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Residential Finance Survey: 2001 - United States
Table 7-5. First Mortgage Loan, Rental and Vacant 50-or-More-Housing-Unit Mortgaged Properties
^Number of mortgaged properties.
Mortgage made between 1997 and 2001 (part).
For information on confidentiality protection, sampling error, nonsampling error, and definitions, see text.
For minimum base for derived figures (percent, median, etc.) and meaning of symbols, see text.
Monthly Rental Receipts Per Housing Unit and Interest and Principal Payments on Total Mortgages as Percent of Rental Receipts acquired before 2000 excludes properties with less than half of units in rental market during all of year preceding survey and cooperatively owned properties^^

Amount of first mortgage loan
Total Less
than
$500,000
$500,000
to
$999,999
$1,000,000
to
$1,999,999
$2,000,000
to
$2,999,999
$3,000,000
to
$3,999,999
$4,000,000
to
$4,999,999
$5,000,000
to
$7,499,999
$7,500,000
to
$9,999,999
$10,000,000
to
$14,999,999
$15,000,000
or
more
Not
reported
Median
(dollars)

50-or-more-housing-unit
properties with a traditional
first mortgage
61105 2852 4903 13528 9840 6980 4759 7711 3236 3175 2311 1811 2850000

PROPERTY CHARACTERISTICS


Year Structure Built

1999 to March 2000
1873 295 44 205 169 128 118 305 113 125 147 223 3877358
1997 and 1998 3191 15 167 271 957 187 184 376 235 394 285 119 3672233
1995 and 1996 2276 9 80 408 339 243 185 209 216 374 132 82 4100363
1990 to 1994 3355 217 101 558 407 384 388 507 258 270 201 63 3943403
1980 to 1989 14864 298 762 2609 2270 1904 1743 2121 1122 972 642 421 3673787
1970 to 1979 18739 838 1536 4578 2844 2380 1162 3076 723 601 464 538 2755387
1960 to 1969 8445 468 1082 2177 1464 915 535 683 401 253 310 157 2284582
1950 to 1959 2539 165 408 601 626 214 161 135 36 85 57 52 2111946
1940 to 1949 1280 77 151 393 163 172 62 89 44 43 31 57 1976609
1939 or earlier 4543 469 573 1728 602 452 221 210 88 58 42 101 1682412

Purchase Price Per Housing Unit@8

Properties acquired by
purchase 1997 to 2001 (part)
17882 765 1281 3628 3106 1543 1267 2061 1278 1327 996 628 2950646
Less than $20,000 4160 642 875 867 872 197 148 181 34 29 10 304 1473967
$20,000 to $39,999 6550 97 290 2198 1251 566 494 764 379 256 119 136 2497488
$40,000 to $59,999 3868 15 62 397 695 465 330 628 455 501 274 46 4840403
$60,000 to $79,999 1860 11 27 135 168 236 171 232 222 359 282 15 6862577
$80,000 to $99,999 735 0 8 22 101 58 59 152 71 96 140 28 6729583
$100,000 to $124,999 324 0 12 9 19 17 27 62 50 44 70 12 7943525
$125,000 to $149,999 179 0 5 0 0 0 37 17 26 15 47 31 8838160
$150,000 to $174,999 50 0 0 0 0 0 0 12 14 5 16 4 9600923
$175,000 to $199,999 42 0 1 0 0 0 0 4 11 2 16 8 11870654
$200,000 to $249,999 69 0 0 0 0 5 0 0 9 16 6 33 11367497
$250,000 to $299,999 13 0 0 0 0 0 0 2 0 0 11 0 430808956
$300,000 to $499,999 10 0 0 0 0 0 0 0 4 3 3 0 11497114
$500,000 or more 9 0 0 0 0 0 0 0 3 0 1 5 9261141
Median 34579 11911 14645 28615 30892 40394 39660 42607 49914 55104 66664 21095 ...
Mean 40690 10316 21154 28497 33419 43500 46798 47183 59104 60441 75811 48649 6559254
Other properties 43224 2087 3623 9900 6734 5436 3492 5650 1957 1847 1315 1184 2803576

