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Residential Finance Survey

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Residential Finance Survey: 2001 - Northeast
Table 9-2b. 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.
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
165 92 70 3

PROPERTY CHARACTERISTICS


Manner of Acquisition

By purchase
153 89 63 0
Placed one new mortgage 94 39 55 0
Placed two or more new mortgages 0 0 0 0
Assumed mortgage(s) already on property 5 0 5 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 8 8 0 0
Other manner 46 43 3 0
By inheritance or gift 5 0 3 3
By divorce 0 0 0 0
By some other manner 7 3 4 0
Not reported 0 0 0 0

Source of Downpayment@1

Properties purchased
1995 to 2001 (part)
104 67 37 0
Sale of previous home 18 8 10 0
Sale of other real property or other
investments
0 0 0 0
Savings 45 31 15 0
Borrowing from a retirement plan 3 3 0 0
Borrowing using assets other than this
property as collateral
4 4 0 0
Proceeds from an insurance policy 0 0 0 0
Payments in a lease-purchase agreement 0 0 0 0
From a state or local government source 0 0 0 0
From a non-profit organization 0 0 0 0
From parents or relatives 8 3 5 0
Other 0 0 0 0
No downpayment required 26 19 7 0
Not reported 0 0 0 0
Other properties 61 25 33 3
Not reported 0 0 0 0

Year Property Acquired

1999 to 2001 (part)
54 37 18 0
1997 and 1998 30 16 14 0
1995 and 1996 23 14 9 0
1990 to 1994 21 7 14 0
1985 to 1989 24 15 9 0
1980 to 1984 4 4 0 0
1975 to 1979 6 0 3 3
1970 to 1974 0 0 0 0
1969 or earlier 3 0 3 0

Property New or Previously Occupied When
Acquired

Acquired by purchase
153 89 63 0
New 56 28 29 0
Previously occupied by someone else 96 62 35 0
Converted from non-residential use 0 0 0 0
Other 0 0 0 0
Not reported 0 0 0 0
Other properties 12 3 7 3
Not reported 0 0 0 0

Year Structure Built

1999 to March 2000
26 15 11 0
1997 and 1998 9 3 6 0
1995 and 1996 8 4 4 0
1990 to 1994 15 7 8 0
1980 to 1989 72 48 24 0
1970 to 1979 28 16 10 3
1969 or earlier 7 0 7 0

Purchase Price

Properties acquired by
purchase 1997 to 2001 (part)
81 53 28 0
Less than $5,000 0 0 0 0
$5,000 to $9,999 16 10 5 0
$10,000 to $14,999 14 14 0 0
$15,000 to $19,999 0 0 0 0
$20,000 to $29,999 3 3 0 0
$30,000 to $39,999 16 9 7 0
$40,000 to $49,999 0 0 0 0
$50,000 to $59,999 4 4 0 0
$60,000 to $79,999 21 8 13 0
$80,000 to $99,999 6 3 3 0
$100,000 or more 0 0 0 0
Median 34474 25727 63019 5000-
Mean 38672 31375 52635 0
Other properties 84 39 42 3

Value

Less than $5,000
4 4 0 0
$5,000 to $9,999 14 8 3 3
$10,000 to $14,999 32 25 7 0
$15,000 to $19,999 12 4 8 0
$20,000 to $29,999 22 10 13 0
$30,000 to $39,999 17 13 4 0
$40,000 to $49,999 14 7 7 0
$50,000 to $59,999 6 3 4 0
$60,000 to $79,999 27 18 10 0
$80,000 to $99,999 8 3 6 0
$100,000 or more 9 0 9 0
Median 29533 26159 39821 7500
Mean 36824 30960 45687 7000

Value of Capital Improvements

Properties with capital
improvements between 1998
and 2000
81 58 23 0
Less than $500 3 0 3 0
$500 to $999 15 15 0 0
$1,000 to $2,499 14 6 8 0
$2,500 to $4,999 25 20 5 0
$5,000 to $7,499 3 3 0 0
$7,500 to $9,999 4 4 0 0
$10,000 to $14,999 12 5 7 0
$15,000 to $19,999 4 4 0 0
$20,000 to $29,999 0 0 0 0
$30,000 or more 0 0 0 0
Median 3327 3484 2730 500-
Mean 4434 4345 4657 0
Properties with no capital
improvements between 1998 and 2000
71 29 40 3
Capital improvements not
reported
13 6 7 0

Age Restrictions

Mobile home restricted to people
age 55 or older
8 8 0 0
Mobile home not restricted to people
age 55 or older
147 81 64 3
Not reported 9 3 6 0

Type of Property Benefits@1

Government-sponsored below-market
interest rate mortgage loan
0 0 0 0
Other government grant or subsidy 4 4 0 0
Property tax relief 15 5 10 0
Subsidy from a non-profit corporation 0 0 0 0
None of the above benefits 119 66 51 3
Not reported 26 17 9 0

Source of Property Benefits@1

With property benefits
19 10 10 0
Federal government 0 0 0 0
State government 14 4 10 0
Local government 8 5 3 0
Non-profit corporation 0 0 0 0
Not reported 0 0 0 0
With no property benefits 119 66 51 3
Not reported 26 17 9 0

Reason for Benefits@1

With property benefits
19 10 10 0
Occupied by low- or moderate-income
individuals
8 4 4 0
Occupied by elderly or disabled
individuals
12 5 7 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 0 0 0 0
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 0 0 0 0
With no property benefits 119 66 51 3
Not reported 26 17 9 0

