Residential Finance Survey

Residential Finance Survey: 2001 - South
Table 7-3d. Mortgage Insurance Status, 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.
@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
50-or-more housing properties with traditional first mortgage	20086	2351	1564	1736	14435
PROPERTY CHARACTERISTICS Property Location by Geographic Area Inside MAs	18160	1808	1298	1648	13406
In central cities	10861	1094	713	1128	7926
Not in central cities	7299	713	585	520	5480
Outside MAs	1926	544	266	88	1029
Number of Housing Units 50 to 74 housing units	3987	307	436	315	2929
75 to 99 housing units	2315	412	145	204	1554
100 to 149 housing units	4521	744	291	270	3215
150 to 199 housing units	2832	309	135	168	2219
200 to 299 housing units	3552	357	409	300	2486
300 to 499 housing units	2399	165	109	448	1676
500 to 999 housing units	438	49	36	25	327
1,000 or more housing units	42	8	3	4	27
Manner of Acquisition By purchase	18005	2213	1484	1606	12703
Placed one new mortgage	14418	1830	1179	1332	10078
Placed two or more new mortgages	913	106	109	53	645
Assumed mortgage(s) already on property	1712	186	133	135	1257
Assumed mortgage(s) already on property and placed new mortgage	276	33	11	26	206
Borrowed using assets other than this property as collateral	169	20	7	26	116
Paid all cash-no borrowing	353	19	30	28	277
Other manner	163	19	14	6	125
By inheritance or gift	90	11	3	23	53
By divorce	4	4	0	0	0
By tax free exchange of other property	121	13	5	32	70
By foreclosure or assignment	185	5	3	2	175
By some other manner	621	20	15	17	569
Not reported	1060	84	54	56	865
Source of Downpayment@1 Properties purchased 1995 to 2001 (part)	8834	986	641	648	6559
Sale of stock or other partnership shares for this project	1628	118	77	163	1270
Sale of previously owned stocks, shares, or other securities	176	9	14	6	148
Sale of land or other real estate	630	43	34	81	472
Owner's cash, bank deposits, share accounts, or bonds	3868	324	224	306	3014
Borrowing from a retirement plan	17	0	0	4	13
Borrowing using assets other than this property as collateral	401	37	2	50	312
Proceeds from an insurance policy	15	0	0	0	15
From a state or local government source	95	9	14	1	71
From a non-profit organization	114	5	18	16	75
Proceeds from sale of tax credits	247	10	23	22	192
From parents or relatives	53	0	0	24	29
Other cash source	316	42	14	21	240
Non-cash source	76	9	9	3	56
No downpayment required	934	305	52	20	557
Not reported	1163	176	228	50	709
Other properties	10683	1339	896	1067	7381
Not reported	569	26	27	21	495
Year Property Acquired 1999 to 2001 (part)	4117	630	269	305	2913
1997 and 1998	3891	263	144	278	3205
1995 and 1996	2008	146	266	126	1470
1990 to 1994	2831	326	270	207	2028
1985 to 1989	2589	201	142	540	1706
1980 to 1984	2152	401	192	134	1425
1975 to 1979	1146	254	187	77	628
1970 to 1974	870	99	66	33	672
1969 or earlier	483	31	28	37	387
Building and Land Acquisition Acquired at same time	13997	1676	958	1360	10005
Not acquired at same time	4829	547	551	284	3447
Land not owned by building owner	134	6	6	18	105
Not reported	1126	123	50	75	878
Property New or Previously Owned When Acquired Acquired by purchase	18005	2213	1484	1606	12703
New	6748	1032	784	468	4464
Previously owned	11036	1160	675	1079	8122
As residential property	10044	1102	666	731	7545
Converted from nonresidential use	991	57	9	348	577
Other	103	13	3	43	45
Not reported	119	9	22	15	73
Other properties	1021	54	26	74	867
Not reported	1060	84	54	56	865
Year Structure Built 1999 to March 2000	893	321	39	44	489
1997 and 1998	1481	100	58	104	1219
1995 and 1996	865	39	200	53	573
1990 to 1994	1038	100	141	115	682
1980 to 1989	5936	738	509	474	4214
1970 to 1979	6117	746	456	819	4096
1960 to 1969	2576	207	101	96	2172
1950 to 1959	752	18	29	15	691
1940 to 1949	206	47	9	7	144
1939 or earlier	222	35	23	9	155
Purchase Price Per Housing Unit@8 Properties acquired by purchase 1997 to 2001 (part)	7027	845	376	533	5272
Less than $20,000	2464	467	80	153	1764
$20,000 to $39,999	2293	201	138	212	1741
$40,000 to $59,999	1408	98	116	69	1125
$60,000 to $79,999	611	37	30	71	474
$80,000 to $99,999	141	36	9	7	88
$100,000 to $124,999	40	2	0	3	35
$125,000 to $149,999	34	1	0	2	31
$150,000 to $174,999	21	0	4	13	4
$175,000 to $199,999	2	1	0	0	1
$200,000 to $249,999	3	0	0	2	2
$250,000 to $299,999	4	2	0	1	1
$300,000 to $499,999	0	0	0	0	0
$500,000 or more	5	0	0	0	5
Median	29156	18077	35722	30702	30020
Mean	33451	23845	38149	38359	34158
Other properties	13059	1506	1188	1202	9163
Value Less than $1,000,000	1253	361	120	158	614
$1,000,000 to $1,999,999	2554	271	275	173	1835
$2,000,000 to $2,999,999	2610	323	276	204	1806
$3,000,000 to $3,999,999	2575	320	99	153	2003
