224	9023	960	2006	235
Capital improvements not reported	9704	7388	829	1361	125
Monthly Rental Receipts Per Housing Unit Acquired before 2000	54526	41640	4180	7786	920
Less than $100	1463	1099	48	280	36
$100 to $199	1765	1312	142	302	8
$200 to $299	2887	2251	199	360	78
$300 to $399	6626	5123	397	1015	91
$400 to $499	8908	6604	750	1420	135
$500 to $599	10033	7475	787	1632	139
$600 to $799	7253	5386	768	974	126
$800 to $999	9959	7996	601	1154	209
$1000 or more	5474	4301	466	612	94
No rental receipts	157	94	22	37	5
Median	555	559	569	530	579
Mean	644	643	677	617	795
Acquired 2000 and 2001 (part)	6579	4847	579	1048	106
Rental Receipts as Percent of Value@8 Acquired before 2000	54526	41640	4180	7786	920
Less than 5 percent	1424	1092	69	231	32
5 to 9 percent	3407	2631	190	519	67
10 to 14 percent	16334	12013	1528	2550	244
15 to 19 percent	14811	11751	986	1877	197
20 to 24 percent	7989	6098	574	1234	83
25 to 29 percent	4315	3424	257	499	134
30 to 39 percent	3034	2334	219	390	91
40 percent or more	3082	2226	339	450	68
Median	17	17	16	17	18
Acquired 2000 and 2001 (part)	6579	4847	579	1048	106
Rental Vacancy Losses as Percent of Potential Receipts Acquired before 2000	54526	41640	4180	7786	920
Less than 1.0 percent	7279	5794	525	828	131
1.0 to 2.9 percent	9854	7574	634	1455	191
3.0 to 4.9 percent	8330	6252	639	1298	141
5.0 to 6.9 percent	5126	3932	418	672	103
7.0 to 8.9 percent	5096	4313	226	521	36
9.0 to 10.9 percent	2468	1827	197	417	27
11.0 to 12.9 percent	1453	1010	247	173	22
13.0 to 14.9 percent	731	507	37	182	5
15.0 percent or more	3730	2819	199	645	67
Not reported or not computed	10459	7611	1058	1594	196
Median	4.2	4.2	4.3	4.3	3.6
Acquired 2000 and 2001 (part)	6579	4847	579	1048	106
Age Restrictions Property restricted to people age 55 or older	10468	8550	579	1208	131
Property not restricted to people age 55 or older	48401	36081	4055	7388	876
Not reported	2236	1856	124	238	18
Age Composition Over one-half the residents of the building age 55 or older	3452	2769	258	367	57
Over one-half the residents of the building not age 55 or older	43396	32258	3631	6716	791
Not reported	14258	11459	870	1752	177
Meal Service Provided by Properties Exclusively or Predominantly Occupied by People Age 55 or Older Property provides meal service	5664	4592	355	643	73
Charge included in rent	3546	2753	289	467	37
Charge not included in rent	694	559	26	80	29
Not reported	1424	1280	40	96	7
Property does not provide meal service	7803	6320	449	918	115
Not reported	47639	35574	3955	7273	837
Type of Property Benefits@1 Government-sponsored below-market interest rate mortgage loan	5925	4850	314	636	125
Government rental subsidy	14753	11801	798	1872	282
Government grant	832	667	49	109	8
Property tax relief	3486	2660	293	424	108
Federal income tax credit for low-income, old or historic properties	3202	2482	270	334	117
Accelerated federal income tax depreciation for low- and moderate-income properties	752	522	83	138	9
Subsidy from a non-profit corporation	713	529	61	112	11
None of the above benefits	35168	26268	2974	5426	500
Not reported	5700	4198	488	936	78
Source of Property Benefits@1 With property benefits	20238	16021	1297	2473	448
Federal government	15528	12470	945	1830	283
State government	2667	2135	160	273	99
Local government	3713	2777	272	557	108
Non-profit corporation	713	529	61	112	11
Not reported	522	407	19	85	11
With no property benefits	35168	26268	2974	5426	500