OWNER CHARACTERISTICS


Owner Status

1 owner
92 63 26 3
2 owners 70 30 40 0
3 or more owners 4 0 4 0

Age of Owner

Under 25
6 3 3 0
25 to 34 25 15 10 0
35 to 44 44 23 19 3
45 to 54 39 21 18 0
55 to 64 25 18 7 0
65 to 74 13 7 7 0
75 and over 4 0 4 0
Not reported 9 6 3 0
Median 45 46 45 40

Race of Owner

White alone
165 92 70 3
Black or African American alone 0 0 0 0
American Indian or Alaska Native alone 0 0 0 0
Asian alone 0 0 0 0
Native Hawaiian or Other Pacific
Islander alone
0 0 0 0
Two or more races 0 0 0 0

Sex of Owner

Male/Male and female co-owners
128 73 54 0
Female 37 19 16 3

Hispanic/Latino Origin

Hispanic/Latino owner(s) only
0 0 0 0
No Hispanic/Latino owner(s) 165 92 70 3

Veteran Status@1

Veteran
22 16 6 0
Active member of Reserves or National
Guard for at least 6 years
0 0 0 0
Persian Gulf War or after
(August 1990 to present)
3 0 3 0
Vietnam or after
(August 1964 to July 1990)
12 9 3 0
Korean conflict or after
(July 1950 to July 1964)
9 9 0 0
World War II or after
(September 1940 to June 1950)
0 0 0 0
Nonveteran 129 66 61 3
Not reported 14 11 3 0

Income

Less than $5,000
13 10 3 0
$5,000 to $9,999 0 0 0 0
$10,000 to $14,999 12 5 7 0
$15,000 to $19,999 11 4 8 0
$20,000 to $24,999 16 11 4 0
$25,000 to $29,999 18 12 5 0
$30,000 to $34,999 24 18 3 3
$35,000 to $39,999 0 0 0 0
$40,000 to $49,999 23 10 13 0
$50,000 to $59,999 29 7 22 0
$60,000 to $79,999 13 10 3 0
$80,000 to $99,999 8 4 3 0
$100,000 to $119,999 0 0 0 0
$120,000 or more 0 0 0 0
Median 32752 31058 43934 32500
Mean 35798 34127 38224 30000

Owned Home Previously

Previously owned home
61 31 30 0
Never owned home before 95 56 37 3
Not reported 9 6 3 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 19 0 19 0
Through third party (such as real
estate agent or builder)
18 0 18 0
Some other way 0 0 0 0
Not reported 34 0 34 0
Not available 95 92 0 3

Origin of First Mortgage

Mortgage made at time property acquired
56 0 56 0
Mortgage assumed at the time property
acquired
5 0 5 0
Mortgage placed later than acquisition of
property
9 0 9 0
Refinanced mortgage 0 0 0 0
Same lender 0 0 0 0
Different lender 0 0 0 0
Mortgage placed on property
owned free and clear of debt
9 0 9 0
Not available 95 92 0 3

Purpose of First Mortgage Placed
Later Than Acquisition of Property

Properties on which
mortgages placed later
than acquisition of property
9 0 9 0
Obtain lower interest rate 6 0 6 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
3 0 3 0
Other reason 0 0 0 0
Not reported 0 0 0 0
Other properties 61 0 61 0
Not available 95 92 0 3

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

Properties on which cash
received
9 0 9 0
Less than $5,000 0 0 0 0
$5,000 to $9,999 0 0 0 0
$10,000 to $14,999 0 0 0 0
$15,000 to $19,999 0 0 0 0
$20,000 to $29,999 0 0 0 0
$30,000 to $39,999 3 0 3 0
$40,000 to $49,999 0 0 0 0
$50,000 to $59,999 0 0 0 0
$60,000 to $79,999 6 0 6 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 65780 5000- 65780 5000-
Mean 54614 0 54614 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
0 0 0 0
Properties that did not
refinance
61 0 61 0
Not available 95 92 0 3

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

Properties on which cash
received@1
9 0 9 0
For additions, improvements or repairs
to this property
6 0 6 0
To consolidate debts 3 0 3 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 6 0 6 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
0 0 0 0
Properties that did not
refinance
61 0 61 0
Not available 95 92 0 3

Year First Mortgage Made or
Assumed

1999 to 2001 (part)
22 0 22 0
1997 and 1998 20 0 20 0
1995 and 1996 10 0 10 0
1990 to 1994 13 0 13 0
1985 to 1989 3 0 3 0
1980 to 1984 0 0 0 0
1979 or earlier 98 92 3 3

First Mortgage Insurance Status

FHA-insured first mortgage
13 0 13 0
VA-guaranteed first mortgage 3 0 3 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
0 0 0 0
Insured conventional first mortgage 7 0 7 0
Uninsured conventional first mortgage 47 0 47 0
Not reported 95 92 0 3

Traditional First Mortgage Loan

Less than $5,000
0 0 0 0
$5,000 to $9,999 12 0 12 0
$10,000 to $14,999 0 0 0 0
$15,000 to $19,999 12 0 12 0
$20,000 to $29,999 7 0 7 0
$30,000 to $39,999 6 0 6 0
$40,000 to $49,999 12 0 12 0
$50,000 to $59,999 0 0 0 0
$60,000 to $79,999 16 0 16 0
$80,000 to $99,999 4 0 4 0
$100,000 or more 0 0 0 0
Not reported 95 92 0 3
Median 35355 5000- 35355 5000-
Mean 37941 0 37941 0

