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Residential Finance Survey: 2001 - United States
Table 7-4. Holder 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.
Value Per Housing Unit, Rental Receipts as Percent of Value, Rental Vacancy Losses as Percent of Potential Receipts, Monthly Rental Receipts Per Housing Unit, 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 the units in rental market during all of the year preceding survey and cooperatively owned properties^^

Holder of First Mortgage
Total Commercial
bank or
trust
company
Savings and
loan
association
Mutual
savings
bank
Life
insurance
company
Mortgage
banker or
mortgage
company
Federally-
sponsored
agency or
mortgage
pool
Conventional
mortgage
pool
Other
federal
agency
Real estate
investment
trust (REIT)
Pension
fund
or
retirement
fund
Credit
union
Finance
company
State or
municipal
government
or housing
finance
agency
Individual
or
individual's
estate
Other

50-or-more housing-unit
properties with a traditional
first mortgage
61105 10924 6694 964 2892 579 23583 541 3646 911 567 1522 750 4262 1287 1984

PROPERTY CHARACTERISTICS


Property Location by Geographic Area

Inside MAs
56593 10037 6299 915 2772 559 22132 514 2936 875 470 1443 690 3914 1232 1804
In central cities 31475 5782 3558 559 1364 358 11502 320 1616 644 198 992 457 2348 832 946
Not in central cities 25118 4255 2741 356 1408 201 10630 193 1321 231 272 451 233 1566 400 858
Outside MAs 4513 887 395 49 120 20 1451 27 710 36 97 79 60 347 55 179

Number of Housing Units

50 to 74 housing units
17736 3849 2515 344 427 202 5571 124 1577 412 181 283 200 1104 379 568
75 to 99 housing units 9285 1652 1226 179 469 165 2975 87 635 206 92 185 154 771 212 278
100 to 149 housing units 12855 2505 1256 181 693 82 4873 128 654 171 85 318 140 991 405 373
150 to 199 housing units 7963 1078 521 80 471 45 4125 62 278 58 85 99 79 636 134 213
200 to 299 housing units 7604 1112 678 122 453 51 3450 82 332 47 96 191 89 476 89 335
300 to 499 housing units 4542 581 401 39 308 28 2055 38 135 15 15 410 71 205 57 183
500 to 999 housing units 979 134 78 19 64 6 471 18 30 0 12 35 13 62 9 29
1,000 or more housing units 142 15 19 1 6 1 63 1 5 1 1 2 2 16 3 5

Year Structure Built

1999 to March 2000
1873 460 195 28 62 28 847 6 45 38 16 31 31 32 10 42
1997 and 1998 3191 515 327 50 179 26 1396 8 72 12 48 76 33 359 8 79
1995 and 1996 2276 437 128 45 194 6 996 16 107 23 48 18 14 140 30 74
1990 to 1994 3355 488 370 53 240 37 1187 43 382 23 43 62 28 174 113 111
1980 to 1989 14864 2453 1411 173 841 146 5463 150 1327 77 76 341 220 1277 268 642
1970 to 1979 18739 3188 1898 269 742 183 7830 123 1094 146 244 721 203 1265 324 511
1960 to 1969 8445 1588 1234 126 368 77 3158 77 382 169 38 134 116 485 252 240
1950 to 1959 2539 555 227 96 110 28 1070 43 45 70 21 26 14 139 74 21
1940 to 1949 1280 219 172 32 63 7 412 21 71 72 0 28 45 53 8 77
1939 or earlier 4543 1021 732 92 92 41 1223 55 121 281 33 85 45 337 200 187

Purchase Price Per Housing Unit@8

Properties acquired by
purchase 1997 to 2001 (part)
17882 3562 2236 268 779 144 7023 131 561 243 88 480 281 1117 409 561
Less than $20,000 4160 800 474 15 96 30 1821 31 122 61 12 200 61 235 82 119
$20,000 to $39,999 6550 1315 894 164 323 51 2314 61 250 89 32 119 122 379 209 227
$40,000 to $59,999 3868 727 472 41 199 40 1612 27 101 33 27 83 52 266 78 110
$60,000 to $79,999 1860 352 272 28 90 7 736 11 59 49 12 50 12 112 20 52
$80,000 to $99,999 735 184 54 6 28 4 297 2 10 9 0 20 21 73 13 14
$100,000 to $124,999 324 60 27 8 24 12 114 0 11 1 0 1 12 37 0 18
$125,000 to $149,999 179 42 27 7 3 0 65 0 0 0 5 7 0 4 7 13
$150,000 to $174,999 50 7 4 0 0 0 26 0 5 0 0 0 0 4 0 4
$175,000 to $199,999 42 4 10 0 8 0 14 0 0 0 0 0 1 5 0 0
$200,000 to $249,999 69 58 0 0 2 0 5 0 0 0 0 0 0 1 0 3
$250,000 to $299,999 13 4 1 0 0 0 5 0 2 0 0 0 0 0 0 0
$300,000 to $499,999 10 0 0 0 0 0 9 0 0 0 0 0 0 1 0 0
$500,000 or more 9 6 3 0 0 0 0 0 0 0 0 0 0 0 0 0
Median 34579 34897 34419 34522 37977 36434 34593 31378 32635 33475 39957 26719 32935 37049 31733 34200
Mean 40690 43143 39203 42939 44334 43531 40118 34657 38864 39544 43268 33951 40033 42349 37271 39986
Other properties 43224 7363 4459 696 2113 435 16560 410 3085 668 479 1042 469 3144 878 1423

Value

Less than $1,000,000
2667 625 297 59 47 13 919 2 267 20 21 61 62 150 47 78
$1,000,000 to $1,999,999 7938 1649 1043 118 258 46 2452 73 958 119 82 102 51 326 286 376
$2,000,000 to $2,999,999 8583 1571 1085 199 305 70 3087 96 557 178 139 159 124 594 223 197
$3,000,000 to $3,999,999 7819 1470 901 170 196 129 2999 77 500 159 48 202 123 502 126 218
$4,000,000 to $4,999,999 5102 1196 652 32 226 47 1612 37 214 110 27 107 44 546 60 191
$5,000,000 to $7,499,999 10845 1671 1086 157 702 126 4187 104 508 141 96 542 127 782 291 327
$7,500,000 to $9,999,999 4599 687 425 53 346 65 1806 65 169 51 59 99 63 428 102 179
$10,000,000 to $14,999,999 7167 1035 643 104 325 51 3714 27 231 86 32 75 70 487 82 204
$15,000,000 to $19,999,999 2564 413 286 42 177 12 1078 28 106 16 18 62 31 176 19 99
$20,000,000 to $29,999,999 2211 385 143 12 126 12 1032 19 81 23 29 72 21 158 29 68
$30,000,000 to $39,999,999 678 88 65 9 78 3 293 2 17 4 6 20 15 52 12 16
$40,000,000 to $49,999,999 346 42 15 1 36 6 158 6 23 0 8 5 7 14 5 21
$50,000,000 or more 586 93 53 8 71 1 246 4 16 3 2 14 12 48 6 10
Median 4695105 4123579 4033596 3624670 6476850 4667866 5432000 4597583 3081981 3870565 3858128 5597643 4337936 5040957 3704493 4644015
Mean 7358174 6567677 6399538 6190673 10282040 6594359 8075775 6895394 5230600 5443681 6795336 7758020 8133326 8010164 5539236 7200114

Value Per Housing Unit@8

Less than $20,000
8571 1724 786 139 231 33 3405 58 826 53 63 185 91 386 239 353
$20,000 to $39,999 22371 4089 2755 492 1029 226 7676 310 1344 311 280 821 268 1469 552 748
$40,000 to $59,999 16078 2376 1550 162 827 135 7425 83 757 280 133 245 228 1174 293 412
$60,000 to $79,999 6789 1273 805 28 399 96 2510 31 461 144 39 124 91 481 72 235
$80,000 to $99,999 3106 643 318 74 139 20 1118 27 134 42 10 75 19 338 43 105
$100,000 to $124,999 1840 312 197 20 101 48 625 28 45 34 23 34 13 264 25 70
$125,000 to $149,999 955 182 119 15 52 5 371 2 18 22 0 14 14 62 48 30
$150,000 to $174,999 405 48 69 31 20 6 135 1 27 13 7 1 6 24 6 10
$175,000 to $199,999 228 18 43 0 18 0 96 0 6 0 4 2 2 26 5 8
$200,000 to $249,999 326 123 30 3 20 5 94 0 9 7 0 7 11 10 0 7
$250,000 to $299,999 166 36 8 0 11 0 61 0 7 5 0 15 3 14 5 1
$300,000 to $499,999 164 72 7 0 10 0 49 0 4 0 9 0 3 10 0 0
$500,000 or more 106 29 6 0 36 5 17 0 7 0 0 0 0 4 0 2
Median 39652 38283 38595 33950 44489 44587 41914 33714 34831 46531 35772 34025 41386 44699 34671 37074
Mean 48827 51005 48159 45426 59615 57372 47928 41978 41833 53939 45594 41965 48750 53331 43867 45357

