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Residential Finance Survey: 2001 - United States
Table 9-2a. Type of First Mortgage, Mobile Home Properties
^Number of mortgaged properties in thousands.
For information on confidentiality protection, sampling error, nonsampling error, and definitions, see text.
@7Properties with installment loan only or in combination with other loans.
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.
Columns may not add to total because installment loans are included in total^^

Total properties with debt@7 Installment loan Fixed rate mortgage of any kind All Others
Homeowner mobile homes with
traditional first mortgage or
installment loan or home equity
line of credit
2546 1621 782 143

PROPERTY CHARACTERISTICS


Manner of Acquisition

By purchase
2264 1467 689 108
Placed one new mortgage 1016 428 508 80
Placed two or more new mortgages 45 23 14 8
Assumed mortgage(s) already on property 56 29 27 0
Assumed mortgage(s) already on property
and placed new mortgage
14 7 7 0
Borrowed using assets other than this
property as collateral
9 6 3 0
Paid all cash-no borrowing 102 60 37 5
Other manner 1021 914 93 14
By inheritance or gift 141 94 30 17
By divorce 2 2 0 0
By some other manner 99 34 47 18
Not reported 41 25 16 0

Source of Downpayment@1

Properties purchased
1995 to 2001 (part)
1643 1094 480 69
Sale of previous home 252 158 82 12
Sale of other real property or other
investments
44 25 20 0
Savings 809 548 225 35
Borrowing from a retirement plan 28 28 0 0
Borrowing using assets other than this
property as collateral
64 42 22 0
Proceeds from an insurance policy 23 18 5 0
Payments in a lease-purchase agreement 35 31 4 0
From a state or local government source 17 15 3 0
From a non-profit organization 4 0 4 0
From parents or relatives 132 91 38 3
Other 17 9 8 0
No downpayment required 279 195 65 19
Not reported 49 26 24 0
Other properties 877 506 297 74
Not reported 27 21 6 0

Year Property Acquired

1999 to 2001 (part)
855 589 239 27
1997 and 1998 527 329 152 46
1995 and 1996 444 272 154 19
1990 to 1994 388 243 117 28
1985 to 1989 198 112 82 5
1980 to 1984 70 43 24 2
1975 to 1979 40 19 13 9
1970 to 1974 13 8 0 4
1969 or earlier 12 6 3 3

Property New or Previously Occupied When
Acquired

Acquired by purchase
2264 1467 689 108
New 1181 741 386 54
Previously occupied by someone else 1062 716 293 53
Converted from non-residential use 9 6 4 0
Other 0 0 0 0
Not reported 11 4 7 0
Other properties 242 129 77 35
Not reported 41 25 16 0

Year Structure Built

1999 to March 2000
293 206 80 7
1997 and 1998 338 205 100 34
1995 and 1996 397 268 111 19
1990 to 1994 445 291 128 25
1980 to 1989 682 419 238 24
1970 to 1979 301 185 88 28
1969 or earlier 90 47 37 6

Purchase Price

Properties acquired by
purchase 1997 to 2001 (part)
1277 863 353 60
Less than $5,000 28 22 7 0
$5,000 to $9,999 96 74 15 7
$10,000 to $14,999 108 97 11 0
$15,000 to $19,999 115 73 35 6
$20,000 to $29,999 185 128 43 14
$30,000 to $39,999 186 135 45 6
$40,000 to $49,999 149 116 24 9
$50,000 to $59,999 118 92 22 5
$60,000 to $79,999 160 88 72 0
$80,000 to $99,999 79 17 58 5
$100,000 or more 53 23 21 9
Median 35746 32828 48361 35409
Mean 41222 36514 51800 46709
Other properties 1270 758 429 83

Value

Less than $5,000
62 49 10 4
$5,000 to $9,999 234 165 62 7
$10,000 to $14,999 210 166 34 10
$15,000 to $19,999 214 160 28 25
$20,000 to $29,999 421 272 127 22
$30,000 to $39,999 325 232 79 15
$40,000 to $49,999 249 146 83 20
$50,000 to $59,999 214 138 71 6
$60,000 to $79,999 316 207 99 9
$80,000 to $99,999 145 50 90 5
$100,000 or more 156 36 101 19
Median 34087 29974 46315 31907
Mean 40717 34649 52983 42398

Value of Capital Improvements

Properties with capital
improvements between 1998
and 2000
1004 605 336 63
Less than $500 86 58 23 5
$500 to $999 89 65 15 9
$1,000 to $2,499 278 162 100 17
$2,500 to $4,999 228 139 75 14
$5,000 to $7,499 151 85 55 10
$7,500 to $9,999 45 33 11 0
$10,000 to $14,999 67 39 24 3
$15,000 to $19,999 28 10 18 0
$20,000 to $29,999 10 4 6 0
$30,000 or more 23 8 9 6
Median 3041 2815 3517 2750
Mean 4704 3948 5831 5935
Properties with no capital
improvements between 1998 and 2000
1292 856 366 70
Capital improvements not
reported
250 161 80 9

Age Restrictions

Mobile home restricted to people
age 55 or older
156 92 51 13
Mobile home not restricted to people
age 55 or older
2291 1467 701 123
Not reported 99 62 31 7

Type of Property Benefits@1

Government-sponsored below-market
interest rate mortgage loan
4 4 0 0
Other government grant or subsidy 13 13 0 0
Property tax relief 78 52 10 16
Subsidy from a non-profit corporation 4 4 0 0
None of the above benefits 1918 1218 605 95
Not reported 542 342 168 33

Source of Property Benefits@1

With property benefits
86 61 10 16
Federal government 6 0 0 6
State government 55 41 10 4
Local government 15 12 3 0
Non-profit corporation 4 4 0 0
Not reported 9 4 0 6
With no property benefits 1918 1218 605 95
Not reported 542 342 168 33

Reason for Benefits@1

With property benefits
86 61 10 16
Occupied by low- or moderate-income
individuals
12 9 4 0
Occupied by elderly or disabled
individuals
27 15 7 6
A historic structure 0 0 0 0
Located in a community development or
economic development area
0 0 0 0
Covered by a Homestead Exemption 49 34 0 16
Covered by a Community Land Trust 0 0 0 0
Covered by disaster relief 0 0 0 0
Other reason 3 0 3 0
Not reported 8 8 0 0
With no property benefits 1918 1218 605 95
Not reported 542 342 168 33

OWNER CHARACTERISTICS


Owner Status

1 owner
1102 713 316 73
2 owners 1411 880 463 67
3 or more owners 34 27 4 3

Age of Owner

Under 25
79 73 7 0
25 to 34 500 344 130 25
35 to 44 699 413 259 27
45 to 54 526 346 167 13
55 to 64 306 166 108 33
65 to 74 206 135 50 22
75 and over 54 27 24 3
Not reported 176 117 39 20
Median 43 43 44 51

Race of Owner

White alone
2209 1383 701 125
Black or African American alone 234 171 44 18
American Indian or Alaska Native alone 55 39 16 0
Asian alone 16 8 7 0
Native Hawaiian or Other Pacific
Islander alone
4 4 0 0
Two or more races 29 15 14 0

Sex of Owner

Male/Male and female co-owners
1925 1231 607 87
Female 622 390 175 56

Hispanic/Latino Origin

Hispanic/Latino owner(s) only
184 152 24 9
No Hispanic/Latino owner(s) 2362 1470 759 134

Veteran Status@1

Veteran
440 262 147 31
Active member of Reserves or National
Guard for at least 6 years
69 45 17 7
Persian Gulf War or after
(August 1990 to present)
53 33 20 0
Vietnam or after
(August 1964 to July 1990)
256 140 98 18
Korean conflict or after
(July 1950 to July 1964)
88 60 19 8
World War II or after
(September 1940 to June 1950)
29 17 8 4
Nonveteran 1943 1247 599 96
Not reported 163 112 36 16

