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Residential Finance Survey: 2001 - Midwest
Table 9-2c. 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
458 334 104 19

PROPERTY CHARACTERISTICS


Manner of Acquisition

By purchase
437 316 101 19
Placed one new mortgage 159 62 86 11
Placed two or more new mortgages 0 0 0 0
Assumed mortgage(s) already on property 5 5 0 0
Assumed mortgage(s) already on property
and placed new mortgage
4 0 4 0
Borrowed using assets other than this
property as collateral
0 0 0 0
Paid all cash-no borrowing 21 16 5 0
Other manner 248 233 7 8
By inheritance or gift 9 9 0 0
By divorce 2 2 0 0
By some other manner 3 0 3 0
Not reported 8 8 0 0

Source of Downpayment@1

Properties purchased
1995 to 2001 (part)
334 244 80 10
Sale of previous home 47 36 8 3
Sale of other real property or other
investments
0 0 0 0
Savings 157 118 36 3
Borrowing from a retirement plan 4 4 0 0
Borrowing using assets other than this
property as collateral
25 7 18 0
Proceeds from an insurance policy 7 7 0 0
Payments in a lease-purchase agreement 13 13 0 0
From a state or local government source 10 10 0 0
From a non-profit organization 0 0 0 0
From parents or relatives 33 28 4 0
Other 4 4 0 0
No downpayment required 46 29 13 4
Not reported 17 8 9 0
Other properties 116 82 24 10
Not reported 8 8 0 0

Year Property Acquired

1999 to 2001 (part)
179 130 46 3
1997 and 1998 88 68 13 7
1995 and 1996 84 60 24 0
1990 to 1994 60 43 7 10
1985 to 1989 37 23 14 0
1980 to 1984 6 6 0 0
1975 to 1979 4 4 0 0
1970 to 1974 0 0 0 0
1969 or earlier 0 0 0 0

Property New or Previously Occupied When
Acquired

Acquired by purchase
437 316 101 19
New 212 153 49 10
Previously occupied by someone else 221 164 48 10
Converted from non-residential use 0 0 0 0
Other 0 0 0 0
Not reported 4 0 4 0
Other properties 13 10 3 0
Not reported 8 8 0 0

Year Structure Built

1999 to March 2000
65 44 21 0
1997 and 1998 69 56 14 0
1995 and 1996 63 39 18 6
1990 to 1994 73 59 9 5
1980 to 1989 116 87 25 3
1970 to 1979 51 40 7 4
1969 or earlier 21 10 11 0

Purchase Price

Properties acquired by
purchase 1997 to 2001 (part)
256 190 56 10
Less than $5,000 4 4 0 0
$5,000 to $9,999 29 26 0 3
$10,000 to $14,999 28 24 3 0
$15,000 to $19,999 24 24 0 0
$20,000 to $29,999 46 27 16 4
$30,000 to $39,999 28 13 15 0
$40,000 to $49,999 33 25 5 3
$50,000 to $59,999 27 27 0 0
$60,000 to $79,999 24 20 4 0
$80,000 to $99,999 13 0 13 0
$100,000 or more 0 0 0 0
Median 29340 26412 35717 24214
Mean 33931 31122 45157 24478
Other properties 202 144 48 10

Value

Less than $5,000
17 14 3 0
$5,000 to $9,999 53 48 0 4
$10,000 to $14,999 43 34 3 5
$15,000 to $19,999 62 55 0 7
$20,000 to $29,999 66 52 14 0
$30,000 to $39,999 75 59 16 0
$40,000 to $49,999 29 17 9 3
$50,000 to $59,999 29 17 11 0
$60,000 to $79,999 43 28 15 0
$80,000 to $99,999 12 4 9 0
$100,000 or more 30 6 24 0
Median 28245 23068 55766 15077
Mean 36250 28520 64502 17549