Total Mortgage Loan

Less than $5,000
11 11 0 0
$5,000 to $9,999 0 0 0 0
$10,000 to $14,999 20 14 5 0
$15,000 to $19,999 28 21 8 0
$20,000 to $29,999 44 28 13 3
$30,000 to $39,999 14 10 4 0
$40,000 to $49,999 15 3 12 0
$50,000 to $59,999 3 0 3 0
$60,000 to $79,999 11 5 6 0
$80,000 to $99,999 6 0 6 0
$100,000 or more 14 0 14 0
Not reported 0 0 0 0
Median 25429 20157 44773 25000
Mean 36377 22165 55600 25000

Traditional First Mortgage Outstanding
Debt

Less than $5,000
0 0 0 0
$5,000 to $9,999 16 0 16 0
$10,000 to $14,999 8 0 8 0
$15,000 to $19,999 0 0 0 0
$20,000 to $29,999 10 0 10 0
$30,000 to $39,999 10 0 10 0
$40,000 to $49,999 6 0 6 0
$50,000 to $59,999 0 0 0 0
$60,000 to $79,999 16 0 16 0
$80,000 to $99,999 4 0 4 0
$100,000 or more 0 0 0 0
Not reported 95 92 0 3
Median 30766 5000- 30766 5000-
Mean 35338 0 35338 0

Total Mortgage Outstanding Debt

Less than $5,000
11 11 0 0
$5,000 to $9,999 4 0 4 0
$10,000 to $14,999 20 14 5 0
$15,000 to $19,999 25 21 4 0
$20,000 to $29,999 44 28 13 3
$30,000 to $39,999 17 10 7 0
$40,000 to $49,999 14 3 11 0
$50,000 to $59,999 0 0 0 0
$60,000 to $79,999 14 5 9 0
$80,000 to $99,999 3 0 3 0
$100,000 or more 14 0 14 0
Not reported 0 0 0 0
Median 25429 20157 42167 25000
Mean 35274 22165 52997 25000

Current Interest Rate on First Mortgage

Less than 6.0 percent
22 0 22 0
6.0 percent 0 0 0 0
6.1 to 6.4 percent 0 0 0 0
6.5 to 6.9 percent 3 0 3 0
7.0 percent 15 0 15 0
7.1 to 7.4 percent 0 0 0 0
7.5 to 7.9 percent 0 0 0 0
8.0 percent 0 0 0 0
8.1 to 8.4 percent 0 0 0 0
8.5 to 8.9 percent 9 0 9 0
9.0 percent 0 0 0 0
9.1 to 9.4 percent 0 0 0 0
9.5 to 9.9 percent 0 0 0 0
10.0 percent 4 0 4 0
10.1 to 10.4 percent 4 0 4 0
10.5 to 10.9 percent 4 0 4 0
11.0 percent 0 0 0 0
11.1 to 12.9 percent 0 0 0 0
13.0 percent 0 0 0 0
13.1 percent or more 9 0 9 0
Not reported 95 92 0 3
Median 7.1 0.0 7.1 0.0

Type of Interest Rate Buydown

Properties with interest rate
buydown
4 0 4 0
Constant payment 4 0 4 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
24 0 24 0
Not reported 136 92 41 3

Term of First Mortgage

Less than 5 years
0 0 0 0
5 years 0 0 0 0
6 to 9 years 0 0 0 0
10 years 0 0 0 0
11 to 14 years 0 0 0 0
15 years 8 0 8 0
16 to 19 years 0 0 0 0
20 years 0 0 0 0
21 to 24 years 0 0 0 0
25 years 0 0 0 0
26 to 29 years 0 0 0 0
30 years 20 0 20 0
More than 30 years 0 0 0 0
No stated term 136 92 41 3
Median 30 5- 30 5-

Unexpired Term of First Mortgage

Less than 5 years
0 0 0 0
5 to 9 years 4 0 4 0
10 to 14 years 4 0 4 0
15 to 19 years 0 0 0 0
20 to 24 years 3 0 3 0
25 to 29 years 17 0 17 0
30 or more years 0 0 0 0
No stated term or not computed 136 92 41 3
Median 25 5- 25 5-

Holder of First Mortgage

Commercial bank or trust company
47 26 21 0
Savings and loan association, federal
savings bank
30 26 4 0
Mutual savings bank 3 3 0 0
Life insurance company 0 0 0 0
Mortgage banker or mortgage company 3 0 3 0
Federally-sponsored secondary market
agency or pool
24 0 24 0
Conventional mortgage pool 4 0 4 0
Other federal agency 5 0 5 0
Real estate investment trust 0 0 0 0
Pension or retirement fund 0 0 0 0
Credit union 4 0 4 0
Finance company 30 24 4 3
State or municipal government or
housing finance agency
0 0 0 0
Individual or individual's estate 0 0 0 0
Other 13 13 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
57 0 57 0
Less than 40 percent 0 0 0 0
40 to 49 percent 0 0 0 0
50 to 59 percent 4 0 4 0
60 to 69 percent 20 0 20 0
70 to 79 percent 3 0 3 0
80 to 89 percent 0 0 0 0
90 to 94 percent 0 0 0 0
95 to 99 percent 0 0 0 0
100 percent or more 31 0 31 0
Not reported 0 0 0 0
Median 100+ 40- 100+ 40-
Other properties 13 0 13 0
Not available 95 92 0 3

