Skip Main Navigation Skip To Navigation Content

Residential Finance Survey

Skip top of page navigation
You are here: Census.govPeople and HouseholdsResidential Finance Survey MainData › ›

Residential Finance Survey: 2001 - Northeast
Table 8-2b. Type of First Mortgage, Condominium Properties
^Number of mortgaged properties in thousands.
For information on confidentiality protection, sampling error, nonsampling error, and definitions, see text.
For minimum base of derived figures (percent, median, etc.) and meaning of symbols, see text.
Monthly Rental Receipts, Rental Receipts as Percent of Value, Rental Vacancy Losses as Percent of Potential Receipts, Interest and Principal Payments on First Mortgage as Percent of Rental Receipts and Real Estate Tax as Percent of Rental Receipts acquired before 2000 exclude properties with less than half of units in rental market during all of year preceding survey and cooperatively owned apartments^^

Fixed rate mortgage
Total mortgaged
properties
Amortized Short term with
balloon payment
Adjustable rate
mortgage (ARM)
Other mortgage

Homeowner condominium
properties with traditional
first mortgage
612 494 27 83 8

PROPERTY CHARACTERISTICS


Manner of Acquisition

By purchase
544 444 27 64 8
Placed one new mortgage 518 428 19 62 8
Placed two or more new mortgages 7 4 0 2 0
Assumed mortgage(s) already on property 9 2 7 0 0
Assumed mortgage(s) already on property
and placed new mortgage
7 7 0 0 0
Borrowed using assets other than this
property as collateral
3 3 0 0 0
Paid all cash-no borrowing 0 0 0 0 0
Other manner 0 0 0 0 0
By inheritance or gift 0 0 0 0 0
By divorce 0 0 0 0 0
By some other manner 3 2 0 2 0
Not reported 65 47 0 17 0

Source of Downpayment@1

Properties purchased
1995 to 2001 (part)
339 293 2 44 0
Sale of previous home 85 76 0 9 0
Sale of other real property or other
investments
21 12 0 8 0
Savings 200 168 2 30 0
Borrowing from a retirement plan 7 7 0 0 0
Borrowing using assets other than this
property as collateral
14 14 0 0 0
Proceeds from an insurance policy 0 0 0 0 0
Payments in a lease-purchase agreement 0 0 0 0 0
From a state or local government source 0 0 0 0 0
From a non-profit organization 0 0 0 0 0
From parents or relatives 39 37 0 2 0
Other 5 0 0 5 0
No downpayment required 2 2 0 0 0
Not reported 20 18 0 2 0
Other properties 225 169 24 24 8
Not reported 47 32 0 16 0

Year Property Acquired

1999 to 2001 (part)
208 179 2 27 0
1997 and 1998 115 86 0 30 0
1995 and 1996 63 60 0 3 0
1990 to 1994 64 58 3 0 2
1985 to 1989 93 62 6 19 7
1980 to 1984 35 33 0 2 0
1975 to 1979 34 15 15 3 0
1970 to 1974 0 0 0 0 0
1969 or earlier 0 0 0 0 0

Property New or Previously Occupied When
Acquired

Acquired by purchase
544 444 27 64 8
New 144 118 3 16 7
Previously occupied by someone else 400 327 24 48 2
Converted from non-residential use 0 0 0 0 0
Other 0 0 0 0 0
Not reported 0 0 0 0 0
Other properties 3 2 0 2 0
Not reported 65 47 0 17 0

Year Structure Built

1999 to March 2000
13 13 0 0 0
1997 and 1998 45 25 0 20 0
1995 and 1996 15 15 0 0 0
1990 to 1994 66 56 3 5 2
1980 to 1989 258 219 0 33 7
1970 to 1979 136 103 16 17 0
1960 to 1969 26 24 0 2 0
1950 to 1959 16 16 0 0 0
1940 to 1949 15 12 0 4 0
1939 or earlier 21 11 7 2 0

Purchase Price

Properties acquired by
purchase 1997 to 2001 (part)
276 233 2 41 0
Less than $20,000 0 0 0 0 0
$20,000 to $39,999 2 2 0 0 0
$40,000 to $59,999 20 14 0 7 0
$60,000 to $79,999 33 31 0 2 0
$80,000 to $99,999 33 30 2 0 0
$100,000 to $124,999 50 45 0 5 0
$125,000 to $149,999 32 25 0 7 0
$150,000 to $174,999 26 24 0 2 0
$175,000 to $199,999 16 16 0 0 0
$200,000 to $249,999 17 11 0 5 0
$250,000 to $299,999 16 16 0 0 0
$300,000 to $499,999 12 7 0 6 0
$500,000 or more 20 13 0 7 0
Median 124840 121970 90000 147998 20000-
Mean 178239 168120 82900 241764 0
Other properties 336 261 24 43 8

Value

Less than $20,000
2 2 0 0 0
$20,000 to $39,999 9 9 0 0 0
$40,000 to $59,999 27 13 8 7 0
$60,000 to $79,999 48 46 0 0 2
$80,000 to $99,999 87 72 0 8 7
$100,000 to $124,999 97 90 2 5 0
$125,000 to $149,999 66 50 5 11 0
$150,000 to $174,999 72 52 0 21 0
$175,000 to $199,999 64 59 1 4 0
$200,000 to $249,999 24 15 3 5 0
$250,000 to $299,999 32 32 0 0 0
$300,000 to $499,999 53 31 7 14 0
$500,000 or more 31 23 0 9 0
Median 138928 132749 142565 163527 87218
Mean 181176 170154 206266 247909 88165

Value of Capital Improvements

Properties with capital
improvements between 1998
and 2000
209 171 0 39 0
Less than $500 6 6 0 0 0
$500 to $999 10 3 0 7 0
$1,000 to $2,499 62 51 0 11 0
$2,500 to $4,999 45 37 0 9 0
$5,000 to $7,499 37 35 0 2 0
$7,500 to $9,999 6 6 0 0 0
$10,000 to $14,999 14 14 0 0 0
$15,000 to $19,999 3 3 0 0 0
$20,000 to $29,999 0 0 0 0 0
$30,000 or more 27 17 0 10 0
Median 4011 4276 500- 2915 500-
Mean 14225 13420 0 17746 0
Properties with no capital
improvements between 1998 and 2000
272 219 19 25 8
Capital improvements not
reported
131 104 8 19 0

Age Restrictions

Condominium building restricted to
people age 55 or older
0 0 0 0 0
Condominium building not restricted to
people age 55 or older
563 459 27 69 8
Not reported 49 35 0 15 0

Type of Property Benefits@1

Government-sponsored below-market
interest rate mortgage loan
6 6 0 0 0
Other government grant or subsidy 8 2 0 6 0
Property tax relief 36 36 0 0 0
Subsidy from a non-profit corporation 0 0 0 0 0
None of the above benefits 386 309 26 52 0
Not reported 176 141 1 25 8

Source of Property Benefits@1

With property benefits
50 44 0 6 0
Federal government 12 6 0 6 0
State government 23 23 0 0 0
Local government 16 16 0 0 0
Non-profit corporation 0 0 0 0 0
Not reported 0 0 0 0 0
With no property benefits 386 309 26 52 0
Not reported 176 141 1 25 8

Reason for Benefits@1

With property benefits
50 44 0 6 0
Occupied by low- or moderate-income
individuals
13 7 0 6 0
Occupied by elderly or disabled
individuals
0 0 0 0 0
A historic structure 0 0 0 0 0
Located in a community development or
economic development area
4 4 0 0 0
Covered by a Homestead Exemption 10 10 0 0 0
Covered by a Community Land Trust 0 0 0 0 0
Covered by disaster relief 0 0 0 0 0
Other reason 15 15 0 0 0
Not reported 10 10 0 0 0
With no property benefits 386 309 26 52 0
Not reported 176 141 1 25 8