$4,000,000 to $4,999,999	1485	129	106	76	1174
$5,000,000 to $7,499,999	3982	311	194	564	2912
$7,500,000 to $9,999,999	1526	188	92	76	1171
$10,000,000 to $14,999,999	2034	216	112	192	1514
$15,000,000 to $19,999,999	785	119	52	25	590
$20,000,000 to $29,999,999	852	82	209	81	480
$30,000,000 to $39,999,999	238	12	12	14	200
$40,000,000 to $49,999,999	74	7	8	7	51
$50,000,000 or more	118	12	10	13	83
Median	4707860	3688610	4115526	5458720	4817211
Mean	6958452	6137625	7595862	7261911	6986588
Value Per Housing Unit@8 Less than $20,000	4178	664	280	353	2880
$20,000 to $39,999	8450	992	713	910	5835
$40,000 to $59,999	4368	364	314	247	3443
$60,000 to $79,999	1698	170	73	135	1320
$80,000 to $99,999	747	79	160	34	473
$100,000 to $124,999	353	58	10	16	269
$125,000 to $149,999	134	10	1	4	118
$150,000 to $174,999	38	1	1	17	19
$175,000 to $199,999	14	4	0	1	9
$200,000 to $249,999	63	0	7	8	48
$250,000 to $299,999	11	0	0	0	11
$300,000 to $499,999	27	8	0	9	10
$500,000 or more	6	0	5	0	1
Median	33882	30316	34073	31310	34866
Mean	38848	35133	40732	36421	39541
Purchase Price as Percent of Value@8 Acquired by purchase	18005	2213	1484	1606	12703
Purchased 1997 to 2001 (part)	7027	845	376	533	5272
Less than 60 percent	707	171	23	66	446
60 to 69 percent	457	38	24	13	381
70 to 79 percent	949	293	24	39	593
80 to 99 percent	2543	133	120	160	2129
100 percent or more	2371	210	184	254	1723
Median	91	77	99	98	91
Purchased 1990 to 1996 (part)	4363	432	524	306	3101
Less than 40 percent	300	23	13	18	245
40 to 59 percent	584	63	40	24	457
60 to 79 percent	913	85	77	46	705
80 to 99 percent	1081	127	54	110	790
100 percent or more	1475	135	339	99	902
Median	87	87	2353	91	84
Purchased 1989 or earlier	6615	936	583	767	4329
Less than 20 percent	151	20	16	14	102
20 to 39 percent	563	19	59	102	383
40 to 59 percent	1215	120	110	378	607
60 to 79 percent	939	143	93	55	648
80 to 99 percent	1364	136	90	84	1054
100 percent or more	2376	498	214	131	1533
Median	86	475	83	54	88
Not acquired by purchase	2081	138	81	130	1732
Value of Capital Improvements Properties with capital improvements between 1998 and 2000	13499	1353	1143	1298	9706
Less than $50,000	2961	384	342	292	1943
$50,000 to $99,999	1900	234	108	160	1398
$100,000 to $249,999	4492	394	431	244	3422
$250,000 to $499,999	1866	175	114	159	1418
$500,000 to $749,999	1148	81	75	381	611
$750,000 to $999,999	312	29	16	21	246
$1,000,000 to $1,499,999	329	19	15	15	280
$1,500,000 to $1,999,999	132	11	9	6	106
$2,000,000 to $2,999,999	130	8	10	10	102
$3,000,000 or more	231	17	23	11	180
Median	163104	122098	142235	221286	166314
Mean	393188	271006	359971	510096	398494
Properties with no capital improvements between 1998 and 2000	2986	557	146	208	2076
Capital improvements not reported	3601	442	276	231	2653
Value of Capital Improvements Per Unit Properties with capital improvements between 1998 and 2000	13499	1353	1143	1298	9706
Less than $500	3896	477	313	351	2755
$500 to $999	2879	334	421	209	1915
$1,000 to $2,499	4635	331	290	620	3394
$2,500 to $4,999	1249	157	71	71	950
$5,000 to $7,499	348	23	12	27	287
$7,500 to $9,999	164	11	4	5	144
$10,000 to $14,999	106	8	13	5	79
$15,000 to $19,999	54	3	0	0	51
$20,000 to $29,999	53	2	9	3	40
$30,000 or more	115	7	10	7	91
Median	996	798	807	1214	1081
Mean	2239	1537	2393	2024	2347
Properties with no capital improvements between 1998 and 2000	2986	557	146	208	2076
Capital improvements not reported	3601	442	276	231	2653
Monthly Rental Receipts Per Housing Unit Acquired before 2000	17660	1948	1417	1553	12742
Less than $100	719	116	56	140	407
$100 to $199	911	28	46	24	813
$200 to $299	1233	140	220	62	811
$300 to $399	2931	227	270	563	1871
$400 to $499	3562	543	225	239	2555
$500 to $599	3045	365	160	239	2281
$600 to $799	1852	184	289	92	1288
$800 to $999	2135	248	114	129	1645
$1000 or more	1240	95	35	65	1045
No rental receipts	33	4	1	0	27
Median	485	485	451	398	496
Mean	570	733	507	481	563
Acquired 2000 and 2001 (part)	2426	403	147	183	1693
Rental Receipts as Percent of Value@8 Acquired before 2000	17660	1948	1417	1553	12742
Less than 5 percent	394	41	7	27	320
5 to 9 percent	814	85	85	57	587
10 to 14 percent	4922	585	567	436	3333
15 to 19 percent	4526	431	345	329	3420
20 to 24 percent	3292	441	195	501	2155
25 to 29 percent	1838	141	83	88	1526
30 to 39 percent	1005	111	106	68	719
40 percent or more	841	109	27	47	658
Median	18	18	16	19	18
Acquired 2000 and 2001 (part)	2426	403	147	183	1693
Rental Vacancy Losses as Percent of Potential Receipts Acquired before 2000	17660	1948	1417	1553	12742
Less than 1.0 percent	1745	228	166	112	1239
1.0 to 2.9 percent	2261	266	228	157	1611
3.0 to 4.9 percent	2479	349	178	133	1820
5.0 to 6.9 percent	1950	226	128	165	1431
7.0 to 8.9 percent	1796	116	126	117	1437