Value of Capital Improvements

Properties with capital
improvements between 1998
and 2000
39178 6715 4289 561 2082 321 15037 358 2455 555 371 1055 550 2712 780 1337
Less than $50,000 10021 2012 1201 172 498 99 3414 73 976 156 59 75 94 686 237 270
$50,000 to $99,999 6856 1135 847 76 422 65 2280 119 484 150 46 170 142 443 200 276
$100,000 to $249,999 11297 1920 1000 170 485 96 5166 70 559 160 89 188 160 686 194 355
$250,000 to $499,999 5299 731 676 62 340 40 2034 40 240 56 125 146 54 452 54 249
$500,000 to $749,999 2472 391 212 51 139 4 807 18 84 9 24 366 38 215 22 90
$750,000 to $999,999 815 103 56 13 48 2 376 6 49 6 7 13 19 68 20 30
$1,000,000 to $1,499,999 910 113 167 6 56 8 360 29 19 9 8 32 10 56 7 30
$1,500,000 to $1,999,999 388 94 31 4 29 0 145 2 11 2 4 14 2 15 18 18
$2,000,000 to $2,999,999 398 104 36 1 24 3 139 0 16 6 4 10 8 23 15 9
$3,000,000 or more 721 113 63 5 41 3 316 2 17 2 6 41 21 68 13 11
Median 136001 116473 114501 128479 137432 96473 152970 94749 76010 90695 234978 410829 135755 149693 88335 151689
Mean 387961 344907 348823 275579 564747 245857 426591 265189 289813 173152 364833 605772 428271 369761 313811 301744
Properties with no capital
improvements between 1998 and 2000
12224 2195 1426 251 474 140 5268 75 512 197 74 215 104 709 264 319
Capital improvements not
reported
9704 2014 979 152 335 119 3278 108 679 159 122 253 96 840 243 327

Value of Capital Improvements Per Unit

Properties with capital
improvements between 1998
and 2000
39178 6715 4289 561 2082 321 15037 358 2455 555 371 1055 550 2712 780 1337
Less than $500 11216 1959 1159 180 547 92 4334 135 844 169 114 141 127 796 255 364
$500 to $999 8506 1530 758 120 627 93 3180 87 633 154 66 179 160 447 202 273
$1,000 to $2,499 12556 2050 1502 170 579 88 4963 58 728 124 55 556 144 880 223 435
$2,500 to $4,999 4144 598 595 46 204 29 1543 45 171 80 77 105 63 352 43 196
$5,000 to $7,499 1132 216 138 40 50 9 403 3 34 17 40 13 23 117 8 22
$7,500 to $9,999 424 101 57 1 23 4 122 3 11 5 10 12 10 26 13 26
$10,000 to $14,999 370 79 16 2 20 0 149 25 11 0 5 2 1 29 17 13
$15,000 to $19,999 195 34 18 0 10 4 76 1 5 2 0 9 18 10 2 7
$20,000 to $29,999 192 36 6 0 5 1 81 0 1 5 4 1 2 38 10 2
$30,000 or more 442 113 40 1 18 0 186 0 17 0 2 38 3 18 8 0
Median 992 957 1227 918 894 868 1001 753 803 852 1157 1562 962 1193 834 1110
Mean 2551 2931 2468 1573 3979 1721 2475 1817 1643 1667 2705 3885 2399 2475 2148 1728
Properties with no capital
improvements between 1998 and 2000
12224 2195 1426 251 474 140 5268 75 512 197 74 215 104 709 264 319
Capital improvements not
reported
9704 2014 979 152 335 119 3278 108 679 159 122 253 96 840 243 327

Monthly Rental Receipts Per Housing Unit

Acquired before 2000
54526 9531 5912 882 2645 495 20763 499 3448 820 540 1429 666 3962 1101 1832
Less than $100 1463 334 66 8 73 25 530 6 148 53 0 27 37 110 5 41
$100 to $199 1765 361 112 15 51 1 759 7 235 0 4 31 15 66 88 19
$200 to $299 2887 710 238 8 102 28 800 42 485 7 15 20 19 203 108 103
$300 to $399 6626 1318 781 105 310 33 1843 47 589 85 137 490 94 367 148 279
$400 to $499 8908 1569 1191 144 346 100 3209 188 452 101 139 326 148 593 175 228
$500 to $599 10033 1688 1310 337 461 108 3847 67 442 156 64 177 103 636 229 408
$600 to $799 7253 1265 731 91 356 59 2901 26 467 165 53 114 129 591 112 192
$800 to $999 9959 1336 823 90 571 96 4711 76 444 161 61 150 53 913 151 323
$1000 or more 5474 907 647 85 368 40 2089 40 181 89 66 95 68 481 86 232
No rental receipts 157 43 13 0 7 4 74 0 4 4 0 0 0 1 0 6
Median 555 527 543 548 595 554 583 479 458 608 481 445 519 602 512 560
Mean 644 615 668 615 705 599 643 572 635 698 636 536 588 694 593 717
Acquired 2000 and 2001 (part) 6579 1393 782 82 246 85 2820 42 198 91 27 93 83 300 186 152

Rental Receipts as Percent of Value@8

Acquired before 2000
54526 9531 5912 882 2645 495 20763 499 3448 820 540 1429 666 3962 1101 1832
Less than 5 percent 1424 297 122 18 109 35 451 7 78 57 3 41 42 119 7 40
5 to 9 percent 3407 808 377 36 165 35 1096 31 260 52 10 25 53 342 63 52
10 to 14 percent 16334 3154 1720 245 863 183 5684 120 1207 244 169 423 217 1231 398 475
15 to 19 percent 14811 2241 1423 284 689 107 6432 207 878 178 158 239 161 1022 308 484
20 to 24 percent 7989 1362 1111 122 422 90 2633 45 440 144 121 516 89 488 164 241
25 to 29 percent 4315 624 383 47 149 20 2036 23 244 66 40 72 21 307 42 242
30 to 39 percent 3034 539 478 45 118 12 1181 17 154 39 12 25 19 204 36 156
40 percent or more 3082 469 285 86 127 10 1187 50 187 35 27 88 65 246 83 136
Median 17 16 18 18 16 15 17 17 16 17 18 20 16 16 16 19
Acquired 2000 and 2001 (part) 6579 1393 782 82 246 85 2820 42 198 91 27 93 83 300 186 152

Rental Vacancy Losses as Percent of
Potential Receipts

Acquired before 2000
54526 9531 5912 882 2645 495 20763 499 3448 820 540 1429 666 3962 1101 1832
Less than 1.0 percent 7279 1242 612 146 259 102 2605 74 627 154 94 138 55 888 86 198
1.0 to 2.9 percent 9854 1720 1048 140 447 66 3604 101 713 159 70 233 71 927 220 334
3.0 to 4.9 percent 8330 1379 1074 113 437 125 3106 88 465 87 100 167 182 539 156 313
5.0 to 6.9 percent 5126 867 587 129 291 30 2079 42 326 58 22 94 59 237 151 155
7.0 to 8.9 percent 5096 667 404 35 177 38 3064 34 219 31 31 63 32 111 65 127
9.0 to 10.9 percent 2468 477 476 22 203 12 830 36 45 25 13 15 22 91 71 131
11.0 to 12.9 percent 1453 186 242 4 121 14 573 23 52 7 18 47 38 81 21 26
13.0 to 14.9 percent 731 182 109 7 28 5 241 1 36 3 9 7 11 21 25 47
15.0 percent or more 3730 670 419 55 169 33 1287 33 138 58 65 433 58 134 79 99
Not reported or not computed 10459 2142 942 232 515 70 3374 66 826 239 117 233 139 934 229 402
Median 4.2 4.1 4.5 3.7 4.6 3.7 4.6 3.9 2.9 2.7 4.0 6.3 4.5 2.4 4.7 4.2
Acquired 2000 and 2001 (part) 6579 1393 782 82 246 85 2820 42 198 91 27 93 83 300 186 152

Age Restrictions

Property restricted to people
age 55 or older
10468 1765 1039 123 476 161 3672 95 1124 59 76 190 133 1116 142 297
Property not restricted to people
age 55 or older
48401 8591 5496 774 2317 376 19301 413 2344 825 440 1301 588 2881 1108 1644
Not reported 2236 568 160 67 98 42 609 32 178 27 51 31 29 264 38 42

Age Composition

Over one-half the residents of the
building age 55 or older
3452 685 449 34 138 12 1154 15 307 64 37 22 39 349 69 77
Over one-half the residents of the
building not age 55 or older
43396 7634 4858 713 2115 328 17545 394 1959 704 397 1242 524 2424 1016 1543
Not reported 14258 2605 1387 217 639 240 4884 132 1379 142 133 258 187 1489 202 364