Income

Less than $5,000
267 195 68 4
$5,000 to $9,999 90 60 20 10
$10,000 to $14,999 174 105 50 20
$15,000 to $19,999 208 104 78 26
$20,000 to $24,999 232 154 73 5
$25,000 to $29,999 182 110 66 6
$30,000 to $34,999 315 220 83 13
$35,000 to $39,999 187 117 54 15
$40,000 to $49,999 346 226 109 11
$50,000 to $59,999 226 135 81 9
$60,000 to $79,999 232 152 64 17
$80,000 to $99,999 61 33 25 3
$100,000 to $119,999 10 7 2 0
$120,000 or more 16 4 9 3
Median 31897 31881 32235 30011
Mean 34021 32291 37676 33628

Owned Home Previously

Previously owned home
1242 719 440 83
Never owned home before 1158 801 313 44
Not reported 147 101 30 16

MORTGAGE CHARACTERISTICS


Method of Loan Application

By computer over the Internet or
by e-mail
0 0 0 0
By telephone or FAX 22 0 22 0
By regular mail 0 0 0 0
By personal visit 304 0 259 45
Through third party (such as real
estate agent or builder)
117 0 94 23
Some other way 10 0 10 0
Not reported 450 0 384 66
Not available 1643 1621 13 9

Origin of First Mortgage

Mortgage made at time property acquired
788 0 662 126
Mortgage assumed at the time property
acquired
34 0 34 0
Mortgage placed later than acquisition of
property
94 0 86 8
Refinanced mortgage 58 0 54 4
Same lender 7 0 3 4
Different lender 51 0 51 0
Mortgage placed on property
owned free and clear of debt
36 0 32 4
Not available 1630 1621 0 9

Purpose of First Mortgage Placed
Later Than Acquisition of Property

Properties on which
mortgages placed later
than acquisition of property
94 0 86 8
Obtain lower interest rate 34 0 30 4
Increase payment period for mortgage 0 0 0 0
Reduce payment period for mortgage 3 0 3 0
Renew or extend loan that had fallen
due, without increasing outstanding
balance
0 0 0 0
Receive cash or increase outstanding
balance of loan
40 0 35 4
Other reason 12 0 12 0
Not reported 6 0 6 0
Other properties 822 0 696 126
Not available 1630 1621 0 9

Cash Received From Refinancing
or Placing Mortgage on Property
Owned Free and Clear

Properties on which cash
received
68 0 60 8
Less than $5,000 9 0 9 0
$5,000 to $9,999 6 0 6 0
$10,000 to $14,999 6 0 6 0
$15,000 to $19,999 4 0 0 4
$20,000 to $29,999 3 0 3 0
$30,000 to $39,999 6 0 6 0
$40,000 to $49,999 4 0 0 4
$50,000 to $59,999 4 0 4 0
$60,000 to $79,999 25 0 25 0
$80,000 to $99,999 0 0 0 0
$100,000 or more 0 0 0 0
Not reported 0 0 0 0
Median 40366 5000- 39760 40712
Mean 38529 0 39646 30528
Properties that refinanced
and did not receive cash back
26 0 26 0
Properties that refinanced
and did not report if received
cash back
0 0 0 0
Properties that did not
refinance
822 0 696 126
Not available 1630 1621 0 9

Use of Cash From Refinancing or
Placing Mortgage on Property Owned Free
and Clear

Properties on which cash
received@1
68 0 60 8
For additions, improvements or repairs
to this property
24 0 24 0
To consolidate debts 41 0 38 4
For investment in other real estate 0 0 0 0
For other types of investments 9 0 9 0
For educational or medical expenses 0 0 0 0
To start a business 0 0 0 0
To settle a divorce 0 0 0 0
To pay taxes 0 0 0 0
To purchase an automobile, truck, or
other vehicle
4 0 0 4
To purchase consumer product other than
automobile, truck, or other vehicle
3 0 3 0
Other 6 0 6 0
Not reported 0 0 0 0
Properties that refinanced
and did not receive cash back
26 0 26 0
Properties that refinanced
and did not report if received
cash back
0 0 0 0
Properties that did not
refinance
822 0 696 126
Not available 1630 1621 0 9

Year First Mortgage Made or
Assumed

1999 to 2001 (part)
404 0 377 27
1997 and 1998 227 0 177 50
1995 and 1996 118 0 98 20
1990 to 1994 109 0 76 33
1985 to 1989 30 0 30 0
1980 to 1984 20 0 18 2
1979 or earlier 1639 1621 6 12

First Mortgage Insurance Status

FHA-insured first mortgage
56 0 49 7
VA-guaranteed first mortgage 12 0 12 0
Rural Housing Service-Rural Development-
insured or -guaranteed first mortgage
22 0 22 0
Other federal, state, or local
government-insured or guaranteed
first mortgage
51 0 48 3
Insured conventional first mortgage 125 0 120 4
Uninsured conventional first mortgage 651 0 531 120
Not reported 1630 1621 0 9

Traditional First Mortgage Loan

Less than $5,000
46 0 38 9
$5,000 to $9,999 34 0 27 7
$10,000 to $14,999 50 0 44 6
$15,000 to $19,999 111 0 78 33
$20,000 to $29,999 133 0 103 30
$30,000 to $39,999 105 0 92 12
$40,000 to $49,999 88 0 71 17
$50,000 to $59,999 90 0 82 9
$60,000 to $79,999 144 0 136 8
$80,000 to $99,999 52 0 47 5
$100,000 or more 25 0 25 0
Not reported 1669 1621 39 9
Median 36152 5000- 38723 24579
Mean 41693 0 43660 30791

Total Mortgage Loan

Less than $5,000
122 97 17 8
$5,000 to $9,999 153 133 13 7
$10,000 to $14,999 186 148 32 5
$15,000 to $19,999 278 215 43 20
$20,000 to $29,999 430 298 96 36
$30,000 to $39,999 345 270 64 11
$40,000 to $49,999 298 202 73 23
$50,000 to $59,999 224 132 80 12
$60,000 to $79,999 258 95 161 3
$80,000 to $99,999 97 10 74 13
$100,000 or more 131 20 106 5
Not reported 23 0 23 0
Median 32685 27284 55139 28755
Mean 39883 30230 60748 38465

Traditional First Mortgage Outstanding
Debt

Less than $5,000
64 0 52 12
$5,000 to $9,999 75 0 58 16
$10,000 to $14,999 68 0 45 23
$15,000 to $19,999 86 0 73 13
$20,000 to $29,999 118 0 92 26
$30,000 to $39,999 102 0 89 13
$40,000 to $49,999 79 0 70 9
$50,000 to $59,999 86 0 72 13
$60,000 to $79,999 143 0 140 3
$80,000 to $99,999 42 0 37 5
$100,000 or more 15 0 15 0
Not reported 1669 1621 39 9
Median 32716 5000- 35771 20825
Mean 38200 0 40278 26678

Total Mortgage Outstanding Debt

Less than $5,000
126 97 21 8
$5,000 to $9,999 178 133 28 16
$10,000 to $14,999 211 148 46 16
$15,000 to $19,999 264 215 41 7
$20,000 to $29,999 409 298 75 36
$30,000 to $39,999 368 270 82 15
$40,000 to $49,999 285 202 72 11
$50,000 to $59,999 230 132 86 12
$60,000 to $79,999 241 95 143 3
$80,000 to $99,999 98 10 75 13
$100,000 or more 114 20 90 5
Not reported 23 0 23 0
Median 32026 27284 51666 26474
Mean 38295 30230 55681 34604