Value of Capital Improvements

Properties with capital
improvements between 1998
and 2000
182 122 51 9
Less than $500 24 16 8 0
$500 to $999 18 18 0 0
$1,000 to $2,499 42 31 7 3
$2,500 to $4,999 42 23 14 5
$5,000 to $7,499 28 20 8 0
$7,500 to $9,999 4 4 0 0
$10,000 to $14,999 6 6 0 0
$15,000 to $19,999 4 0 4 0
$20,000 to $29,999 0 0 0 0
$30,000 or more 14 5 9 0
Median 2914 2320 4258 2954
Mean 6157 3804 12342 3157
Properties with no capital
improvements between 1998 and 2000
242 184 50 8
Capital improvements not
reported
34 28 3 3

Age Restrictions

Mobile home restricted to people
age 55 or older
4 0 4 0
Mobile home not restricted to people
age 55 or older
434 321 97 17
Not reported 20 14 3 3

Type of Property Benefits@1

Government-sponsored below-market
interest rate mortgage loan
0 0 0 0
Other government grant or subsidy 0 0 0 0
Property tax relief 9 9 0 0
Subsidy from a non-profit corporation 0 0 0 0
None of the above benefits 335 240 85 10
Not reported 115 85 20 10

Source of Property Benefits@1

With property benefits
9 9 0 0
Federal government 0 0 0 0
State government 5 5 0 0
Local government 0 0 0 0
Non-profit corporation 0 0 0 0
Not reported 4 4 0 0
With no property benefits 335 240 85 10
Not reported 115 85 20 10

Reason for Benefits@1

With property benefits
9 9 0 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 5 5 0 0
Covered by a Community Land Trust 0 0 0 0
Covered by disaster relief 0 0 0 0
Other reason 0 0 0 0
Not reported 4 4 0 0
With no property benefits 335 240 85 10
Not reported 115 85 20 10

OWNER CHARACTERISTICS


Owner Status

1 owner
223 155 53 14
2 owners 228 171 51 5
3 or more owners 8 8 0 0

Age of Owner

Under 25
20 17 4 0
25 to 34 107 86 16 5
35 to 44 129 96 33 0
45 to 54 84 51 30 3
55 to 64 31 21 10 0
65 to 74 26 18 4 4
75 and over 0 0 0 0
Not reported 61 46 8 6
Median 40 39 43 48

Race of Owner

White alone
435 316 100 19
Black or African American alone 5 5 0 0
American Indian or Alaska Native alone 4 0 4 0
Asian alone 4 4 0 0
Native Hawaiian or Other Pacific
Islander alone
0 0 0 0
Two or more races 9 9 0 0

Sex of Owner

Male/Male and female co-owners
348 261 78 9
Female 110 73 27 11

Hispanic/Latino Origin

Hispanic/Latino owner(s) only
21 18 4 0
No Hispanic/Latino owner(s) 437 317 101 19

Veteran Status@1

Veteran
79 43 36 0
Active member of Reserves or National
Guard for at least 6 years
23 20 3 0
Persian Gulf War or after
(August 1990 to present)
0 0 0 0
Vietnam or after
(August 1964 to July 1990)
43 17 26 0
Korean conflict or after
(July 1950 to July 1964)
9 6 3 0
World War II or after
(September 1940 to June 1950)
9 4 4 0
Nonveteran 332 259 60 13
Not reported 48 33 8 6

Income

Less than $5,000
39 35 0 4
$5,000 to $9,999 4 0 4 0
$10,000 to $14,999 28 21 4 3
$15,000 to $19,999 33 22 7 4
$20,000 to $24,999 50 37 13 0
$25,000 to $29,999 38 19 19 0
$30,000 to $34,999 49 33 16 0
$35,000 to $39,999 39 39 0 0
$40,000 to $49,999 75 62 8 5
$50,000 to $59,999 35 24 10 0
$60,000 to $79,999 51 30 18 3
$80,000 to $99,999 8 4 4 0
$100,000 to $119,999 4 4 0 0
$120,000 or more 4 4 0 0
Median 33659 35008 31328 17967
Mean 36396 36357 38258 27087

Owned Home Previously

Previously owned home
235 167 65 3
Never owned home before 184 138 36 10
Not reported 39 30 3 6