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

Property provides meal service
5664 1030 675 77 306 88 2087 39 309 31 42 110 76 510 84 201
Charge included in rent 3546 772 532 40 253 75 1052 27 133 26 37 95 56 235 46 169
Charge not included in rent 694 125 37 0 16 0 295 2 73 5 0 1 4 126 4 6
Not reported 1424 133 107 38 37 14 740 10 103 0 6 14 16 149 34 26
Property does not provide meal
service
7803 1282 723 88 245 51 2626 57 1134 112 52 87 118 962 133 135
Not reported 47639 8613 5297 799 2340 441 18870 445 2203 769 473 1326 556 2790 1071 1648

OWNER CHARACTERISTICS


Type of Owner

Individual investor(s)
7408 1761 1273 161 353 116 2188 32 438 63 113 123 117 280 115 275
Limited partnership 26622 4458 2580 399 1231 241 10314 314 1604 292 256 521 377 2557 611 866
Joint venture 661 98 71 8 24 5 316 1 25 7 1 21 14 14 12 43
General partnership 4472 932 483 104 326 31 1677 16 175 60 70 93 35 219 49 201
Life insurance company 108 33 3 0 4 0 19 0 5 5 15 6 0 15 3 0
Depository institution 5 0 4 0 0 0 1 0 0 0 0 0 0 0 0 0
Public real estate investment trust 1006 118 66 8 108 3 441 13 41 9 5 16 3 79 62 32
Private real estate investment trust 225 11 1 8 30 0 136 0 7 0 2 0 0 27 2 2
Corporation - other than real estate
investment trust
12605 2090 1419 154 522 119 5417 106 424 365 79 606 113 511 311 369
Housing cooperative organization 2222 411 203 36 70 46 1007 33 53 91 2 17 29 187 20 18
Non-profit or church-related institution 3912 671 323 41 149 10 1299 5 832 3 16 79 48 271 35 131
Pension fund 84 4 6 0 4 0 38 0 1 1 1 10 0 19 1 0
Fraternal organization 11 0 0 0 0 0 9 0 2 0 0 0 0 0 0 0
Other 1765 338 263 44 71 8 719 21 40 15 6 31 14 82 68 46

MORTGAGE CHARACTERISTICS


Number of Mortgages

1 mortgage
53963 9171 6174 834 2618 490 21070 504 3177 810 534 1387 677 3527 1169 1820
2 mortgages 5745 1314 401 126 259 61 2130 35 358 95 31 115 62 553 97 105
3 or more mortgages 1398 439 119 5 15 28 382 1 110 5 2 21 10 181 21 58

Form of Debt of First Mortgage

Mortgage or deed of trust
61103 10924 6694 964 2892 579 23583 541 3646 911 567 1522 750 4262 1287 1981
Contract to purchase 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Some other loan secured by this property 3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3

Type of First Mortgage Instrument

Fixed-rate, level-payment mortgage
46487 7284 4018 578 2429 327 19032 428 3273 237 414 1297 536 3832 1129 1675
Short-term with balloon payment mortgage 4759 1148 528 103 286 35 1608 85 126 517 38 29 21 94 47 94
Reverse mortgage 3 3 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Adjustable rate mortgage (ARM) 8835 2239 2100 280 153 213 2492 23 193 141 114 188 183 270 87 158
Other 1022 250 49 4 24 4 452 4 54 16 1 8 10 66 24 57

Method of Loan Application

By computer over the Internet or
by e-mail
111 41 7 4 4 0 35 0 1 0 0 8 0 6 4 0
By telephone or FAX 6929 1191 765 175 325 67 3039 47 195 94 58 102 65 282 309 216
By regular mail 6759 1064 722 123 248 74 2477 47 722 142 110 100 52 546 100 233
By personal visit 19750 4176 2417 335 866 139 6730 186 1280 190 170 454 230 1593 413 571
Through third party (such as real
estate agent or builder)
14847 2060 1529 118 886 169 6815 95 478 350 125 546 254 722 201 498
Some other way 3528 735 270 50 173 59 1161 41 346 58 27 47 57 286 76 142
Not reported 6304 1266 585 132 241 50 2163 103 474 67 64 173 51 577 129 228
Not available 2877 392 400 27 149 22 1162 21 150 9 12 91 40 249 56 95

Origin of First Mortgage

Mortgage made at time property acquired
36496 6896 3934 593 1521 360 12818 355 2801 343 344 1091 472 3127 663 1178
Mortgage assumed at the time property
acquired
5272 742 646 48 290 72 2281 31 260 48 25 126 59 356 148 140
Mortgage placed later than acquisition of
property
19337 3286 2115 323 1081 148 8484 154 585 519 198 305 218 778 477 666
Refinanced mortgage 18234 3091 2024 310 1037 148 7979 151 536 501 196 288 218 732 397 626
Same lender 4495 987 583 103 271 47 1575 23 119 158 28 85 90 261 37 126
Different lender 13740 2104 1441 207 766 101 6404 128 417 343 169 202 128 471 360 500
Mortgage placed on property
owned free and clear of debt
1102 196 91 13 44 0 505 4 50 18 1 17 0 46 80 39
Not available 0 0 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
19337 3286 2115 323 1081 148 8484 154 585 519 198 305 218 778 477 666
Obtain lower interest rate 9955 1504 1143 121 485 74 4762 77 301 339 14 164 112 357 226 276
Increase payment period for mortgage 529 87 82 3 47 4 107 2 11 11 14 2 2 62 37 58
Reduce payment period for mortgage 42 5 4 3 0 0 17 0 6 0 0 0 0 6 0 0
Renew or extend loan that had fallen
due, without increasing outstanding
balance
2251 461 358 68 175 12 743 17 64 46 39 19 37 66 73 74
Receive cash or increase outstanding
balance of loan
3944 551 387 80 167 24 1896 33 100 90 90 57 32 151 98 189
Other reason 1779 441 74 19 150 27 672 20 84 7 38 59 21 88 31 47
Not reported 836 238 67 28 58 7 286 4 20 26 3 4 14 47 12 21
Other properties 41769 7638 4580 641 1811 432 15099 386 3060 392 369 1218 532 3484 811 1318
Not available 0 0 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
8972 1205 911 135 394 56 4573 99 220 244 79 140 90 322 193 311
Less than $1,000,000 4100 616 576 64 226 27 1607 63 133 177 56 53 15 209 96 181
$1,000,000 to $1,999,999 2984 366 172 43 63 18 2042 29 22 37 8 39 49 20 11 65
$2,000,000 to $2,999,999 566 76 44 13 43 7 286 2 4 21 0 22 8 29 2 9
$3,000,000 to $3,999,999 346 63 55 2 17 0 145 1 11 1 11 1 0 13 0 25
$4,000,000 to $4,999,999 272 19 20 10 5 4 109 2 13 7 0 3 11 16 48 4
$5,000,000 to $7,499,999 175 11 14 1 12 0 84 0 8 1 0 13 2 2 19 8
$7,500,000 to $9,999,999 129 27 6 0 1 0 64 0 13 0 2 1 4 2 3 5
$10,000,000 to $14,999,999 232 13 6 1 6 0 175 1 0 0 0 1 1 11 9 8
$15,000,000 to $19,999,999 68 2 1 0 4 0 29 0 15 0 1 1 0 14 0 0
$20,000,000 to $29,999,999 48 5 15 0 2 0 11 1 0 0 0 2 0 3 4 4
$30,000,000 to $39,999,999 14 3 1 0 0 0 6 0 1 0 0 2 0 0 0 1
$40,000,000 to $49,999,999 5 0 0 0 0 0 3 0 0 0 0 2 0 0 0 0
$50,000,000 or more 34 2 0 0 15 0 11 0 0 0 0 1 0 3 0 1
Not reported 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Median 1129499 978284 790617 1082427 871658 1075065 1332631 792066 825423 689725 700872 1442159 1613111 769425 998084 859458
Mean 2430523 1877573 1512967 1328441 4365496 1120544 2520819 1144657 2815655 739457 1666031 4857860 2311394 3746455 3298981 2894627
Properties that refinanced
and did not receive cash back
7859 1658 925 121 468 48 3013 43 291 164 90 126 104 341 230 237
Properties that refinanced
and did not report if received
cash back
2505 423 279 67 219 43 898 12 74 111 28 39 24 115 54 118
Properties that did not
refinance
41769 7638 4580 641 1811 432 15099 386 3060 392 369 1218 532 3484 811 1318
Not available 0 0 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
8972 1205 911 135 394 56 4573 99 220 244 79 140 90 322 193 311
For additions, improvements or repairs
to this property
5820 793 510 77 255 26 3104 78 150 165 69 77 56 191 44 224
To consolidate debts 635 152 38 16 34 8 237 8 22 33 0 10 0 44 11 20
For investment in other real estate 4237 444 372 32 99 14 2672 19 96 47 68 72 35 111 82 73
For other types of investments 1077 160 93 22 35 9 474 5 28 63 1 42 23 33 62 28
For educational or medical expenses 17 1 0 0 0 0 5 0 0 0 0 0 0 7 3 1
To start a business 6 3 0 0 0 0 3 0 0 0 0 0 0 0 0 0
To settle a divorce 7 0 2 0 0 0 4 0 0 0 0 0 0 0 0 0
To pay taxes 113 47 8 6 11 0 24 0 0 2 0 8 7 0 0 0
To purchase an automobile, truck, or
other vehicle
20 2 6 0 0 0 3 1 5 0 0 0 0 0 3 0
To purchase consumer product other than
automobile, truck, or other vehicle
76 3 8 0 3 0 58 0 0 0 0 0 0 2 0 3
Other 1024 94 102 9 52 7 542 4 30 31 8 14 11 10 30 80
Not reported 249 20 18 9 2 0 125 0 8 1 0 1 0 51 0 15
Properties that refinanced
and did not receive cash back
7859 1658 925 121 468 48 3013 43 291 164 90 126 104 341 230 237
Properties that refinanced
and did not report if received
cash back
2505 423 279 67 219 43 898 12 74 111 28 39 24 115 54 118
Properties that did not
refinance
41769 7638 4580 641 1811 432 15099 386 3060 392 369 1218 532 3484 811 1318
Not available 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Year First Mortgage Made or
Assumed