Current Interest Rate on First Mortgage

Less than 6.0 percent
320 0 247 74
6.0 percent 8 0 3 5
6.1 to 6.4 percent 0 0 0 0
6.5 to 6.9 percent 31 0 31 0
7.0 percent 75 0 60 15
7.1 to 7.4 percent 19 0 19 0
7.5 to 7.9 percent 63 0 59 4
8.0 percent 20 0 16 4
8.1 to 8.4 percent 20 0 20 0
8.5 to 8.9 percent 31 0 28 3
9.0 percent 17 0 12 5
9.1 to 9.4 percent 4 0 0 4
9.5 to 9.9 percent 22 0 17 5
10.0 percent 21 0 21 0
10.1 to 10.4 percent 9 0 9 0
10.5 to 10.9 percent 19 0 19 0
11.0 percent 12 0 7 6
11.1 to 12.9 percent 41 0 41 0
13.0 percent 0 0 0 0
13.1 percent or more 183 0 173 10
Not reported 1630 1621 0 9
Median 7.5 0.0 7.8 5.5

Type of Interest Rate Buydown

Properties with interest rate
buydown
34 0 34 0
Constant payment 30 0 30 0
3-2-1 buydown 0 0 0 0
Other 0 0 0 0
Not reported 4 0 4 0
Properties without interest
rate buydown
320 0 285 35
Not reported 2192 1621 463 108

Term of First Mortgage

Less than 5 years
5 0 5 0
5 years 15 0 15 0
6 to 9 years 18 0 14 5
10 years 44 0 44 0
11 to 14 years 0 0 0 0
15 years 74 0 53 21
16 to 19 years 0 0 0 0
20 years 16 0 12 4
21 to 24 years 0 0 0 0
25 years 28 0 28 0
26 to 29 years 0 0 0 0
30 years 170 0 164 6
More than 30 years 0 0 0 0
No stated term 2177 1621 448 108
Median 25 5- 25 15

Unexpired Term of First Mortgage

Less than 5 years
33 0 33 0
5 to 9 years 77 0 58 19
10 to 14 years 47 0 36 10
15 to 19 years 18 0 18 0
20 to 24 years 35 0 35 0
25 to 29 years 149 0 143 6
30 or more years 11 0 11 0
No stated term or not computed 2177 1621 448 108
Median 21 5- 23 9

Holder of First Mortgage

Commercial bank or trust company
538 341 167 30
Savings and loan association, federal
savings bank
333 234 90 9
Mutual savings bank 67 62 0 6
Life insurance company 9 0 9 0
Mortgage banker or mortgage company 69 0 66 3
Federally-sponsored secondary market
agency or pool
333 0 271 62
Conventional mortgage pool 27 0 21 6
Other federal agency 11 0 10 1
Real estate investment trust 0 0 0 0
Pension or retirement fund 6 0 6 0
Credit union 168 128 33 7
Finance company 821 763 50 9
State or municipal government or
housing finance agency
45 14 25 6
Individual or individual's estate 23 0 19 4
Other 95 79 16 0

First Mortgage Loan as a Percent of
Purchase Price

Properties acquired by
purchase with first mortgage
made or assumed at time of
purchase
714 0 617 97
Less than 40 percent 21 0 21 0
40 to 49 percent 6 0 3 3
50 to 59 percent 19 0 14 5
60 to 69 percent 188 0 149 39
70 to 79 percent 22 0 18 4
80 to 89 percent 73 0 67 5
90 to 94 percent 35 0 35 0
95 to 99 percent 45 0 42 3
100 percent or more 266 0 230 36
Not reported 38 0 37 1
Median 91 40- 92 71
Other properties 202 0 165 37
Not available 1630 1621 0 9

First Mortgage Loan as a Percent
of Value

Properties acquired by
purchase with first mortgage
made or assumed at time of
purchase
714 0 617 97
Less than 40 percent 16 0 16 0
40 to 49 percent 10 0 7 3
50 to 59 percent 29 0 21 8
60 to 69 percent 247 0 202 46
70 to 79 percent 45 0 41 4
80 to 89 percent 92 0 82 10
90 to 94 percent 52 0 52 0
95 to 99 percent 40 0 37 3
100 percent or more 145 0 124 21
Not reported 38 0 37 1
Median 78 40- 80 68
Other properties 202 0 165 37
Not available 1630 1621 0 9

First Mortgage Risk

Subprime loan
92 0 86 6
Not subprime loan 825 0 696 128
Not reported 1630 1621 0 9

Index Used to Adjust Interest Rate
on ARM

Properties with adjustable
rate first mortgage
134 0 0 134
Treasury security 22 0 0 22
Average cost of funds in bank district 0 0 0 0
National average cost of funds 0 0 0 0
OTS contract mortgage rate 0 0 0 0
Other method 6 0 0 6
No index used 0 0 0 0
Not reported 107 0 0 107
Other properties 782 0 782 0
Not reported 1630 1621 0 9

Frequency With Which Rate Can Be
Adjusted

Properties with adjustable
rate first mortgage
134 0 0 134
Monthly 4 0 0 4
Every 3 months 0 0 0 0
Every 6 months 6 0 0 6
Yearly 25 0 0 25
Every 3 years 0 0 0 0
Every 5 years 0 0 0 0
Other 0 0 0 0
Not reported 99 0 0 99
Other properties 782 0 782 0
Not reported 1630 1621 0 9

Caps on Interest Rate Per Adjustment
Period

Properties with adjustable
rate first mortgage
134 0 0 134
Less than 1 percent 0 0 0 0
1 percent 0 0 0 0
1.1 to 1.9 percent 0 0 0 0
2 percent 9 0 0 9
2.1 to 2.9 percent 0 0 0 0
3 percent 0 0 0 0
3.1 to 3.9 percent 0 0 0 0
4.0 percent or more 16 0 0 16
No caps 7 0 0 7
Not reported 103 0 0 103
Other properties 782 0 782 0
Not reported 1630 1621 0 9

Caps on Interest Rate Over Life of ARM

Properties with adjustable
rate first mortgage
134 0 0 134
Less than 1 percent 0 0 0 0
1 percent 0 0 0 0
1.1 to 1.9 percent 0 0 0 0
2 percent 0 0 0 0
2.1 to 2.9 percent 0 0 0 0
3 percent 0 0 0 0
3.1 to 3.9 percent 0 0 0 0
4.0 percent or more 27 0 0 27
No caps 4 0 0 4
Not reported 103 0 0 103
Other properties 782 0 782 0
Not reported 1630 1621 0 9

Interest Rate Changed Since
Mortgage Made

Properties with adjustable
rate first mortgage
134 0 0 134
Yes, rate has changed 14 0 0 14
No change since mortgage made 21 0 0 21
Not reported 99 0 0 99
Other properties 782 0 782 0
Not reported 1630 1621 0 9

Percentage of Margin Over Index on ARM

Properties with adjustable rate
first mortgage
134 0 0 134
Less than 1 percent 0 0 0 0
1 percent 0 0 0 0
1.1 to 1.9 percent 0 0 0 0
2 percent 3 0 0 3
2.1 to 2.9 percent 5 0 0 5
3 percent 0 0 0 0
3.1 to 3.9 percent 0 0 0 0
4 percent 0 0 0 0
4.1 to 4.9 percent 9 0 0 9
5 percent or more 10 0 0 10
Not reported 107 0 0 107
Median 4.7 0.0 0.0 4.7
Other properties 782 0 782 0
Not reported 1630 1621 0 9

ARM Convertible to Fixed Rate Mortgage

Properties with adjustable rate
first mortgage
134 0 0 134
Can be converted 0 0 0 0
Cannot be converted 35 0 0 35
Not reported 99 0 0 99
Other properties 782 0 782 0
Not reported 1630 1621 0 9

Change in Monthly Interest and Principal
Payments Other Than Change in Interest
Rate

Monthly payments can change
(other than change in interest
ra
5 0 0 5
Payments can change monthly 0 0 0 0
Payments can change every three months 0 0 0 0
Payments can change every six months 0 0 0 0
Payments can change yearly 5 0 0 5
Payments can change every 3 years 0 0 0 0
Payments can change every 5 years 0 0 0 0
Other 0 0 0 0
Not reported 0 0 0 0
Monthly payments cannot
change
813 0 782 30
Not reported 1729 1621 0 108