9.0 to 10.9 percent	956	105	39	98	714
11.0 to 12.9 percent	650	48	191	39	372
13.0 to 14.9 percent	373	36	33	29	276
15.0 percent or more	2054	154	43	457	1400
Not reported or not computed	3395	421	285	246	2443
Median	5.7	4.5	4.9	8.5	5.7
Acquired 2000 and 2001 (part)	2426	403	147	183	1693
Age Restrictions Property restricted to people age 55 or older	2548	288	229	134	1897
Property not restricted to people age 55 or older	16542	1983	1247	1554	11757
Not reported	996	80	88	47	781
Age Composition Over one-half the residents of the building age 55 or older	991	362	74	29	526
Over one-half the residents of the building not age 55 or older	15035	1553	1180	1435	10866
Not reported	4060	436	310	271	3043
Meal Service Provided by Properties Exclusively or Predominantly Occupied by People Age 55 or Older Property provides meal service	1469	176	81	81	1131
Charge included in rent	791	115	50	54	573
Charge not included in rent	153	21	17	11	103
Not reported	524	40	13	16	455
Property does not provide meal service	2011	462	213	150	1185
Not reported	16607	1713	1271	1505	12119
Type of Property Benefits@1 Government-sponsored below-market interest rate mortgage loan	1448	226	267	93	863
Government rental subsidy	4155	664	393	279	2819
Government grant	181	20	11	36	113
Property tax relief	417	43	34	19	321
Federal income tax credit for low-income, old or historic properties	985	83	137	111	653
Accelerated federal income tax depreciation for low- and moderate-income properties	95	35	19	2	39
Subsidy from a non-profit corporation	187	12	13	9	153
None of the above benefits	12462	1319	781	1186	9176
Not reported	2013	159	220	131	1503
Source of Property Benefits@1 With property benefits	5611	873	563	418	3756
Federal government	4698	820	509	325	3045
State government	464	72	36	23	332
Local government	702	24	22	78	578
Non-profit corporation	187	12	13	9	153
Not reported	94	20	11	10	53
With no property benefits	12462	1319	781	1186	9176
Not reported	2013	159	220	131	1503
Reason for Benefits@1 With property benefits	5611	873	563	418	3756
Occupied by low- or moderate-income individuals	4840	729	459	397	3256
Occupied by elderly or disabled individuals	2077	346	176	106	1448
A historic structure	70	9	17	2	41
Located in a community development or economic development area	172	49	11	5	107
Covered by a Homestead Exemption	29	0	0	3	26
Covered by a Community Land Trust	0	0	0	0	0
Covered by disaster relief	5	0	0	0	5
Other reason	130	33	0	3	94
Not reported	161	45	16	0	99
With no property benefits	12462	1319	781	1186	9176
Not reported	2013	159	220	131	1503
Section 8 Rental Housing Certificates and Vouchers Property did or does have tenants receiving Section 8 assistance	6602	864	833	435	4471
Property has never had tenants receiving Section 8 assistance	11678	1313	646	1163	8556
Not reported	1806	174	86	138	1408
OWNER CHARACTERISTICS Type of Owner Individual investor(s)	1904	190	73	180	1461
Limited partnership	10922	1543	1126	739	7514
Joint venture	276	18	19	7	232
General partnership	972	111	69	92	700
Life insurance company	45	3	0	7	35
Depository institution	5	0	0	0	5
Public real estate investment trust	527	50	26	53	398
Private real estate investment trust	98	0	0	0	98
Corporation - other than real estate investment trust	3423	245	163	551	2464
Housing cooperative organization	434	44	0	1	390
Non-profit or church-related institution	1119	122	55	75	866
Pension fund	23	3	1	1	18
Fraternal organization	0	0	0	0	0
Other	337	23	31	31	253
MORTGAGE CHARACTERISTICS Number of Mortgages 1 mortgage	17879	2108	1396	1580	12795
2 mortgages	1839	206	137	117	1380
3 or more mortgages	368	37	31	39	260
Form of Debt of First Mortgage Mortgage or deed of trust	20086	2351	1564	1736	14435
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	33	2	0	5	26
By telephone or FAX	2673	447	145	169	1912
By regular mail	2228	211	337	133	1546
By personal visit	6065	670	398	545	4451
Through third party (such as real estate agent or builder)	4570	413	334	564	3258
Some other way	1068	149	40	52	827
Not reported	2350	318	233	153	1646
Not available	1098	140	76	114	769
Origin of First Mortgage Mortgage made at time property acquired	12408	1746	1012	1274	8377
Mortgage assumed at the time property acquired	2111	185	127	168	1631
Mortgage placed later than acquisition of property	5567	421	425	294	4427
Refinanced mortgage	5141	393	255	260	4233
Same lender	1063	90	59	34	881
Different lender	4078	303	196	226	3352
Mortgage placed on property owned free and clear of debt	426	27	170	34	195
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	5567	421	425	294	4427
Obtain lower interest rate	2182	158	116	152	1757
Increase payment period for mortgage	292	12	19	4	257
Reduce payment period for mortgage	13	4	0	0	9