1999 to 2001 (part)
18076 3819 2305 275 650 191 6975 118 541 430 111 451 278 826 446 660
1997 and 1998 15738 2583 1647 174 713 114 7099 207 438 276 193 324 203 976 329 464
1995 and 1996 6907 1243 704 128 656 80 2776 41 204 99 86 96 48 360 112 275
1990 to 1994 6937 1166 795 83 526 92 2430 26 697 101 62 104 82 502 106 166
1985 to 1989 4158 745 399 104 144 33 1296 5 518 3 14 391 55 306 80 65
1980 to 1984 4319 598 380 121 47 18 1167 107 709 3 50 62 48 737 92 179
1979 or earlier 4970 770 463 80 156 52 1840 36 539 0 51 95 36 556 123 174

Traditional First Mortgage Loan

Less than $500,000
2852 645 344 86 81 7 961 0 385 9 0 18 50 107 78 82
$500,000 to $999,999 4903 1146 744 86 137 19 1390 22 347 68 102 124 64 327 227 101
$1,000,000 to $1,499,999 7033 1369 1020 115 220 34 2302 78 768 170 93 108 60 340 102 254
$1,500,000 to $1,999,999 6496 1483 754 162 225 143 2229 47 336 133 41 91 96 396 179 181
$2,000,000 to $2,499,999 5389 954 588 147 167 61 2038 31 264 172 15 102 80 389 126 255
$2,500,000 to $2,999,999 4451 726 483 40 237 65 1947 65 206 48 66 74 20 285 70 117
$3,000,000 to $3,999,999 6980 1205 688 45 369 95 2344 71 399 147 71 448 101 682 125 189
$4,000,000 to $4,999,999 4759 691 443 41 339 44 1968 91 240 33 27 65 70 418 99 189
$5,000,000 to $7,499,999 7711 1023 579 91 514 79 3748 55 337 46 65 139 94 568 148 226
$7,500,000 to $9,999,999 3236 547 344 24 167 19 1443 16 132 51 23 104 20 213 41 93
$10,000,000 to $12,499,999 2091 322 166 46 153 1 983 26 72 10 8 24 22 140 23 97
$12,500,000 to $14,999,999 1083 133 106 8 66 3 443 12 46 17 25 42 16 102 12 52
$15,000,000 to $19,999,999 1097 182 105 7 83 4 498 14 29 1 4 20 13 87 13 37
$20,000,000 or more 1214 176 92 14 84 5 558 14 35 8 24 37 25 77 15 50
Not reported 1811 321 239 53 49 0 730 0 50 0 5 128 18 129 29 60
Median 2834191 2345339 2311015 2021961 3961680 2693626 3238617 3392392 1944037 2221881 2734205 3404352 2872872 3324860 2171603 2878017
Mean 4472478 3875463 3823160 3537408 5504024 3437346 5015135 5068551 3273379 3187484 4690456 4793153 4695467 4904946 3388399 4808310

Total Mortgage Loan

Less than $500,000
2530 500 335 86 77 0 897 0 304 9 0 18 43 107 73 82
$500,000 to $999,999 4632 1113 695 81 120 14 1385 21 307 41 91 108 50 288 221 99
$1,000,000 to $1,499,999 6751 1309 976 114 232 30 2208 79 777 145 95 118 61 279 98 231
$1,500,000 to $1,999,999 6206 1417 740 142 206 154 2022 47 385 138 47 96 96 371 171 174
$2,000,000 to $2,499,999 5227 945 628 147 181 60 1881 31 253 189 10 92 81 359 126 244
$2,500,000 to $2,999,999 4444 617 468 29 228 64 1956 63 233 62 70 73 39 348 75 119
$3,000,000 to $3,999,999 7118 1359 708 81 371 88 2359 74 401 142 74 444 95 635 118 170
$4,000,000 to $4,999,999 4613 697 426 37 315 43 1787 90 247 47 27 77 67 447 110 196
$5,000,000 to $7,499,999 8455 1172 601 91 521 94 4262 46 334 52 63 143 94 571 156 256
$7,500,000 to $9,999,999 3405 565 385 27 164 19 1476 25 154 51 25 97 25 257 39 94
$10,000,000 to $12,499,999 2138 345 171 25 159 0 992 21 82 10 8 23 24 150 25 104
$12,500,000 to $14,999,999 1186 178 109 25 69 3 470 12 50 16 25 38 15 108 15 54
$15,000,000 to $19,999,999 1185 184 110 12 95 3 536 19 29 2 5 31 14 85 16 44
$20,000,000 or more 1407 202 103 15 103 7 622 15 41 8 24 38 26 128 17 57
Not reported 1810 321 239 52 49 0 730 0 50 0 5 128 18 129 29 60
Median 2984052 2514884 2383449 2109887 4020951 2744220 3456618 3413164 2050125 2324875 2776127 3437279 2934305 3495934 2266974 3079113
Mean 4775329 4145460 3963850 3741506 5799722 3895743 5304213 5281337 3499429 3314797 4761666 5086862 5017591 5809050 3556316 5126771

Traditional First Mortgage Outstanding
Debt

Less than $500,000
5445 1175 557 132 133 29 1872 13 676 18 70 78 77 215 260 139
$500,000 to $999,999 6689 1423 991 74 247 18 2214 47 469 82 80 151 49 432 134 278
$1,000,000 to $1,499,999 7502 1655 1081 204 259 87 2160 88 724 216 81 85 109 464 96 192
$1,500,000 to $1,999,999 6390 1277 701 180 334 146 2138 19 288 150 33 131 86 539 154 216
$2,000,000 to $2,499,999 5381 803 567 56 188 50 2472 51 244 102 68 85 64 326 132 172
$2,500,000 to $2,999,999 4003 686 477 19 182 53 1592 49 211 73 28 20 33 427 41 114
$3,000,000 to $3,999,999 6243 1003 577 30 321 72 2144 108 360 118 52 463 98 546 132 219
$4,000,000 to $4,999,999 3606 586 303 52 324 39 1329 51 159 39 31 90 54 301 130 118
$5,000,000 to $7,499,999 6763 840 491 68 374 62 3690 38 220 41 61 127 73 394 96 189
$7,500,000 to $9,999,999 2761 509 341 37 160 7 1162 22 99 37 8 51 28 163 34 101
$10,000,000 to $12,499,999 1717 263 127 35 130 1 769 22 74 17 8 25 15 129 20 83
$12,500,000 to $14,999,999 928 89 103 10 60 5 442 8 20 13 23 40 12 70 6 26
$15,000,000 to $19,999,999 938 180 64 8 74 2 418 12 26 4 7 21 15 59 9 38
$20,000,000 or more 937 115 75 7 61 8 449 12 27 1 16 25 18 68 14 40
Not reported 1802 321 239 52 46 0 730 0 50 0 0 128 18 129 29 60
Median 2336807 1910537 1926927 1626356 3248658 2095854 2678994 3030803 1451456 1965446 2142892 3314687 2351119 2605996 1953408 2398831
Mean 3911668 3367221 3359635 3046739 4796760 3286927 4445593 4601511 2667861 2995899 4023531 4192037 4169072 4083801 2964226 4192670