OWNER CHARACTERISTICS


Owner Status

1 owner
354 286 14 45 8
2 owners 235 197 12 26 0
3 or more owners 23 11 0 12 0

Age of Owner

Under 25
19 19 0 0 0
25 to 34 111 78 3 23 7
35 to 44 98 84 2 10 2
45 to 54 169 131 1 37 0
55 to 64 109 104 5 0 0
65 to 74 33 21 7 4 0
75 and over 13 12 0 2 0
Not reported 59 44 8 7 0
Median 47 48 60 46 31

Race of Owner

White alone
538 421 27 81 8
Black or African American alone 30 30 0 0 0
American Indian or Alaska Native alone 0 0 0 0 0
Asian alone 42 40 0 2 0
Native Hawaiian or Other Pacific
Islander alone
0 0 0 0 0
Two or more races 3 3 0 0 0

Sex of Owner

Male/Male and female co-owners
364 293 15 56 0
Female 248 201 12 27 8

Hispanic/Latino Origin

Hispanic/Latino owner(s) only
39 37 0 2 0
No Hispanic/Latino owner(s) 573 457 27 81 8

Veteran Status@1

Veteran
92 83 7 2 0
Active member of Reserves or National
Guard for at least 6 years
14 14 0 0 0
Persian Gulf War or after
(August 1990 to present)
10 10 0 0 0
Vietnam or after
(August 1964 to July 1990)
34 34 0 0 0
Korean conflict or after
(July 1950 to July 1964)
41 34 7 0 0
World War II or after
(September 1940 to June 1950)
9 8 0 2 0
Nonveteran 461 357 19 76 8
Not reported 59 53 0 5 0

Income

Less than $5,000
50 34 2 14 0
$5,000 to $9,999 0 0 0 0 0
$10,000 to $14,999 0 0 0 0 0
$15,000 to $19,999 9 6 3 0 0
$20,000 to $24,999 14 12 0 3 0
$25,000 to $29,999 34 32 0 2 0
$30,000 to $34,999 26 19 8 0 0
$35,000 to $39,999 42 42 0 0 0
$40,000 to $49,999 53 46 0 6 0
$50,000 to $59,999 52 42 0 8 2
$60,000 to $79,999 147 111 6 30 0
$80,000 to $99,999 83 69 7 0 7
$100,000 to $119,999 28 24 0 4 0
$120,000 or more 74 58 0 16 0
Median 63602 62778 60710 65690 87218
Mean 79144 76654 53258 102495 76906

Owned Home Previously

Previously owned home
324 263 24 37 0
Never owned home before 251 205 3 34 8
Not reported 37 25 0 12 0

MORTGAGE CHARACTERISTICS


Method of Loan Application

By computer over the Internet or
by e-mail
8 8 0 0 0
By telephone or FAX 58 39 0 18 0
By regular mail 7 7 0 0 0
By personal visit 376 321 11 36 8
Through third party (such as real
estate agent or builder)
120 94 5 21 0
Some other way 0 0 0 0 0
Not reported 36 18 11 8 0
Not available 7 7 0 0 0

Origin of First Mortgage

Mortgage made at time property acquired
509 415 13 72 8
Mortgage assumed at the time property
acquired
12 12 0 0 0
Mortgage placed later than acquisition of
property
91 66 14 11 0
Refinanced mortgage 84 66 6 11 0
Same lender 14 11 1 2 0
Different lender 69 55 5 9 0
Mortgage placed on property
owned free and clear of debt
7 0 7 0 0
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
91 66 14 11 0
Obtain lower interest rate 72 56 6 9 0
Increase payment period for mortgage 0 0 0 0 0
Reduce payment period for mortgage 0 0 0 0 0
Renew or extend loan that had fallen
due, without increasing outstanding
balance
7 7 0 0 0
Receive cash or increase outstanding
balance of loan
12 3 7 2 0
Other reason 0 0 0 0 0
Not reported 0 0 0 0 0
Other properties 521 427 13 72 8
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
30 21 7 2 0
Less than $20,000 13 13 0 0 0
$20,000 to $39,999 10 9 0 2 0
$40,000 to $59,999 0 0 0 0 0
$60,000 to $79,999 0 0 0 0 0
$80,000 to $99,999 0 0 0 0 0
$100,000 to $124,999 0 0 0 0 0
$125,000 to $149,999 7 0 7 0 0
$150,000 to $174,999 0 0 0 0 0
$175,000 to $199,999 0 0 0 0 0
$200,000 to $249,999 0 0 0 0 0
$250,000 to $299,999 0 0 0 0 0
$300,000 or more 0 0 0 0 0
Median 25067 20000- 137500 30000 20000-
Mean 39669 11250 125000 20000 0
Properties that refinanced
and did not receive cash back
58 42 6 9 0
Properties that refinanced
and did not report if received
cash back
3 3 0 0 0
Properties that did not
refinance
521 427 13 72 8
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
30 21 7 2 0
For additions, improvements or repairs
to this property
16 9 7 0 0
To consolidate debts 18 9 7 2 0
For investment in other real estate 0 0 0 0 0
For other types of investments 3 3 0 0 0
For educational or medical expenses 3 3 0 0 0
To start a business 0 0 0 0 0
To settle a divorce 0 0 0 0 0
To pay taxes 0 0 0 0 0
To purchase an automobile, truck, or
other vehicle
10 10 0 0 0
To purchase consumer product other than
automobile, truck, or other vehicle
0 0 0 0 0
Other 0 0 0 0 0
Not reported 0 0 0 0 0
Properties that refinanced
and did not receive cash back
58 42 6 9 0
Properties that refinanced
and did not report if received
cash back
3 3 0 0 0
Properties that did not
refinance
521 427 13 72 8
Not available 0 0 0 0 0

Year First Mortgage Made or
Assumed

1999 to 2001 (part)
262 221 11 30 0
1997 and 1998 134 104 0 30 0
1995 and 1996 68 59 0 9 0
1990 to 1994 50 45 3 0 2
1985 to 1989 51 27 5 12 7
1980 to 1984 23 21 0 2 0
1979 or earlier 23 15 8 0 0

First Mortgage Insurance Status

FHA-insured first mortgage
43 21 11 11 0
VA-guaranteed first mortgage 28 22 0 7 0
Rural Housing Service-Rural Development-
insured or -guaranteed first mortgage
14 14 0 0 0
Other federal, state, or local
government-insured or guaranteed
first mortgage
12 8 0 2 2
Insured conventional first mortgage 92 80 0 11 0
Uninsured conventional first mortgage 423 348 16 53 7
Not reported 0 0 0 0 0

Traditional First Mortgage Loan

Less than $20,000
3 3 0 0 0
$20,000 to $29,999 40 34 0 6 0
$30,000 to $39,999 44 36 8 0 0
$40,000 to $49,999 39 29 0 4 7
$50,000 to $59,999 61 49 0 12 0
$60,000 to $79,999 133 113 11 7 2
$80,000 to $99,999 72 58 1 13 0
$100,000 to $149,999 101 81 7 13 0
$150,000 to $199,999 75 59 0 16 0
$200,000 to $249,999 17 15 0 2 0
$250,000 to $299,999 7 3 0 4 0
$300,000 or more 20 13 0 7 0
Not reported 0 0 0 0 0
Median 77855 76803 71015 100357 46390
Mean 101592 98379 80374 132647 50830