First Mortgage Loan as a Percent
of Value

Properties acquired by
purchase with first mortgage
made or assumed at time of
purchase
57 0 57 0
Less than 40 percent 0 0 0 0
40 to 49 percent 0 0 0 0
50 to 59 percent 4 0 4 0
60 to 69 percent 27 0 27 0
70 to 79 percent 0 0 0 0
80 to 89 percent 4 0 4 0
90 to 94 percent 0 0 0 0
95 to 99 percent 3 0 3 0
100 percent or more 19 0 19 0
Not reported 0 0 0 0
Median 69 40- 69 40-
Other properties 13 0 13 0
Not available 95 92 0 3

First Mortgage Risk

Subprime loan
9 0 9 0
Not subprime loan 61 0 61 0
Not reported 95 92 0 3

Index Used to Adjust Interest Rate
on ARM

Properties with adjustable
rate first mortgage
0 0 0 0
Treasury security 0 0 0 0
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 0 0 0 0
Other properties 70 0 70 0
Not reported 95 92 0 3

Frequency With Which Rate Can Be
Adjusted

Properties with adjustable
rate first mortgage
0 0 0 0
Monthly 0 0 0 0
Every 3 months 0 0 0 0
Every 6 months 0 0 0 0
Yearly 0 0 0 0
Every 3 years 0 0 0 0
Every 5 years 0 0 0 0
Other 0 0 0 0
Not reported 0 0 0 0
Other properties 70 0 70 0
Not reported 95 92 0 3

Caps on Interest Rate Per Adjustment
Period

Properties with adjustable
rate first mortgage
0 0 0 0
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 0 0 0 0
No caps 0 0 0 0
Not reported 0 0 0 0
Other properties 70 0 70 0
Not reported 95 92 0 3

Caps on Interest Rate Over Life of ARM

Properties with adjustable
rate first mortgage
0 0 0 0
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 0 0 0 0
No caps 0 0 0 0
Not reported 0 0 0 0
Other properties 70 0 70 0
Not reported 95 92 0 3

Interest Rate Changed Since
Mortgage Made

Properties with adjustable
rate first mortgage
0 0 0 0
Yes, rate has changed 0 0 0 0
No change since mortgage made 0 0 0 0
Not reported 0 0 0 0
Other properties 70 0 70 0
Not reported 95 92 0 3

Percentage of Margin Over Index on ARM

Properties with adjustable rate
first mortgage
0 0 0 0
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 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 0 0 0 0
Median 0.0 0.0 0.0 0.0
Other properties 70 0 70 0
Not reported 95 92 0 3

ARM Convertible to Fixed Rate Mortgage

Properties with adjustable rate
first mortgage
0 0 0 0
Can be converted 0 0 0 0
Cannot be converted 0 0 0 0
Not reported 0 0 0 0
Other properties 70 0 70 0
Not reported 95 92 0 3

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
70 0 70 0
Not reported 95 92 0 3

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 70 0 70 0
Not reported 95 92 0 3

MORTGAGE PAYMENTS AND OTHER EXPENSES


Method of Payment of First Mortgage

Regular payments of interest
and/or principal
52 0 52 0
Interest and principal 52 0 52 0
Fully amortized 48 0 48 0
Not fully amortized 3 0 3 0
Interest only 0 0 0 0
No regular payments required 0 0 0 0
Not reported 113 92 18 3

Items Included in First Mortgage
Payment@1

Regular monthly payments of
both interest and principal
52 0 52 0
Real estate taxes 13 0 13 0
Property insurance 0 0 0 0
Mortgage insurance 0 0 0 0
Other 3 0 3 0
No items included or not reported 38 0 38 0
No regular payments of interest
and principal
113 92 18 3

Monthly Interest and Principal Payments
on First Mortgage

Regular monthly payments of
interest and/or principal
52 0 52 0
Less than $50 0 0 0 0
$50 to $99 0 0 0 0
$100 to $199 4 0 4 0
$200 to $299 16 0 16 0
$300 to $399 6 0 6 0
$400 to $499 9 0 9 0
$500 to $599 3 0 3 0
$600 to $699 14 0 14 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 400 50- 400 50-
Mean 410 0 410 0
No regular payments required 0 0 0 0
Not reported 113 92 18 3

Current First Mortgage Payment Status

Regular monthly payments of
principal and/or interest
165 92 70 3
Up-to-date, ahead of schedule, or
less than 90 days past due
29 0 29 0
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 136 92 41 3
Other properties 0 0 0 0

Monthly Interest and Principal Payments
on Total Mortgages

Regular monthly payments of
interest and/or principal
131 64 64 3
Less than $50 0 0 0 0
$50 to $99 0 0 0 0
$100 to $199 11 3 8 0
$200 to $299 34 18 16 0
$300 to $399 34 31 3 0
$400 to $499 21 13 9 0
$500 to $599 6 0 6 0
$600 to $699 13 0 13 0
$700 to $799 3 0 3 0
$800 to $899 6 0 6 0
$900 to $999 0 0 0 0
$1,000 or more 3 0 0 3
Median 360 337 455 1000+
Mean 409 326 461 1168
No regular monthly payments
required
34 28 6 0