Purchase Price as Percent of Value@8

Acquired by purchase
55274 2549 4185 12326 8637 6464 4450 7184 2979 2931 2114 1455 2908828
Purchased 1997 to 2001 (part) 17882 765 1281 3628 3106 1543 1267 2061 1278 1327 996 628 2950646
Less than 60 percent 2100 89 196 497 246 218 192 208 139 84 65 167 2751889
60 to 69 percent 1113 14 154 230 169 108 79 126 61 77 53 42 2815691
70 to 79 percent 2189 402 105 307 405 130 170 293 101 121 120 35 2649499
80 to 99 percent 5895 112 413 1193 1195 541 361 666 391 531 393 99 2987700
100 percent or more 6572 149 413 1401 1091 547 465 762 584 514 365 280 3167709
Median 92 77 89 93 92 92 91 92 97 94 93 94 ...
Purchased 1990 to 1996 (part) 11943 696 817 2789 1705 1468 972 1364 698 801 409 224 2913793
Less than 40 percent 1123 159 112 278 135 124 53 88 61 40 62 10 2058347
40 to 59 percent 1810 38 151 516 287 183 160 188 99 92 79 18 2665240
60 to 79 percent 2807 146 206 663 362 314 302 395 139 154 84 42 3018627
80 to 99 percent 2442 211 109 552 377 311 126 269 172 171 74 71 2832364
100 percent or more 3737 142 228 779 544 535 331 415 227 344 109 83 3251109
Median 82 80 74 78 84 87 78 80 86 93 75 92 ...
Purchased 1989 or earlier 25449 1088 2087 5909 3826 3453 2210 3759 1003 802 709 604 2872665
Less than 20 percent 1373 190 155 234 214 234 88 130 38 53 26 12 2478394
20 to 39 percent 2600 236 241 735 391 252 238 207 104 97 62 36 2178447
40 to 59 percent 3785 120 345 894 514 802 218 366 162 123 156 86 2955701
60 to 79 percent 4994 180 376 1076 504 386 309 1739 152 122 75 74 3836462
80 to 99 percent 3048 88 251 609 407 387 626 289 129 98 77 87 3324604
100 percent or more 9506 275 719 2353 1706 1392 728 1020 418 308 313 274 2743666
Median 80 60 76 80 92 83 88 73 87 81 89 98 ...
Not acquired by purchase 5832 303 718 1203 1203 516 309 527 256 244 197 356 2427610

Monthly Rental Receipts Per Housing Unit

Acquired before 2000
54526 2432 4494 12000 8970 6290 4345 7005 2813 2745 1911 1520 2844609
Less than $100 1463 475 123 317 189 43 26 39 41 9 20 180 1136001
$100 to $199 1765 425 332 166 516 57 46 23 21 24 8 146 1309669
$200 to $299 2887 193 825 914 326 194 101 101 42 32 11 147 1384697
$300 to $399 6626 339 1104 2511 892 853 278 277 123 71 23 156 1714056
$400 to $499 8908 331 900 2868 1688 892 614 740 316 239 91 230 2141967
$500 to $599 10033 284 465 2740 1940 1262 923 1212 521 348 171 165 2744671
$600 to $799 7253 233 376 1289 1176 1082 679 1039 438 586 262 91 3467541
$800 to $999 9959 105 240 867 1351 1369 1158 2556 679 805 663 167 4833636
$1000 or more 5474 33 120 303 840 525 508 1005 621 627 653 238 5716956
No rental receipts 157 14 8 25 52 12 11 13 10 3 9 0 2614383
Median 555 334 387 473 544 587 652 805 754 815 910 457 ...
Mean 644 353 440 501 600 666 807 778 822 950 1048 551 5371019
Acquired 2000 and 2001 (part) 6579 419 410 1528 869 690 414 706 422 430 400 291 2905624

Age Restrictions

Property restricted to people
age 55 or older
10468 568 596 2177 1827 1400 1284 1173 485 356 286 316 2949789
Property not restricted to people
age 55 or older
48401 2223 3915 10932 7725 5293 3388 6309 2614 2712 1914 1377 2833951
Not reported 2236 61 392 420 288 287 87 229 137 107 110 119 2647155

Age Composition

Over one-half the residents of the
building age 55 or older
3452 405 222 706 500 525 220 420 175 127 88 65 2721562
Over one-half the residents of the
building not age 55 or older
43396 1755 3505 9846 6963 4632 3034 5805 2338 2522 1751 1245 2857375
Not reported 14258 691 1177 2977 2377 1823 1504 1486 723 526 472 501 2855389