First Mortgage Allows for Negative
Amortization

Monthly payments can change
(other than change in interest
rate)
5 0 0 5
Yes, unrestricted negative amortization 0 0 0 0
Yes, restricted negative amortization 0 0 0 0
No negative amortization allowed 5 0 0 5
Not reported 0 0 0 0
Monthly payments cannot change 813 0 782 30
Not reported 1729 1621 0 108

MORTGAGE PAYMENTS AND OTHER EXPENSES


Method of Payment of First Mortgage

Regular payments of interest
and/or principal
722 0 627 95
Interest and principal 722 0 627 95
Fully amortized 639 0 544 95
Not fully amortized 83 0 83 0
Interest only 0 0 0 0
No regular payments required 0 0 0 0
Not reported 1825 1621 156 48

Items Included in First Mortgage
Payment@1

Regular monthly payments of
both interest and principal
722 0 627 95
Real estate taxes 152 0 148 5
Property insurance 22 0 18 5
Mortgage insurance 56 0 56 0
Other 55 0 46 8
No items included or not reported 553 0 466 87
No regular payments of interest
and principal
1825 1621 156 48

Monthly Interest and Principal Payments
on First Mortgage

Regular monthly payments of
interest and/or principal
722 0 627 95
Less than $50 4 0 0 4
$50 to $99 22 0 22 0
$100 to $199 48 0 37 11
$200 to $299 157 0 128 29
$300 to $399 126 0 114 12
$400 to $499 138 0 111 27
$500 to $599 107 0 107 0
$600 to $699 64 0 53 11
$700 to $799 41 0 41 0
$800 to $899 2 0 2 0
$900 to $999 0 0 0 0
$1,000 or more 11 0 11 0
Median 402 50- 410 325
Mean 420 0 433 334
No regular payments required 0 0 0 0
Not reported 1825 1621 156 48

Current First Mortgage Payment Status

Regular monthly payments of
principal and/or interest
2546 1621 782 143
Up-to-date, ahead of schedule, or
less than 90 days past due
357 0 319 38
Delinquent by 90 days or more 13 0 13 0
Legal proceedings have begun 13 0 13 0
Legal proceedings have not begun 0 0 0 0
Not reported 0 0 0 0
Not reported 2176 1621 450 105
Other properties 0 0 0 0

Monthly Interest and Principal Payments
on Total Mortgages

Regular monthly payments of
interest and/or principal
2247 1381 736 130
Less than $50 4 0 0 4
$50 to $99 18 0 18 0
$100 to $199 199 150 30 19
$200 to $299 577 388 154 35
$300 to $399 537 397 127 12
$400 to $499 331 185 109 37
$500 to $599 243 103 131 10
$600 to $699 147 70 69 8
$700 to $799 102 43 59 0
$800 to $899 36 23 13 0
$900 to $999 18 18 0 0
$1,000 or more 36 5 25 6
Median 360 338 435 356
Mean 400 369 463 376
No regular monthly payments
required
299 240 46 13

Interest and Principal Payments on
Total Mortgages as Percent of Income

Regular monthly payments of
interest and/or principal
2247 1381 736 130
Less than 5 percent 52 20 25 7
5 to 9 percent 547 406 118 24
10 to 14 percent 549 343 181 25
15 to 19 percent 331 187 120 24
20 to 24 percent 160 99 54 7
25 to 29 percent 163 81 67 16
30 to 34 percent 79 26 39 14
35 to 39 percent 33 13 20 0
40 to 49 percent 60 35 23 3
50 percent or more 91 43 42 6
Not reported or not computed 182 130 48 4
Median 13.9 12.9 15.8 16.4
No regular monthly payments
required
299 240 46 13

Homeowner mobile homes with
installment loan
2096 1621 416 59

INSTALLMENT LOAN CHARACTERISTICS


Year Installment Loan Made

1999 to 2001(part)
807 687 103 16
1997 to 1998 474 344 102 28
1995 to 1996 397 289 105 3
1990 to 1994 277 201 67 9
1985 to 1989 141 99 39 3
1980 to 1984 0 0 0 0
1979 or earlier 0 0 0 0

Installment Loan Outstanding Debt

Less than $5,000
127 97 12 18
$5,000 to $9,999 177 133 44 0
$10,000 to $14,999 182 148 27 7
$15,000 to $19,999 268 215 49 4
$20,000 to $29,999 423 298 116 9
$30,000 to $39,999 352 270 72 9
$40,000 to $49,999 246 202 37 8
$50,000 to $59,999 163 132 26 5
$60,000 to $79,999 119 95 24 0
$80,000 to $99,999 14 10 3 0
$100,000 or more 25 20 5 0
Median 26954 27284 26555 21135
Mean 30034 30230 30267 23036

Current Interest Rate on
Installment Loan

Less than 4.0 percent
0 0 0 0
4.0 percent 0 0 0 0
4.1 to 4.4 percent 0 0 0 0
4.5 to 4.9 percent 5 5 0 0
5.0 percent 3 3 0 0
5.1 to 5.4 percent 0 0 0 0
5.5 to 5.9 percent 5 5 0 0
6.0 percent 9 4 5 0
6.1 to 6.4 percent 0 0 0 0
6.5 to 6.9 percent 10 0 10 0
7.0 percent 0 0 0 0
7.1 to 7.4 percent 15 15 0 0
7.5 to 7.9 percent 1415 1040 339 35
8.0 percent 14 14 0 0
8.1 to 9.9 percent 112 100 7 5
10.0 percent 76 73 0 3
10.1 to 10.9 percent 90 64 16 10
11.0 percent 47 36 8 3
11.1 percent to 11.9 percent 60 50 10 0
12.0 percent or more 235 212 20 3
Median 2096.2 1621.2 415.8 59.3

Holder of Installment Loan

Commercial bank or trust company
410 341 58 11
Savings and loan association, federal
savings bank
315 234 70 11
Mutual savings bank 82 62 21 0
Credit union 169 128 38 3
Finance company 985 763 192 31
State or municipal government or
housing finance agency
18 14 4 0
Other 117 79 34 3

INSTALLMENT LOAN PAYMENTS AND OTHER
EXPENSES


Monthly Interest and Principal
Payments on Installment Loan

Regular monthly payments of
interest and
1586 1376 168 41
Less than $50 0 0 0 0
$50 to $99 0 0 0 0
$100 to $199 178 150 14 14
$200 to $299 445 385 54 6
$300 to $399 443 392 45 6
$400 to $499 212 185 23 4
$500 to $599 129 103 17 10
$600 to $699 82 70 9 3
$700 to $799 48 43 5 0
$800 to $899 23 23 0 0
$900 to $999 18 18 0 0
$1,000 or more 5 5 0 0
Median 338 338 334 320
Mean 368 369 363 345
No regular payments required 371 103 245 23

Other Monthly Payments on
Installment Loan

Other regular monthly payments
17 17 0 0
Less than $50 12 12 0 0
$50 to $99 5 5 0 0
$100 to $199 0 0 0 0
$200 to $299 0 0 0 0
$300 to $399 0 0 0 0
$400 to $499 0 0 0 0
$500 to $599 0 0 0 0
$600 to $699 0 0 0 0
$700 to $799 0 0 0 0
$800 to $899 0 0 0 0
$900 to $999 0 0 0 0
$1,000 or more 0 0 0 0
Median 50- 50- 50- 50-
Mean 55 55 0 0
No other regular payments
required
2075 1600 416 59

Rental and vacant mobile homes
with traditional first mortgage or
installment loan
336 192 108 35