Total Mortgage Loan

Less than $20,000
3 3 0 0 0
$20,000 to $29,999 40 34 0 6 0
$30,000 to $39,999 44 36 8 0 0
$40,000 to $49,999 25 22 0 4 0
$50,000 to $59,999 63 51 0 12 0
$60,000 to $79,999 138 113 11 7 7
$80,000 to $99,999 74 58 1 13 2
$100,000 to $149,999 101 81 7 13 0
$150,000 to $199,999 66 50 0 16 0
$200,000 to $249,999 17 15 0 2 0
$250,000 to $299,999 21 17 0 4 0
$300,000 or more 20 13 0 7 0
Not reported 0 0 0 0 0
Median 78949 77717 71015 100357 72781
Mean 105656 103141 80374 132647 67095

Traditional First Mortgage Outstanding
Debt

Less than $10,000
19 19 0 0 0
$10,000 to $19,999 29 23 0 6 0
$20,000 to $29,999 41 41 0 0 0
$30,000 to $39,999 42 26 8 2 7
$40,000 to $49,999 74 61 0 11 2
$50,000 to $59,999 30 28 0 2 0
$60,000 to $79,999 123 101 11 11 0
$80,000 to $99,999 60 50 1 9 0
$100,000 to $149,999 92 61 7 24 0
$150,000 to $199,999 62 57 0 5 0
$200,000 to $249,999 16 14 0 2 0
$250,000 to $299,999 4 0 0 4 0
$300,000 or more 20 13 0 7 0
Not reported 0 0 0 0 0
Median 71501 69735 71015 100196 36390
Mean 92895 89560 75214 123675 40802

Total Mortgage Outstanding Debt

Less than $10,000
19 19 0 0 0
$10,000 to $19,999 29 23 0 6 0
$20,000 to $29,999 41 41 0 0 0
$30,000 to $39,999 35 26 8 2 0
$40,000 to $49,999 55 43 0 11 0
$50,000 to $59,999 49 40 0 2 7
$60,000 to $79,999 125 101 11 11 2
$80,000 to $99,999 60 50 1 9 0
$100,000 to $149,999 92 60 7 24 0
$150,000 to $199,999 53 48 0 5 0
$200,000 to $249,999 21 19 0 2 0
$250,000 to $299,999 13 9 0 4 0
$300,000 or more 20 13 0 7 0
Not reported 0 0 0 0 0
Median 72455 70759 71015 100196 56390
Mean 96727 94033 75214 123675 57066

Current Interest Rate on First Mortgage

Less than 6.0 percent
176 145 16 8 7
6.0 percent 0 0 0 0 0
6.1 to 6.4 percent 23 21 0 2 0
6.5 to 6.9 percent 106 84 0 22 0
7.0 percent 36 24 0 12 0
7.1 to 7.4 percent 38 23 0 15 0
7.5 to 7.9 percent 62 58 0 4 0
8.0 percent 22 22 0 0 0
8.1 to 8.4 percent 4 4 0 0 0
8.5 to 8.9 percent 12 10 0 0 2
9.0 percent 0 0 0 0 0
9.1 to 9.4 percent 8 8 0 0 0
9.5 to 9.9 percent 23 13 7 2 0
10.0 percent 2 2 0 0 0
10.1 to 10.4 percent 3 0 3 0 0
10.5 to 10.9 percent 0 0 0 0 0
11.0 percent 0 0 0 0 0
11.1 to 12.9 percent 9 2 0 7 0
13.0 percent 0 0 0 0 0
13.1 percent or more 88 76 0 12 0
Not reported 0 0 0 0 0
Median 7.0 7.0 5.0 7.1 3.8

Type of Interest Rate Buydown

Properties with interest rate
buydown
16 14 0 2 0
Constant payment 5 5 0 0 0
3-2-1 buydown 0 0 0 0 0
Other 0 0 0 0 0
Not reported 11 9 0 2 0
Properties without interest
rate buydown
244 203 0 39 2
Not reported 352 276 27 42 7

Term of First Mortgage

Less than 5 years
0 0 0 0 0
5 years 0 0 0 0 0
6 to 9 years 2 2 0 0 0
10 years 3 3 0 0 0
11 to 14 years 0 0 0 0 0
15 years 71 71 0 0 0
16 to 19 years 2 0 0 0 2
20 years 0 0 0 0 0
21 to 24 years 0 0 0 0 0
25 years 0 0 0 0 0
26 to 29 years 0 0 0 0 0
30 years 286 210 11 65 0
More than 30 years 0 0 0 0 0
No stated term 249 208 16 18 7
Median 30 30 30 30 18

Unexpired Term of First Mortgage

Less than 5 years
3 3 0 0 0
5 to 9 years 30 28 0 0 2
10 to 14 years 49 49 0 0 0
15 to 19 years 31 19 0 12 0
20 to 24 years 37 28 3 6 0
25 to 29 years 177 129 7 41 0
30 or more years 36 30 0 6 0
No stated term or not computed 249 208 16 18 7
Median 25 25 26 26 7

Holder of First Mortgage

Commercial bank or trust company
84 64 3 16 0
Savings and loan association, federal
savings bank
80 49 0 31 0
Mutual savings bank 31 28 2 0 0
Life insurance company 10 8 0 2 0
Mortgage banker or mortgage company 45 42 0 3 0
Federally-sponsored secondary market
agency or pool
290 239 14 30 7
Conventional mortgage pool 0 0 0 0 0
Other federal agency 20 20 0 0 0
Real estate investment trust 0 0 0 0 0
Pension or retirement fund 0 0 0 0 0
Credit union 7 7 0 0 0
Finance company 8 0 8 0 0
State or municipal government or
housing finance agency
24 21 0 2 2
Individual or individual's estate 6 6 0 0 0
Other 8 8 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
457 381 13 55 8
Less than 40 percent 31 31 0 0 0
40 to 49 percent 12 12 0 0 0
50 to 59 percent 11 7 0 4 0
60 to 69 percent 82 55 11 14 2
70 to 79 percent 89 72 2 15 0
80 to 89 percent 82 68 0 8 7
90 to 94 percent 53 48 0 4 0
95 to 99 percent 56 46 0 10 0
100 percent or more 42 42 0 0 0
Not reported 0 0 0 0 0
Median 80 81 66 76 83
Other properties 155 113 14 29 0
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
457 381 13 55 8
Less than 40 percent 32 32 0 0 0
40 to 49 percent 5 5 0 0 0
50 to 59 percent 8 6 0 2 0
60 to 69 percent 105 76 11 18 0
70 to 79 percent 109 94 2 13 0
80 to 89 percent 83 69 0 8 7
90 to 94 percent 46 38 0 7 0
95 to 99 percent 27 18 0 7 2
100 percent or more 42 42 0 0 0
Not reported 0 0 0 0 0
Median 77 77 66 75 86
Other properties 155 113 14 29 0
Not available 0 0 0 0 0

First Mortgage Risk

Subprime loan
13 11 0 2 0
Not subprime loan 599 482 27 82 8
Not reported 0 0 0 0 0

Index Used to Adjust Interest Rate
on ARM

Properties with adjustable
rate first mortgage
92 0 0 83 8
Treasury security 33 0 0 33 0
Average cost of funds in bank district 0 0 0 0 0
National average cost of funds 9 0 0 9 0
OTS contract mortgage rate 0 0 0 0 0
Other method 4 0 0 4 0
No index used 2 0 0 0 2
Not reported 44 0 0 37 7
Other properties 520 494 27 0 0
Not reported 0 0 0 0 0

Frequency With Which Rate Can Be
Adjusted

Properties with adjustable
rate first mortgage
92 0 0 83 8
Monthly 11 0 0 11 0
Every 3 months 0 0 0 0 0
Every 6 months 2 0 0 2 0
Yearly 25 0 0 25 0
Every 3 years 7 0 0 7 0
Every 5 years 3 0 0 3 0
Other 0 0 0 0 0
Not reported 44 0 0 36 8
Other properties 520 494 27 0 0
Not reported 0 0 0 0 0