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

Property provides meal service
5664 225 291 802 856 793 842 807 352 304 235 157 3731829
Charge included in rent 3546 125 166 491 548 463 368 548 281 249 203 106 3845704
Charge not included in rent 694 36 25 77 82 167 63 128 46 36 23 12 3728896
Not reported 1424 64 100 234 226 164 411 131 25 20 9 40 3412797
Property does not provide meal
service
7803 736 530 1960 1359 1036 619 675 315 162 140 270 2397543
Not reported 47639 1891 4083 10766 7626 5150 3298 6228 2569 2708 1935 1384 2837659

OWNER CHARACTERISTICS


Type of Owner

Individual investor(s)
7408 690 850 2308 1179 870 340 426 183 151 63 349 1862035
Limited partnership 26622 935 2164 5360 4477 2847 2518 3237 1603 1731 1151 598 3026907
Joint venture 661 12 39 93 73 89 59 70 57 75 68 27 4185529
General partnership 4472 231 434 1131 827 472 289 428 201 182 156 121 2458635
Life insurance company 108 0 9 13 21 15 3 8 5 7 11 13 3217968
Depository institution 5 0 0 4 0 1 0 0 0 0 0 0 1695040
Public real estate investment trust 1006 29 22 85 91 79 125 134 146 137 137 22 6154541
Private real estate investment trust 225 0 58 67 13 27 3 2 26 18 12 0 1810453
Corporation - other than real estate
investment trust
12605 515 820 2728 1529 1586 850 2629 612 538 369 428 3312336
Housing cooperative organization 2222 57 180 681 649 178 88 154 68 60 62 44 2262984
Non-profit or church-related institution 3912 291 187 744 706 585 379 417 197 133 128 144 2937187
Pension fund 84 0 0 3 1 0 1 3 41 10 19 6 9406733
Fraternal organization 11 0 0 2 9 0 0 0 0 0 0 0 2385566
Other 1765 92 140 308 265 231 104 203 97 132 135 59 3208790

MORTGAGE CHARACTERISTICS


Number of Mortgages

1 mortgage
53963 2431 4257 11765 8672 6290 3947 7132 2925 2825 1988 1732 2883667
2 mortgages 5745 270 499 1346 944 592 709 477 263 289 284 71 2763498
3 or more mortgages 1398 151 147 417 224 98 103 103 48 61 39 8 1952266

Form of Debt of First Mortgage

Mortgage or deed of trust
61103 2852 4903 13528 9840 6980 4756 7711 3236 3175 2311 1811 2849856
Contract to purchase 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 3 0 0 0 0 0 4500000

Method of Loan Application

By computer over the Internet or
by e-mail
111 0 4 15 43 9 6 11 3 6 14 0 2851316
By telephone or FAX 6929 439 696 1205 916 770 815 902 394 448 273 71 3224269
By regular mail 6759 165 456 1527 1200 847 701 725 371 359 223 187 2949720
By personal visit 19750 1463 1901 5070 3147 1984 1356 1757 922 846 724 579 2365763
Through third party (such as real
estate agent or builder)
14847 410 709 3072 2762 1609 1119 2890 724 821 575 155 3244222
Some other way 3528 123 150 808 659 432 243 421 194 253 161 87 2970727
Not reported 6304 205 583 1152 733 989 355 661 437 291 239 660 3151123
Not available 2877 47 404 680 380 341 165 345 190 151 102 73 2713781