PROPERTY CHARACTERISTICS


Manner of Acquisition

By purchase
284 169 93 22
Placed one new mortgage 199 98 79 22
Placed two or more new mortgages 0 0 0 0
Assumed mortgage(s) already on property 8 0 8 0
Assumed mortgage(s) already on property
and placed new mortgage
0 0 0 0
Borrowed using assets other than this
property as collateral
0 0 0 0
Paid all cash-no borrowing 0 0 0 0
Other manner 77 71 6 0
By inheritance or gift 12 12 0 0
By divorce 0 0 0 0
By tax free exchange of
other property
0 0 0 0
By foreclosure or assignment 0 0 0 0
By some other manner 13 0 7 6
Not reported 26 11 8 7

Source of Downpayment@1

Properties purchased
1995 to 2001 (part)
158 98 45 16
Sale of stock or other partnership
shares for this project
0 0 0 0
Sale of previously owned stocks,
shares, or other securities
7 0 0 7
Sale of land or other real estate 5 0 5 0
Owner's cash, bank deposits,
share accounts, or bonds
79 69 3 7
Borrowing from a retirement plan 0 0 0 0
Borrowing using assets other than this
property as collateral
6 6 0 0
Proceeds from an insurance policy 0 0 0 0
From a state or local government source 0 0 0 0
From a non-profit organization 8 8 0 0
Proceeds from sale of tax credits 0 0 0 0
From parents or relatives 0 0 0 0
Other cash source 8 8 0 0
Non-cash source 0 0 0 0
No downpayment required 45 6 31 9
Not reported 6 0 6 0
Other properties 172 88 63 20
Not reported 6 6 0 0

Year Property Acquired

1999 to 2001 (part)
89 52 25 12
1997 and 1998 36 19 17 0
1995 and 1996 46 33 3 9
1990 to 1994 75 48 27 0
1985 to 1989 51 16 21 14
1980 to 1984 30 15 15 0
1975 to 1979 9 9 0 0
1970 to 1974 0 0 0 0
1969 or earlier 0 0 0 0

Property New or Previously Owned When
Acquired

Acquired by purchase
284 169 93 22
New 109 87 22 0
Previously owned 175 82 71 22
As residential property 175 82 71 22
Converted from nonresidential use 0 0 0 0
Other 0 0 0 0
Not reported 0 0 0 0
Other properties 25 12 7 6
Not reported 26 11 8 7

Year Structure Built

1999 to March 2000
27 27 0 0
1997 and 1998 13 8 5 0
1995 and 1996 34 31 3 0
1990 to 1994 58 29 29 0
1980 to 1989 72 27 25 20
1970 to 1979 99 43 40 16
1969 or earlier 32 27 5 0

Purchase Price

Properties acquired by
purchase 1997 to 2001 (part)
125 70 42 12
Less than $5,000 5 5 0 0
$5,000 to $9,999 18 0 18 0
$10,000 to $14,999 7 7 0 0
$15,000 to $19,999 23 6 11 6
$20,000 to $29,999 7 0 7 0
$30,000 to $39,999 14 14 0 0
$40,000 to $49,999 14 14 0 0
$50,000 to $59,999 0 0 0 0
$60,000 to $79,999 12 12 0 0
$80,000 to $99,999 9 4 5 0
$100,000 or more 15 8 0 7
Median 31794 42578 16257 100000+
Mean 42505 47700 21982 82446
Other properties 211 122 66 23

Value

Less than $5,000
43 28 13 3
$5,000 to $9,999 34 19 15 0
$10,000 to $14,999 52 22 11 19
$15,000 to $19,999 26 8 18 0
$20,000 to $29,999 49 31 18 0
$30,000 to $39,999 37 37 0 0
$40,000 to $49,999 36 19 18 0
$50,000 to $59,999 23 17 0 6
$60,000 to $79,999 25 11 7 7
$80,000 to $99,999 8 0 8 0
$100,000 or more 0 0 0 0
Median 22418 26147 19176 13838
Mean 27277 26250 27947 30813

Value of Capital Improvements

Properties with capital
improvements between 1998
and 2000
150 73 58 20
Less than $500 21 17 4 0
$500 to $999 6 0 6 0
$1,000 to $2,499 60 36 18 6
$2,500 to $4,999 24 16 8 0
$5,000 to $7,499 13 0 7 7
$7,500 to $9,999 0 0 0 0
$10,000 to $14,999 7 0 0 7
$15,000 to $19,999 10 4 6 0
$20,000 to $29,999 0 0 0 0
$30,000 or more 8 0 8 0
Median 2198 1827 2549 6441
Mean 6837 2577 12070 7309
Properties with no capital
improvements between 1998 and 2000
143 95 36 12
Capital improvements not
reported
42 24 15 3

Monthly Rental Receipts

Acquired before 2000
293 173 90 30
Less than $100 5 5 0 0
$100 to $199 19 16 3 0
$200 to $299 19 15 4 0
$300 to $399 22 13 6 3
$400 to $499 20 11 3 7
$500 to $599 47 29 18 0
$600 to $799 13 6 7 0
$800 to $999 14 6 8 0
$1000 or more 60 17 29 14
No rental receipts 73 56 11 6
Median 550 492 719 1000+
Mean 903 398 1252 2777
Acquired 2000 and 2001 (part) 43 19 18 6

Rental Receipts as Percent of Value@8

Acquired before 2000
293 173 90 30
Less than 5 percent 0 0 0 0
5 to 9 percent 34 27 7 0
10 to 14 percent 28 28 0 0
15 to 19 percent 20 8 12 0
20 to 24 percent 0 0 0 0
25 to 29 percent 9 0 9 0
30 to 39 percent 0 0 0 0
40 percent or more 123 49 51 24
Median 40+ 15 40+ 40+
Acquired 2000 and 2001 (part) 43 19 18 6

Rental Vacancy Losses as Percent of
Potential Receipts

Acquired before 2000
293 173 90 30
Less than 1.0 percent 62 49 7 7
1.0 to 2.9 percent 0 0 0 0
3.0 to 4.9 percent 0 0 0 0
5.0 to 6.9 percent 0 0 0 0
7.0 to 8.9 percent 0 0 0 0
9.0 to 10.9 percent 8 0 8 0
11.0 to 12.9 percent 0 0 0 0
13.0 to 14.9 percent 0 0 0 0
15.0 percent or more 37 17 19 0
Not reported or not computed 186 107 56 23
Median 0.9 0.7 24.1 0.5
Acquired 2000 and 2001 (part) 43 19 18 6

Age Restrictions

Mobile home restricted to people
age 55 or older
6 0 6 0
Mobile home not restricted to people
age 55 or older
324 187 102 35
Not reported 5 5 0 0

Type of Property Benefits@1

Government-sponsored below-market
interest rate mortgage loan
0 0 0 0
Government rental subsidy 0 0 0 0
Government grant 0 0 0 0
Property tax relief 12 6 6 0
Federal income tax credit for
low-income, old or historic properties
0 0 0 0
Accelerated federal income tax
depreciation for low- and
moderate-income properties
0 0 0 0
Subsidy from a non-profit corporation 0 0 0 0
None of the above benefits 298 169 94 35
Not reported 26 17 8 0

Source of Property Benefits@1

With property benefits
12 6 6 0
Federal government 0 0 0 0
State government 12 6 6 0
Local government 0 0 0 0
Non-profit corporation 0 0 0 0
Not reported 0 0 0 0
With no property benefits 298 169 94 35
Not reported 26 17 8 0

Reason for Benefits@1

With property benefits
12 6 6 0
Occupied by low- or moderate-income
individuals
0 0 0 0
Occupied by elderly or disabled
individuals
0 0 0 0
A historic structure 0 0 0 0
Located in a community development or
economic development area
0 0 0 0
Covered by a Homestead Exemption 6 6 0 0
Covered by a Community Land Trust 0 0 0 0
Covered by disaster relief 0 0 0 0
Other reason 6 0 6 0
Not reported 0 0 0 0
With no property benefits 298 169 94 35
Not reported 26 17 8 0