Caps on Interest Rate Per Adjustment
Period

Properties with adjustable
rate first mortgage
92 0 0 83 8
Less than 1 percent 2 0 0 2 0
1 percent 0 0 0 0 0
1.1 to 1.9 percent 0 0 0 0 0
2 percent 40 0 0 40 0
2.1 to 2.9 percent 0 0 0 0 0
3 percent 0 0 0 0 0
3.1 to 3.9 percent 2 0 0 2 0
4.0 percent or more 2 0 0 2 0
No caps 2 0 0 2 0
Not reported 44 0 0 36 8
Other properties 520 494 27 0 0
Not reported 0 0 0 0 0

Caps on Interest Rate Over Life of ARM

Properties with adjustable
rate first mortgage
92 0 0 83 8
Less than 1 percent 0 0 0 0 0
1 percent 0 0 0 0 0
1.1 to 1.9 percent 0 0 0 0 0
2 percent 0 0 0 0 0
2.1 to 2.9 percent 0 0 0 0 0
3 percent 0 0 0 0 0
3.1 to 3.9 percent 0 0 0 0 0
4.0 percent or more 37 0 0 37 0
No caps 0 0 0 0 0
Not reported 55 0 0 46 8
Other properties 520 494 27 0 0
Not reported 0 0 0 0 0

Interest Rate Changed Since
Mortgage Made

Properties with adjustable
rate first mortgage
92 0 0 83 8
Yes, rate has changed 18 0 0 18 0
No change since mortgage made 30 0 0 30 0
Not reported 44 0 0 36 8
Other properties 520 494 27 0 0
Not reported 0 0 0 0 0

Percentage of Margin Over Index on ARM

Properties with adjustable rate
first mortgage
92 0 0 83 8
Less than 1 percent 0 0 0 0 0
1 percent 0 0 0 0 0
1.1 to 1.9 percent 0 0 0 0 0
2 percent 2 0 0 2 0
2.1 to 2.9 percent 25 0 0 25 0
3 percent 2 0 0 2 0
3.1 to 3.9 percent 18 0 0 18 0
4 percent 0 0 0 0 0
4.1 to 4.9 percent 0 0 0 0 0
5 percent or more 2 0 0 2 0
Not reported 44 0 0 36 8
Median 2.9 0.0 0.0 2.9 0.0
Other properties 520 494 27 0 0
Not reported 0 0 0 0 0

ARM Convertible to Fixed Rate Mortgage

Properties with adjustable rate
first mortgage
92 0 0 83 8
Can be converted 2 0 0 2 0
Cannot be converted 37 0 0 37 0
Not reported 53 0 0 45 8
Other properties 520 494 27 0 0
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
9 0 0 7 2
Payments can change monthly 0 0 0 0 0
Payments can change every three months 0 0 0 0 0
Payments can change every six months 0 0 0 0 0
Payments can change yearly 0 0 0 0 0
Payments can change every 3 years 7 0 0 7 0
Payments can change every 5 years 0 0 0 0 0
Other 2 0 0 0 2
Not reported 0 0 0 0 0
Monthly payments cannot
change
561 494 27 41 0
Not reported 42 0 0 36 7

First Mortgage Allows for Negative
Amortization

Monthly payments can change
(other than change in interest
rate)
9 0 0 7 2
Yes, unrestricted negative amortization 0 0 0 0 0
Yes, restricted negative amortization 2 0 0 0 2
No negative amortization allowed 7 0 0 7 0
Not reported 0 0 0 0 0
Monthly payments cannot change 561 494 27 41 0
Not reported 42 0 0 36 7

MORTGAGE PAYMENTS AND OTHER EXPENSES


Method of Payment of First Mortgage

Regular payments of interest
and/or principal
599 480 27 83 8
Interest and principal 599 480 27 83 8
Fully amortized 549 466 0 74 8
Not fully amortized 50 14 27 9 0
Interest only 0 0 0 0 0
No regular payments required 2 2 0 0 0
Not reported 11 11 0 0 0

Items Included in First Mortgage
Payment@1

Regular monthly payments of
both interest and principal
599 480 27 83 8
Real estate taxes 260 217 0 41 2
Property insurance 57 53 0 4 0
Mortgage insurance 54 42 0 10 2
Other 52 41 0 11 0
No items included or not reported 339 264 27 42 7
No regular payments of interest
and principal
13 13 0 0 0

Monthly Interest and Principal Payments
on First Mortgage

Monthly payments of interest
and/or principal
599 480 27 83 8
Less than $100 2 2 0 0 0
$100 to $199 15 15 0 0 0
$200 to $299 40 35 0 5 0
$300 to $399 37 28 0 9 0
$400 to $499 60 60 0 0 0
$500 to $599 93 72 10 4 7
$600 to $699 74 67 1 4 2
$700 to $799 48 43 3 2 0
$800 to $899 39 22 5 11 0
$900 to $999 14 7 0 7 0
$1,000 to $1,249 73 47 7 18 0
$1,250 to $1,499 49 44 0 5 0
$1,500 or more 56 39 0 18 0
Median 672 642 770 997 563
Mean 915 834 766 1465 547
No regular payments required 2 2 0 0 0
Not reported 11 11 0 0 0

Current First Mortgage Payment Status

Regular monthly payments of
principal and/or interest
610 492 27 83 8
Up-to-date, ahead of schedule, or
less than 90 days past due
297 249 0 46 2
Delinquent by 90 days or more 6 6 0 0 0
Legal proceedings have begun 0 0 0 0 0
Legal proceedings have not begun 0 0 0 0 0
Not reported 6 6 0 0 0
Not reported 307 236 27 38 7
Other properties 2 2 0 0 0

Monthly Interest and Principal Payments
on Total Mortgages

Regular monthly payments of
interest and/or principal
599 480 27 83 8
Less than $100 2 2 0 0 0
$100 to $199 15 15 0 0 0
$200 to $299 40 35 0 5 0
$300 to $399 30 21 0 9 0
$400 to $499 60 60 0 0 0
$500 to $599 88 74 10 4 0
$600 to $699 81 67 1 4 8
$700 to $799 54 49 3 2 0
$800 to $899 39 22 5 11 0
$900 to $999 14 7 0 7 0
$1,000 to $1,249 67 41 7 18 0
$1,250 to $1,499 49 44 0 5 0
$1,500 or more 62 44 0 18 0
Median 681 650 770 997 650
Mean 932 854 766 1465 674
No regular monthly payments
required
13 13 0 0 0

Interest and Principal Payments on
Total Mortgages as Percent of Income

Regular monthly payments of
interest and/or principal
599 480 27 83 8
Less than 5 percent 30 24 0 6 0
5 to 9 percent 120 102 0 19 0
10 to 14 percent 143 119 9 8 8
15 to 19 percent 108 96 5 7 0
20 to 24 percent 59 33 8 18 0
25 to 29 percent 37 35 0 2 0
30 to 34 percent 29 29 0 0 0
35 to 39 percent 0 0 0 0 0
40 to 49 percent 15 10 3 2 0
50 percent or more 10 3 0 8 0
Not reported or not computed 48 31 2 14 0
Median 14.4 14.1 18.6 17.1 12.5
No regular monthly payments
required
13 13 0 0 0

Rental and vacant condominium
properties with traditional first
mortgage
180 118 6 55 0