Not reported	5700	4198	488	936	78
Reason for Benefits@1 With property benefits	20238	16021	1297	2473	448
Occupied by low- or moderate-income individuals	16938	13505	948	2110	375
Occupied by elderly or disabled individuals	7611	6310	379	789	133
A historic structure	350	249	22	74	5
Located in a community development or economic development area	828	719	50	44	15
Covered by a Homestead Exemption	90	61	0	29	0
Covered by a Community Land Trust	0	0	0	0	0
Covered by disaster relief	41	35	0	7	0
Other reason	882	723	99	45	15
Not reported	777	513	122	115	28
With no property benefits	35168	26268	2974	5426	500
Not reported	5700	4198	488	936	78
Section 8 Rental Housing Certificates and Vouchers Property did or does have tenants receiving Section 8 assistance	25738	19182	1830	4314	412
Property has never had tenants receiving Section 8 assistance	30503	23507	2487	3982	527
Not reported	4864	3798	442	538	86
OWNER CHARACTERISTICS Type of Owner Individual investor(s)	7408	4918	624	1764	102
Limited partnership	26622	20809	1985	3366	461
Joint venture	661	445	44	154	19
General partnership	4472	3125	441	838	69
Life insurance company	108	79	13	14	1
Depository institution	5	5	0	0	0
Public real estate investment trust	1006	818	95	74	19
Private real estate investment trust	225	217	6	3	0
Corporation - other than real estate investment trust	12605	9662	968	1754	220
Housing cooperative organization	2222	1754	221	202	44
Non-profit or church-related institution	3912	3261	219	378	55
Pension fund	84	69	6	9	0
Fraternal organization	11	6	0	6	0
Other	1765	1320	138	273	35
MORTGAGE CHARACTERISTICS Method of Loan Application By computer over the Internet or by e-mail	111	89	5	16	0
By telephone or FAX	6929	5200	505	1105	119
By regular mail	6759	5143	577	945	93
By personal visit	19750	14380	1629	3376	366
Through third party (such as real estate agent or builder)	14847	11626	1195	1869	157
Some other way	3528	2721	257	410	140
Not reported	6304	4994	490	731	89
Not available	2877	2333	101	381	62
Origin of First Mortgage Mortgage made at time property acquired	36496	27974	2517	5384	622
Mortgage assumed at the time property acquired	5272	4117	362	678	116
Mortgage placed later than acquisition of property	19337	14396	1880	2773	288
Refinanced mortgage	18234	13687	1652	2617	279
Same lender	4495	3188	590	638	80
Different lender	13740	10499	1062	1979	199
Mortgage placed on property owned free and clear of debt	1102	709	228	156	9
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	19337	14396	1880	2773	288
Obtain lower interest rate	9955	7713	876	1281	84
Increase payment period for mortgage	529	418	17	93	1
Reduce payment period for mortgage	42	36	3	0	3
Renew or extend loan that had fallen due, without increasing outstanding balance	2251	1595	217	369	70
Receive cash or increase outstanding balance of loan	3944	2841	421	610	72
Other reason	1779	1137	257	333	52
Not reported	836	655	89	88	5
Other properties	41769	32091	2879	6062	737
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	8972	6706	865	1272	128
Less than $1,000,000	4100	2752	473	796	79
$1,000,000 to $1,999,999	2984	2625	115	218	27
$2,000,000 to $2,999,999	566	415	56	94	1
$3,000,000 to $3,999,999	346	257	33	51	5
$4,000,000 to $4,999,999	272	195	28	40	9
$5,000,000 to $7,499,999	175	145	10	20	0
$7,500,000 to $9,999,999	129	113	1	11	4
$10,000,000 to $14,999,999	232	74	147	10	0
$15,000,000 to $19,999,999	68	60	0	6	2