MORTGAGE CHARACTERISTICS


Method of Loan Application

By computer over the Internet or
by e-mail
0 0 0 0
By telephone or FAX 12 0 12 0
By regular mail 0 0 0 0
By personal visit 37 0 33 4
Through third party (such as real
estate agent or builder)
12 0 12 0
Some other way 0 0 0 0
Not reported 63 0 47 15
Not available 334 334 0 0

Origin of First Mortgage

Mortgage made at time property acquired
115 0 96 19
Mortgage assumed at the time property
acquired
4 0 4 0
Mortgage placed later than acquisition of
property
4 0 4 0
Refinanced mortgage 4 0 4 0
Same lender 0 0 0 0
Different lender 4 0 4 0
Mortgage placed on property
owned free and clear of debt
0 0 0 0
Not available 334 334 0 0

Purpose of First Mortgage Placed
Later Than Acquisition of Property

Properties on which
mortgages placed later
than acquisition of property
4 0 4 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
4 0 4 0
Other reason 0 0 0 0
Not reported 0 0 0 0
Other properties 119 0 100 19
Not available 334 334 0 0

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

Properties on which cash
received
4 0 4 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 4 0 4 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 55000 5000- 55000 5000-
Mean 50000 0 50000 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
119 0 100 19
Not available 334 334 0 0

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

Properties on which cash
received@1
4 0 4 0
For additions, improvements or repairs
to this property
4 0 4 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
119 0 100 19
Not available 334 334 0 0

Year First Mortgage Made or
Assumed

1999 to 2001 (part)
68 0 65 3
1997 and 1998 21 0 14 7
1995 and 1996 17 0 17 0
1990 to 1994 18 0 8 10
1985 to 1989 0 0 0 0
1980 to 1984 0 0 0 0
1979 or earlier 334 334 0 0

First Mortgage Insurance Status

FHA-insured first mortgage
0 0 0 0
VA-guaranteed first mortgage 5 0 5 0
Rural Housing Service-Rural Development-
insured or -guaranteed first mortgage
4 0 4 0
Other federal, state, or local
government-insured or guaranteed
first mortgage
0 0 0 0
Insured conventional first mortgage 23 0 19 4
Uninsured conventional first mortgage 91 0 76 15
Not reported 334 334 0 0

Traditional First Mortgage Loan

Less than $5,000
7 0 3 4
$5,000 to $9,999 7 0 4 3
$10,000 to $14,999 7 0 3 4
$15,000 to $19,999 13 0 7 5
$20,000 to $29,999 25 0 25 0
$30,000 to $39,999 21 0 18 3
$40,000 to $49,999 4 0 4 0
$50,000 to $59,999 7 0 7 0
$60,000 to $79,999 4 0 4 0
$80,000 to $99,999 13 0 13 0
$100,000 or more 16 0 16 0
Not reported 334 334 0 0
Median 31264 5000- 35248 12967
Mean 42784 0 48257 13490

Total Mortgage Loan

Less than $5,000
46 38 3 4
$5,000 to $9,999 52 45 4 3
$10,000 to $14,999 47 44 3 0
$15,000 to $19,999 56 47 4 5
$20,000 to $29,999 58 49 9 0
$30,000 to $39,999 46 35 8 4
$40,000 to $49,999 36 21 16 0
$50,000 to $59,999 53 35 15 3
$60,000 to $79,999 31 16 15 0
$80,000 to $99,999 13 0 13 0
$100,000 or more 21 5 16 0
Not reported 0 0 0 0
Median 24843 19272 53986 16917
Mean 34025 25826 62628 21515

Traditional First Mortgage Outstanding
Debt

Less than $5,000
14 0 7 8
$5,000 to $9,999 13 0 8 5
$10,000 to $14,999 4 0 0 4
$15,000 to $19,999 16 0 16 0
$20,000 to $29,999 21 0 18 3
$30,000 to $39,999 16 0 16 0
$40,000 to $49,999 0 0 0 0
$50,000 to $59,999 7 0 7 0
$60,000 to $79,999 4 0 4 0
$80,000 to $99,999 19 0 19 0
$100,000 or more 10 0 10 0
Not reported 334 334 0 0
Median 27004 5000- 32192 6917
Mean 40080 0 45702 9989