PROPERTY CHARACTERISTICS


Manner of Acquisition

By purchase
121 78 0 44 0
Placed one new mortgage 107 65 0 42 0
Placed two or more new mortgages 5 5 0 0 0
Assumed mortgage(s) already on property 2 0 0 2 0
Assumed mortgage(s) already on property
and placed new mortgage
0 0 0 0 0
Borrowed using assets other than this
property as collateral
6 6 0 0 0
Paid all cash-no borrowing 0 0 0 0 0
Other manner 2 2 0 0 0
By inheritance or gift 3 3 0 0 0
By divorce 0 0 0 0 0
By tax free exchange of
other property
0 0 0 0 0
By foreclosure or assignment 8 2 0 6 0
By some other manner 25 12 6 6 0
Not reported 23 23 0 0 0

Source of Downpayment@1

Properties purchased
1995 to 2001 (part)
38 22 0 15 0
Sale of stock or other partnership
shares for this project
0 0 0 0 0
Sale of previously owned stocks,
shares, or other securities
10 5 0 5 0
Sale of land or other real estate 4 4 0 0 0
Owner's cash, bank deposits,
share accounts, or bonds
21 12 0 9 0
Borrowing from a retirement plan 0 0 0 0 0
Borrowing using assets other than this
property as collateral
0 0 0 0 0
Proceeds from an insurance policy 0 0 0 0 0
From a state or local government source 0 0 0 0 0
From a non-profit organization 0 0 0 0 0
Proceeds from sale of tax credits 0 0 0 0 0
From parents or relatives 0 0 0 0 0
Other cash source 0 0 0 0 0
Non-cash source 0 0 0 0 0
No downpayment required 0 0 0 0 0
Not reported 8 6 0 2 0
Other properties 129 83 6 40 0
Not reported 13 13 0 0 0

Year Property Acquired

1999 to 2001 (part)
18 16 0 2 0
1997 and 1998 7 6 0 1 0
1995 and 1996 38 26 0 12 0
1990 to 1994 56 37 0 19 0
1985 to 1989 47 26 6 15 0
1980 to 1984 12 6 0 6 0
1975 to 1979 0 0 0 0 0
1970 to 1974 1 1 0 0 0
1969 or earlier 1 1 0 0 0

Property New or Previously Owned When
Acquired

Acquired by purchase
121 78 0 44 0
New 41 31 0 11 0
Previously owned 80 47 0 33 0
As residential property 72 43 0 29 0
Converted from nonresidential use 8 4 0 4 0
Other 0 0 0 0 0
Not reported 0 0 0 0 0
Other properties 36 18 6 12 0
Not reported 23 23 0 0 0

Year Structure Built

1999 to March 2000
14 14 0 0 0
1997 and 1998 1 1 0 0 0
1995 and 1996 9 4 0 5 0
1990 to 1994 22 16 0 6 0
1980 to 1989 54 31 6 17 0
1970 to 1979 12 4 0 7 0
1960 to 1969 12 10 0 2 0
1950 to 1959 7 4 0 3 0
1940 to 1949 6 0 0 6 0
1939 or earlier 43 34 0 9 0

Purchase Price

Properties acquired by
purchase 1997 to 2001 (part)
23 19 0 4 0
Less than $20,000 0 0 0 0 0
$20,000 to $39,999 3 2 0 1 0
$40,000 to $59,999 3 3 0 0 0
$60,000 to $79,999 0 0 0 0 0
$80,000 to $99,999 6 6 0 0 0
$100,000 to $124,999 0 0 0 0 0
$125,000 to $149,999 1 1 0 0 0
$150,000 to $174,999 0 0 0 0 0
$175,000 to $199,999 0 0 0 0 0
$200,000 to $249,999 0 0 0 0 0
$250,000 to $299,999 2 0 0 2 0
$300,000 to $499,999 7 7 0 0 0
$500,000 or more 0 0 0 0 0
Median 98407 97454 20000- 256894 20000-
Mean 193131 198088 0 166295 0
Other properties 157 99 6 52 0

Value

Less than $20,000
2 2 0 0 0
$20,000 to $39,999 16 9 0 8 0
$40,000 to $59,999 8 6 0 1 0
$60,000 to $79,999 21 17 0 4 0
$80,000 to $99,999 35 15 6 14 0
$100,000 to $124,999 26 15 0 11 0
$125,000 to $149,999 10 10 0 0 0
$150,000 to $174,999 14 8 0 5 0
$175,000 to $199,999 4 1 0 2 0
$200,000 to $249,999 15 7 0 8 0
$250,000 to $299,999 9 9 0 0 0
$300,000 to $499,999 18 16 0 2 0
$500,000 or more 2 2 0 0 0
Median 107228 116813 90000 100825 20000-
Mean 144054 156100 85000 124739 0

Value of Capital Improvements

Properties with capital
improvements between 1998
and 2000
61 39 6 16 0
Less than $500 1 0 0 1 0
$500 to $999 6 6 0 0 0
$1,000 to $2,499 9 3 6 0 0
$2,500 to $4,999 17 10 0 7 0
$5,000 to $7,499 0 0 0 0 0
$7,500 to $9,999 6 6 0 0 0
$10,000 to $14,999 0 0 0 0 0
$15,000 to $19,999 0 0 0 0 0
$20,000 to $29,999 9 4 0 5 0
$30,000 or more 13 11 0 2 0
Median 4611 8001 1750 4728 500-
Mean 17146 19993 2000 15948 0
Properties with no capital
improvements between 1998 and 2000
97 64 0 33 0
Capital improvements not
reported
23 16 0 7 0

Monthly Rental Receipts Per Housing Unit

Acquired before 2000
164 103 6 55 0
Less than $100 0 0 0 0 0
$100 to $199 0 0 0 0 0
$200 to $299 6 1 0 4 0
$300 to $399 0 0 0 0 0
$400 to $499 9 5 0 4 0
$500 to $599 4 4 0 0 0
$600 to $799 24 11 0 14 0
$800 to $999 60 35 6 19 0
$1000 or more 52 39 0 13 0
No rental receipts 9 7 0 2 0
Median 915 951 900 853 100-
Mean 7899 12130 725 850 0
Acquired 2000 and 2001 (part) 16 16 0 0 0

Rental Receipts as Percent of Value@8

Acquired before 2000
164 103 6 55 0
Less than 5 percent 2 0 0 2 0
5 to 9 percent 64 35 0 29 0
10 to 14 percent 68 43 6 20 0
15 to 19 percent 6 6 0 0 0
20 to 24 percent 4 1 0 2 0
25 to 29 percent 1 1 0 0 0
30 to 39 percent 4 4 0 0 0
40 percent or more 6 6 0 0 0
Median 10 11 12 9 5-
Acquired 2000 and 2001 (part) 16 16 0 0 0

Rental Vacancy Losses as Percent of
Potential Receipts

Acquired before 2000
164 103 6 55 0
Less than 1.0 percent 69 42 0 27 0
1.0 to 2.9 percent 5 0 0 5 0
3.0 to 4.9 percent 0 0 0 0 0
5.0 to 6.9 percent 0 0 0 0 0
7.0 to 8.9 percent 1 1 0 0 0
9.0 to 10.9 percent 0 0 0 0 0
11.0 to 12.9 percent 2 2 0 0 0
13.0 to 14.9 percent 0 0 0 0 0
15.0 percent or more 20 8 0 12 0
Not reported or not computed 67 49 6 12 0
Median 0.7 0.6 0.0 0.8 0.0
Acquired 2000 and 2001 (part) 16 16 0 0 0

Age Restrictions

Condominium building restricted to
people age 55 or older
32 24 0 8 0
Condominium building not restricted to
people age 55 or older
142 89 6 47 0
Not reported 6 6 0 0 0

Meal Service Provided for
Age-Restricted Condominiums

Meal serviced provided
16 9 0 7 0
Charge included in rent 6 4 0 1 0
Charge not included in rent 0 0 0 0 0
Not reported 10 5 0 5 0
Meal service not provided 3 3 0 0 0
Not reported 161 106 6 49 0