$20,000,000 to $29,999,999	48	40	0	8	0
$30,000,000 to $39,999,999	14	9	0	4	1
$40,000,000 to $49,999,999	5	5	0	0	0
$50,000,000 or more	34	18	2	14	0
Not reported	0	0	0	0	0
Median	1129499	1229224	914434	799483	808379
Mean	2430523	2344490	3171520	2432460	1910327
Properties that refinanced and did not receive cash back	7859	5836	805	1089	129
Properties that refinanced and did not report if received cash back	2505	1853	209	411	31
Properties that did not refinance	41769	32091	2879	6062	737
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	8972	6706	865	1272	128
For additions, improvements or repairs to this property	5820	4494	571	692	63
To consolidate debts	635	429	76	123	7
For investment in other real estate	4237	3362	223	599	53
For other types of investments	1077	740	126	177	33
For educational or medical expenses	17	13	0	4	0
To start a business	6	4	0	0	2
To settle a divorce	7	4	0	2	0
To pay taxes	113	81	6	20	6
To purchase an automobile, truck, or other vehicle	20	17	0	3	0
To purchase consumer product other than automobile, truck, or other vehicle	76	61	6	10	0
Other	1024	800	70	136	19
Not reported	249	174	53	14	8
Properties that refinanced and did not receive cash back	7859	5836	805	1089	129
Properties that refinanced and did not report if received cash back	2505	1853	209	411	31
Properties that did not refinance	41769	32091	2879	6062	737
Not available	0	0	0	0	0
Year First Mortgage Made or Assumed 1999 to 2001 (part)	18076	12454	2074	3215	333
1997 and 1998	15738	12272	1276	1995	195
1995 and 1996	6907	5255	447	1040	165
1990 to 1994	6937	5241	448	1151	97
1985 to 1989	4158	3446	116	525	72
1980 to 1984	4319	3703	190	390	36
1979 or earlier	4970	4117	207	518	127
First Mortgage Insurance Status FHA-insured first mortgage	6261	5391	325	471	74
VA-guaranteed first mortgage	0	0	0	0	0
Rural Housing Service-Rural Development- insured or -guaranteed first mortgage	1959	1774	60	117	9
Other federal, state, or local government-insured or guaranteed first mortgage	4357	3699	265	339	53
Insured conventional first mortgage	4635	3726	156	671	81
Uninsured conventional first mortgage	43893	31896	3953	7236	808
Not reported	0	0	0	0	0
Traditional First Mortgage Loan Less than $500,000	2852	1953	245	612	42
$500,000 to $999,999	4903	3586	253	992	73
$1,000,000 to $1,499,999	7033	5057	592	1195	189
$1,500,000 to $1,999,999	6496	4706	502	1175	113
$2,000,000 to $2,499,999	5389	4004	513	790	82
$2,500,000 to $2,999,999	4451	3340	416	634	61
$3,000,000 to $3,999,999	6980	5433	554	895	99
$4,000,000 to $4,999,999	4759	3879	328	502	52
$5,000,000 to $7,499,999	7711	6404	416	791	99
$7,500,000 to $9,999,999	3236	2453	268	474	40
$10,000,000 to $12,499,999	2091	1532	313	197	49
$12,500,000 to $14,999,999	1083	807	104	151	22
$15,000,000 to $19,999,999	1097	912	65	106	13
$20,000,000 or more	1214	987	82	92	53
Not reported	1811	1435	108	229	38
Median	2834191	2982116	2765872	2208142	2465780
Mean	4472478	4599673	4453589	3654014	5890741
Total Mortgage Loan Less than $500,000	2530	1787	191	510	42
$500,000 to $999,999	4632	3296	274	1001	61
$1,000,000 to $1,499,999	6751	4893	571	1107	180
$1,500,000 to $1,999,999	6206	4417	504	1196	88
$2,000,000 to $2,499,999	5227	3884	489	764	91
$2,500,000 to $2,999,999	4444	3386	370	630	58
$3,000,000 to $3,999,999	7118	5539	592	887	100
$4,000,000 to $4,999,999	4613	3681	327	528	76
$5,000,000 to $7,499,999	8455	7005	463	879	109
$7,500,000 to $9,999,999	3405	2559	282	526	38