OWNER CHARACTERISTICS


Type of Owner

Individual investor(s)
319 181 103 35
Limited partnership 5 0 5 0
Joint venture 6 6 0 0
General partnership 0 0 0 0
Life insurance company 0 0 0 0
Depository institution 0 0 0 0
Public real estate investment trust 0 0 0 0
Private real estate investment trust 0 0 0 0
Corporation - other than real estate
investment trust
0 0 0 0
Housing cooperative organization 0 0 0 0
Non-profit or church-related institution 5 5 0 0
Pension fund 0 0 0 0
Fraternal organization 0 0 0 0
Other 0 0 0 0

MORTGAGE CHARACTERISTICS


Method of Loan Application

By computer over the Internet or
by e-mail
0 0 0 0
By telephone or FAX 0 0 0 0
By regular mail 0 0 0 0
By personal visit 76 0 47 29
Through third party (such as real
estate agent or builder)
8 0 8 0
Some other way 0 0 0 0
Not reported 59 0 53 7
Not available 192 192 0 0

Origin of First Mortgage

Mortgage made at time property acquired
116 0 88 28
Mortgage assumed at the time property
acquired
8 0 8 0
Mortgage placed later than acquisition of
property
19 0 11 7
Refinanced mortgage 19 0 11 7
Same lender 11 0 11 0
Different lender 7 0 0 7
Mortgage placed on property
owned free and clear of debt
0 0 0 0
Not available 192 192 0 0

Purpose of First Mortgage Placed
Later Than Acquisition of Property

Properties on which
mortgages placed later
than acquisition of property
19 0 11 7
Obtain lower interest rate 0 0 0 0
Increase payment period for mortgage 0 0 0 0
Reduce payment period for mortgage 0 0 0 0
Renew or extend loan that had fallen
due, without increasing outstanding
balance
0 0 0 0
Receive cash or increase outstanding
balance of loan
19 0 11 7
Other reason 0 0 0 0
Not reported 0 0 0 0
Other properties 125 0 97 28
Not available 192 192 0 0

Cash Received From Refinancing
or Placing Mortgage on Property
Owned Free and Clear

Properties on which cash
received
7 0 0 7
Less than $5,000 0 0 0 0
$5,000 to $9,999 0 0 0 0
$10,000 to $14,999 7 0 0 7
$15,000 to $19,999 0 0 0 0
$20,000 to $29,999 0 0 0 0
$30,000 to $39,999 0 0 0 0
$40,000 to $49,999 0 0 0 0
$50,000 to $59,999 0 0 0 0
$60,000 to $79,999 0 0 0 0
$80,000 to $99,999 0 0 0 0
$100,000 or more 0 0 0 0
Not reported 0 0 0 0
Median 12500 5000- 5000- 12500
Mean 14000 0 0 14000
Properties that refinanced
and did not receive cash back
0 0 0 0
Properties that refinanced
and did not report if received
cash back
11 0 11 0
Properties that did not
refinance
125 0 97 28
Not available 192 192 0 0

Use of Cash From Refinancing or
Placing Mortgage on Property Owned Free
and Clear

Properties on which cash
received@1
7 0 0 7
For additions, improvements or repairs
to this property
7 0 0 7
To consolidate debts 0 0 0 0
For investment in other real estate 0 0 0 0
For other types of investments 0 0 0 0
For educational or medical expenses 0 0 0 0
To start a business 0 0 0 0
To settle a divorce 0 0 0 0
To pay taxes 0 0 0 0
To purchase an automobile, truck, or
other vehicle
0 0 0 0
To purchase consumer product other than
automobile, truck, or other vehicle
0 0 0 0
Other 0 0 0 0
Not reported 0 0 0 0
Properties that refinanced
and did not receive cash back
0 0 0 0
Properties that refinanced
and did not report if received
cash back
11 0 11 0
Properties that did not
refinance
125 0 97 28
Not available 192 192 0 0

Year First Mortgage Made or
Assumed

1999 to 2001 (part)
71 0 42 29
1997 and 1998 17 0 17 0
1995 and 1996 7 0 7 0
1990 to 1994 36 0 30 7
1985 to 1989 8 0 8 0
1980 to 1984 3 0 3 0
1979 or earlier 192 192 0 0

First Mortgage Insurance Status

FHA-insured first mortgage
12 0 12 0
VA-guaranteed first mortgage 0 0 0 0
Rural Housing Service-Rural Development-
insured or -guaranteed first mortgage
0 0 0 0
Other federal, state, or local
government-insured or guaranteed
first mortgage
6 0 0 6
Insured conventional first mortgage 14 0 0 14
Uninsured conventional first mortgage 112 0 96 15
Not reported 192 192 0 0

Traditional First Mortgage Loan

Less than $5,000
0 0 0 0
$5,000 to $9,999 10 0 10 0
$10,000 to $14,999 0 0 0 0
$15,000 to $19,999 11 0 6 6
$20,000 to $29,999 22 0 22 0
$30,000 to $39,999 29 0 23 6
$40,000 to $49,999 19 0 13 7
$50,000 to $59,999 5 0 5 0
$60,000 to $79,999 13 0 13 0
$80,000 to $99,999 0 0 0 0
$100,000 or more 15 0 5 10
Not reported 211 192 12 7
Median 36372 5000- 34350 43559
Mean 46723 0 40104 69187

Total Mortgage Loan

Less than $5,000
7 7 0 0
$5,000 to $9,999 17 7 10 0
$10,000 to $14,999 0 0 0 0
$15,000 to $19,999 54 42 6 6
$20,000 to $29,999 41 21 19 0
$30,000 to $39,999 72 58 7 6
$40,000 to $49,999 35 19 9 7
$50,000 to $59,999 5 0 5 0
$60,000 to $79,999 51 25 25 0
$80,000 to $99,999 21 13 8 0
$100,000 or more 15 0 5 10
Not reported 19 0 12 7
Median 35551 33200 45598 43559
Mean 42490 35856 47909 69187

Traditional First Mortgage Outstanding
Debt

Less than $5,000
7 0 7 0
$5,000 to $9,999 3 0 3 0
$10,000 to $14,999 6 0 0 6
$15,000 to $19,999 8 0 8 0
$20,000 to $29,999 34 0 28 6
$30,000 to $39,999 27 0 20 7
$40,000 to $49,999 24 0 24 0
$50,000 to $59,999 0 0 0 0
$60,000 to $79,999 0 0 0 0
$80,000 to $99,999 0 0 0 0
$100,000 or more 15 0 5 10
Not reported 211 192 12 7
Median 31405 5000- 30702 33559
Mean 40688 0 35147 59489

Current Interest Rate on First Mortgage

Less than 6.0 percent
51 0 46 6
6.0 percent 0 0 0 0
6.1 to 6.4 percent 0 0 0 0
6.5 to 6.9 percent 0 0 0 0
7.0 percent 17 0 10 7
7.1 to 7.4 percent 0 0 0 0
7.5 to 7.9 percent 3 0 0 3
8.0 percent 5 0 5 0
8.1 to 8.4 percent 7 0 0 7
8.5 to 8.9 percent 7 0 7 0
9.0 percent 0 0 0 0
9.1 to 9.4 percent 0 0 0 0
9.5 to 9.9 percent 6 0 6 0
10.0 percent 6 0 6 0
10.1 to 10.4 percent 0 0 0 0
10.5 to 10.9 percent 7 0 7 0
11.0 percent 0 0 0 0
11.1 to 12.9 percent 6 0 0 6
13.0 percent 0 0 0 0
13.1 percent or more 28 0 21 7
Not reported 192 192 0 0
Median 8.0 0.0 7.1 8.2

Type of Interest Rate Buydown

Properties with interest rate
buydown
0 0 0 0
Constant payment 0 0 0 0
3-2-1 buydown 0 0 0 0
Other 0 0 0 0
Not reported 0 0 0 0
Properties without interest
rate buydown
57 0 35 23
Not reported 278 192 73 13