Origin of First Mortgage

Mortgage made at time property acquired
36496 2099 3201 8178 6171 4388 2505 3675 1795 1752 1262 1472 2653900
Mortgage assumed at the time property
acquired
5272 151 625 1124 1021 547 312 559 328 301 194 109 2666850
Mortgage placed later than acquisition of
property
19337 602 1077 4226 2648 2045 1942 3476 1112 1121 856 230 3488940
Refinanced mortgage 18234 522 1035 3991 2571 1956 1859 3379 1040 897 800 185 3462990
Same lender 4495 251 379 1099 678 488 400 532 264 186 173 44 2731174
Different lender 13740 271 655 2892 1893 1468 1459 2847 776 711 626 141 3741126
Mortgage placed on property
owned free and clear of debt
1102 80 43 235 77 89 83 98 72 225 56 45 4063617
Not available 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 602 1077 4226 2648 2045 1942 3476 1112 1121 856 230 3488940
Obtain lower interest rate 9955 215 543 1971 1310 1115 774 2495 485 495 422 130 3782735
Increase payment period for mortgage 529 12 29 59 133 81 52 58 70 17 20 0 3402423
Reduce payment period for mortgage 42 4 20 10 4 3 0 1 1 0 0 0 935209
Renew or extend loan that had fallen
due, without increasing outstanding
balance
2251 85 143 561 269 239 281 290 171 132 66 13 3252732
Receive cash or increase outstanding
balance of loan
3944 68 189 890 592 344 660 379 226 363 197 36 3624843
Other reason 1779 206 118 439 262 175 126 164 62 70 114 44 2400061
Not reported 836 12 35 297 78 87 50 89 98 45 37 8 2894862
Other properties 41769 2250 3826 9302 7192 4935 2817 4234 2124 2053 1455 1581 2655738
Not available 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 134 350 1910 1111 982 643 2415 471 563 379 14 3992023
Less than $1,000,000 4100 128 322 1395 759 518 327 400 116 94 41 0 2270587
$1,000,000 to $1,999,999 2984 2 21 443 194 264 128 1690 123 66 52 0 5648115
$2,000,000 to $2,999,999 566 0 0 40 147 53 47 131 73 35 41 0 4917960
$3,000,000 to $3,999,999 346 0 0 10 3 127 11 49 41 72 33 0 6147656
$4,000,000 to $4,999,999 272 0 0 2 0 14 126 18 28 43 40 0 4948469
$5,000,000 to $7,499,999 175 4 5 3 0 4 0 97 18 15 29 0 6834879
$7,500,000 to $9,999,999 129 0 0 13 1 1 4 3 53 26 28 0 9499390
$10,000,000 to $14,999,999 232 0 0 4 3 0 0 6 2 198 18 0 12533195
$15,000,000 to $19,999,999 68 0 0 0 0 0 0 1 15 3 48 0 308906920
$20,000,000 to $29,999,999 48 0 1 0 4 0 0 2 0 4 24 14 277861947
$30,000,000 to $39,999,999 14 0 0 0 0 0 0 0 0 7 7 0 63466305
$40,000,000 to $49,999,999 5 0 0 0 0 0 0 0 0 0 5 0 507500000
$50,000,000 or more 34 0 0 0 0 0 0 18 1 1 14 0 7391458
Not reported 0 0 0 0 0 0 0 0 0 0 0 0 0
Median 1129499 523975 542895 684834 731810 947031 982514 1477709 1974616 4350869 4587088 25000000 ...
Mean 2430523 427834 444880 712121 931173 1181562 1583837 2605132 3470642 6557790 13454140 21825000 13299416
Properties that refinanced
and did not receive cash back
7859 372 603 1709 1127 775 1109 804 465 453 380 62 3113512
Properties that refinanced
and did not report if received
cash back
2505 96 125 607 410 288 190 258 176 105 96 154 2848253
Properties that did not
refinance
41769 2250 3826 9302 7192 4935 2817 4234 2124 2053 1455 1581 2655738
Not available 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 134 350 1910 1111 982 643 2415 471 563 379 14 3992023
For additions, improvements or repairs
to this property
5820 74 247 1234 647 538 311 2037 240 303 189 0 4544730
To consolidate debts 635 7 43 129 117 54 77 74 48 44 42 0 3387113
For investment in other real estate 4237 31 112 709 390 406 239 1814 211 155 171 0 5319621
For other types of investments 1077 0 66 201 189 159 95 166 64 76 61 0 3521215
For educational or medical expenses 17 0 3 4 0 1 3 1 3 0 0 0 3935778
To start a business 6 0 0 3 0 2 0 0 1 0 0 0 3135036
To settle a divorce 7 0 0 2 0 0 0 4 0 0 0 0 5567346
To pay taxes 113 0 11 39 13 0 5 23 0 10 12 0 2448417
To purchase an automobile, truck, or
other vehicle
20 0 3 0 0 6 3 6 0 2 0 0 4309376
To purchase consumer product other than
automobile, truck, or other vehicle
76 0 0 58 3 0 2 13 0 0 0 0 1657623
Other 1024 5 38 200 144 126 88 146 80 108 75 14 3936230
Not reported 249 39 0 68 10 69 13 20 14 13 2 0 3108792
Properties that refinanced
and did not receive cash back
7859 372 603 1709 1127 775 1109 804 465 453 380 62 3113512
Properties that refinanced
and did not report if received
cash back
2505 96 125 607 410 288 190 258 176 105 96 154 2848253
Properties that did not
refinance
41769 2250 3826 9302 7192 4935 2817 4234 2124 2053 1455 1581 2655738
Not available 0 0 0 0 0 0 0 0 0 0 0 0 0