$10,000,000 to $12,499,999	2138	1624	301	173	40
$12,500,000 to $14,999,999	1186	870	112	173	32
$15,000,000 to $19,999,999	1185	969	74	131	12
$20,000,000 or more	1407	1142	101	104	60
Not reported	1810	1434	108	229	38
Median	2984052	3155751	2900121	2320618	2768012
Mean	4775329	4921123	4688275	3884232	6298777
Traditional First Mortgage Outstanding Debt Less than $500,000	5445	4021	350	1002	73
$500,000 to $999,999	6689	4861	384	1282	161
$1,000,000 to $1,499,999	7502	5308	620	1391	184
$1,500,000 to $1,999,999	6390	4700	599	993	99
$2,000,000 to $2,499,999	5381	4130	467	736	49
$2,500,000 to $2,999,999	4003	3103	394	454	52
$3,000,000 to $3,999,999	6243	4837	479	839	88
$4,000,000 to $4,999,999	3606	2991	194	366	55
$5,000,000 to $7,499,999	6763	5583	404	694	81
$7,500,000 to $9,999,999	2761	2072	255	392	41
$10,000,000 to $12,499,999	1717	1214	284	184	34
$12,500,000 to $14,999,999	928	722	88	106	12
$15,000,000 to $19,999,999	938	775	64	88	12
$20,000,000 or more	937	740	70	82	45
Not reported	1802	1430	108	226	38
Median	2336807	2440549	2399893	1816756	1882531
Mean	3911668	4009036	4039715	3227739	4828166
Total Mortgage Outstanding Debt Less than $500,000	4883	3610	341	864	69
$500,000 to $999,999	6272	4540	337	1247	148
$1,000,000 to $1,499,999	7277	5116	616	1404	142
$1,500,000 to $1,999,999	6176	4474	621	981	101
$2,000,000 to $2,499,999	5417	4254	403	705	56
$2,500,000 to $2,999,999	3756	2869	372	453	63
$3,000,000 to $3,999,999	6767	5259	524	894	89
$4,000,000 to $4,999,999	3977	3261	241	397	78
$5,000,000 to $7,499,999	7035	5807	393	745	90
$7,500,000 to $9,999,999	2904	2164	273	428	38
$10,000,000 to $12,499,999	1772	1281	278	180	33
$12,500,000 to $14,999,999	1015	774	94	127	20
$15,000,000 to $19,999,999	1025	828	84	103	10
$20,000,000 or more	1084	867	75	92	50
Not reported	1744	1384	108	214	38
Median	2468121	2597232	2511001	1905545	2309345
Mean	4040496	4136175	4162503	3354018	5051253
Current Interest Rate on First Mortgage Less than 6.0 percent	23595	16584	2404	3836	772
6.0 percent	373	167	5	199	2
6.1 to 6.4 percent	792	586	50	142	13
6.5 to 6.9 percent	2523	1799	369	342	13
7.0 percent	5126	4103	172	845	7
7.1 to 7.4 percent	2574	1982	236	346	10
7.5 to 7.9 percent	6142	4818	501	783	39
8.0 percent	1121	854	139	116	11
8.1 to 8.4 percent	2405	1733	313	333	26
8.5 to 8.9 percent	2000	1373	226	374	27
9.0 percent	1201	1098	57	40	6
9.1 to 9.4 percent	800	697	47	51	4
9.5 to 9.9 percent	639	452	63	117	6
10.0 percent	300	220	9	43	28
10.1 to 10.4 percent	288	228	39	18	4
10.5 to 10.9 percent	433	390	4	39	0
11.0 percent	482	453	0	30	0
11.1 to 12.9 percent	876	672	77	100	27
13.0 percent	166	166	0	0	0
13.1 percent or more	9269	8112	49	1079	29
Not reported	0	0	0	0	0
Median	7.1	7.1	5.9	6.9	4.0
Type of Interest Rate Buydown Properties with interest rate buydown	107	106	0	1	0
Constant payment	21	21	0	0	0
3-2-1 buydown	5	5	0	0	0
Other	22	22	0	0	0
Not reported	59	58	0	1	0
Properties without interest rate buydown	19686	14004	2144	3256	283
Not reported	41312	32376	2615	5577	743
Term of First Mortgage Less than 5 years	466	100	171	175	20
5 years	956	386	409	103	58
6 to 9 years	820	406	350	61	4
10 years	6748	5257	732	721	37
11 to 14 years	469	193	111	161	4
15 years	1667	981	147	521	18
16 to 19 years	669	508	48	103	9
20 years	983	610	112	238	23
21 to 24 years	244	191	4	41	7
25 years	989	634	11	336	9
26 to 29 years	153	150	0	2	1
30 years	8755	6675	337	1608	135