Total Mortgage Outstanding Debt

Less than $5,000
49 38 7 4
$5,000 to $9,999 62 45 8 9
$10,000 to $14,999 44 44 0 0
$15,000 to $19,999 55 47 9 0
$20,000 to $29,999 49 49 0 0
$30,000 to $39,999 54 35 16 4
$40,000 to $49,999 28 21 8 0
$50,000 to $59,999 53 35 15 3
$60,000 to $79,999 31 16 15 0
$80,000 to $99,999 13 0 13 0
$100,000 or more 21 5 16 0
Not reported 0 0 0 0
Median 23908 19272 53986 8116
Mean 33294 25826 60072 18014

Current Interest Rate on First Mortgage

Less than 6.0 percent
37 0 26 11
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 3 0 3 0
7.1 to 7.4 percent 8 0 8 0
7.5 to 7.9 percent 14 0 14 0
8.0 percent 4 0 4 0
8.1 to 8.4 percent 0 0 0 0
8.5 to 8.9 percent 7 0 4 3
9.0 percent 5 0 0 5
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 3 0 3 0
11.1 to 12.9 percent 0 0 0 0
13.0 percent 0 0 0 0
13.1 percent or more 42 0 42 0
Not reported 334 334 0 0
Median 8.0 0.0 8.0 5.2

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
46 0 38 8
Not reported 408 334 63 11

Term of First Mortgage

Less than 5 years
3 0 3 0
5 years 0 0 0 0
6 to 9 years 0 0 0 0
10 years 4 0 4 0
11 to 14 years 0 0 0 0
15 years 11 0 3 8
16 to 19 years 0 0 0 0
20 years 3 0 3 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 32 0 32 0
More than 30 years 0 0 0 0
No stated term 405 334 60 11
Median 30 5- 30 15

Unexpired Term of First Mortgage

Less than 5 years
7 0 7 0
5 to 9 years 5 0 0 5
10 to 14 years 6 0 3 3
15 to 19 years 3 0 3 0
20 to 24 years 0 0 0 0
25 to 29 years 32 0 32 0
30 or more years 0 0 0 0
No stated term or not computed 405 334 60 11
Median 25 5- 26 8

Holder of First Mortgage

Commercial bank or trust company
82 47 26 9
Savings and loan association, federal
savings bank
57 42 15 0
Mutual savings bank 7 7 0 0
Life insurance company 0 0 0 0
Mortgage banker or mortgage company 3 0 0 3
Federally-sponsored secondary market
agency or pool
43 0 36 8
Conventional mortgage pool 0 0 0 0
Other federal agency 4 0 4 0
Real estate investment trust 0 0 0 0
Pension or retirement fund 0 0 0 0
Credit union 54 41 13 0
Finance company 184 180 4 0
State or municipal government or
housing finance agency
5 5 0 0
Individual or individual's estate 3 0 3 0
Other 16 12 4 0

First Mortgage Loan as a Percent of
Purchase Price

Properties acquired by
purchase with first mortgage
made or assumed at time of
purchase
116 0 97 19
Less than 40 percent 7 0 7 0
40 to 49 percent 0 0 0 0
50 to 59 percent 4 0 4 0
60 to 69 percent 37 0 23 14
70 to 79 percent 0 0 0 0
80 to 89 percent 18 0 12 5
90 to 94 percent 7 0 7 0
95 to 99 percent 4 0 4 0
100 percent or more 40 0 40 0
Not reported 0 0 0 0
Median 86 40- 91 66
Other properties 7 0 7 0
Not available 334 334 0 0

First Mortgage Loan as a Percent
of Value

Properties acquired by
purchase with first mortgage
made or assumed at time of
purchase
116 0 97 19
Less than 40 percent 4 0 4 0
40 to 49 percent 0 0 0 0
50 to 59 percent 3 0 0 3
60 to 69 percent 54 0 38 17
70 to 79 percent 8 0 8 0
80 to 89 percent 18 0 18 0
90 to 94 percent 4 0 4 0
95 to 99 percent 3 0 3 0
100 percent or more 22 0 22 0
Not reported 0 0 0 0
Median 69 40- 78 64
Other properties 7 0 7 0
Not available 334 334 0 0