Type of Property Benefits@1

Government-sponsored below-market
interest rate mortgage loan
1 1 0 0 0
Government rental subsidy 9 9 0 0 0
Government grant 0 0 0 0 0
Property tax relief 6 6 0 0 0
Federal income tax credit for
low-income, old or historic properties
0 0 0 0 0
Accelerated federal income tax
depreciation for low- and
moderate-income properties
0 0 0 0 0
Subsidy from a non-profit corporation 0 0 0 0 0
None of the above benefits 139 89 6 44 0
Not reported 26 14 0 12 0

Source of Property Benefits@1

With property benefits
15 15 0 0 0
Federal government 8 8 0 0 0
State government 6 6 0 0 0
Local government 3 3 0 0 0
Non-profit corporation 0 0 0 0 0
Not reported 0 0 0 0 0
With no property benefits 139 89 6 44 0
Not reported 26 14 0 12 0

Reason for Benefits@1

With property benefits
15 15 0 0 0
Occupied by low- or moderate-income
individuals
11 11 0 0 0
Occupied by elderly or disabled
individuals
6 6 0 0 0
A historic structure 2 2 0 0 0
Located in a community development or
economic development area
0 0 0 0 0
Covered by a Homestead Exemption 4 4 0 0 0
Covered by a Community Land Trust 0 0 0 0 0
Covered by disaster relief 0 0 0 0 0
Other reason 2 2 0 0 0
Not reported 0 0 0 0 0
With no property benefits 139 89 6 44 0
Not reported 26 14 0 12 0

OWNER CHARACTERISTICS


Type of Owner

Individual investor(s)
160 103 6 51 0
Limited partnership 10 10 0 0 0
Joint venture 2 0 0 2 0
General partnership 2 2 0 0 0
Life insurance company 0 0 0 0 0
Depository institution 0 0 0 0 0
Public real estate investment trust 0 0 0 0 0
Private real estate investment trust 0 0 0 0 0
Corporation - other than real estate
investment trust
4 4 0 0 0
Housing cooperative organization 0 0 0 0 0
Non-profit or church-related institution 0 0 0 0 0
Pension fund 0 0 0 0 0
Fraternal organization 0 0 0 0 0
Other 2 0 0 2 0

MORTGAGE CHARACTERISTICS


Origin of First Mortgage

Mortgage made at time property acquired
150 92 6 52 0
Mortgage assumed at the time property
acquired
4 2 0 2 0
Mortgage placed later than acquisition of
property
26 24 0 2 0
Refinanced mortgage 26 24 0 2 0
Same lender 14 12 0 2 0
Different lender 12 12 0 0 0
Mortgage placed on property
owned free and clear of debt
0 0 0 0 0
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
26 24 0 2 0
Obtain lower interest rate 12 10 0 2 0
Increase payment period for mortgage 0 0 0 0 0
Reduce payment period for mortgage 0 0 0 0 0
Renew or extend loan that had fallen
due, without increasing outstanding
balance
7 7 0 0 0
Receive cash or increase outstanding
balance of loan
4 4 0 0 0
Other reason 2 2 0 0 0
Not reported 0 0 0 0 0
Other properties 154 95 6 53 0
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
6 6 0 0 0
Less than $20,000 6 6 0 0 0
$20,000 to $39,999 0 0 0 0 0
$40,000 to $59,999 0 0 0 0 0
$60,000 to $79,999 0 0 0 0 0
$80,000 to $99,999 0 0 0 0 0
$100,000 to $124,999 0 0 0 0 0
$125,000 to $149,999 0 0 0 0 0
$150,000 to $174,999 0 0 0 0 0
$175,000 to $199,999 0 0 0 0 0
$200,000 to $249,999 0 0 0 0 0
$250,000 to $299,999 0 0 0 0 0
$300,000 or more 0 0 0 0 0
Median 20000- 20000- 20000- 20000- 20000-
Mean 10102 10102 0 0 0
Properties that refinanced
and did not receive cash back
17 15 0 2 0
Properties that refinanced
and did not report if received
cash back
3 3 0 0 0
Properties that did not
refinance
154 95 6 53 0
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
6 6 0 0 0
For additions, improvements or repairs
to this property
4 4 0 0 0
To consolidate debts 1 1 0 0 0
For investment in other real estate 0 0 0 0 0
For other types of investments 0 0 0 0 0
For educational or medical expenses 0 0 0 0 0
To start a business 0 0 0 0 0
To settle a divorce 0 0 0 0 0
To pay taxes 0 0 0 0 0
To purchase an automobile, truck, or
other vehicle
0 0 0 0 0
To purchase consumer product other than
automobile, truck, or other vehicle
0 0 0 0 0
Other 0 0 0 0 0
Not reported 0 0 0 0 0
Properties that refinanced
and did not receive cash back
17 15 0 2 0
Properties that refinanced
and did not report if received
cash back
3 3 0 0 0
Properties that did not
refinance
154 95 6 53 0
Not available 0 0 0 0 0

Year First Mortgage Made or
Assumed

1999 to 2001 (part)
22 20 0 2 0
1997 and 1998 23 21 0 1 0
1995 and 1996 44 33 0 12 0
1990 to 1994 42 22 0 20 0
1985 to 1989 35 14 6 15 0
1980 to 1984 10 6 0 5 0
1979 or earlier 3 3 0 0 0

First Mortgage Insurance Status

FHA-insured first mortgage
5 0 0 5 0
VA-guaranteed first mortgage 0 0 0 0 0
Rural Housing Service-Rural Development-
insured or -guaranteed first mortgage
5 0 0 5 0
Other federal, state, or local
government-insured or guaranteed
first mortgage
8 8 0 0 0
Insured conventional first mortgage 20 13 0 7 0
Uninsured conventional first mortgage 143 98 6 39 0
Not reported 0 0 0 0 0

Traditional First Mortgage Loan

Less than $20,000
11 11 0 0 0
$20,000 to $29,999 10 1 0 9 0
$30,000 to $39,999 15 11 0 4 0
$40,000 to $49,999 8 8 0 0 0
$50,000 to $59,999 14 10 0 3 0
$60,000 to $79,999 45 19 6 20 0
$80,000 to $99,999 32 21 0 11 0
$100,000 to $149,999 11 9 0 2 0
$150,000 to $199,999 15 11 0 5 0
$200,000 to $249,999 6 4 0 2 0
$250,000 to $299,999 5 5 0 0 0
$300,000 or more 2 2 0 0 0
Not reported 6 6 0 0 0
Median 72773 74364 70000 72041 20000-
Mean 86866 91888 76000 77871 0

Total Mortgage Loan

Less than $20,000
11 11 0 0 0
$20,000 to $29,999 10 1 0 9 0
$30,000 to $39,999 13 9 0 4 0
$40,000 to $49,999 8 8 0 0 0
$50,000 to $59,999 16 12 0 3 0
$60,000 to $79,999 45 19 6 20 0
$80,000 to $99,999 30 21 0 9 0
$100,000 to $149,999 13 9 0 4 0
$150,000 to $199,999 15 11 0 5 0
$200,000 to $249,999 6 4 0 2 0
$250,000 to $299,999 0 0 0 0 0
$300,000 or more 7 7 0 0 0
Not reported 6 6 0 0 0
Median 72773 74364 70000 72041 20000-
Mean 90835 97608 76000 78723 0