Interest and Principal Payments on
Total Mortgages as Percent of Income

Regular monthly payments of
interest and/or principal
131 64 64 3
Less than 5 percent 3 0 3 0
5 to 9 percent 38 30 8 0
10 to 14 percent 37 18 18 0
15 to 19 percent 25 3 22 0
20 to 24 percent 4 0 4 0
25 to 29 percent 13 4 8 0
30 to 34 percent 0 0 0 0
35 to 39 percent 0 0 0 0
40 to 49 percent 8 5 0 3
50 percent or more 3 3 0 0
Not reported or not computed 0 0 0 0
Median 13.2 10.5 15.5 45.0
No regular monthly payments
required
34 28 6 0

Homeowner mobile homes with
installment loan
146 92 51 3

INSTALLMENT LOAN CHARACTERISTICS


Year Installment Loan Made

1999 to 2001(part)
55 41 14 0
1997 to 1998 28 16 11 0
1995 to 1996 23 14 9 0
1990 to 1994 17 7 10 0
1985 to 1989 23 15 6 3
1980 to 1984 0 0 0 0
1979 or earlier 0 0 0 0

Installment Loan Outstanding Debt

Less than $5,000
15 11 4 0
$5,000 to $9,999 9 0 9 0
$10,000 to $14,999 20 14 5 0
$15,000 to $19,999 24 21 3 0
$20,000 to $29,999 46 28 15 3
$30,000 to $39,999 17 10 7 0
$40,000 to $49,999 10 3 7 0
$50,000 to $59,999 0 0 0 0
$60,000 to $79,999 5 5 0 0
$80,000 to $99,999 0 0 0 0
$100,000 or more 0 0 0 0
Median 21121 20157 22295 25000
Mean 22233 22165 22218 25000

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 120 76 42 3
8.0 percent 3 3 0 0
8.1 to 9.9 percent 0 0 0 0
10.0 percent 3 3 0 0
10.1 to 10.9 percent 7 7 0 0
11.0 percent 8 0 8 0
11.1 percent to 11.9 percent 0 0 0 0
12.0 percent or more 4 4 0 0
Median 145.6 92.4 50.6 2.6

Holder of Installment Loan

Commercial bank or trust company
29 26 3 0
Savings and loan association, federal
savings bank
43 26 14 3
Mutual savings bank 8 3 5 0
Credit union 4 0 4 0
Finance company 40 24 16 0
State or municipal government or
housing finance agency
0 0 0 0
Other 21 13 8 0

INSTALLMENT LOAN PAYMENTS AND OTHER
EXPENSES


Monthly Interest and Principal
Payments on Installment Loan

Regular monthly payments of
interest and
82 64 18 0
Less than $50 0 0 0 0
$50 to $99 0 0 0 0
$100 to $199 7 3 4 0
$200 to $299 23 18 6 0
$300 to $399 31 31 0 0
$400 to $499 16 13 3 0
$500 to $599 0 0 0 0
$600 to $699 5 0 5 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 335 337 288 50-
Mean 339 326 384 0
No regular payments required 32 0 30 3

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
146 92 51 3

Rental and vacant mobile homes
with traditional first mortgage or
installment loan
26 7 13 7

PROPERTY CHARACTERISTICS


Manner of Acquisition

By purchase
26 7 13 7
Placed one new mortgage 19 0 13 7
Placed two or more new mortgages 0 0 0 0
Assumed mortgage(s) already on property 0 0 0 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 7 7 0 0
By inheritance or gift 0 0 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 0 0 0 0
Not reported 0 0 0 0

Source of Downpayment@1

Properties purchased
1995 to 2001 (part)
19 0 13 7
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 0 0 0 0
Owner's cash, bank deposits,
share accounts, or bonds
7 0 0 7
Borrowing from a retirement plan 0 0 0 0
Borrowing using assets other than this
property as collateral
0 0 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 0 0 0 0
Proceeds from sale of tax credits 0 0 0 0
From parents or relatives 0 0 0 0
Other cash source 0 0 0 0
Non-cash source 0 0 0 0
No downpayment required 7 0 7 0
Not reported 6 0 6 0
Other properties 7 7 0 0
Not reported 0 0 0 0

Year Property Acquired

1999 to 2001 (part)
14 0 7 7
1997 and 1998 6 0 6 0
1995 and 1996 0 0 0 0
1990 to 1994 7 7 0 0
1985 to 1989 0 0 0 0
1980 to 1984 0 0 0 0
1975 to 1979 0 0 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
26 7 13 7
New 7 7 0 0
Previously owned 19 0 13 7
As residential property 19 0 13 7
Converted from nonresidential use 0 0 0 0
Other 0 0 0 0
Not reported 0 0 0 0
Other properties 0 0 0 0
Not reported 0 0 0 0

Year Structure Built

1999 to March 2000
0 0 0 0
1997 and 1998 0 0 0 0
1995 and 1996 0 0 0 0
1990 to 1994 7 7 0 0
1980 to 1989 13 0 13 0
1970 to 1979 7 0 0 7
1969 or earlier 0 0 0 0

Purchase Price

Properties acquired by
purchase 1997 to 2001 (part)
19 0 13 7
Less than $5,000 0 0 0 0
$5,000 to $9,999 7 0 7 0
$10,000 to $14,999 0 0 0 0
$15,000 to $19,999 6 0 6 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 7 0 0 7
Median 17391 5000- 9553 100000+
Mean 55494 0 11275 139000
Other properties 7 7 0 0