Renew or extend loan that had fallen due, without increasing outstanding balance	519	35	22	31	432
Receive cash or increase outstanding balance of loan	1556	119	222	62	1152
Other reason	623	67	27	32	498
Not reported	382	27	19	14	322
Other properties	14519	1931	1139	1442	10008
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	2220	132	249	135	1705
Less than $1,000,000	1095	71	36	61	927
$1,000,000 to $1,999,999	436	34	25	10	367
$2,000,000 to $2,999,999	202	9	10	24	159
$3,000,000 to $3,999,999	65	4	10	3	48
$4,000,000 to $4,999,999	80	3	8	7	61
$5,000,000 to $7,499,999	42	1	6	12	23
$7,500,000 to $9,999,999	68	7	4	1	56
$10,000,000 to $14,999,999	182	2	145	9	26
$15,000,000 to $19,999,999	16	0	3	9	4
$20,000,000 to $29,999,999	10	1	0	0	9
$30,000,000 to $39,999,999	1	0	0	0	1
$40,000,000 to $49,999,999	2	0	0	0	2
$50,000,000 or more	22	0	0	0	22
Not reported	0	0	0	0	0
Median	1035123	932989	10832457	1624683	919538
Mean	3596759	1800591	7443502	3371425	3192856
Properties that refinanced and did not receive cash back	2555	214	141	138	2063
Properties that refinanced and did not report if received cash back	791	75	36	20	660
Properties that did not refinance	14519	1931	1139	1442	10008
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	2220	132	249	135	1705
For additions, improvements or repairs to this property	1362	103	193	66	1000
To consolidate debts	156	4	4	8	140
For investment in other real estate	824	38	55	52	678
For other types of investments	222	11	14	12	184
For educational or medical expenses	7	0	0	0	7
To start a business	5	2	3	0	0
To settle a divorce	0	0	0	0	0
To pay taxes	33	0	0	8	25
To purchase an automobile, truck, or other vehicle	1	0	0	0	1
To purchase consumer product other than automobile, truck, or other vehicle	5	0	0	2	3
Other	352	12	28	21	291
Not reported	73	0	0	0	73
Properties that refinanced and did not receive cash back	2555	214	141	138	2063
Properties that refinanced and did not report if received cash back	791	75	36	20	660
Properties that did not refinance	14519	1931	1139	1442	10008
Not available	0	0	0	0	0
Purpose of Second Mortgage Properties with second mortgage	2059	229	148	145	1537
Provide funds for the purchase of this property	501	84	17	43	357
Provide funds for additions, improvements or repairs to this property	932	115	58	55	704
Provide funds for consolidation of debts	54	0	12	10	32
Provide funds for investment in other real estate	70	1	6	0	63
Provide funds for other types of investments	47	1	8	0	37
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	1	0	0	0	1
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	229	19	25	12	173
Not reported	223	8	21	26	169
Other properties	18027	2122	1416	1591	12898
Purpose of Line of Credit Properties with second mortgage or line of credit	189	16	20	11	142
Provide funds for additions, improvements or repairs to this property	48	1	8	0	39
Provide funds for consolidation of debts	27	1	0	0	26
Provide funds for investment in other real estate	18	0	0	0	18
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	17	6	0	6	6
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	17	6	2	5	4
Not reported	62	2	9	0	51
Other properties	19897	2335	1544	1725	14293
Year First Mortgage Made or Assumed 1999 to 2001 (part)	6467	783	540	433	4711
1997 and 1998	5134	376	224	338	4196
1995 and 1996	2219	220	114	138	1747
1990 to 1994	2379	267	253	174	1686
1985 to 1989	1359	105	121	455	677
1980 to 1984	1235	365	148	101	620
1979 or earlier	1292	234	163	97	798
Traditional First Mortgage Loan Less than $500,000	1152	310	84	152	607
$500,000 to $999,999	1504	76	182	83	1164
$1,000,000 to $1,499,999	1994	166	340	159	1329
$1,500,000 to $1,999,999	1835	294	82	122	1337
$2,000,000 to $2,499,999	1797	232	73	99	1393
$2,500,000 to $2,999,999	1562	117	52	112	1281
$3,000,000 to $3,999,999	2366	265	94	483	1524
$4,000,000 to $4,999,999	1728	173	110	116	1329
$5,000,000 to $7,499,999	2140	250	137	153	1600
$7,500,000 to $9,999,999	1158	84	63	63	949
$10,000,000 to $12,499,999	898	80	208	53	557
$12,500,000 to $14,999,999	424	35	41	27	321
$15,000,000 to $19,999,999	450	61	42	40	307
$20,000,000 or more	427	53	32	21	321
Not reported	651	155	24	54	418
Median	2959356	2583851	2585409	3237862	2960346
Mean	4596921	4303576	5051765	4222130	4637878
Total Mortgage Loan Less than $500,000	1094	310	84	149	551
$500,000 to $999,999	1405	69	142	78	1116
$1,000,000 to $1,499,999	1916	142	337	156	1280
$1,500,000 to $1,999,999	1770	269	87	114	1301
$2,000,000 to $2,499,999	1789	235	74	80	1400
$2,500,000 to $2,999,999	1577	128	78	109	1263
$3,000,000 to $3,999,999	2393	279	84	478	1552
$4,000,000 to $4,999,999	1402	157	99	140	1006
$5,000,000 to $7,499,999	2558	281	155	166	1956
$7,500,000 to $9,999,999	1192	86	52	61	992