Traditional First Mortgage Outstanding
Debt

Less than $10,000
6 4 0 2 0
$10,000 to $19,999 15 11 0 4 0
$20,000 to $29,999 10 1 0 9 0
$30,000 to $39,999 25 21 0 3 0
$40,000 to $49,999 16 10 0 7 0
$50,000 to $59,999 16 12 0 4 0
$60,000 to $79,999 46 23 6 17 0
$80,000 to $99,999 4 1 0 2 0
$100,000 to $149,999 13 11 0 2 0
$150,000 to $199,999 17 10 0 7 0
$200,000 to $249,999 0 0 0 0 0
$250,000 to $299,999 5 5 0 0 0
$300,000 or more 2 2 0 0 0
Not reported 6 6 0 0 0
Median 59747 57543 70000 58871 10000-
Mean 75123 81084 61233 64551 0

Current Interest Rate on First Mortgage

Less than 6.0 percent
91 55 6 30 0
6.0 percent 0 0 0 0 0
6.1 to 6.4 percent 3 0 0 3 0
6.5 to 6.9 percent 19 10 0 8 0
7.0 percent 4 4 0 0 0
7.1 to 7.4 percent 16 14 0 2 0
7.5 to 7.9 percent 6 6 0 0 0
8.0 percent 0 0 0 0 0
8.1 to 8.4 percent 2 2 0 0 0
8.5 to 8.9 percent 4 3 0 1 0
9.0 percent 0 0 0 0 0
9.1 to 9.4 percent 6 3 0 4 0
9.5 to 9.9 percent 2 0 0 2 0
10.0 percent 2 2 0 0 0
10.1 to 10.4 percent 0 0 0 0 0
10.5 to 10.9 percent 0 0 0 0 0
11.0 percent 0 0 0 0 0
11.1 to 12.9 percent 0 0 0 0 0
13.0 percent 0 0 0 0 0
13.1 percent or more 25 20 0 5 0
Not reported 0 0 0 0 0
Median 5.9 6.7 3.0 5.5 0.0

Type of Interest Rate Buydown

Properties with interest rate
buydown
0 0 0 0 0
Constant payment 0 0 0 0 0
3-2-1 buydown 0 0 0 0 0
Other 0 0 0 0 0
Not reported 0 0 0 0 0
Properties without interest
rate buydown
73 39 0 35 0
Not reported 106 80 6 21 0

Term of First Mortgage

Less than 5 years
0 0 0 0 0
5 years 0 0 0 0 0
6 to 9 years 4 0 0 4 0
10 years 5 3 0 2 0
11 to 14 years 0 0 0 0 0
15 years 5 5 0 0 0
16 to 19 years 0 0 0 0 0
20 years 0 0 0 0 0
21 to 24 years 0 0 0 0 0
25 years 6 0 0 6 0
26 to 29 years 0 0 0 0 0
30 years 58 30 0 29 0
More than 30 years 3 3 0 0 0
No stated term 100 78 6 16 0
Median 30 30 5- 30 5-

Unexpired Term of First Mortgage

Less than 5 years
5 0 0 5 0
5 to 9 years 1 1 0 0 0
10 to 14 years 15 9 0 6 0
15 to 19 years 17 0 0 17 0
20 to 24 years 9 9 0 0 0
25 to 29 years 26 16 0 11 0
30 or more years 5 5 0 0 0
No stated term or not computed 100 78 6 16 0
Median 20 25 5- 17 5-

Holder of First Mortgage

Commercial bank or trust company
41 20 6 16 0
Savings and loan association, federal
savings bank
4 3 0 1 0
Mutual savings bank 20 6 0 14 0
Life insurance company 2 2 0 0 0
Mortgage banker or mortgage company 9 9 0 0 0
Federally-sponsored secondary market
agency or pool
72 56 0 16 0
Conventional mortgage pool 3 3 0 0 0
Other federal agency 5 5 0 0 0
Real estate investment trust 0 0 0 0 0
Pension or retirement fund 0 0 0 0 0
Credit union 8 5 0 4 0
Finance company 0 0 0 0 0
State or municipal government or
housing finance agency
8 8 0 0 0
Individual or individual's estate 4 2 0 2 0
Other 2 0 0 2 0

First Mortgage Loan as a Percent of
Purchase Price

Properties acquired by
purchase with first mortgage
made or assumed at time of
purchase
95 54 0 41 0
Less than 40 percent 1 1 0 0 0
40 to 49 percent 4 4 0 0 0
50 to 59 percent 12 5 0 7 0
60 to 69 percent 15 9 0 6 0
70 to 79 percent 15 6 0 9 0
80 to 89 percent 12 9 0 3 0
90 to 94 percent 10 8 0 2 0
95 to 99 percent 4 4 0 0 0
100 percent or more 16 1 0 14 0
Not reported 6 6 0 0 0
Median 78 77 40- 79 40-
Other properties 84 64 6 14 0
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
95 54 0 41 0
Less than 40 percent 2 0 0 2 0
40 to 49 percent 4 4 0 0 0
50 to 59 percent 9 4 0 5 0
60 to 69 percent 18 11 0 7 0
70 to 79 percent 16 7 0 9 0
80 to 89 percent 19 7 0 12 0
90 to 94 percent 11 11 0 0 0
95 to 99 percent 1 1 0 0 0
100 percent or more 9 1 0 8 0
Not reported 6 6 0 0 0
Median 77 75 40- 78 40-
Other properties 84 64 6 14 0
Not available 0 0 0 0 0

First Mortgage Risk

Subprime loan
14 10 0 4 0
Not subprime loan 166 108 6 52 0
Not reported 0 0 0 0 0

Index Used to Adjust Interest Rate
on ARM

Properties with adjustable
rate first mortgage
55 0 0 55 0
Treasury security 32 0 0 32 0
Average cost of funds in bank district 0 0 0 0 0
National average cost of funds 0 0 0 0 0
OTS contract mortgage rate 0 0 0 0 0
Other method 0 0 0 0 0
No index used 0 0 0 0 0
Not reported 23 0 0 23 0
Other properties 124 118 6 0 0
Not reported 0 0 0 0 0

Frequency With Which Rate Can Be
Adjusted

Properties with adjustable
rate first mortgage
55 0 0 55 0
Monthly 1 0 0 1 0
Every 3 months 0 0 0 0 0
Every 6 months 0 0 0 0 0
Yearly 30 0 0 30 0
Every 3 years 3 0 0 3 0
Every 5 years 0 0 0 0 0
Other 0 0 0 0 0
Not reported 21 0 0 21 0
Other properties 124 118 6 0 0
Not reported 0 0 0 0 0

Caps on Interest Rate Per Adjustment
Period

Properties with adjustable
rate first mortgage
55 0 0 55 0
Less than 1 percent 3 0 0 3 0
1 percent 0 0 0 0 0
1.1 to 1.9 percent 0 0 0 0 0
2 percent 30 0 0 30 0
2.1 to 2.9 percent 0 0 0 0 0
3 percent 1 0 0 1 0
3.1 to 3.9 percent 0 0 0 0 0
4.0 percent or more 0 0 0 0 0
No caps 0 0 0 0 0
Not reported 21 0 0 21 0
Other properties 124 118 6 0 0
Not reported 0 0 0 0 0

Caps on Interest Rate Over Life of ARM

Properties with adjustable
rate first mortgage
55 0 0 55 0
Less than 1 percent 3 0 0 3 0
1 percent 0 0 0 0 0
1.1 to 1.9 percent 0 0 0 0 0
2 percent 0 0 0 0 0
2.1 to 2.9 percent 0 0 0 0 0
3 percent 0 0 0 0 0
3.1 to 3.9 percent 0 0 0 0 0
4.0 percent or more 32 0 0 32 0
No caps 0 0 0 0 0
Not reported 21 0 0 21 0
Other properties 124 118 6 0 0
Not reported 0 0 0 0 0

Interest Rate Changed Since
Mortgage Made

Properties with adjustable
rate first mortgage
55 0 0 55 0
Yes, rate has changed 33 0 0 33 0
No change since mortgage made 2 0 0 2 0
Not reported 21 0 0 21 0
Other properties 124 118 6 0 0
Not reported 0 0 0 0 0