Total Mortgage Outstanding Debt

Less than $500,000
4883 963 524 131 112 14 1768 9 555 18 67 62 70 206 249 136
$500,000 to $999,999 6272 1356 933 73 232 18 2111 48 448 46 80 153 35 374 127 239
$1,000,000 to $1,499,999 7277 1626 1069 200 276 91 1995 89 773 179 75 94 110 412 94 193
$1,500,000 to $1,999,999 6176 1181 726 156 321 154 2001 19 299 178 39 118 91 520 161 211
$2,000,000 to $2,499,999 5417 810 575 55 196 38 2411 51 281 133 72 95 79 339 126 157
$2,500,000 to $2,999,999 3756 704 485 15 181 60 1341 47 212 70 26 24 31 395 42 122
$3,000,000 to $3,999,999 6767 1146 582 61 320 65 2481 105 348 130 52 462 92 588 122 212
$4,000,000 to $4,999,999 3977 638 286 49 312 46 1595 50 173 39 31 106 52 328 140 132
$5,000,000 to $7,499,999 7035 936 527 69 375 68 3769 39 229 47 58 127 75 398 105 212
$7,500,000 to $9,999,999 2904 554 360 38 181 7 1181 26 108 37 11 44 33 186 37 101
$10,000,000 to $12,499,999 1772 263 142 17 113 0 803 16 89 16 8 28 16 153 22 87
$12,500,000 to $14,999,999 1015 122 98 29 67 4 460 10 23 14 25 33 12 86 5 28
$15,000,000 to $19,999,999 1025 183 69 13 100 3 454 19 27 4 7 34 13 40 13 47
$20,000,000 or more 1084 135 87 7 63 11 503 12 32 1 16 25 23 108 15 44
Not reported 1744 307 232 52 42 0 708 0 50 0 0 117 18 129 29 60
Median 2468121 2112674 1986062 1669184 3332601 2160091 2928642 3060335 1538478 2128269 2159932 3340657 2379517 2772726 1994127 2598700
Mean 4040496 3515234 3367529 3083540 4994688 3489585 4567592 4804440 2841566 3111836 4084740 4113006 4362784 4364325 3039371 4358670

Current Interest Rate on First Mortgage

Less than 6.0 percent
23595 4765 2534 368 681 79 10327 17 1062 42 28 857 362 1375 500 598
6.0 percent 373 220 28 1 2 1 51 2 16 0 0 0 0 35 12 5
6.1 to 6.4 percent 792 86 102 0 16 37 361 7 22 38 0 13 2 77 3 29
6.5 to 6.9 percent 2523 320 198 49 142 56 1026 30 159 209 20 0 25 209 30 52
7.0 percent 5126 895 603 69 128 39 2226 10 202 86 40 125 62 418 106 117
7.1 to 7.4 percent 2574 229 337 56 167 63 838 125 119 133 42 2 8 238 121 97
7.5 to 7.9 percent 6142 937 662 35 344 166 2493 167 241 221 182 15 16 269 71 321
8.0 percent 1121 237 109 39 167 4 250 13 60 44 36 33 2 76 14 38
8.1 to 8.4 percent 2405 328 239 51 320 60 670 37 238 58 130 10 10 166 2 84
8.5 to 8.9 percent 2000 448 238 47 320 21 259 36 207 61 32 8 14 173 42 94
9.0 percent 1201 88 19 1 28 9 413 35 294 0 15 0 2 101 125 71
9.1 to 9.4 percent 800 85 38 25 61 1 147 45 292 6 9 5 2 63 16 5
9.5 to 9.9 percent 639 128 83 1 111 3 94 12 54 0 10 7 13 95 13 15
10.0 percent 300 47 7 1 31 0 22 2 71 2 0 0 0 83 20 12
10.1 to 10.4 percent 288 48 41 10 25 4 68 3 0 6 9 0 11 55 0 7
10.5 to 10.9 percent 433 54 12 0 21 0 95 0 132 2 3 5 10 78 4 17
11.0 percent 482 126 71 4 49 3 112 0 15 0 0 7 30 39 3 24
11.1 to 12.9 percent 876 104 91 61 24 8 281 0 46 0 11 17 10 186 16 22
13.0 percent 166 38 26 2 2 0 53 0 12 0 0 12 3 10 8 0
13.1 percent or more 9269 1741 1257 145 252 24 3798 0 403 3 0 405 169 517 181 376
Not reported 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Median 7.1 7.0 7.1 7.1 8.0 7.5 7.0 7.7 8.0 7.3 7.9 5.3 6.7 7.1 7.1 7.6

Points Paid as Interest on First
Mortgage

With mortgage placed
56596 10314 6124 929 2652 542 21640 514 3410 869 542 1413 698 3935 1150 1863
No points 12736 1508 793 113 896 143 4298 121 1834 417 347 42 109 1499 317 299
Less than 1 point 21 7 0 4 9 2 0 0 0 0 0 0 0 0 0 0
1 point 472 144 175 73 59 0 5 5 0 10 2 0 0 0 0 0
1.1 to 1.9 points 18 5 8 0 0 0 2 0 0 0 0 0 0 0 0 2
2 points 40 36 0 0 0 4 0 0 0 0 0 0 0 0 0 0
2.1 to 2.9 points 16 6 0 5 0 0 5 0 0 0 0 0 0 0 0 0
3 points 4 0 4 0 0 0 0 0 0 0 0 0 0 0 0 0
3.1 to 3.9 points 6 3 2 0 0 1 0 0 0 0 0 0 0 0 0 0
4 points 12 0 0 0 0 0 0 0 0 0 7 0 0 3 0 2
4.1 to 4.9 points 6 6 0 0 0 0 0 0 0 0 0 0 0 0 0 0
5 points 142 67 61 6 0 0 0 0 0 9 0 0 0 0 0 0
5.1 to 5.9 points 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
6 points or more 146 35 23 0 11 10 47 0 0 5 15 0 0 0 0 0
Not reported or don't know 42977 8498 5058 730 1678 382 17283 388 1576 428 170 1371 589 2433 834 1560
With mortgage assumed 4509 610 571 35 240 38 1943 26 236 42 25 109 52 326 137 120

Type of Interest Rate Buydown

Properties with interest rate
buydown
107 5 0 0 3 0 0 0 9 0 0 0 20 71 0 0
Constant payment 21 0 0 0 0 0 0 0 9 0 0 0 0 12 0 0
3-2-1 buydown 5 0 0 0 0 0 0 0 0 0 0 0 5 0 0 0
Other 22 4 0 0 3 0 0 0 0 0 0 0 15 0 0 0
Not reported 59 1 0 0 0 0 0 0 0 0 0 0 0 58 0 0
Properties without interest
rate buydown
19686 3115 2097 288 1579 467 5683 461 2092 834 465 42 93 1651 292 527
Not reported 41312 7805 4597 676 1310 113 17899 79 1545 77 101 1480 637 2540 995 1456

Term of First Mortgage

Less than 5 years
466 261 60 5 13 26 15 1 0 29 6 0 15 2 15 18
5 years 956 505 69 10 70 6 25 2 0 138 9 0 1 0 14 106
6 to 9 years 820 204 65 2 144 3 175 14 0 149 5 17 7 8 8 21
10 years 6748 598 647 72 548 78 3422 172 0 378 216 20 12 81 179 327
11 to 14 years 469 64 165 11 76 17 36 41 0 19 16 0 0 5 11 9
15 years 1667 504 255 54 236 37 306 23 0 67 50 0 32 8 58 38
16 to 19 years 669 99 94 0 52 10 370 4 3 0 11 0 0 19 7 1
20 years 983 179 156 3 342 1 144 11 5 22 18 5 0 35 15 47
21 to 24 years 244 56 0 0 57 4 46 0 12 0 15 0 0 43 0 9
25 years 989 289 67 74 105 28 204 14 12 15 8 0 7 124 24 19
26 to 29 years 153 18 0 0 3 2 83 2 5 0 0 0 0 34 0 6
30 years 8755 1383 1067 152 251 322 2776 195 383 83 171 186 93 1205 191 297
More than 30 years 3037 129 42 23 22 3 94 43 1818 7 25 1 5 722 45 59
No stated term 35148 6635 4006 561 972 42 15886 19 1409 4 16 1293 578 1977 722 1027
Median 24 16 19 26 15 30 16 20 57 10 15 30 30 31 16 14

Unexpired Term of First Mortgage

Less than 5 years
2926 896 288 65 444 57 402 33 49 190 60 22 28 89 72 230
5 to 9 years 8375 939 773 117 640 139 3646 218 134 499 285 38 48 338 194 365
10 to 14 years 3357 664 372 36 338 40 791 146 179 90 61 5 12 445 54 124
15 to 19 years 2335 564 329 54 226 56 365 20 160 32 37 14 0 423 32 23
20 to 24 years 2671 356 270 80 121 73 681 23 511 65 12 34 15 351 21 58
25 to 29 years 4832 683 609 49 140 105 1614 75 627 27 83 103 56 416 144 102
30 or more years 1471 186 47 1 11 67 207 6 577 4 12 13 14 223 49 55
No stated term or not computed 35138 6635 4006 561 972 42 15876 19 1409 4 16 1293 578 1977 722 1027
Median 13 12 14 13 9 18 10 10 26 8 9 25 14 18 12 8