$10,000,000 to $12,499,999	916	83	213	59	562
$12,500,000 to $14,999,999	457	30	49	28	351
$15,000,000 to $19,999,999	477	69	49	38	321
$20,000,000 or more	491	59	38	27	367
Not reported	651	155	24	54	418
Median	3069938	2785913	2799197	3325268	3063068
Mean	4877939	4523402	5358174	4409772	4936899
Traditional First Mortgage Outstanding Debt Less than $500,000	1936	369	152	200	1215
$500,000 to $999,999	1888	209	220	137	1323
$1,000,000 to $1,499,999	2145	261	302	132	1451
$1,500,000 to $1,999,999	1745	171	78	141	1355
$2,000,000 to $2,499,999	2074	189	49	95	1741
$2,500,000 to $2,999,999	1365	133	58	108	1066
$3,000,000 to $3,999,999	2235	238	114	454	1430
$4,000,000 to $4,999,999	1153	155	82	95	822
$5,000,000 to $7,499,999	1994	208	129	140	1517
$7,500,000 to $9,999,999	1003	65	70	74	794
$10,000,000 to $12,499,999	792	59	200	33	500
$12,500,000 to $14,999,999	393	59	32	24	278
$15,000,000 to $19,999,999	410	57	28	40	285
$20,000,000 or more	309	25	31	11	242
Not reported	643	155	19	54	415
Median	2483700	2233983	2200887	3066035	2478282
Mean	4091597	3729033	4607875	3707366	4137599
Total Mortgage Outstanding Debt Less than $500,000	1846	359	150	189	1148
$500,000 to $999,999	1724	170	189	129	1237
$1,000,000 to $1,499,999	2116	252	294	140	1431
$1,500,000 to $1,999,999	1746	179	80	116	1371
$2,000,000 to $2,499,999	2067	221	79	94	1673
$2,500,000 to $2,999,999	1092	134	58	99	801
$3,000,000 to $3,999,999	2519	219	91	452	1757
$4,000,000 to $4,999,999	1259	155	105	117	881
$5,000,000 to $7,499,999	1993	234	126	158	1475
$7,500,000 to $9,999,999	1059	64	61	78	856
$10,000,000 to $12,499,999	809	59	203	29	519
$12,500,000 to $14,999,999	420	56	41	25	298
$15,000,000 to $19,999,999	466	68	34	40	325
$20,000,000 or more	343	28	38	15	262
Not reported	627	155	16	54	403
Median	2605391	2313984	2387937	3162731	2598143
Mean	4206606	3676576	4836467	3763440	4277978
Current Interest Rate on First Mortgage Less than 6.0 percent	7619	206	548	1088	5778
6.0 percent	123	29	1	47	47
6.1 to 6.4 percent	253	71	9	0	173
6.5 to 6.9 percent	813	343	57	4	408
7.0 percent	2055	49	93	168	1745
7.1 to 7.4 percent	597	150	68	29	351
7.5 to 7.9 percent	1472	434	73	20	946
8.0 percent	368	43	55	0	271
8.1 to 8.4 percent	774	161	89	10	514
8.5 to 8.9 percent	597	66	65	4	461
9.0 percent	628	65	30	3	530
9.1 to 9.4 percent	304	68	7	4	225
9.5 to 9.9 percent	242	47	33	13	149
10.0 percent	115	0	7	0	108
10.1 to 10.4 percent	96	60	0	0	36
10.5 to 10.9 percent	212	74	120	0	18
11.0 percent	117	5	7	13	92
11.1 to 12.9 percent	234	192	30	0	11
13.0 percent	51	2	3	0	46
13.1 percent or more	3416	285	270	334	2527
Not reported	0	0	0	0	0
Median	7.1	7.9	7.5	4.8	7.0
Type of Interest Rate Buydown Properties with interest rate buydown	80	58	0	0	22
Constant payment	17	0	0	0	17
3-2-1 buydown	0	0	0	0	0
Other	4	0	0	0	4
Not reported	59	58	0	0	1
Properties without interest rate buydown	5625	697	658	142	4127
Not reported	14381	1596	906	1593	10286
Term of First Mortgage Less than 5 years	222	4	8	7	204
5 years	263	4	10	3	246
6 to 9 years	219	0	9	5	204
10 years	1708	20	83	8	1596
11 to 14 years	124	0	5	6	113
15 years	520	45	9	32	434
16 to 19 years	400	1	3	0	396
20 years	329	0	10	14	304
21 to 24 years	50	8	7	0	35
25 years	209	4	5	5	196
26 to 29 years	89	9	5	0	75
30 years	2752	2198	74	50	429
More than 30 years	891	57	463	14	357
No stated term	12310	0	873	1591	9846
Median	25	30	48	21	13
Unexpired Term of First Mortgage Less than 5 years	848	61	37	21	729
5 to 9 years	2404	329	75	14	1986
10 to 14 years	1170	335	74	44	717
15 to 19 years	559	78	42	62	377
20 to 24 years	709	331	45	0	333
25 to 29 years	1561	1096	102	0	363
30 or more years	535	121	317	3	94
No stated term or not computed	12300	0	873	1591	9836
Median	13	25	29	14	9
Holder of First Mortgage Commercial bank or trust company	3452	315	151	266	2720
Savings and loan association, federal savings bank	1842	152	105	127	1458
Mutual savings bank	161	3	14	16	129
Life insurance company	938	58	19	63	797
Mortgage banker or mortgage company	147	50	2	0	94
Federally-sponsored secondary market agency or pool	8498	1095	654	561	6187
Conventional mortgage pool	212	65	4	0	143
Other federal agency	1297	151	455	110	581
Real estate investment trust	61	0	0	0	61
Pension or retirement fund	176	72	9	1	94
Credit union	718	82	13	386	238
Finance company	324	21	35	28	240
State or municipal government or housing finance agency	1169	183	70	82	834
Individual or individual's estate	393	14	13	57	310
Other	700	90	21	38	551
Servicer of First Mortgage Commercial bank or trust company	3471	231	169	224	2847
Savings and loan association, federal savings bank	1834	145	107	127	1455
Mutual savings bank	158	3	14	16	126
Life insurance company	608	43	13	54	497