Current Interest Rate on First Mortgage

Less than 6.0 percent
23595 1083 2290 5207 3720 3015 1576 2293 1159 1216 861 1176 2706925
6.0 percent 373 126 67 29 33 39 18 20 4 11 28 0 953764
6.1 to 6.4 percent 792 23 36 165 112 92 60 106 125 50 23 0 3650009
6.5 to 6.9 percent 2523 275 114 467 372 317 164 294 166 186 167 0 3107288
7.0 percent 5126 114 260 1007 1461 498 380 490 341 304 157 114 2769653
7.1 to 7.4 percent 2574 104 139 601 435 337 242 368 108 128 107 5 3017150
7.5 to 7.9 percent 6142 95 331 1297 762 702 348 1909 208 291 194 5 3831833
8.0 percent 1121 28 170 292 169 146 58 85 88 54 33 0 2418947
8.1 to 8.4 percent 2405 123 212 510 480 257 232 255 129 146 60 0 2744438
8.5 to 8.9 percent 2000 126 321 513 271 178 138 206 70 75 102 0 2148018
9.0 percent 1201 137 68 435 57 38 346 80 19 10 5 6 1903305
9.1 to 9.4 percent 800 18 49 185 160 113 89 99 56 10 20 0 2921206
9.5 to 9.9 percent 639 32 70 157 111 39 91 92 11 14 22 0 2544120
10.0 percent 300 103 65 45 33 11 5 23 12 3 0 0 862694
10.1 to 10.4 percent 288 12 23 91 28 25 24 60 3 11 12 0 2651382
10.5 to 10.9 percent 433 39 36 115 89 56 21 38 14 12 12 0 2288003
11.0 percent 482 87 22 86 60 42 48 57 24 15 8 33 2491660
11.1 to 12.9 percent 876 55 53 219 120 94 93 146 33 53 10 0 2919407
13.0 percent 166 0 20 39 42 26 7 15 2 5 0 10 2442055
13.1 percent or more 9269 274 557 2067 1324 956 817 1074 664 582 491 462 3189376
Not reported 0 0 0 0 0 0 0 0 0 0 0 0 0
Median 7.1 6.9 6.8 7.1 7.0 7.0 7.4 7.6 7.0 7.0 7.0 4.6 ...

Type of Interest Rate Buydown

Properties with interest rate
buydown
107 0 5 52 19 28 0 3 0 1 0 0 1943558
Constant payment 21 0 0 1 11 6 0 3 0 1 0 0 2874471
3-2-1 buydown 5 0 5 0 0 0 0 0 0 0 0 0 750000
Other 22 0 0 4 2 16 0 0 0 0 0 0 3340538
Not reported 59 0 0 47 6 6 0 0 0 0 0 0 1632246
Properties without interest
rate buydown
19686 1010 1582 4603 2721 2101 1768 3408 900 911 676 5 2972462
Not reported 41312 1842 3316 8874 7100 4850 2991 4300 2335 2262 1635 1806 2805726

Term of First Mortgage

Less than 5 years
466 15 8 124 61 117 26 38 19 41 20 0 3227058
5 years 956 101 83 400 177 67 20 46 27 20 14 0 1733427
6 to 9 years 820 16 66 225 98 72 44 120 63 54 62 0 3073528
10 years 6748 147 377 996 782 714 492 2235 374 378 253 0 4727346
11 to 14 years 469 4 68 143 38 35 64 56 19 21 20 0 2483533
15 years 1667 188 192 625 220 84 92 112 69 50 37 0 1726333
16 to 19 years 669 7 91 71 46 33 383 25 5 4 3 0 4227076
20 years 983 27 107 327 229 77 51 75 40 19 26 5 2121205
21 to 24 years 244 5 37 13 42 27 20 50 32 9 9 0 3948196
25 years 989 106 122 256 133 112 69 81 43 43 25 0 2083434
26 to 29 years 153 53 0 16 33 14 8 7 15 5 1 0 2221578
30 years 8755 529 468 2042 1398 1047 695 977 494 503 384 217 2880062
More than 30 years 3037 290 287 824 441 401 238 350 70 77 59 1 2265596
No stated term 35148 1365 2998 7466 6142 4179 2557 3539 1965 1951 1398 1588 2806191
Median 24 30 21 25 29 30 20 11 23 25 25 30 ...