First Mortgage Risk

Subprime loan
10 0 10 0
Not subprime loan 114 0 95 19
Not reported 334 334 0 0

Index Used to Adjust Interest Rate
on ARM

Properties with adjustable
rate first mortgage
19 0 0 19
Treasury security 8 0 0 8
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 11 0 0 11
Other properties 104 0 104 0
Not reported 334 334 0 0

Frequency With Which Rate Can Be
Adjusted

Properties with adjustable
rate first mortgage
19 0 0 19
Monthly 0 0 0 0
Every 3 months 0 0 0 0
Every 6 months 0 0 0 0
Yearly 8 0 0 8
Every 3 years 0 0 0 0
Every 5 years 0 0 0 0
Other 0 0 0 0
Not reported 11 0 0 11
Other properties 104 0 104 0
Not reported 334 334 0 0

Caps on Interest Rate Per Adjustment
Period

Properties with adjustable
rate first mortgage
19 0 0 19
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 5 0 0 5
No caps 3 0 0 3
Not reported 11 0 0 11
Other properties 104 0 104 0
Not reported 334 334 0 0

Caps on Interest Rate Over Life of ARM

Properties with adjustable
rate first mortgage
19 0 0 19
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 8 0 0 8
No caps 0 0 0 0
Not reported 11 0 0 11
Other properties 104 0 104 0
Not reported 334 334 0 0

Interest Rate Changed Since
Mortgage Made

Properties with adjustable
rate first mortgage
19 0 0 19
Yes, rate has changed 5 0 0 5
No change since mortgage made 3 0 0 3
Not reported 11 0 0 11
Other properties 104 0 104 0
Not reported 334 334 0 0

Percentage of Margin Over Index on ARM

Properties with adjustable rate
first mortgage
19 0 0 19
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 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 5 0 0 5
5 percent or more 0 0 0 0
Not reported 11 0 0 11
Median 4.3 0.0 0.0 4.3
Other properties 104 0 104 0
Not reported 334 334 0 0

ARM Convertible to Fixed Rate Mortgage

Properties with adjustable rate
first mortgage
19 0 0 19
Can be converted 0 0 0 0
Cannot be converted 8 0 0 8
Not reported 11 0 0 11
Other properties 104 0 104 0
Not reported 334 334 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
113 0 104 8
Not reported 345 334 0 11

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 113 0 104 8
Not reported 345 334 0 11

MORTGAGE PAYMENTS AND OTHER EXPENSES


Method of Payment of First Mortgage

Regular payments of interest
and/or principal
103 0 91 13
Interest and principal 103 0 91 13
Fully amortized 99 0 87 13
Not fully amortized 4 0 4 0
Interest only 0 0 0 0
No regular payments required 0 0 0 0
Not reported 355 334 14 7

Items Included in First Mortgage
Payment@1

Regular monthly payments of
both interest and principal
103 0 91 13
Real estate taxes 27 0 27 0
Property insurance 4 0 4 0
Mortgage insurance 10 0 10 0
Other 4 0 4 0
No items included or not reported 76 0 63 13
No regular payments of interest
and principal
355 334 14 7

Monthly Interest and Principal Payments
on First Mortgage

Regular monthly payments of
interest and/or principal
103 0 91 13
Less than $50 4 0 0 4
$50 to $99 3 0 3 0
$100 to $199 10 0 4 5
$200 to $299 30 0 27 3
$300 to $399 12 0 12 0
$400 to $499 8 0 8 0
$500 to $599 8 0 8 0
$600 to $699 4 0 4 0
$700 to $799 19 0 19 0
$800 to $899 0 0 0 0
$900 to $999 0 0 0 0
$1,000 or more 5 0 5 0
Median 338 50- 389 137
Mean 453 0 495 150
No regular payments required 0 0 0 0
Not reported 355 334 14 7