Mortgage banker or mortgage company	9484	1509	668	613	6694
Federally-sponsored secondary market agency or pool	6	0	3	0	3
Conventional mortgage pool	69	2	4	0	64
Other federal agency	1152	54	454	110	535
Real estate investment trust	12	0	0	0	12
Pension or retirement fund	14	0	0	6	7
Credit union	718	82	13	386	238
Finance company	331	21	35	28	246
State or municipal government or housing finance agency	1149	181	51	82	835
Individual or individual's estate	351	14	12	51	274
Other	729	66	22	38	602
Holder's Acquisition of First Mortgage Originated directly from borrower	10384	997	474	1112	7801
Purchased from present servicer	5244	489	724	334	3698
Purchased from someone else	4458	865	366	290	2937
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	12838	1818	1072	1327	8621
Less than 40 percent	563	29	103	63	369
40 to 49 percent	382	44	103	19	216
50 to 59 percent	660	107	62	57	434
60 to 69 percent	1277	161	78	87	951
70 to 79 percent	1807	153	129	66	1460
80 to 89 percent	1960	192	94	329	1346
90 to 94 percent	694	79	48	59	509
95 to 99 percent	680	167	51	38	424
100 percent or more	4310	758	387	571	2594
Not reported	505	128	19	38	320
Median	88	97	86	92	85
Other properties	7248	534	492	409	5814
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	12838	1818	1072	1327	8621
Less than 40 percent	379	14	73	63	229
40 to 49 percent	271	22	25	22	203
50 to 59 percent	390	35	21	14	320
60 to 69 percent	3455	638	428	158	2232
70 to 79 percent	2095	178	121	81	1715
80 to 89 percent	1724	145	73	329	1177
90 to 94 percent	633	78	61	46	448
95 to 99 percent	437	61	96	39	241
100 percent or more	2953	519	156	537	1742
Not reported	500	128	19	38	315
Median	78	78	70	89	77
Other properties	7248	534	492	409	5814
Not available	0	0	0	0	0
First Mortgage Risk Subprime loan	1617	68	35	81	1433
Not subprime loan	18469	2283	1529	1655	13002
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	12838	1818	1072	1327	8621
Less than 40 percent	366	21	66	34	245
40 to 49 percent	342	43	102	27	169
50 to 59 percent	600	74	64	54	407
60 to 69 percent	1159	152	65	77	865
70 to 79 percent	1775	155	114	66	1440
80 to 89 percent	1938	180	126	328	1304
90 to 94 percent	720	80	57	83	501
95 to 99 percent	686	157	49	38	443
100 percent or more	4746	826	412	581	2927
Not reported	505	128	19	38	320
Median	90	99	89	93	88
Other properties	7248	534	492	409	5814
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	12838	1818	1072	1327	8621
Less than 40 percent	897	70	178	87	562
40 to 49 percent	870	143	97	51	578
50 to 59 percent	1715	156	94	435	1030
60 to 69 percent	2028	194	97	137	1600
70 to 79 percent	2345	458	113	232	1542
80 to 89 percent	1630	209	112	187	1122
90 to 94 percent	557	86	70	27	374
95 to 99 percent	456	81	15	14	346
100 percent or more	1840	291	277	119	1153
Not reported	500	128	19	38	315
Median	73	76	75	65	72
Other properties	7248	534	492	409	5814
Not available	0	0	0	0	0
Total Outstanding Debt as a Percent of Value Less than 20 percent	967	86	69	76	735
20 to 29 percent	888	73	111	67	638
30 to 39 percent	1298	137	149	87	925
40 to 49 percent	2192	230	73	171	1719
50 to 59 percent	3711	297	324	609	2481
60 to 69 percent	3343	503	159	213	2469
70 to 79 percent	2778	310	193	181	2094
80 to 89 percent	1667	237	131	152	1147
90 to 99 percent	1220	131	125	42	922
100 percent or more	1395	193	215	85	903
Not reported or not computed	627	155	16	54	403
Median	62	65	63	57	62
Index Used to Adjust Interest Rate on ARM Properties with adjustable rate first mortgage	2640	176	141	227	2096
Treasury security	151	0	0	0	151
Average cost of funds in bank district	217	0	0	47	170
National average cost of funds	8	0	0	0	8
OTS contract mortgage rate	0	0	0	0	0
Other method	400	1	20	1	377
No index used	42	0	4	0	39
Not reported	1822	175	117	179	1352
Other properties	17446	2176	1423	1509	12339
Not reported	0	0	0	0	0
Frequency With Which Rate Can Be Adjusted Properties with adjustable rate first mortgage	2640	176	141	227	2096
Monthly	221	0	9	1	211
Every 3 months	8	0	0	0	8
Every 6 months	145	0	0	47	98
Yearly	142	0	7	0	136
Every 3 years	58	0	0	0	58
Every 5 years	150	0	0	0	150
Other	81	1	13	0	67
Not reported	1834	175	112	179	1368
Other properties	17446	2176	1423	1509	12339
Not reported	0	0	0	0	0
Caps on Interest Rate Per Adjustment Period Properties with adjustable rate first mortgage	2640	176	141	227	2096
Less than 1 percent	6	0	0	1	5
1 percent	0	0	0	0	0
1.1 to 1.9 percent	47	0	0	0	47
2 percent	45	0	0	0	45
2.1 to 2.9 percent	82	0	0	0	82
3 percent	0	0	0	0	0
3.1 to 3.9 percent	47	0	0	47	0
4.0 percent or more	6	0	0	0	6
No caps	585	1	23	0	561
Not reported	1822	175	117	179	1350
Other properties	17446	2176	1423	1509	12339
Not reported	0	0	0	0	0
Caps on Interest Rate Over Life of ARM Properties with adjustable rate first mortgage	2640	176	141	227	2096