Value

Less than $5,000
0 0 0 0
$5,000 to $9,999 7 0 7 0
$10,000 to $14,999 7 0 0 7
$15,000 to $19,999 6 0 6 0
$20,000 to $29,999 7 7 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
Median 14547 25000 9553 12500
Mean 13061 20000 9509 12800

Value of Capital Improvements

Properties with capital
improvements between 1998
and 2000
0 0 0 0
Less than $500 0 0 0 0
$500 to $999 0 0 0 0
$1,000 to $2,499 0 0 0 0
$2,500 to $4,999 0 0 0 0
$5,000 to $7,499 0 0 0 0
$7,500 to $9,999 0 0 0 0
$10,000 to $14,999 0 0 0 0
$15,000 to $19,999 0 0 0 0
$20,000 to $29,999 0 0 0 0
$30,000 or more 0 0 0 0
Median 500- 500- 500- 500-
Mean 0 0 0 0
Properties with no capital
improvements between 1998 and 2000
26 7 13 7
Capital improvements not
reported
0 0 0 0

Monthly Rental Receipts

Acquired before 2000
26 7 13 7
Less than $100 0 0 0 0
$100 to $199 0 0 0 0
$200 to $299 7 7 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 $799 7 0 7 0
$800 to $999 0 0 0 0
$1000 or more 12 0 6 7
No rental receipts 0 0 0 0
Median 781 250 782 1000+
Mean 1088 220 1189 1769
Acquired 2000 and 2001 (part) 0 0 0 0

Rental Receipts as Percent of Value@8

Acquired before 2000
26 7 13 7
Less than 5 percent 0 0 0 0
5 to 9 percent 0 0 0 0
10 to 14 percent 7 7 0 0
15 to 19 percent 0 0 0 0
20 to 24 percent 0 0 0 0
25 to 29 percent 0 0 0 0
30 to 39 percent 0 0 0 0
40 percent or more 19 0 13 7
Median 40+ 12 40+ 40+
Acquired 2000 and 2001 (part) 0 0 0 0

Rental Vacancy Losses as Percent of
Potential Receipts

Acquired before 2000
26 7 13 7
Less than 1.0 percent 7 7 0 0
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 0 0 0 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 0 0 0 0
Not reported or not computed 19 0 13 7
Median 0.5 0.5 0.0 0.0
Acquired 2000 and 2001 (part) 0 0 0 0

Age Restrictions

Mobile home restricted to people
age 55 or older
0 0 0 0
Mobile home not restricted to people
age 55 or older
26 7 13 7
Not reported 0 0 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 6 0 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 20 7 7 7
Not reported 0 0 0 0

Source of Property Benefits@1

With property benefits
6 0 6 0
Federal government 0 0 0 0
State government 6 0 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 20 7 7 7
Not reported 0 0 0 0

Reason for Benefits@1

With property benefits
6 0 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 0 0 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 20 7 7 7
Not reported 0 0 0 0

OWNER CHARACTERISTICS


Type of Owner

Individual investor(s)
26 7 13 7
Limited partnership 0 0 0 0
Joint venture 0 0 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 0 0 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 19 0 13 7
Through third party (such as real
estate agent or builder)
0 0 0 0
Some other way 0 0 0 0
Not reported 0 0 0 0
Not available 7 7 0 0

Origin of First Mortgage

Mortgage made at time property acquired
19 0 13 7
Mortgage assumed at the time property
acquired
0 0 0 0
Mortgage placed later than acquisition of
property
0 0 0 0
Refinanced mortgage 0 0 0 0
Same lender 0 0 0 0
Different lender 0 0 0 0
Mortgage placed on property
owned free and clear of debt
0 0 0 0
Not available 7 7 0 0

Purpose of First Mortgage Placed
Later Than Acquisition of Property

Properties on which
mortgages placed later
than acquisition of property
0 0 0 0
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
0 0 0 0
Other reason 0 0 0 0
Not reported 0 0 0 0
Other properties 19 0 13 7
Not available 7 7 0 0

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

Properties on which cash
received
0 0 0 0
Less than $5,000 0 0 0 0
$5,000 to $9,999 0 0 0 0
$10,000 to $14,999 0 0 0 0
$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 5000- 5000- 5000- 5000-
Mean 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
0 0 0 0
Properties that did not
refinance
19 0 13 7
Not available 7 7 0 0

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

Properties on which cash
received@1
0 0 0 0
For additions, improvements or repairs
to this property
0 0 0 0
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
0 0 0 0
Properties that did not
refinance
19 0 13 7
Not available 7 7 0 0

Year First Mortgage Made or
Assumed

1999 to 2001 (part)
14 0 7 7
1997 and 1998 6 0 6 0
1995 and 1996 0 0 0 0
1990 to 1994 0 0 0 0
1985 to 1989 0 0 0 0
1980 to 1984 0 0 0 0
1979 or earlier 7 7 0 0

First Mortgage Insurance Status

FHA-insured first mortgage
0 0 0 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
0 0 0 0
Insured conventional first mortgage 7 0 0 7
Uninsured conventional first mortgage 13 0 13 0
Not reported 7 7 0 0