Servicer of First Mortgage

Commercial bank or trust company
11525 557 1190 3148 1792 1314 744 1047 558 500 352 324 2393375
Savings and loan association, federal
savings bank
6822 319 794 1836 1053 711 448 582 368 272 200 239 2325535
Mutual savings bank 899 49 81 274 180 42 36 88 24 53 20 52 2108165
Life insurance company 1711 81 51 274 129 229 259 284 87 139 131 46 4263642
Mortgage banker or mortgage company 26484 1084 1604 5073 4579 2749 2186 4177 1555 1570 1171 736 3194070
Federally-sponsored secondary market
agency or pool
57 0 0 0 0 8 5 34 4 6 0 0 6136573
Conventional mortgage pool 295 41 9 38 87 24 17 38 10 19 12 0 2679317
Other federal agency 3231 382 304 1034 388 347 209 235 127 99 57 50 1875371
Real estate investment trust 53 0 0 2 5 1 6 19 14 3 3 0 6622943
Pension or retirement fund 46 0 7 0 13 4 0 7 1 2 11 0 3571596
Credit union 1522 18 124 198 176 448 65 139 104 66 57 128 3404352
Finance company 975 50 61 196 195 114 89 114 41 59 37 18 2875160
State or municipal government or
housing finance agency
4311 116 328 735 660 696 433 575 226 244 168 129 3360610
Individual or individual's estate 1116 73 242 243 155 77 91 116 32 32 26 29 1940700
Other 2059 81 107 477 429 216 171 256 85 111 66 60 2780103

Holder's Acquisition of First Mortgage

Originated directly from borrower
33613 1488 2722 7413 5399 3897 2340 4886 1686 1659 1187 936 2873435
Purchased from present servicer 15749 788 1179 3693 2222 1791 1514 1586 968 852 709 448 2896049
Purchased from someone else 11743 576 1002 2423 2220 1292 905 1239 581 663 415 427 2746906
Not reported 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 2035 3181 8403 6179 4519 2614 3818 1960 1864 1308 1229 2699383
Less than 40 percent 2519 618 506 691 304 139 80 74 44 40 23 0 1195576
40 to 49 percent 1251 96 264 282 231 112 95 89 35 26 21 0 1940779
50 to 59 percent 2288 49 216 532 378 298 206 300 168 71 71 0 2917316
60 to 69 percent 3785 48 420 847 708 472 261 433 235 212 151 0 2816907
70 to 79 percent 5010 179 420 1198 1141 507 345 476 254 284 206 0 2621065
80 to 89 percent 5169 274 416 1328 676 515 403 552 415 388 203 0 2838700
90 to 94 percent 2084 79 73 532 385 245 185 283 120 120 62 0 2929839
95 to 99 percent 1854 79 82 449 243 284 129 202 145 143 99 0 3263584
100 percent or more 11822 613 773 2539 2050 1947 908 1399 542 581 470 0 2968825
Not reported 1326 0 12 6 62 1 1 12 2 0 1 1229 2491562
Median 86 81 74 85 84 94 88 90 86 88 89 0 ...
Other properties 23996 817 1722 5125 3661 2461 2145 3893 1276 1310 1003 582 3154991
Not available 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 2035 3181 8403 6179 4519 2614 3818 1960 1864 1308 1229 2699383
Less than 40 percent 1863 456 348 536 239 86 47 60 37 35 21 0 1237832
40 to 49 percent 1016 47 230 278 215 104 55 31 24 19 13 0 1830697
50 to 59 percent 1467 36 212 392 200 188 99 155 108 38 41 0 2467530
60 to 69 percent 10626 360 1020 2474 1821 1384 889 1251 531 536 360 0 2801550
70 to 79 percent 5689 245 400 1303 1189 615 335 632 334 356 280 0 2753723
80 to 89 percent 4566 242 351 1124 659 461 320 529 361 328 191 0 2860698
90 to 94 percent 1747 115 37 454 333 190 144 223 99 103 51 0 2806185
95 to 99 percent 1262 28 47 322 122 194 86 138 133 96 98 0 3579715
100 percent or more 7645 506 538 1521 1402 1298 640 800 333 353 254 0 2897045
Not reported 1229 0 0 0 0 0 0 0 0 0 0 1229 0
Median 75 75 68 74 75 78 76 77 78 79 78 0 ...
Other properties 23996 817 1722 5125 3661 2461 2145 3893 1276 1310 1003 582 3154991
Not available 0 0 0 0 0 0 0 0 0 0 0 0 0