Less than 1 percent	1	0	0	1	0
1 percent	0	0	0	0	0
1.1 to 1.9 percent	5	0	0	0	5
2 percent	1	0	0	0	1
2.1 to 2.9 percent	3	0	0	0	3
3 percent	5	0	0	0	5
3.1 to 3.9 percent	5	0	0	0	5
4.0 percent or more	215	0	0	0	215
No caps	581	1	23	47	510
Not reported	1824	175	117	179	1353
Other properties	17446	2176	1423	1509	12339
Not reported	0	0	0	0	0
Interest Rate Changed Since Mortgage Made Properties with adjustable rate first mortgage	2640	176	141	227	2096
Yes, rate has changed	533	1	23	48	461
No change since mortgage made	297	0	0	0	297
Not reported	1809	175	117	179	1338
Other properties	17446	2176	1423	1509	12339
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	132	0	8	0	123
Payments can change monthly	9	0	2	0	7
Payments can change every three months	1	0	0	0	1
Payments can change every six months	6	0	0	0	6
Payments can change yearly	26	0	7	0	20
Payments can change every 3 years	38	0	0	0	38
Payments can change every 5 years	39	0	0	0	39
Other	13	0	0	0	13
Not reported	0	0	0	0	0
Monthly payments cannot change	18056	2176	1433	1557	12891
Not reported	1899	176	123	179	1421
First Mortgage Allows for Negative Amortization Monthly payments can change (other than change in interest rate)	132	0	8	0	123
Yes, unrestricted negative amortization	0	0	0	0	0
Yes, restricted negative amortization	0	0	0	0	0
No negative amortization allowed	132	0	8	0	123
Not reported	0	0	0	0	0
Monthly payments cannot change	18056	2176	1433	1557	12891
Not reported	1899	176	123	179	1421
MORTGAGE PAYMENTS AND OTHER EXPENSES Method of Payment of First Mortgage Regular payments of interest and/or principal	18756	2135	1501	1659	13461
Interest and principal	18581	2135	1469	1658	13319
Fully amortized	14354	1949	822	1587	9997
Not fully amortized	4227	186	647	71	3323
Interest only	174	0	32	1	141
No regular payments required	167	5	2	1	159
Not reported	1164	212	61	75	816
Items Included in First Mortgage Payment@1 Regular monthly payments of both interest and principal	18581	2135	1469	1658	13319
Real estate taxes	4138	929	192	88	2928
Property insurance	3505	913	181	63	2348
Mortgage insurance	1288	876	70	74	268
Other	2708	795	169	63	1682
No items included or not reported	14326	1167	1271	1570	10317
No regular payments of interest and principal	1505	217	95	77	1116
Monthly Interest and Principal Payments on First Mortgage Per Housing Unit Regular monthly payments of interest and/or principal	19919	2346	1562	1735	14276
Less than $100	4117	522	436	605	2554
$100 to $199	6135	846	374	468	4447
$200 to $299	5031	413	329	349	3940
$300 to $399	1997	228	274	130	1365
$400 to $499	801	66	59	74	601
$500 to $599	189	28	5	9	147
$600 to $699	81	16	2	4	60
$700 to $799	86	4	6	12	64
$800 to $899	58	0	0	0	58
$900 to $999	22	1	0	0	21
$1,000 to $1,249	33	1	3	7	22
$1,250 to $1,499	40	0	0	0	40
$1,500 or more	165	8	13	2	142
Not reported	1164	212	61	75	816
Median	186	164	184	148	194
Mean	230	189	225	174	244
No regular payments required	167	5	2	1	159
Current First Mortgage Payment Status Regular monthly payments of principal and/or interest	19919	2346	1562	1735	14276
Up-to-date, ahead of schedule, or less than 90 days past due	5943	916	697	142	4188
Delinquent by 90 days or more	56	5	0	0	51
Legal proceedings have begun	9	0	0	0	9
Legal proceedings have not begun	47	5	0	0	42
Not reported	0	0	0	0	0
Not reported	13920	1425	865	1592	10037
Other properties	167	5	2	1	159
Monthly Interest and Principal Payments on Total Mortgages Per Housing Unit Regular monthly payments of interest and/or principal	19919	2346	1562	1735	14276
Less than $100	5072	696	449	673	3254
$100 to $199	6126	870	392	473	4391
$200 to $299	4795	411	355	344	3685
$300 to $399	2329	230	275	137	1687
$400 to $499	838	69	62	74	634
$500 to $599	226	32	3	9	181
$600 to $699	110	19	2	4	86
$700 to $799	88	4	8	12	64
$800 to $899	61	0	0	0	61
$900 to $999	24	1	1	0	22
$1,000 to $1,249	34	1	3	7	23
$1,250 to $1,499	40	0	0	0	40
$1,500 or more	177	14	13	2	149
Not reported	0	0	0	0	0
Median	180	155	185	141	188
Mean	225	183	221	168	239
No regular payments required	167	5	2	1	159
Interest and Principal Payment on First Mortgage as Percent of Rental Receipts Acquired before 2000 and regular payments of interest and/or princi	16538	1742	1355	1483	11958
Less than 20 percent	2019	188	262	452	1116
20 to 29 percent	3316	288	227	120	2680
30 to 39 percent	3924	471	210	288	2956
40 to 49 percent	2920	326	171	245	2178
50 to 59 percent	1965	256	237	183	1290
60 to 69 percent	969	78	90	120	681
70 to 79 percent	389	43	51	26	268
80 to 89 percent	182	18	40	3	121
90 to 99 percent	127	10	9	26	83
100 percent or more	699	61	57	18	563
Not reported or not computed	27	4	1	0	22
Median	37	38	39	36	37
Other properties	3549	609	209	253	2477