More than 30 years	3037	2967	11	20	39
No stated term	35148	27428	2316	4745	660
Median	24	30	10	21	25
Unexpired Term of First Mortgage Less than 5 years	2926	1668	730	435	93
5 to 9 years	8375	6248	1090	966	71
10 to 14 years	3357	2629	255	446	27
15 to 19 years	2335	1504	75	733	23
20 to 24 years	2671	2107	71	450	43
25 to 29 years	4832	3599	214	936	83
30 or more years	1471	1314	9	124	25
No stated term or not computed	35138	27418	2316	4745	660
Median	13	13	7	16	13
Holder of First Mortgage Commercial bank or trust company	10924	7284	1148	2239	253
Savings and loan association, federal savings bank	6694	4018	528	2100	49
Mutual savings bank	964	578	103	280	4
Life insurance company	2892	2429	286	153	24
Mortgage banker or mortgage company	579	327	35	213	4
Federally-sponsored secondary market agency or pool	23583	19032	1608	2492	452
Conventional mortgage pool	541	428	85	23	4
Other federal agency	3646	3273	126	193	54
Real estate investment trust	911	237	517	141	16
Pension or retirement fund	567	414	38	114	1
Credit union	1522	1297	29	188	8
Finance company	750	536	21	183	10
State or municipal government or housing finance agency	4262	3832	94	270	66
Individual or individual's estate	1287	1129	47	87	24
Other	1984	1675	94	158	57
First Mortgage Loan as a Percent of Purchase Price Properties acquired by purchase with first mortgage made or assumed at time of purchase	37110	28336	2654	5432	688
Less than 40 percent	2519	1898	222	366	33
40 to 49 percent	1251	1018	74	142	18
50 to 59 percent	2288	1706	175	343	64
60 to 69 percent	3785	2975	307	423	80
70 to 79 percent	5010	3581	377	980	72
80 to 89 percent	5169	3778	531	779	82
90 to 94 percent	2084	1574	74	332	104
95 to 99 percent	1854	1551	122	169	12
100 percent or more	11822	9200	689	1739	194
Not reported	1326	1054	85	159	28
Median	86	87	82	85	88
Other properties	23996	18151	2104	3403	337
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	37110	28336	2654	5432	688
Less than 40 percent	1863	1300	236	310	18
40 to 49 percent	1016	712	98	169	37
50 to 59 percent	1467	1089	141	217	21
60 to 69 percent	10626	8700	595	1138	193
70 to 79 percent	5689	3853	508	1213	115
80 to 89 percent	4566	3268	502	732	63
90 to 94 percent	1747	1357	58	223	109
95 to 99 percent	1262	1060	53	140	9
100 percent or more	7645	6030	379	1140	96
Not reported	1229	966	85	151	27
Median	75	75	74	77	75
Other properties	23996	18151	2104	3403	337
Not available	0	0	0	0	0
First Mortgage Risk Subprime loan	4040	3460	236	264	79
Not subprime loan	57065	43026	4523	8570	946
Not reported	0	0	0	0	0
Index Used to Adjust Interest Rate on ARM Properties with adjustable rate first mortgage	9857	0	0	8835	1022
Treasury security	1430	0	0	1421	9
Average cost of funds in bank district	898	0	0	898	0
National average cost of funds	45	0	0	45	0
OTS contract mortgage rate	0	0	0	0	0
Other method	1262	0	0	1163	100
No index used	144	0	0	33	112
Not reported	6078	0	0	5276	802
Other properties	51249	46487	4759	0	3
Not reported	0	0	0	0	0
Frequency With Which Rate Can Be Adjusted Properties with adjustable rate first mortgage	9857	0	0	8835	1022
Monthly	1073	0	0	1029	44
Every 3 months	111	0	0	110	1
Every 6 months	473	0	0	473	0
Yearly	694	0	0	680	14
Every 3 years	165	0	0	165	0
Every 5 years	910	0	0	901	10
Other	271	0	0	190	81
Not reported	6159	0	0	5286	873
Other properties	51249	46487	4759	0	3
Not reported	0	0	0	0	0
Caps on Interest Rate Per Adjustment Period Properties with adjustable rate first mortgage	9857	0	0	8835	1022