Term of First Mortgage

Less than 5 years
11 0 11 0
5 years 0 0 0 0
6 to 9 years 6 0 6 0
10 years 6 0 0 6
11 to 14 years 0 0 0 0
15 years 11 0 7 3
16 to 19 years 0 0 0 0
20 years 0 0 0 0
21 to 24 years 4 0 4 0
25 years 0 0 0 0
26 to 29 years 0 0 0 0
30 years 20 0 7 13
More than 30 years 0 0 0 0
No stated term 278 192 73 13
Median 15 5- 15 30

Unexpired Term of First Mortgage

Less than 5 years
11 0 11 0
5 to 9 years 12 0 6 6
10 to 14 years 3 0 0 3
15 to 19 years 18 0 18 0
20 to 24 years 7 0 0 7
25 to 29 years 7 0 0 7
30 or more years 0 0 0 0
No stated term or not computed 278 192 73 13
Median 15 5- 15 21

Holder of First Mortgage

Commercial bank or trust company
53 0 43 9
Savings and loan association, federal
savings bank
58 31 12 14
Mutual savings bank 0 0 0 0
Life insurance company 12 0 12 0
Mortgage banker or mortgage company 7 0 0 7
Federally-sponsored secondary market
agency or pool
42 0 36 6
Conventional mortgage pool 0 0 0 0
Other federal agency 0 0 0 0
Real estate investment trust 0 0 0 0
Pension or retirement fund 0 0 0 0
Credit union 20 20 0 0
Finance company 133 133 0 0
State or municipal government or
housing finance agency
7 7 0 0
Individual or individual's estate 4 0 4 0
Other 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
104 0 82 22
Less than 40 percent 0 0 0 0
40 to 49 percent 0 0 0 0
50 to 59 percent 0 0 0 0
60 to 69 percent 17 0 17 0
70 to 79 percent 0 0 0 0
80 to 89 percent 0 0 0 0
90 to 94 percent 7 0 0 7
95 to 99 percent 7 0 0 7
100 percent or more 62 0 53 9
Not reported 12 0 12 0
Median 100+ 40- 100+ 98
Other properties 39 0 26 13
Not available 192 192 0 0

First Mortgage Loan as a Percent
of Value

Properties acquired by
purchase with first mortgage
made or assumed at time of
purchase
104 0 82 22
Less than 40 percent 0 0 0 0
40 to 49 percent 0 0 0 0
50 to 59 percent 12 0 5 7
60 to 69 percent 35 0 35 0
70 to 79 percent 0 0 0 0
80 to 89 percent 0 0 0 0
90 to 94 percent 7 0 0 7
95 to 99 percent 0 0 0 0
100 percent or more 39 0 30 9
Not reported 12 0 12 0
Median 69 40- 68 93
Other properties 39 0 26 13
Not available 192 192 0 0

First Mortgage Risk

Subprime loan
8 0 8 0
Not subprime loan 135 0 100 35
Not reported 192 192 0 0

Index Used to Adjust Interest Rate
on ARM

Properties with adjustable
rate first mortgage
35 0 0 35
Treasury security 16 0 0 16
Average cost of funds in bank district 0 0 0 0
National average cost of funds 0 0 0 0
OTS contract mortgage rate 0 0 0 0
Other method 0 0 0 0
No index used 0 0 0 0
Not reported 19 0 0 19
Other properties 108 0 108 0
Not reported 192 192 0 0

Frequency With Which Rate Can Be
Adjusted

Properties with adjustable
rate first mortgage
35 0 0 35
Monthly 0 0 0 0
Every 3 months 0 0 0 0
Every 6 months 0 0 0 0
Yearly 10 0 0 10
Every 3 years 6 0 0 6
Every 5 years 7 0 0 7
Other 0 0 0 0
Not reported 13 0 0 13
Other properties 108 0 108 0
Not reported 192 192 0 0

Caps on Interest Rate Per Adjustment
Period

Properties with adjustable
rate first mortgage
35 0 0 35
Less than 1 percent 0 0 0 0
1 percent 0 0 0 0
1.1 to 1.9 percent 0 0 0 0
2 percent 23 0 0 23
2.1 to 2.9 percent 0 0 0 0
3 percent 0 0 0 0
3.1 to 3.9 percent 0 0 0 0
4.0 percent or more 0 0 0 0
No caps 0 0 0 0
Not reported 13 0 0 13
Other properties 108 0 108 0
Not reported 192 192 0 0

Caps on Interest Rate Over Life of ARM

Properties with adjustable
rate first mortgage
35 0 0 35
Less than 1 percent 0 0 0 0
1 percent 0 0 0 0
1.1 to 1.9 percent 0 0 0 0
2 percent 0 0 0 0
2.1 to 2.9 percent 0 0 0 0
3 percent 0 0 0 0
3.1 to 3.9 percent 0 0 0 0
4.0 percent or more 23 0 0 23
No caps 0 0 0 0
Not reported 13 0 0 13
Other properties 108 0 108 0
Not reported 192 192 0 0

Interest Rate Changed Since
Mortgage Made

Properties with adjustable
rate first mortgage
35 0 0 35
Yes, rate has changed 16 0 0 16
No change since mortgage made 7 0 0 7
Not reported 13 0 0 13
Other properties 108 0 108 0
Not reported 192 192 0 0

Percentage of Margin Over Index on ARM

Properties with adjustable rate
first mortgage
35 0 0 35
Less than 1 percent 0 0 0 0
1 percent 0 0 0 0
1.1 to 1.9 percent 0 0 0 0
2 percent 0 0 0 0
2.1 to 2.9 percent 13 0 0 13
3 percent 0 0 0 0
3.1 to 3.9 percent 9 0 0 9
4 percent 0 0 0 0
4.1 to 4.9 percent 0 0 0 0
5 percent or more 0 0 0 0
Not reported 13 0 0 13
Median 2.9 0.0 0.0 2.9
Other properties 108 0 108 0
Not reported 192 192 0 0

ARM Convertible to Fixed Rate Mortgage

Properties with adjustable rate
first mortgage
35 0 0 35
Can be converted 7 0 0 7
Cannot be converted 16 0 0 16
Not reported 13 0 0 13
Other properties 108 0 108 0
Not reported 192 192 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
Payments can change monthly 0 0 0 0
Payments can change every three months 0 0 0 0
Payments can change every six months 0 0 0 0
Payments can change yearly 0 0 0 0
Payments can change every 3 years 0 0 0 0
Payments can change every 5 years 0 0 0 0
Other 0 0 0 0
Not reported 0 0 0 0
Monthly payments cannot
change
131 0 108 23
Not reported 205 192 0 13

First Mortgage Allows for Negative
Amortization

Monthly payments can change
(other than change in interest
rate)
0 0 0 0
Yes, unrestricted negative amortization 0 0 0 0
Yes, restricted negative amortization 0 0 0 0
No negative amortization allowed 0 0 0 0
Not reported 0 0 0 0
Monthly payments cannot change 131 0 108 23
Not reported 205 192 0 13

MORTGAGE PAYMENTS AND OTHER EXPENSES


Method of Payment of First Mortgage

Regular payments of interest
and/or principal
103 0 80 23
Interest and principal 103 0 80 23
Fully amortized 93 0 70 23
Not fully amortized 10 0 10 0
Interest only 0 0 0 0
No regular payments required 0 0 0 0
Not reported 233 192 28 13

Items Included in First Mortgage
Payment@1

Regular monthly payments of
both interest and principal
103 0 80 23
Real estate taxes 20 0 7 13
Property insurance 0 0 0 0
Mortgage insurance 7 0 0 7
Other 7 0 7 0
No items included or not reported 83 0 73 9
No regular payments of interest
and principal
233 192 28 13