Servicer of First Mortgage

Commercial bank or trust company
11525 10072 8 0 84 23 347 103 16 655 113 0 0 44 4 55
Savings and loan association, federal
savings bank
6822 42 6517 0 23 1 102 31 0 63 0 0 4 14 9 17
Mutual savings bank 899 0 0 899 0 0 0 0 0 0 0 0 0 0 0 0
Life insurance company 1711 6 0 0 1670 3 20 6 0 5 0 0 1 0 0 0
Mortgage banker or mortgage company 26484 422 140 65 960 549 22859 341 291 149 380 0 19 23 28 255
Federally-sponsored secondary market
agency or pool
57 0 0 0 0 3 50 3 0 0 0 0 0 0 0 0
Conventional mortgage pool 295 125 0 0 0 0 125 45 0 0 0 0 0 0 0 0
Other federal agency 3231 0 0 0 0 0 0 0 3231 0 0 0 0 0 0 0
Real estate investment trust 53 0 0 0 8 0 5 1 0 36 0 0 0 3 0 0
Pension or retirement fund 46 0 0 0 0 0 0 0 0 0 39 0 0 0 6 0
Credit union 1522 0 0 0 0 0 0 0 0 0 0 1522 0 0 0 0
Finance company 975 57 7 0 104 0 53 0 0 0 32 0 720 0 0 2
State or municipal government or
housing finance agency
4311 108 2 0 0 1 6 0 0 3 2 0 5 4175 0 9
Individual or individual's estate 1116 0 0 0 31 0 0 0 0 0 0 0 0 0 1085 0
Other 2059 92 20 0 11 0 16 10 107 0 0 0 1 1 155 1645

Holder's Acquisition of First Mortgage

Originated directly from borrower
33613 6293 4356 652 2183 389 11217 158 1791 57 265 975 353 3259 678 989
Purchased from present servicer 15749 2187 1034 165 360 51 7724 175 1439 776 154 283 227 542 278 353
Purchased from someone else 11743 2444 1305 147 349 140 4642 208 416 78 148 264 171 460 332 642
Not reported 0 0 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
37110 6665 4102 546 1629 388 13439 306 2812 345 268 1097 457 3175 688 1193
Less than 40 percent 2519 459 407 50 142 19 644 6 297 24 22 14 29 294 47 65
40 to 49 percent 1251 277 131 5 79 14 381 5 192 18 2 17 5 93 11 24
50 to 59 percent 2288 485 168 38 159 4 789 41 98 24 27 40 44 232 60 79
60 to 69 percent 3785 730 341 47 201 62 1546 20 202 29 14 111 23 300 57 103
70 to 79 percent 5010 815 649 146 266 76 1936 72 223 106 20 90 116 367 72 56
80 to 89 percent 5169 1162 655 56 197 94 1823 42 292 21 27 67 80 308 110 234
90 to 94 percent 2084 288 258 35 107 25 774 7 126 8 27 45 14 295 17 59
95 to 99 percent 1854 293 119 10 100 1 728 2 249 13 11 38 38 176 33 44
100 percent or more 11822 1900 1232 119 339 93 4296 111 1096 102 112 587 92 991 272 480
Not reported 1326 256 142 42 38 0 523 0 38 0 5 88 17 119 10 49
Median 86 84 84 78 78 82 86 82 93 77 93 14092 80 88 88 91
Other properties 23996 4260 2592 418 1263 191 10143 235 834 566 299 426 293 1087 599 790
Not available 0 0 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
37110 6665 4102 546 1629 388 13439 306 2812 345 268 1097 457 3175 688 1193
Less than 40 percent 1863 368 387 25 135 6 562 5 132 31 8 14 61 74 18 37
40 to 49 percent 1016 270 173 10 80 5 332 0 18 22 2 17 5 31 27 25
50 to 59 percent 1467 343 146 40 158 27 477 8 52 7 8 24 22 80 29 46
60 to 69 percent 10626 1767 733 87 429 163 2805 227 1576 115 161 139 64 1672 165 521
70 to 79 percent 5689 990 773 177 391 72 2168 42 207 148 36 92 89 300 90 114
80 to 89 percent 4566 1062 601 49 133 91 1733 20 217 18 17 67 77 202 164 114
90 to 94 percent 1747 273 170 6 32 3 750 0 121 0 28 48 20 253 14 29
95 to 99 percent 1262 220 75 8 40 3 550 1 218 0 1 36 32 41 13 24
100 percent or more 7645 1134 902 102 199 18 3585 3 235 4 2 572 71 424 157 236
Not reported 1229 236 142 42 32 0 477 0 34 0 5 88 17 98 10 48
Median 75 75 77 75 70 70 81 66 68 70 67 1275 78 68 81 69
Other properties 23996 4260 2592 418 1263 191 10143 235 834 566 299 426 293 1087 599 790
Not available 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

First Mortgage Risk

Subprime loan
4040 506 218 73 44 39 1857 18 737 2 18 57 59 261 43 109
Not subprime loan 57065 10419 6476 891 2848 541 21726 522 2908 909 549 1465 691 4001 1245 1875
Not reported 0 0 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
4579 889 545 166 238 37 1562 15 227 65 44 82 61 314 200 134
20 to 29 percent 3251 461 456 45 123 24 1123 6 349 36 54 62 29 304 109 69
30 to 39 percent 4919 865 739 89 400 61 1523 42 411 60 6 90 33 362 131 108
40 to 49 percent 7373 1682 640 124 340 99 2783 64 378 98 45 129 94 504 161 231
50 to 59 percent 9585 1591 1074 78 442 70 3646 88 505 154 95 474 202 777 78 311
60 to 69 percent 10228 1527 841 124 474 71 5075 89 437 159 152 146 97 539 201 295
70 to 79 percent 7574 1261 1205 159 348 108 2946 104 267 108 45 151 102 480 83 207
80 to 89 percent 4551 974 322 37 230 48 1726 66 329 69 30 103 26 283 105 203
90 to 99 percent 3179 529 285 52 84 28 1191 15 333 51 40 55 16 229 102 169
100 percent or more 4120 838 352 39 170 33 1297 52 360 111 56 112 72 340 90 197
Not reported or not computed 1746 307 232 52 42 0 710 0 50 0 0 117 18 129 29 60
Median 60 59 58 54 57 60 62 66 59 63 63 57 57 57 54 64

Index Used to Adjust Interest Rate
on ARM

Properties with adjustable
rate first mortgage
9857 2489 2148 284 178 217 2943 28 247 157 115 196 192 335 111 215
Treasury security 1430 461 561 138 6 71 6 0 0 108 66 0 0 0 0 12
Average cost of funds in bank district 898 212 527 0 0 74 31 8 0 0 0 0 12 27 8 0
National average cost of funds 45 22 0 0 0 3 17 0 0 0 0 0 0 0 0 4
OTS contract mortgage rate 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other method 1262 671 286 16 9 52 15 16 0 33 42 0 61 14 10 39
No index used 144 22 21 0 0 8 29 0 10 7 0 0 0 19 11 18
Not reported 6078 1102 753 131 163 10 2845 4 237 9 7 196 119 276 82 143
Other properties 51249 8435 4546 680 2714 362 20639 513 3399 754 452 1326 557 3926 1176 1768
Not reported 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Frequency With Which Rate Can Be
Adjusted

Properties with adjustable
rate first mortgage
9857 2489 2148 284 178 217 2943 28 247 157 115 196 192 335 111 215
Monthly 1073 408 347 6 5 157 63 1 0 29 6 0 6 30 3 12
Every 3 months 111 15 74 0 3 0 3 0 0 0 0 0 6 0 8 1
Every 6 months 473 169 220 0 0 8 0 8 0 0 0 0 58 7 3 0
Yearly 694 350 219 62 3 27 6 9 0 3 0 0 0 0 0 16
Every 3 years 165 105 53 5 0 3 0 0 0 0 0 0 0 0 0 0
Every 5 years 910 203 404 80 3 9 0 4 0 108 92 0 0 0 8 0
Other 271 101 82 10 3 4 28 0 0 4 0 0 0 9 3 27
Not reported 6159 1138 750 121 160 10 2843 6 247 13 17 196 122 289 86 160
Other properties 51249 8435 4546 680 2714 362 20639 513 3399 754 452 1326 557 3926 1176 1768
Not reported 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Interest Rate Changed Since
Mortgage Made