Current First Mortgage Payment Status

Regular monthly payments of
principal and/or interest
458 334 104 19
Up-to-date, ahead of schedule, or
less than 90 days past due
53 0 45 8
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 405 334 60 11
Other properties 0 0 0 0

Monthly Interest and Principal Payments
on Total Mortgages

Regular monthly payments of
interest and/or principal
425 301 104 19
Less than $50 4 0 0 4
$50 to $99 3 0 3 0
$100 to $199 54 45 0 9
$200 to $299 136 103 31 3
$300 to $399 86 65 21 0
$400 to $499 48 30 14 4
$500 to $599 34 26 8 0
$600 to $699 20 16 4 0
$700 to $799 24 5 19 0
$800 to $899 7 7 0 0
$900 to $999 5 5 0 0
$1,000 or more 5 0 5 0
Median 317 304 389 162
Mean 375 347 488 206
No regular monthly payments
required
33 33 0 0

Interest and Principal Payments on
Total Mortgages as Percent of Income

Regular monthly payments of
interest and/or principal
425 301 104 19
Less than 5 percent 20 17 3 0
5 to 9 percent 111 88 15 8
10 to 14 percent 128 97 27 3
15 to 19 percent 62 40 22 0
20 to 24 percent 18 13 5 0
25 to 29 percent 28 18 10 0
30 to 34 percent 17 0 13 4
35 to 39 percent 5 0 5 0
40 to 49 percent 0 0 0 0
50 percent or more 22 18 4 0
Not reported or not computed 14 10 0 4
Median 12.9 12.0 16.6 9.5
No regular monthly payments
required
33 33 0 0

Homeowner mobile homes with
installment loan
402 334 53 15

INSTALLMENT LOAN CHARACTERISTICS


Year Installment Loan Made

1999 to 2001(part)
171 151 13 6
1997 to 1998 94 81 10 4
1995 to 1996 65 49 16 0
1990 to 1994 46 36 4 5
1985 to 1989 27 17 10 0
1980 to 1984 0 0 0 0
1979 or earlier 0 0 0 0

Installment Loan Outstanding Debt

Less than $5,000
51 38 4 9
$5,000 to $9,999 50 45 4 0
$10,000 to $14,999 52 44 8 0
$15,000 to $19,999 47 47 0 0
$20,000 to $29,999 74 49 19 6
$30,000 to $39,999 41 35 6 0
$40,000 to $49,999 25 21 5 0
$50,000 to $59,999 35 35 0 0
$60,000 to $79,999 22 16 6 0
$80,000 to $99,999 0 0 0 0
$100,000 or more 5 5 0 0
Median 20215 19272 25083 5000-
Mean 25582 25826 28486 10240

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 3 3 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 4 4 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 255 204 39 12
8.0 percent 0 0 0 0
8.1 to 9.9 percent 33 29 4 0
10.0 percent 17 13 0 3
10.1 to 10.9 percent 21 15 6 0
11.0 percent 0 0 0 0
11.1 percent to 11.9 percent 14 10 4 0
12.0 percent or more 56 56 0 0
Median 402.2 334.3 52.6 15.3

Holder of Installment Loan

Commercial bank or trust company
59 47 12 0
Savings and loan association, federal
savings bank
50 42 8 0
Mutual savings bank 7 7 0 0
Credit union 49 41 5 3
Finance company 217 180 28 9
State or municipal government or
housing finance agency
5 5 0 0
Other 15 12 0 3

INSTALLMENT LOAN PAYMENTS AND OTHER
EXPENSES


Monthly Interest and Principal
Payments on Installment Loan

Regular monthly payments of
interest and
323 298 18 7
Less than $50 0 0 0 0
$50 to $99 0 0 0 0
$100 to $199 53 45 4 3
$200 to $299 103 100 4 0
$300 to $399 70 65 4 0
$400 to $499 40 30 6 4
$500 to $599 26 26 0 0
$600 to $699 16 16 0 0
$700 to $799 5 5 0 0
$800 to $899 7 7 0 0
$900 to $999 5 5 0 0
$1,000 or more 0 0 0 0
Median 308 306 330 400
Mean 346 348 337 307
No regular payments required 67 28 31 8