Interest and Principal Payment on Total Mortgages as Percent of Rental Receipts Acquired before 2000 and regular payments of interest and/or principal	16543	1743	1356	1483	11961
Less than 20 percent	1860	147	256	445	1012
20 to 29 percent	3249	313	190	118	2628
30 to 39 percent	3616	469	206	294	2646
40 to 49 percent	3248	321	181	246	2500
50 to 59 percent	1968	257	244	183	1284
60 to 69 percent	1034	77	116	121	720
70 to 79 percent	458	56	55	26	320
80 to 89 percent	181	17	40	3	119
90 to 99 percent	166	8	9	27	122
100 percent or more	736	73	57	19	587
Not reported or not computed	27	4	1	0	22
Median	39	39	41	36	39
Other properties	3543	608	208	253	2474
Real Estate Tax Per Housing Unit Acquired before 2000	17660	1948	1417	1553	12742
Less than $100	2199	196	71	234	1698
$100 to $199	1882	232	191	54	1406
$200 to $299	2798	394	184	532	1688
$300 to $399	2707	232	250	170	2056
$400 to $499	1791	172	135	164	1320
$500 to $599	1679	181	126	102	1270
$600 to $699	1112	141	128	92	751
$700 to $799	1061	91	185	44	741
$800 to $899	605	25	39	35	505
$900 to $999	383	36	29	21	298
$1,000 to $1,249	684	79	36	56	513
$1,250 to $1,499	260	20	20	16	204
$1,500 to $1,999	153	12	11	15	116
$2,000 to $2,499	46	0	1	3	42
$2,500 or more	29	6	5	2	16
Not reported	270	133	8	13	116
Median	367	337	407	291	374
Mean	441	423	501	387	444
Acquired 2000 and 2001 (part)	2426	403	147	183	1693
Real Estate Tax Per $1,000 Value Acquired before 2000	17660	1948	1417	1553	12742
Less than $5	2242	186	78	144	1834
$5 to $9	3375	506	250	255	2365
$10 to $14	5386	536	513	690	3648
$15 to $19	2997	300	209	240	2249
$20 to $24	1418	109	146	97	1066
$25 to $29	777	94	81	31	571
$30 to $39	1181	84	127	80	890
$40 to $49	0	0	0	0	0
$50 to $59	4	0	0	0	4
$60 or more	9	1	5	3	0
Not reported or not computed	270	133	8	13	116
Median	13	12	14	13	13
Acquired 2000 and 2001 (part)	2426	403	147	183	1693
Real Estate Tax as Percent of Rental Receipts Acquired before 2000	17660	1948	1417	1553	12742
Less than 5 percent	4368	569	181	219	3398
5 to 9 percent	8385	866	744	929	5845
10 to 14 percent	3604	301	328	337	2639
15 to 19 percent	522	36	67	31	388
20 to 24 percent	189	6	79	3	101
25 to 29 percent	44	0	1	3	40
30 to 34 percent	17	1	2	0	14
35 to 39 percent	27	0	0	0	27
40 percent or more	205	31	6	17	151
Not reported or not computed	299	137	9	13	140
Median	8	7	9	8	7
Acquired 2000 and 2001 (part)	2426	403	147	183	1693
Property Management Property managed by paid property management company	17415	1892	1377	1503	12643
Property not managed by paid property management company	1410	358	97	118	838
Not reported	1261	102	90	115	954
Property Management and Administration Expenses Per Housing Unit Acquired before 2000	17660	1948	1417	1553	12742
Less than $100	560	10	11	45	494
$100 to $199	871	70	41	55	705
$200 to $299	1854	166	142	144	1402
$300 to $399	2605	167	342	518	1579
$400 to $499	1557	198	160	88	1111
$500 to $599	852	96	50	47	659
$600 to $699	608	71	77	41	418
$700 to $799	914	121	114	73	606
$800 to $899	564	72	76	43	373
$900 to $999	510	118	13	21	358
$1,000 to $1,249	1284	222	93	56	913
$1,250 to $1,499	995	134	37	138	687
$1,500 to $1,999	745	42	57	27	618
$2,000 to $2,499	140	30	10	8	92
$2,500 or more	593	28	4	10	551
No expenses	707	54	38	75	539
Not reported or not computed	2300	350	151	161	1639
Median	492	692	448	380	499
Acquired 2000 and 2001 (part)	2426	403	147	183	1693
Maintenance and Repair Expenses Per Housing Unit Acquired before 2000	17660	1948	1417	1553	12742
Less than $100	996	52	160	101	684
$100 to $199	713	35	31	36	612
$200 to $299	1086	124	94	88	781
$300 to $399	1165	79	150	111	825
$400 to $499	1404	109	66	100	1129
$500 to $599	1186	135	142	87	821
$600 to $699	1666	167	141	416	942
$700 to $799	961	149	43	66	703
$800 to $899	864	98	106	75	585
$900 to $999	703	93	47	36	527
$1,000 to $1,249	2109	215	127	91	1676
$1,250 to $1,499	860	134	109	59	559
$1,500 to $1,999	802	138	42	56	567
$2,000 to $2,499	268	47	10	22	188
$2,500 or more	284	35	13	15	220
No expenses	155	13	9	2	132
Not reported or not computed	2437	326	127	192	1792
Median	659	770	599	638	659
Acquired 2000 and 2001 (part)	2426	403	147	183	1693
Utility and Fuel Expenses Per Housing Unit Acquired before 2000	17660	1948	1417	1553	12742
Less than $250	2162	177	137	114	1734
$250 to $499	5437	657	668	413	3698
$500 to $749	3667	395	266	231	2775
$750 to $999	2329	236	109	421	1563
$1,000 to $1,249	762	65	42	60	595
$1,250 to $1,499	379	45	30	6	297
$1,500 to $1,749	246	36	7	21	181
$1,750 to $1,999	127	6	5	4	112
$2,000 to $2,499	42	10	6	8	18
$2,500 or more	76	9	7	8	53
No expenses	143	8	1	79	54
Not reported or not computed	2291	304	138	188	1661
Median	501	494	438	626	507
Acquired 2000 and 2001 (part)	2426	403	147	183	1693