Properties with adjustable
rate first mortgage
9857 2489 2148 284 178 217 2943 28 247 157 115 196 192 335 111 215
Yes, rate has changed 2474 1036 842 66 10 126 101 9 0 98 41 0 62 40 11 33
No change since mortgage made 1287 380 536 97 6 85 0 12 10 45 67 0 2 7 17 23
Not reported 6096 1074 770 121 162 6 2843 7 237 13 7 196 129 289 84 159
Other properties 51249 8435 4546 680 2714 362 20639 513 3399 754 452 1326 557 3926 1176 1768
Not reported 0 0 0 0 0 0 0 0 0 0 0 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
310 153 120 0 0 3 14 0 0 0 0 0 3 9 2 6
Payments can change monthly 22 9 4 0 0 0 0 0 0 0 0 0 0 7 0 1
Payments can change every three months 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0
Payments can change every six months 21 5 12 0 0 3 0 0 0 0 0 0 0 0 2 0
Payments can change yearly 142 41 82 0 0 0 13 0 0 0 0 0 3 0 0 4
Payments can change every 3 years 38 38 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Payments can change every 5 years 54 47 7 0 0 0 0 0 0 0 0 0 0 0 0 0
Other 31 13 14 0 0 0 0 0 0 0 0 0 0 2 0 1
Not reported 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Monthly payments cannot
change
54468 9538 5735 843 2732 571 20712 535 3409 895 560 1326 617 3972 1199 1825
Not reported 6327 1233 840 121 160 5 2857 5 237 16 7 196 130 280 86 152

First Mortgage Allows for Negative
Amortization

Monthly payments can change
(other than change in interest
rate)
310 153 120 0 0 3 14 0 0 0 0 0 3 9 2 6
Yes, unrestricted negative amortization 17 9 6 0 0 0 0 0 0 0 0 0 0 0 2 0
Yes, restricted negative amortization 88 5 66 0 0 0 13 0 0 0 0 0 0 4 0 0
No negative amortization allowed 204 139 47 0 0 3 1 0 0 0 0 0 3 5 0 6
Not reported 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Monthly payments cannot change 54468 9538 5735 843 2732 571 20712 535 3409 895 560 1326 617 3972 1199 1825
Not reported 6327 1233 840 121 160 5 2857 5 237 16 7 196 130 280 86 152

MORTGAGE PAYMENTS AND OTHER EXPENSES


Method of Payment of First Mortgage

Regular payments of interest
and/or principal
57701 9992 6401 881 2786 555 22453 539 3580 855 559 1415 712 3951 1226 1797
Interest and principal 57200 9878 6386 880 2756 523 22316 531 3580 831 549 1415 698 3899 1201 1755
Fully amortized 44160 7533 4785 673 1545 364 18129 293 2588 67 275 1365 651 3719 972 1200
Not fully amortized 13040 2344 1601 207 1211 160 4187 238 992 764 274 50 47 179 229 556
Interest only 501 115 14 1 30 31 137 7 0 24 9 0 13 52 25 41
No regular payments required 554 132 27 0 21 17 110 2 16 56 7 0 4 76 11 74
Not reported 2850 800 267 83 84 7 1020 0 50 0 1 107 34 234 50 113

Items Included in First Mortgage
Payment@1

Regular monthly payments of
both interest and principal
57200 9878 6386 880 2756 523 22316 531 3580 831 549 1415 698 3899 1201 1755
Real estate taxes 14694 1452 1428 254 1024 336 5611 433 436 754 466 0 48 1690 226 538
Property insurance 10761 1015 380 116 414 243 5150 407 399 130 294 0 30 1544 169 470
Mortgage insurance 4644 410 62 52 57 103 2334 179 290 14 219 0 20 445 126 333
Other 8849 594 218 53 104 167 4405 378 154 470 312 0 27 1717 22 229
No items included or not reported 42191 8392 4949 626 1711 188 16636 95 3121 71 76 1415 651 2084 967 1208
No regular payments of interest
and principal
3906 1047 308 84 136 56 1267 9 66 79 18 107 51 363 87 228

Monthly Interest and Principal
Payments on First Mortgage Per
Housing Unit

Regular monthly payments of
interest and/or principal
60551 10792 6667 964 2870 562 23473 539 3630 855 560 1522 746 4185 1276 1910
Less than $100 9338 1761 988 166 190 89 3040 68 1253 71 46 454 127 507 339 239
$100 to $199 18480 3615 2382 320 905 258 6355 260 961 455 320 412 203 1152 264 618
$200 to $299 16475 2333 1496 275 971 103 7806 122 716 198 103 252 207 1089 290 515
$300 to $399 6807 1107 797 49 412 49 2768 44 348 70 19 151 84 573 138 197
$400 to $499 3065 568 255 47 130 13 1220 16 145 31 35 55 20 340 109 80
$500 to $599 1326 244 196 5 58 6 411 4 114 6 4 14 23 127 24 89
$600 to $699 629 119 70 9 14 22 245 11 11 5 1 29 5 43 23 22
$700 to $799 369 45 38 0 27 3 142 8 14 0 6 22 3 44 10 7
$800 to $899 225 50 17 1 20 0 99 0 0 15 5 3 3 3 0 9
$900 to $999 134 33 16 2 4 1 34 2 7 0 2 0 1 28 3 1
$1,000 to $1,249 263 54 41 0 11 0 81 0 10 0 12 14 10 10 8 13
$1,250 to $1,499 143 24 14 0 12 2 61 1 0 1 0 9 1 13 0 4
$1,500 or more 449 38 91 7 33 8 193 2 0 2 6 0 25 23 18 3
Not reported 2850 800 267 83 84 7 1020 0 50 0 1 107 34 234 50 113
Median 206 189 193 186 231 173 223 177 156 178 173 161 213 229 204 208
Mean 257 242 254 217 280 263 267 221 188 220 235 213 397 297 287 250
No regular payments required 554 132 27 0 21 17 110 2 16 56 7 0 4 76 11 74

Current First Mortgage Payment Status

Regular monthly payments of
principal and/or interest
60551 10792 6667 964 2870 562 23473 539 3630 855 560 1522 746 4185 1276 1910
Up-to-date, ahead of schedule, or
less than 90 days past due
21279 3353 2181 290 1764 472 5803 512 2075 850 530 42 116 2039 505 747
Delinquent by 90 days or more 140 47 11 0 0 4 1 1 22 2 3 0 6 34 4 5
Legal proceedings have begun 18 2 4 0 0 0 0 0 4 0 0 0 0 2 3 3
Legal proceedings have not begun 115 45 6 0 0 4 1 1 18 2 3 0 0 31 1 2
Not reported 7 0 0 0 0 0 0 0 0 0 0 0 6 1 0 0
Not reported 39132 7392 4476 674 1107 86 17668 25 1533 3 27 1480 624 2113 767 1158
Other properties 554 132 27 0 21 17 110 2 16 56 7 0 4 76 11 74

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

Acquired before 2000 and
regular payments of interest
and/or princi
51555 8750 5643 799 2554 478 19784 497 3387 796 531 1326 639 3676 1045 1650
Less than 20 percent 7092 1247 808 186 285 90 1972 50 805 121 47 450 73 519 235 205
20 to 29 percent 9847 1463 1259 130 426 123 4123 96 630 293 116 136 121 572 82 276
30 to 39 percent 13281 2099 1366 256 735 121 5748 160 499 146 206 209 158 869 193 518
40 to 49 percent 9671 1600 932 103 577 51 3634 138 606 118 90 262 138 810 303 311
50 to 59 percent 5508 983 640 69 241 36 2201 14 346 34 11 94 75 460 94 211
60 to 69 percent 2371 548 240 24 102 13 760 1 223 11 6 89 15 213 89 36
70 to 79 percent 953 232 105 13 28 0 295 6 69 10 37 17 9 80 9 44
80 to 89 percent 380 73 24 0 9 0 143 5 83 0 1 0 7 21 0 14
90 to 99 percent 286 65 20 3 7 0 133 7 0 0 0 19 0 13 1 18
100 percent or more 2044 403 237 16 140 40 717 21 127 58 17 51 42 118 39 16
Not reported or not computed 123 37 13 0 4 4 59 0 0 4 0 0 0 1 0 1
Median 37 38 35 33 38 32 37 36 35 29 35 34 38 39 40 37
Other properties 9550 2175 1051 165 338 101 3798 44 259 115 35 197 111 585 243 333