Other Monthly Payments on
Installment Loan

Other regular monthly payments
4 4 0 0
Less than $50 4 4 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 27 27 0 0
No other regular payments
required
399 331 53 15

Rental and vacant mobile homes
with traditional first mortgage or
installment loan
44 33 7 3

PROPERTY CHARACTERISTICS


Manner of Acquisition

By purchase
38 28 7 3
Placed one new mortgage 29 19 7 3
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 9 9 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 5 5 0 0

Source of Downpayment@1

Properties purchased
1995 to 2001 (part)
16 6 7 3
Sale of stock or other partnership
shares for this project
0 0 0 0
Sale of previously owned stocks,
shares, or other securities
0 0 0 0
Sale of land or other real estate 0 0 0 0
Owner's cash, bank deposits,
share accounts, or bonds
0 0 0 0
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 16 6 7 3
Not reported 0 0 0 0
Other properties 27 27 0 0
Not reported 0 0 0 0

Year Property Acquired

1999 to 2001 (part)
7 0 7 0
1997 and 1998 0 0 0 0
1995 and 1996 9 6 0 3
1990 to 1994 14 14 0 0
1985 to 1989 5 5 0 0
1980 to 1984 0 0 0 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
38 28 7 3
New 19 19 0 0
Previously owned 19 8 7 3
As residential property 19 8 7 3
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 5 5 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 11 11 0 0
1980 to 1989 0 0 0 0
1970 to 1979 33 22 7 3
1969 or earlier 0 0 0 0

Purchase Price

Properties acquired by
purchase 1997 to 2001 (part)
7 0 7 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 7 0 7 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 5000- 25000 5000-
Mean 21000 0 21000 0
Other properties 36 33 0 3

Value

Less than $5,000
3 0 0 3
$5,000 to $9,999 0 0 0 0
$10,000 to $14,999 14 14 0 0
$15,000 to $19,999 0 0 0 0
$20,000 to $29,999 7 0 7 0
$30,000 to $39,999 9 9 0 0
$40,000 to $49,999 0 0 0 0
$50,000 to $59,999 6 6 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 26812 33193 25000 5000-
Mean 30655 35511 21000 2500

Value of Capital Improvements

Properties with capital
improvements between 1998
and 2000
19 19 0 0
Less than $500 0 0 0 0
$500 to $999 0 0 0 0
$1,000 to $2,499 10 10 0 0
$2,500 to $4,999 9 9 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 2416 2416 500- 500-
Mean 3033 3033 0 0
Properties with no capital
improvements between 1998 and 2000
16 8 7 0
Capital improvements not
reported
8 5 0 3

Monthly Rental Receipts

Acquired before 2000
36 33 0 3
Less than $100 0 0 0 0
$100 to $199 9 9 0 0
$200 to $299 0 0 0 0
$300 to $399 3 0 0 3
$400 to $499 11 11 0 0
$500 to $599 0 0 0 0
$600 to $799 0 0 0 0
$800 to $999 0 0 0 0
$1000 or more 0 0 0 0
No rental receipts 13 13 0 0
Median 374 407 100- 350
Mean 193 179 0 345
Acquired 2000 and 2001 (part) 7 0 7 0

Rental Receipts as Percent of Value@8

Acquired before 2000
36 33 0 3
Less than 5 percent 0 0 0 0
5 to 9 percent 15 15 0 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 39 percent 0 0 0 0
40 percent or more 8 5 0 3
Median 8 8 5- 40+
Acquired 2000 and 2001 (part) 7 0 7 0

Rental Vacancy Losses as Percent of
Potential Receipts

Acquired before 2000
36 33 0 3
Less than 1.0 percent 6 6 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 9 9 0 0
Not reported or not computed 21 18 0 3
Median 31.6 31.6 0.0 0.0
Acquired 2000 and 2001 (part) 7 0 7 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
38 28 7 3
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 0 0 0 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 38 28 7 3
Not reported 5 5 0 0