Monthly Interest and Principal Payments
on First Mortgage

Regular monthly payments of
interest and/or principal
103 0 80 23
Less than $50 0 0 0 0
$50 to $99 3 0 3 0
$100 to $199 0 0 0 0
$200 to $299 8 0 8 0
$300 to $399 40 0 33 7
$400 to $499 17 0 11 6
$500 to $599 5 0 5 0
$600 to $699 0 0 0 0
$700 to $799 8 0 8 0
$800 to $899 7 0 0 7
$900 to $999 0 0 0 0
$1,000 or more 14 0 11 3
Median 399 50- 385 476
Mean 565 0 526 702
No regular payments required 0 0 0 0
Not reported 233 192 28 13

Current First Mortgage Payment Status

Regular monthly payments of
principal and/or interest
336 192 108 35
Up-to-date, ahead of schedule, or
less than 90 days past due
57 0 35 23
Delinquent by 90 days or more 0 0 0 0
Legal proceedings have begun 0 0 0 0
Legal proceedings have not begun 0 0 0 0
Not reported 0 0 0 0
Not reported 278 192 73 13
Other properties 0 0 0 0

Monthly Interest and Principal Payments
on Total Mortgages

Regular monthly payments of
interest and/or principal
278 169 87 23
Less than $50 0 0 0 0
$50 to $99 3 0 3 0
$100 to $199 12 12 0 0
$200 to $299 52 44 8 0
$300 to $399 100 63 31 7
$400 to $499 36 12 18 6
$500 to $599 5 0 5 0
$600 to $699 16 13 3 0
$700 to $799 14 6 8 0
$800 to $899 7 0 0 7
$900 to $999 0 0 0 0
$1,000 or more 33 19 11 3
Median 371 344 408 476
Mean 532 467 613 702
No regular monthly payments
required
58 24 21 13

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

Acquired before 2000 and
regular payments of interest
and/or princi
85 0 62 23
Less than 20 percent 0 0 0 0
20 to 29 percent 14 0 14 0
30 to 39 percent 8 0 8 0
40 to 49 percent 7 0 0 7
50 to 59 percent 0 0 0 0
60 to 69 percent 3 0 3 0
70 to 79 percent 9 0 9 0
80 to 89 percent 7 0 0 7
90 to 99 percent 11 0 11 0
100 percent or more 7 0 4 3
Not reported or not computed 18 0 11 6
Median 71.1 19.5- 68.6 82.3
Other properties 251 192 46 13

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

Acquired before 2000 and regular
payments of interest and/or
principal
241 150 69 23
Less than 20 percent 7 7 0 0
20 to 29 percent 8 0 8 0
30 to 39 percent 19 11 8 0
40 to 49 percent 15 8 0 7
50 to 59 percent 6 0 6 0
60 to 69 percent 16 13 3 0
70 to 79 percent 19 6 13 0
80 to 89 percent 12 6 0 7
90 to 99 percent 11 0 11 0
100 percent or more 56 46 7 3
Not reported or not computed 71 54 11 6
Median 76.9 85.6 72.1 82.3
Other properties 94 43 39 13

Real Estate Tax Per $1,000 Value

Acquired before 2000
293 173 90 30
Less than $5 57 33 16 7
$5 to $9 60 46 8 6
$10 to $14 29 16 13 0
$15 to $19 19 12 7 0
$20 to $24 0 0 0 0
$25 to $29 17 12 5 0
$30 to $39 0 0 0 0
$40 to $49 20 8 11 0
$50 to $59 29 0 22 7
$60 or more 42 25 7 10
Not reported or not computed 21 21 0 0
Median 13 9 25 52
Acquired 2000 and 2001 (part) 43 19 18 6

Real Estate Tax as Percent of Rental
Receipts

Acquired before 2000
293 173 90 30
Less than 5 percent 114 53 47 14
5 to 9 percent 49 30 20 0
10 to 14 percent 4 4 0 0
15 to 19 percent 21 9 12 0
20 to 24 percent 0 0 0 0
25 to 29 percent 0 0 0 0
30 to 34 percent 0 0 0 0
35 to 39 percent 0 0 0 0
40 percent or more 10 0 0 10
Not reported or not computed 95 77 11 6
Median 5- 5- 5- 5-
Acquired 2000 and 2001 (part) 43 19 18 6

Rental and vacant mobile homes
with installment loan
216 192 24 0

INSTALLMENT LOAN CHARACTERISTICS


Year Installment Loan Made

1999 to 2001(part)
73 73 0 0
1997 to 1998 27 27 0 0
1995 to 1996 22 20 3 0
1990 to 1994 72 56 15 0
1985 to 1989 22 16 6 0
1980 to 1984 0 0 0 0
1979 or earlier 0 0 0 0

Installment Loan Outstanding Debt

Less than $5,000
7 7 0 0
$5,000 to $9,999 7 7 0 0
$10,000 to $14,999 6 0 6 0
$15,000 to $19,999 42 42 0 0
$20,000 to $29,999 24 21 3 0
$30,000 to $39,999 65 58 7 0
$40,000 to $49,999 27 19 8 0
$50,000 to $59,999 0 0 0 0
$60,000 to $79,999 25 25 0 0
$80,000 to $99,999 13 13 0 0
$100,000 or more 0 0 0 0
Median 33361 33200 34726 5000-
Mean 35321 35856 31053 0

Current Interest Rate on
Installment Loan

Less than 4.0 percent
0 0 0 0
4.0 percent 0 0 0 0
4.1 to 4.4 percent 0 0 0 0
4.5 to 4.9 percent 0 0 0 0
5.0 percent 0 0 0 0
5.1 to 5.4 percent 0 0 0 0
5.5 to 5.9 percent 0 0 0 0
6.0 percent 0 0 0 0
6.1 to 6.4 percent 0 0 0 0
6.5 to 6.9 percent 0 0 0 0
7.0 percent 0 0 0 0
7.1 to 7.4 percent 0 0 0 0
7.5 to 7.9 percent 173 148 24 0
8.0 percent 0 0 0 0
8.1 to 9.9 percent 26 26 0 0
10.0 percent 0 0 0 0
10.1 to 10.9 percent 11 11 0 0
11.0 percent 0 0 0 0
11.1 percent to 11.9 percent 0 0 0 0
12.0 percent or more 7 7 0 0
Median 216.4 192.3 24.1 0.0

Holder of Installment Loan

Commercial bank or trust company
8 0 8 0
Savings and loan association, federal
savings bank
38 31 7 0
Mutual savings bank 0 0 0 0
Credit union 20 20 0 0
Finance company 136 133 3 0
State or municipal government or
housing finance agency
7 7 0 0
Other 6 0 6 0

INSTALLMENT LOAN PAYMENT AND OTHER
EXPENSES


Monthly Interest and Principal
Payments on Installment Loan

Regular monthly payments of
interest and/
184 169 16 0
Less than $50 0 0 0 0
$50 to $99 0 0 0 0
$100 to $199 12 12 0 0
$200 to $299 44 44 0 0
$300 to $399 66 63 3 0
$400 to $499 19 12 7 0
$500 to $599 0 0 0 0
$600 to $699 13 13 0 0
$700 to $799 6 6 0 0
$800 to $899 0 0 0 0
$900 to $999 0 0 0 0
$1,000 or more 25 19 6 0
Median 354 344 473 50-
Mean 488 467 709 0
No regular payments required 0 0 0 0

Other Monthly Payments on
Installment Loan

Other regular monthly payments
0 0 0 0
Less than $50 0 0 0 0
$50 to $99 0 0 0 0
$100 to $199 0 0 0 0
$200 to $299 0 0 0 0
$300 to $399 0 0 0 0
$400 to $499 0 0 0 0
$500 to $599 0 0 0 0
$600 to $699 0 0 0 0
$700 to $799 0 0 0 0
$800 to $899 0 0 0 0
$900 to $999 0 0 0 0
$1,000 or more 0 0 0 0
Median 50- 50- 50- 50-
Mean 0 0 0 0
No other regular payments
required
216 192 24 0

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