Less than 1 percent	123	0	0	123	0
1 percent	0	0	0	0	0
1.1 to 1.9 percent	115	0	0	115	0
2 percent	368	0	0	365	4
2.1 to 2.9 percent	166	0	0	166	0
3 percent	69	0	0	69	0
3.1 to 3.9 percent	137	0	0	137	0
4.0 percent or more	164	0	0	157	7
No caps	2475	0	0	2341	134
Not reported	6241	0	0	5363	878
Other properties	51249	46487	4759	0	3
Not reported	0	0	0	0	0
Caps on Interest Rate Over Life of ARM Properties with adjustable rate first mortgage	9857	0	0	8835	1022
Less than 1 percent	49	0	0	49	0
1 percent	0	0	0	0	0
1.1 to 1.9 percent	5	0	0	5	0
2 percent	5	0	0	5	0
2.1 to 2.9 percent	24	0	0	24	0
3 percent	43	0	0	39	4
3.1 to 3.9 percent	22	0	0	22	0
4.0 percent or more	1432	0	0	1422	10
No caps	1977	0	0	1833	145
Not reported	6299	0	0	5436	863
Other properties	51249	46487	4759	0	3
Not reported	0	0	0	0	0
Interest Rate Changed Since Mortgage Made Properties with adjustable rate first mortgage	9857	0	0	8835	1022
Yes, rate has changed	2474	0	0	2365	110
No change since mortgage made	1287	0	0	1205	82
Not reported	6096	0	0	5265	831
Other properties	51249	46487	4759	0	3
Not reported	0	0	0	0	0
Percentage of Margin Over Index on ARM Properties with adjustable rate first mortgage	9857	0	0	8835	1022
Less than 1 percent	75	0	0	53	22
1 percent	9	0	0	6	2
1.1 to 1.9 percent	161	0	0	147	14
2 percent	217	0	0	217	0
2.1 to 2.9 percent	1823	0	0	1778	45
3 percent	304	0	0	304	0
3.1 to 3.9 percent	531	0	0	531	0
4 percent	47	0	0	44	4
4.1 to 4.9 percent	48	0	0	48	0
5 percent or more	171	0	0	155	16
Not reported	6470	0	0	5551	919
Median	2.7	0.0	0.0	2.7	2.4
Other properties	51249	46487	4759	0	3
Not reported	0	0	0	0	0
ARM Convertible to Fixed Rate Mortgage Properties with adjustable rate first mortgage	9857	0	0	8835	1022
Can be converted	174	0	0	134	40
Cannot be converted	3255	0	0	3121	134
Not reported	6428	0	0	5579	848
Other properties	51249	46487	4759	0	3
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	310	0	0	297	13
Payments can change monthly	22	0	0	21	1
Payments can change every three months	1	0	0	0	1
Payments can change every six months	21	0	0	21	0
Payments can change yearly	142	0	0	135	7
Payments can change every 3 years	38	0	0	38	0
Payments can change every 5 years	54	0	0	54	0
Other	31	0	0	27	4
Not reported	1	0	0	1	0
Monthly payments cannot change	54468	46487	4759	3046	176
Not reported	6327	0	0	5491	836
First Mortgage Allows for Negative Amortization Monthly payments can change (other than change in interest rate)	310	0	0	297	13
Yes, unrestricted negative amortization	17	0	0	17	0
Yes, restricted negative amortization	88	0	0	88	0
No negative amortization allowed	204	0	0	191	13
Not reported	0	0	0	0	0
Monthly payments cannot change	54468	46487	4759	3046	176
Not reported	6327	0	0	5491	836
MORTGAGE PAYMENTS AND OTHER EXPENSES Method of Payment of First Mortgage Regular payments of interest and/or principal	57701	44029	4497	8290	886
Interest and principal	57200	43775	4376	8206	842
Fully amortized	44160	36648	68	6712	731
Not fully amortized	13040	7127	4308	1494	111
Interest only	501	253	121	84	44
No regular payments required	554	219	75	160	100
Not reported	2850	2239	187	385	40
Items Included in First Mortgage Payment@1 Regular monthly payments of both interest and principal	57200	43775	4376	8206	842
Real estate taxes	14694	11402	1505	1714	73
Property insurance	10761	9442	560	700	59
Mortgage insurance	4644	4493	11	139	1