Real Estate Tax Per $1,000 Value

Acquired before 2000
54526 9531 5912 882 2645 495 20763 499 3448 820 540 1429 666 3962 1101 1832
Less than $5 7448 1327 780 83 324 59 2733 62 769 93 46 127 119 626 85 215
$5 to $9 10417 2111 1133 155 510 146 3708 121 662 84 58 215 173 802 305 235
$10 to $14 13407 2380 1484 252 735 120 4644 97 811 115 250 577 107 1146 299 389
$15 to $19 9253 1235 866 125 416 52 4586 101 459 74 104 164 122 488 161 300
$20 to $24 4458 846 507 57 268 45 1659 42 229 84 42 112 56 228 109 173
$25 to $29 2951 500 376 78 96 25 1072 16 145 106 15 55 26 141 77 224
$30 to $39 5941 998 702 115 275 48 2117 60 362 264 25 103 53 492 47 279
$40 to $49 11 0 0 0 6 0 5 0 0 0 0 0 0 0 0 0
$50 to $59 4 0 0 0 0 0 0 0 0 0 0 4 0 0 0 0
$60 or more 45 0 9 7 9 0 10 0 0 0 0 5 0 0 0 5
Not reported or not computed 591 134 55 10 7 0 230 0 10 0 0 66 11 40 17 11
Median 13 13 13 14 13 12 14 13 12 23 13 13 12 12 13 16
Acquired 2000 and 2001 (part) 6579 1393 782 82 246 85 2820 42 198 91 27 93 83 300 186 152

Real Estate Tax as Percent of Rental
Receipts

Acquired before 2000
54526 9531 5912 882 2645 495 20763 499 3448 820 540 1429 666 3962 1101 1832
Less than 5 percent 12701 2252 1347 192 475 92 4806 113 1025 181 88 199 200 1103 262 369
5 to 9 percent 25285 4282 2689 382 1377 248 9841 230 1437 157 324 855 274 1872 548 768
10 to 14 percent 10830 1741 1290 191 575 84 4175 136 694 244 109 222 95 508 205 562
15 to 19 percent 2602 458 306 72 102 12 873 9 151 125 9 42 40 275 62 65
20 to 24 percent 1172 342 83 26 24 8 419 7 84 32 6 14 9 81 1 35
25 to 29 percent 330 76 30 1 17 17 78 0 30 14 4 11 3 50 0 0
30 to 34 percent 128 4 27 1 13 4 58 0 2 7 0 0 7 1 0 2
35 to 39 percent 62 20 2 0 1 0 5 0 0 3 0 0 24 8 0 0
40 percent or more 696 185 71 7 51 25 215 4 15 53 0 22 4 24 5 15
Not reported or not computed 721 171 68 10 11 4 292 0 10 4 0 66 11 41 17 16
Median 8 8 8 8 8 8 8 8 7 11 8 8 7 7 8 9
Acquired 2000 and 2001 (part) 6579 1393 782 82 246 85 2820 42 198 91 27 93 83 300 186 152

Property Management

Property managed by paid property
management company
53642 9367 5878 798 2464 550 20947 478 3226 730 445 1426 697 3739 1085 1813
Property not managed by paid property
management company
4980 1027 573 107 311 18 1891 26 166 140 66 62 46 253 170 125
Not reported 2483 530 244 59 117 12 744 36 254 41 56 34 7 269 33 46

Property Management and Administration
Expenses Per Housing Unit

Acquired before 2000
54526 9531 5912 882 2645 495 20763 499 3448 820 540 1429 666 3962 1101 1832
Less than $100 880 70 27 38 38 2 551 21 4 7 0 10 11 24 36 41
$100 to $199 2610 577 326 40 158 17 926 16 133 32 10 51 39 123 94 69
$200 to $299 5643 1002 764 158 374 61 1938 56 232 127 79 180 112 318 103 139
$300 to $399 7425 1271 911 102 310 83 2709 51 411 106 70 441 148 444 160 208
$400 to $499 6691 925 541 70 223 21 3449 69 474 72 28 121 82 337 158 120
$500 to $599 3733 650 525 54 179 30 1361 6 172 104 50 43 31 271 44 213
$600 to $699 2661 480 275 18 84 34 1073 14 208 35 15 54 10 188 110 62
$700 to $799 2445 463 336 30 184 74 818 23 182 23 8 29 19 137 27 94
$800 to $899 1905 325 172 54 147 4 762 26 147 24 12 36 13 134 11 36
$900 to $999 1718 259 172 13 61 14 612 30 123 36 5 84 8 227 26 46
$1,000 to $1,249 4002 621 319 53 217 48 1479 46 390 42 59 81 40 413 49 145
$1,250 to $1,499 2668 443 296 33 137 29 915 17 256 10 58 63 28 251 18 114
$1,500 to $1,999 2146 292 195 25 79 25 954 8 165 27 14 37 10 235 32 48
$2,000 to $2,499 668 122 61 14 26 0 199 6 60 6 24 0 8 93 5 43
$2,500 or more 1315 172 117 7 68 2 676 25 39 5 4 18 2 107 20 53
No expenses 2649 618 419 76 124 18 663 27 136 72 7 33 29 167 43 217
Not reported or not computed 5367 1241 457 98 235 31 1679 57 316 91 96 146 76 494 165 184
Median 500 499 491 423 522 626 490 492 635 478 561 387 381 671 434 565
Acquired 2000 and 2001 (part) 6579 1393 782 82 246 85 2820 42 198 91 27 93 83 300 186 152

Maintenance and Repair Expenses
Per Housing Unit

Acquired before 2000
54526 9531 5912 882 2645 495 20763 499 3448 820 540 1429 666 3962 1101 1832
Less than $100 1701 275 170 24 80 12 890 5 66 7 2 4 9 39 42 75
$100 to $199 2336 425 234 32 138 18 911 35 119 31 16 39 24 136 16 162
$200 to $299 3035 625 377 86 158 19 1025 11 137 47 49 53 58 211 97 82
$300 to $399 3625 699 416 114 183 28 1208 33 361 39 64 71 36 140 136 98
$400 to $499 3956 587 575 31 219 56 1513 61 201 68 71 50 108 268 46 103
$500 to $599 3809 644 300 64 224 69 1610 30 228 54 18 120 44 142 85 176
$600 to $699 3894 642 453 27 126 38 1246 29 301 46 28 402 80 253 68 155
$700 to $799 3267 645 381 19 171 14 1144 28 253 56 28 46 55 220 124 81
$800 to $899 4348 517 354 64 152 27 2447 32 174 127 17 70 20 205 51 93
$900 to $999 2276 332 277 19 155 4 818 56 131 15 21 52 21 242 29 103
$1,000 to $1,249 5489 806 694 60 164 69 2370 22 296 82 62 122 22 419 105 196
$1,250 to $1,499 3390 643 391 112 171 26 1187 32 242 40 9 42 46 279 39 132
$1,500 to $1,999 3603 600 343 75 224 24 1175 44 365 46 22 134 41 360 53 96
$2,000 to $2,499 1419 186 100 12 138 34 448 15 110 19 19 27 29 220 18 42
$2,500 or more 1918 344 235 45 105 30 668 5 93 48 16 41 15 202 25 48
No expenses 382 201 14 9 8 0 117 1 0 0 0 3 0 14 4 11
Not reported or not computed 6079 1361 599 92 230 26 1987 59 370 94 96 152 58 610 164 181
Median 751 714 733 776 744 686 781 754 749 812 606 675 630 922 667 681
Acquired 2000 and 2001 (part) 6579 1393 782 82 246 85 2820 42 198 91 27 93 83 300 186 152

Utility and Fuel Expenses Per Housing Unit

Acquired before 2000
54526 9531 5912 882 2645 495 20763 499 3448 820 540 1429 666 3962 1101 1832
Less than $250 4141 816 415 43 252 22 1592 12 326 18 21 98 53 212 116 144
$250 to $499 13717 2250 1511 189 693 195 5327 195 923 55 239 270 248 773 277 572
$500 to $749 13807 1957 1425 242 729 148 6038 112 903 174 85 218 139 991 240 405
$750 to $999 7962 1457 873 108 388 42 2752 35 447 238 44 524 63 660 117 214
$1,000 to $1,249 4215 777 526 92 143 27 1464 25 280 109 16 98 60 432 67 99
$1,250 to $1,499 1887 314 238 31 54 8 612 44 126 91 8 31 20 176 20 116
$1,500 to $1,749 1046 166 149 50 23 7 399 1 55 13 2 8 22 72 48 30
$1,750 to $1,999 464 84 65 12 45 0 142 1 21 10 6 10 4 29 2 32
$2,000 to $2,499 336 54 52 5 20 7 102 10 8 15 0 1 6 39 4 10
$2,500 or more 506 93 47 12 36 1 211 0 7 5 16 19 0 36 6 17
No expenses 572 169 60 5 33 0 252 1 1 0 7 13 0 10 0 22
Not reported or not computed 5874 1393 551 94 230 39 1872 63 349 92 96 139 52 532 204 171
Median 612 617 627 665 585 519 599 524 583 872 457 775 512 683 558 564
Acquired 2000 and 2001 (part) 6579 1393 782 82 246 85 2820 42 198 91 27 93 83 300 186 152

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