Traditional First Mortgage Loan

Less than $5,000
0 0 0 0
$5,000 to $9,999 7 0 7 0
$10,000 to $14,999 0 0 0 0
$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 7 0 0 7
Not reported 12 7 6 0
Median 9911 5000- 7500 100000+
Mean 65043 0 5000 127300

Total Mortgage Loan

Less than $5,000
0 0 0 0
$5,000 to $9,999 7 0 7 0
$10,000 to $14,999 0 0 0 0
$15,000 to $19,999 0 0 0 0
$20,000 to $29,999 7 7 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 7 0 0 7
Not reported 6 0 6 0
Median 24816 25000 7500 100000+
Mean 51820 25000 5000 127300

Traditional First Mortgage Outstanding
Debt

Less than $5,000
7 0 7 0
$5,000 to $9,999 0 0 0 0
$10,000 to $14,999 0 0 0 0
$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 7 0 0 7
Not reported 12 7 6 0
Median 5000- 5000- 5000- 100000+
Mean 62215 0 4846 121700

Current Interest Rate on First Mortgage

Less than 6.0 percent
6 0 6 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 7 0 0 7
7.1 to 7.4 percent 0 0 0 0
7.5 to 7.9 percent 0 0 0 0
8.0 percent 0 0 0 0
8.1 to 8.4 percent 0 0 0 0
8.5 to 8.9 percent 0 0 0 0
9.0 percent 0 0 0 0
9.1 to 9.4 percent 0 0 0 0
9.5 to 9.9 percent 0 0 0 0
10.0 percent 0 0 0 0
10.1 to 10.4 percent 0 0 0 0
10.5 to 10.9 percent 0 0 0 0
11.0 percent 0 0 0 0
11.1 to 12.9 percent 0 0 0 0
13.0 percent 0 0 0 0
13.1 percent or more 7 0 7 0
Not reported 7 7 0 0
Median 7.1 0.0 20.9 7.1

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
7 0 0 7
Not reported 19 7 13 0

Term of First Mortgage

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

Unexpired Term of First Mortgage

Less than 5 years
0 0 0 0
5 to 9 years 0 0 0 0
10 to 14 years 0 0 0 0
15 to 19 years 0 0 0 0
20 to 24 years 0 0 0 0
25 to 29 years 7 0 0 7
30 or more years 0 0 0 0
No stated term or not computed 19 7 13 0
Median 27 5- 5- 27

Holder of First Mortgage

Commercial bank or trust company
0 0 0 0
Savings and loan association, federal
savings bank
13 7 0 7
Mutual savings bank 0 0 0 0
Life insurance company 7 0 7 0
Mortgage banker or mortgage company 0 0 0 0
Federally-sponsored secondary market
agency or pool
6 0 6 0
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 0 0 0 0
Finance company 0 0 0 0
State or municipal government or
housing finance agency
0 0 0 0
Individual or individual's estate 0 0 0 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
19 0 13 7
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 0 0 0 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 7 0 7 0
Not reported 6 0 6 0
Median 100+ 40- 100+ 92
Other properties 0 0 0 0
Not available 7 7 0 0

First Mortgage Loan as a Percent
of Value

Properties acquired by
purchase with first mortgage
made or assumed at time of
purchase
19 0 13 7
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 0 0 0 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 7 0 7 0
Not reported 6 0 6 0
Median 100+ 40- 100+ 92
Other properties 0 0 0 0
Not available 7 7 0 0

First Mortgage Risk

Subprime loan
0 0 0 0
Not subprime loan 19 0 13 7
Not reported 7 7 0 0

Index Used to Adjust Interest Rate
on ARM

Properties with adjustable
rate first mortgage
7 0 0 7
Treasury security 7 0 0 7
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 0 0 0 0
Other properties 13 0 13 0
Not reported 7 7 0 0

Frequency With Which Rate Can Be
Adjusted

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

Caps on Interest Rate Per Adjustment
Period

Properties with adjustable
rate first mortgage
7 0 0 7
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 7 0 0 7
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 0 0 0 0
Other properties 13 0 13 0
Not reported 7 7 0 0

Caps on Interest Rate Over Life of ARM

Properties with adjustable
rate first mortgage
7 0 0 7
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 7 0 0 7
No caps 0 0 0 0
Not reported 0 0 0 0
Other properties 13 0 13 0
Not reported 7 7 0 0

Interest Rate Changed Since
Mortgage Made

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

Percentage of Margin Over Index on ARM

Properties with adjustable rate
first mortgage
7 0 0 7
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 7 0 0 7
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 0 0 0 0
5 percent or more 0 0 0 0
Not reported 0 0 0 0
Median 2.6 0.0 0.0 2.6
Other properties 13 0 13 0
Not reported 7 7 0 0

ARM Convertible to Fixed Rate Mortgage

Properties with adjustable rate
first mortgage
7 0 0 7
Can be converted 0 0 0 0
Cannot be converted 7 0 0 7
Not reported 0 0 0 0
Other properties 13 0 13 0
Not reported 7 7 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
19 0 13 7
Not reported 7 7 0 0

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 19 0 13 7
Not reported 7 7 0 0

MORTGAGE PAYMENTS AND OTHER EXPENSES


Method of Payment of First Mortgage

Regular payments of interest
and/or principal
7 0 0 7
Interest and principal 7 0 0 7
Fully amortized 7 0 0 7
Not fully amortized 0 0 0 0
Interest only 0 0 0 0
No regular payments required 0 0 0 0
Not reported 19 7 13 0