Other	8849	7698	648	461	43
No items included or not reported	42191	32121	2850	6478	741
No regular payments of interest and principal	3906	2712	382	629	183
Monthly Interest and Principal Payments on First Mortgage Per Housing Unit Regular monthly payments of interest and/or principal	60551	46268	4684	8674	926
Less than $100	9338	7087	589	1512	149
$100 to $199	18480	13427	1694	3046	314
$200 to $299	16475	13105	1047	2093	229
$300 to $399	6807	5104	726	861	116
$400 to $499	3065	2513	221	294	37
$500 to $599	1326	1078	68	168	11
$600 to $699	629	477	43	96	12
$700 to $799	369	324	9	30	5
$800 to $899	225	194	22	8	1
$900 to $999	134	93	17	23	1
$1,000 to $1,249	263	212	23	26	2
$1,250 to $1,499	143	96	9	36	1
$1,500 or more	449	318	28	97	6
Not reported	2850	2239	187	385	40
Median	206	211	198	186	194
Mean	257	260	249	243	266
No regular payments required	554	219	75	160	100
Current First Mortgage Payment Status Regular monthly payments of principal and/or interest	60551	46268	4684	8674	926
Up-to-date, ahead of schedule, or less than 90 days past due	21279	15613	2073	3392	201
Delinquent by 90 days or more	140	77	5	46	12
Legal proceedings have begun	18	12	2	0	4
Legal proceedings have not begun	115	65	3	40	6
Not reported	7	0	0	6	1
Not reported	39132	30577	2605	5237	713
Other properties	554	219	75	160	100
Monthly Interest and Principal Payments on Total Mortgages Per Housing Unit Regular monthly payments of interest and/or principal	60551	46268	4684	8674	926
Less than $100	11571	8879	739	1792	161
$100 to $199	18030	13131	1572	3016	311
$200 to $299	16452	12894	1159	2145	254
$300 to $399	7474	5714	753	888	119
$400 to $499	3217	2631	228	321	37
$500 to $599	1426	1168	75	170	13
$600 to $699	691	536	41	102	12
$700 to $799	399	343	17	34	4
$800 to $899	248	212	22	13	1
$900 to $999	137	96	18	21	2
$1,000 to $1,249	269	214	23	28	3
$1,250 to $1,499	146	105	9	30	1
$1,500 or more	493	345	28	114	6
Not reported	0	0	0	0	0
Median	204	209	203	184	197
Mean	253	256	246	240	264
No regular payments required	554	219	75	160	100
Interest and Principal Payment on First Mortgage as Percent of Rental Receipts Acquired before 2000 and regular payments of interest and/or princi	51555	39437	3946	7382	791
Less than 20 percent	7092	5276	521	1096	199
20 to 29 percent	9847	7371	902	1437	137
30 to 39 percent	13281	10388	868	1854	170
40 to 49 percent	9671	7595	681	1320	75
50 to 59 percent	5508	4096	579	710	123
60 to 69 percent	2371	1922	133	284	32
70 to 79 percent	953	724	64	135	30
80 to 89 percent	380	325	23	27	4
90 to 99 percent	286	220	4	61	0
100 percent or more	2044	1453	152	419	20
Not reported or not computed	123	67	19	37	0
Median	37	37	36	36	34
Other properties	9550	7050	813	1453	234
Interest and Principal Payment on Total Mortgages as Percent of Rental Receipts Acquired before 2000 and regular payments of interest and/or principal	51659	39500	3961	7392	806
Less than 20 percent	6594	4857	510	1025	202
20 to 29 percent	9382	7073	819	1385	106
30 to 39 percent	12803	9995	906	1728	174
40 to 49 percent	10146	8035	634	1372	105
50 to 59 percent	5931	4366	656	781	128
60 to 69 percent	2721	2123	167	398	32
70 to 79 percent	1032	794	63	145	30
80 to 89 percent	440	384	26	25	4
90 to 99 percent	369	299	9	61	0
100 percent or more	2113	1506	152	435	20
Not reported or not computed	127	67	19	37	4
Median	38	38	37	37	35
Other properties	9446	6987	798	1443	219
Real Estate Tax Per $1,000 Value Acquired before 2000	54526	41640	4180	7786	920