Percentage of Margin Over Index on ARM

Properties with adjustable rate
first mortgage
55 0 0 55 0
Less than 1 percent 2 0 0 2 0
1 percent 0 0 0 0 0
1.1 to 1.9 percent 1 0 0 1 0
2 percent 0 0 0 0 0
2.1 to 2.9 percent 25 0 0 25 0
3 percent 1 0 0 1 0
3.1 to 3.9 percent 5 0 0 5 0
4 percent 0 0 0 0 0
4.1 to 4.9 percent 0 0 0 0 0
5 percent or more 0 0 0 0 0
Not reported 21 0 0 21 0
Median 2.6 0.0 0.0 2.6 0.0
Other properties 124 118 6 0 0
Not reported 0 0 0 0 0

ARM Convertible to Fixed Rate Mortgage

Properties with adjustable rate
first mortgage
55 0 0 55 0
Can be converted 4 0 0 4 0
Cannot be converted 28 0 0 28 0
Not reported 24 0 0 24 0
Other properties 124 118 6 0 0
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
0 0 0 0 0
Payments can change monthly 0 0 0 0 0
Payments can change every three months 0 0 0 0 0
Payments can change every six months 0 0 0 0 0
Payments can change yearly 0 0 0 0 0
Payments can change every 3 years 0 0 0 0 0
Payments can change every 5 years 0 0 0 0 0
Other 0 0 0 0 0
Not reported 0 0 0 0 0
Monthly payments cannot
change
159 118 6 35 0
Not reported 21 0 0 21 0

First Mortgage Allows for Negative
Amortization

Monthly payments can change
(other than change in interest
rate)
0 0 0 0 0
Yes, unrestricted negative amortization 0 0 0 0 0
Yes, restricted negative amortization 0 0 0 0 0
No negative amortization allowed 0 0 0 0 0
Not reported 0 0 0 0 0
Monthly payments cannot change 159 118 6 35 0
Not reported 21 0 0 21 0

MORTGAGE PAYMENTS AND OTHER EXPENSES


Method of Payment of First Mortgage

Regular payments of interest
and/or principal
170 111 6 53 0
Interest and principal 170 111 6 53 0
Fully amortized 156 103 0 53 0
Not fully amortized 14 8 6 0 0
Interest only 0 0 0 0 0
No regular payments required 1 1 0 0 0
Not reported 8 6 0 2 0

Items Included in First Mortgage
Payment@1

Regular monthly payments of
both interest and principal
170 111 6 53 0
Real estate taxes 56 31 0 25 0
Property insurance 14 12 0 2 0
Mortgage insurance 16 16 0 0 0
Other 19 14 0 5 0
No items included or not reported 111 77 6 28 0
No regular payments of interest
and principal
10 7 0 2 0

Monthly Interest and Principal Payments
on First Mortgage

Monthly payments of interest
and/or principal
170 111 6 53 0
Less than $100 0 0 0 0 0
$100 to $199 18 11 0 7 0
$200 to $299 6 4 0 2 0
$300 to $399 25 18 0 7 0
$400 to $499 23 10 0 13 0
$500 to $599 16 8 6 2 0
$600 to $699 10 8 0 2 0
$700 to $799 21 16 0 5 0
$800 to $899 8 8 0 0 0
$900 to $999 4 1 0 2 0
$1,000 to $1,249 23 16 0 7 0
$1,250 to $1,499 10 4 0 7 0
$1,500 or more 7 7 0 0 0
Median 580 653 550 482 100-
Mean 681 712 525 633 0
No regular payments required 1 1 0 0 0
Not reported 8 6 0 2 0

Current First Mortgage Payment Status

Regular monthly payments of
principal and/or interest
178 117 6 55 0
Up-to-date, ahead of schedule, or
less than 90 days past due
73 38 0 35 0
Delinquent by 90 days or more 1 1 0 0 0
Legal proceedings have begun 0 0 0 0 0
Legal proceedings have not begun 1 1 0 0 0
Not reported 0 0 0 0 0
Not reported 104 78 6 21 0
Other properties 1 1 0 0 0

Monthly Interest and Principal Payments
on Total Mortgages

Regular monthly payments of
interest and/or principal
170 111 6 53 0
Less than $100 0 0 0 0 0
$100 to $199 18 11 0 7 0
$200 to $299 6 4 0 2 0
$300 to $399 24 16 0 7 0
$400 to $499 23 10 0 13 0
$500 to $599 18 10 6 2 0
$600 to $699 10 8 0 2 0
$700 to $799 21 16 0 5 0
$800 to $899 8 8 0 0 0
$900 to $999 4 1 0 2 0
$1,000 to $1,249 17 10 0 7 0
$1,250 to $1,499 10 4 0 7 0
$1,500 or more 12 12 0 0 0
Median 583 653 550 482 100-
Mean 715 764 525 633 0
No regular monthly payments
required
10 7 0 2 0

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

Acquired before 2000 and
regular payments of interest
and/or princi
160 101 6 53 0
Less than 20 percent 7 7 0 0 0
20 to 29 percent 10 3 0 7 0
30 to 39 percent 12 10 0 3 0
40 to 49 percent 21 12 0 9 0
50 to 59 percent 8 5 0 2 0
60 to 69 percent 13 9 0 4 0
70 to 79 percent 35 22 6 7 0
80 to 89 percent 20 10 0 10 0
90 to 99 percent 13 8 0 5 0
100 percent or more 12 8 0 4 0
Not reported or not computed 9 7 0 2 0
Median 71.3 70.3 75.0 71.3 19.5-
Other properties 19 17 0 2 0

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

Acquired before 2000 and regular
payments of interest and/or
principal
160 101 6 53 0
Less than 20 percent 7 7 0 0 0
20 to 29 percent 10 3 0 7 0
30 to 39 percent 12 10 0 3 0
40 to 49 percent 19 10 0 9 0
50 to 59 percent 2 0 0 2 0
60 to 69 percent 13 9 0 4 0
70 to 79 percent 42 29 6 7 0
80 to 89 percent 20 10 0 10 0
90 to 99 percent 13 8 0 5 0
100 percent or more 12 8 0 4 0
Not reported or not computed 9 7 0 2 0
Median 72.8 72.8 75.0 71.3 19.5-
Other properties 19 17 0 2 0

Real Estate Tax Per $1,000 Value

Acquired before 2000
164 103 6 55 0
Less than $5 5 0 0 5 0
$5 to $9 56 30 6 19 0
$10 to $14 14 12 0 2 0
$15 to $19 25 15 0 10 0
$20 to $24 30 20 0 10 0
$25 to $29 13 8 0 4 0
$30 to $39 9 4 0 5 0
$40 to $49 2 2 0 0 0
$50 to $59 1 1 0 0 0
$60 or more 10 9 0 1 0
Not reported or not computed 0 0 0 0 0
Median 16 17 7 16 5-
Acquired 2000 and 2001 (part) 16 16 0 0 0

Real Estate Tax as Percent of Rental
Receipts

Acquired before 2000
164 103 6 55 0
Less than 5 percent 11 2 0 8 0
5 to 9 percent 43 26 6 11 0
10 to 14 percent 26 20 0 5 0
15 to 19 percent 22 14 0 8 0
20 to 24 percent 25 21 0 4 0
25 to 29 percent 17 9 0 8 0
30 to 34 percent 0 0 0 0 0
35 to 39 percent 5 0 0 5 0
40 percent or more 7 3 0 4 0
Not reported or not computed 9 7 0 2 0
Median 14 14 7 16 5-
Acquired 2000 and 2001 (part) 16 16 0 0 0

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