First Mortgage Risk

Subprime loan
4040 115 301 756 1201 445 377 338 177 106 109 115 2657506
Not subprime loan 57065 2736 4602 12772 8638 6535 4382 7373 3059 3069 2202 1696 2876773
Not reported 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 974 982 1116 663 350 125 164 111 48 42 5 1297116
20 to 29 percent 3251 384 539 1021 449 208 181 264 67 89 43 5 1684939
30 to 39 percent 4919 354 607 1597 850 494 362 290 180 90 86 9 1935781
40 to 49 percent 7373 156 944 1898 1382 937 511 724 341 323 153 2 2496580
50 to 59 percent 9585 202 636 1951 1787 1615 775 1082 592 561 374 9 3130916
60 to 69 percent 10228 320 437 1984 1353 1053 1115 2522 510 513 419 2 3967447
70 to 79 percent 7574 197 313 1534 1182 857 650 1100 647 634 447 12 3647750
80 to 89 percent 4551 112 166 918 853 470 516 614 312 356 234 0 3482539
90 to 99 percent 3179 52 85 633 538 481 228 500 214 261 187 1 3585560
100 percent or more 4120 100 193 877 782 514 296 449 261 300 327 21 3189630
Not reported or not computed 1746 2 0 0 0 0 0 0 0 0 0 1744 250001
Median 60 32 43 56 59 59 64 65 66 69 71 71 ...

MORTGAGE PAYMENTS AND OTHER EXPENSES


Items Included in First Mortgage
Payment@1

Regular monthly payments of
both interest and principal
57200 2782 4483 12960 9614 6526 4593 7417 2991 2957 2117 759 2831632
Real estate taxes 14694 462 851 2783 2091 1785 1487 3262 787 711 470 5 3648685
Property insurance 10761 200 472 1630 1418 1401 1289 2841 609 536 362 5 4200125
Mortgage insurance 4644 147 133 549 539 498 313 1997 128 205 131 5 5177112
Other 8849 269 341 1252 1133 1244 1131 2394 354 463 267 0 4163525
No items included or not reported 42191 2320 3600 10135 7455 4701 3059 4124 2192 2227 1623 755 2625538
No regular payments of interest
and principal
3906 70 420 568 226 454 166 294 245 218 194 1052 3314344

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

Acquired before 2000 and regular
payments of interest and/or
principal
51659 2375 4201 11575 8810 5979 4226 6823 2636 2601 1828 604 2837302
Less than 20 percent 6594 966 1187 1553 744 842 270 429 172 206 135 89 1708164
20 to 29 percent 9382 443 1093 2403 2216 908 651 788 394 218 220 49 2328173
30 to 39 percent 12803 230 807 2767 2178 1499 1003 2849 537 509 341 82 3251631
40 to 49 percent 10146 107 364 2331 1712 1414 1256 1278 591 557 442 94 3362483
50 to 59 percent 5931 148 217 1066 911 730 625 763 471 645 301 55 3817342
60 to 69 percent 2721 324 212 527 347 256 207 310 166 210 137 24 2821793
70 to 79 percent 1032 35 104 141 124 84 47 99 114 92 37 155 3400458
80 to 89 percent 440 75 8 128 70 32 17 25 8 43 31 2 2113060
90 to 99 percent 369 3 31 52 76 50 14 74 17 31 18 4 3419378
100 percent or more 2113 30 170 586 385 151 132 200 160 88 161 51 2637671
Not reported or not computed 127 14 8 21 46 11 5 8 7 3 5 0 2454609
Median 38 25 28 37 37 38 41 38 44 47 45 49 ...
Other properties 9446 477 702 1953 1030 1001 533 888 600 573 483 1207 2958596

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