Items Included in First Mortgage
Payment@1

Regular monthly payments of
both interest and principal
7 0 0 7
Real estate taxes 7 0 0 7
Property insurance 0 0 0 0
Mortgage insurance 7 0 0 7
Other 0 0 0 0
No items included or not reported 0 0 0 0
No regular payments of interest
and principal
19 7 13 0

Monthly Interest and Principal Payments
on First Mortgage

Regular monthly payments of
interest and/or principal
7 0 0 7
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 7 0 0 7
$900 to $999 0 0 0 0
$1,000 or more 0 0 0 0
Median 850 50- 50- 850
Mean 846 0 0 846
No regular payments required 0 0 0 0
Not reported 19 7 13 0

Current First Mortgage Payment Status

Regular monthly payments of
principal and/or interest
26 7 13 7
Up-to-date, ahead of schedule, or
less than 90 days past due
7 0 0 7
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 19 7 13 0
Other properties 0 0 0 0

Monthly Interest and Principal Payments
on Total Mortgages

Regular monthly payments of
interest and/or principal
13 7 0 7
Less than $50 0 0 0 0
$50 to $99 0 0 0 0
$100 to $199 0 0 0 0
$200 to $299 7 7 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 7 0 0 7
$900 to $999 0 0 0 0
$1,000 or more 0 0 0 0
Median 299 250 50- 850
Mean 532 220 0 846
No regular monthly payments
required
13 0 13 0

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

Acquired before 2000 and
regular payments of interest
and/or princi
7 0 0 7
Less than 20 percent 0 0 0 0
20 to 29 percent 0 0 0 0
30 to 39 percent 0 0 0 0
40 to 49 percent 7 0 0 7
50 to 59 percent 0 0 0 0
60 to 69 percent 0 0 0 0
70 to 79 percent 0 0 0 0
80 to 89 percent 0 0 0 0
90 to 99 percent 0 0 0 0
100 percent or more 0 0 0 0
Not reported or not computed 0 0 0 0
Median 45.0 19.5- 19.5- 45.0
Other properties 19 7 13 0

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

Acquired before 2000 and regular
payments of interest and/or
principal
13 7 0 7
Less than 20 percent 0 0 0 0
20 to 29 percent 0 0 0 0
30 to 39 percent 0 0 0 0
40 to 49 percent 7 0 0 7
50 to 59 percent 0 0 0 0
60 to 69 percent 0 0 0 0
70 to 79 percent 0 0 0 0
80 to 89 percent 0 0 0 0
90 to 99 percent 0 0 0 0
100 percent or more 7 7 0 0
Not reported or not computed 0 0 0 0
Median 99.5+ 99.5+ 19.5- 45.0
Other properties 13 0 13 0

Real Estate Tax Per $1,000 Value

Acquired before 2000
26 7 13 7
Less than $5 12 7 6 0
$5 to $9 0 0 0 0
$10 to $14 0 0 0 0
$15 to $19 0 0 0 0
$20 to $24 0 0 0 0
$25 to $29 0 0 0 0
$30 to $39 0 0 0 0
$40 to $49 0 0 0 0
$50 to $59 7 0 0 7
$60 or more 7 0 7 0
Not reported or not computed 0 0 0 0
Median 50 5- 60+ 55
Acquired 2000 and 2001 (part) 0 0 0 0

Real Estate Tax as Percent of Rental
Receipts

Acquired before 2000
26 7 13 7
Less than 5 percent 19 7 6 7
5 to 9 percent 7 0 7 0
10 to 14 percent 0 0 0 0
15 to 19 percent 0 0 0 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 0 0 0 0
Not reported or not computed 0 0 0 0
Median 5- 5- 5 5-
Acquired 2000 and 2001 (part) 0 0 0 0

Rental and vacant mobile homes
with installment loan
7 7 0 0

INSTALLMENT LOAN CHARACTERISTICS


Year Installment Loan Made

1999 to 2001(part)
0 0 0 0
1997 to 1998 0 0 0 0
1995 to 1996 0 0 0 0
1990 to 1994 7 7 0 0
1985 to 1989 0 0 0 0
1980 to 1984 0 0 0 0
1979 or earlier 0 0 0 0

Installment Loan Outstanding Debt

Less than $5,000
0 0 0 0
$5,000 to $9,999 0 0 0 0
$10,000 to $14,999 0 0 0 0
$15,000 to $19,999 0 0 0 0
$20,000 to $29,999 7 7 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
Median 25000 25000 5000- 5000-
Mean 25000 25000 0 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 7 7 0 0
8.0 percent 0 0 0 0
8.1 to 9.9 percent 0 0 0 0
10.0 percent 0 0 0 0
10.1 to 10.9 percent 0 0 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 0 0 0 0
Median 6.7 6.7 0.0 0.0

Holder of Installment Loan

Commercial bank or trust company
0 0 0 0
Savings and loan association, federal
savings bank
7 7 0 0
Mutual savings bank 0 0 0 0
Credit union 0 0 0 0
Finance company 0 0 0 0
State or municipal government or
housing finance agency
0 0 0 0
Other 0 0 0 0

INSTALLMENT LOAN PAYMENT AND OTHER
EXPENSES


Monthly Interest and Principal
Payments on Installment Loan

Regular monthly payments of
interest and/
7 7 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 7 7 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 250 250 50- 50-
Mean 220 220 0 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
7 7 0 0

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