Less than $5	7448	5974	563	802	109
$5 to $9	10417	7848	602	1800	167
$10 to $14	13407	9997	1239	1972	199
$15 to $19	9253	7539	478	1121	115
$20 to $24	4458	3455	351	523	128
$25 to $29	2951	2144	317	440	49
$30 to $39	5941	4167	590	1040	144
$40 to $49	11	11	0	0	0
$50 to $59	4	0	4	0	0
$60 or more	45	31	0	14	0
Not reported or not computed	591	472	35	75	9
Median	13	13	14	13	15
Acquired 2000 and 2001 (part)	6579	4847	579	1048	106
Real Estate Tax as Percent of Rental Receipts Acquired before 2000	54526	41640	4180	7786	920
Less than 5 percent	12701	10071	949	1494	187
5 to 9 percent	25285	19318	1759	3757	451
10 to 14 percent	10830	8090	923	1603	214
15 to 19 percent	2602	1887	324	359	32
20 to 24 percent	1172	866	77	224	5
25 to 29 percent	330	240	45	38	7
30 to 34 percent	128	91	18	15	4
35 to 39 percent	62	30	5	28	0
40 percent or more	696	504	27	158	7
Not reported or not computed	721	543	54	112	12
Median	8	8	8	8	8
Acquired 2000 and 2001 (part)	6579	4847	579	1048	106
Property Management Property managed by paid property management company	53642	40992	4135	7587	929
Property not managed by paid property management company	4980	3561	420	923	76
Not reported	2483	1934	203	325	21
Property Management and Administration Expenses Per Housing Unit Acquired before 2000	54526	41640	4180	7786	920
Less than $100	880	721	43	108	7
$100 to $199	2610	1952	189	415	55
$200 to $299	5643	4088	361	1102	92
$300 to $399	7425	5744	586	1010	84
$400 to $499	6691	5383	497	657	154
$500 to $599	3733	2677	343	651	60
$600 to $699	2661	1993	263	354	51
$700 to $799	2445	1871	196	343	35
$800 to $899	1905	1505	69	312	19
$900 to $999	1718	1277	134	252	55
$1,000 to $1,249	4002	3155	232	554	61
$1,250 to $1,499	2668	2093	242	293	40
$1,500 to $1,999	2146	1731	162	182	71
$2,000 to $2,499	668	542	25	84	17
$2,500 or more	1315	1089	87	116	22
No expenses	2649	1719	277	638	15
Not reported or not computed	5367	4099	474	715	80
Median	500	501	511	489	531
Acquired 2000 and 2001 (part)	6579	4847	579	1048	106
Maintenance and Repair Expenses Per Housing Unit Acquired before 2000	54526	41640	4180	7786	920
Less than $100	1701	1187	238	262	13
$100 to $199	2336	1763	115	404	53
$200 to $299	3035	2309	193	483	50
$300 to $399	3625	2726	277	583	39
$400 to $499	3956	2819	450	620	68
$500 to $599	3809	2922	297	533	57
$600 to $699	3894	2966	311	547	71
$700 to $799	3267	2604	179	435	49
$800 to $899	4348	3463	305	547	33
$900 to $999	2276	1780	113	322	61
$1,000 to $1,249	5489	4368	297	720	106
$1,250 to $1,499	3390	2644	246	422	78
$1,500 to $1,999	3603	2759	241	539	64
$2,000 to $2,499	1419	1090	119	205	5
$2,500 or more	1918	1356	176	297	89
No expenses	382	309	18	41	15
Not reported or not computed	6079	4577	606	827	69
Median	751	765	667	706	854
Acquired 2000 and 2001 (part)	6579	4847	579	1048	106
Utility and Fuel Expenses Per Housing Unit Acquired before 2000	54526	41640	4180	7786	920
Less than $250	4141	3173	296	626	44
$250 to $499	13717	10379	1097	1963	278
$500 to $749	13807	10754	797	2076	180
$750 to $999	7962	6098	565	1156	142
$1,000 to $1,249	4215	3104	433	594	84
$1,250 to $1,499	1887	1415	238	213	22
$1,500 to $1,749	1046	835	43	134	34
$1,750 to $1,999	464	379	27	55	2
$2,000 to $2,499	336	276	31	23	6
$2,500 or more	506	340	57	79	31
No expenses	572	422	9	121	20
Not reported or not computed	5874	4465	586	746	77
Median	612	612	625	605	624
Acquired 2000 and 2001 (part)	6579	4847	579	1048	106