Source of Property Benefits@1

With property benefits
0 0 0 0
Federal government 0 0 0 0
State government 0 0 0 0
Local government 0 0 0 0
Non-profit corporation 0 0 0 0
Not reported 0 0 0 0
With no property benefits 38 28 7 3
Not reported 5 5 0 0

Reason for Benefits@1

With property benefits
0 0 0 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 0 0 0 0
Not reported 0 0 0 0
With no property benefits 38 28 7 3
Not reported 5 5 0 0

OWNER CHARACTERISTICS


Type of Owner

Individual investor(s)
38 28 7 3
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 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 3 0 0 3
Through third party (such as real
estate agent or builder)
0 0 0 0
Some other way 0 0 0 0
Not reported 7 0 7 0
Not available 33 33 0 0

Origin of First Mortgage

Mortgage made at time property acquired
11 0 7 3
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 33 33 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 11 0 7 3
Not available 33 33 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
11 0 7 3
Not available 33 33 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
11 0 7 3
Not available 33 33 0 0

Year First Mortgage Made or
Assumed

1999 to 2001 (part)
11 0 7 3
1997 and 1998 0 0 0 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 33 33 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 0 0 0 0
Uninsured conventional first mortgage 11 0 7 3
Not reported 33 33 0 0

Traditional First Mortgage Loan

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 7 0 7 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 3 0 0 3
Not reported 33 33 0 0
Median 37134 5000- 35000 100000+
Mean 75074 0 34545 170000

Total Mortgage Loan

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 8 8 0 0
$20,000 to $29,999 15 15 0 0
$30,000 to $39,999 17 10 7 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 3 0 0 3
Not reported 0 0 0 0
Median 29050 25462 35000 100000+
Mean 36080 23615 34545 170000

Traditional First Mortgage 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 0 0 0 0
$30,000 to $39,999 7 0 7 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 3 0 0 3
Not reported 33 33 0 0
Median 37134 5000- 35000 100000+
Mean 58445 0 33513 116840

Current Interest Rate on First Mortgage

Less than 6.0 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 3 0 0 3
8.0 percent 0 0 0 0
8.1 to 8.4 percent 0 0 0 0
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 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 0 0 0 0
Not reported 33 33 0 0
Median 8.6 0.0 8.8 7.8

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
11 0 7 3
Not reported 33 33 0 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 11 0 7 3
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 0 0 0 0
More than 30 years 0 0 0 0
No stated term 33 33 0 0
Median 15 5- 15 15

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 3 0 0 3
15 to 19 years 7 0 7 0
20 to 24 years 0 0 0 0
25 to 29 years 0 0 0 0
30 or more years 0 0 0 0
No stated term or not computed 33 33 0 0
Median 16 5- 17 12

Holder of First Mortgage

Commercial bank or trust company
11 0 7 3
Savings and loan association, federal
savings bank
5 5 0 0
Mutual savings bank 0 0 0 0
Life insurance company 0 0 0 0
Mortgage banker or mortgage company 0 0 0 0
Federally-sponsored secondary market
agency or pool
0 0 0 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 14 14 0 0
Finance company 14 14 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
11 0 7 3
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 0 0 0 0
95 to 99 percent 0 0 0 0
100 percent or more 11 0 7 3
Not reported 0 0 0 0
Median 100+ 40- 100+ 100+
Other properties 0 0 0 0
Not available 33 33 0 0

First Mortgage Loan as a Percent
of Value

Properties acquired by
purchase with first mortgage
made or assumed at time of
purchase
11 0 7 3
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 7 0 7 0
70 to 79 percent 0 0 0 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 3 0 0 3
Not reported 0 0 0 0
Median 67 40- 65 100+
Other properties 0 0 0 0
Not available 33 33 0 0

First Mortgage Risk

Subprime loan
0 0 0 0
Not subprime loan 11 0 7 3
Not reported 33 33 0 0

Index Used to Adjust Interest Rate
on ARM

Properties with adjustable
rate first mortgage
3 0 0 3
Treasury security 3 0 0 3
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 7 0 7 0
Not reported 33 33 0 0

Frequency With Which Rate Can Be
Adjusted

Properties with adjustable
rate first mortgage
3 0 0 3
Monthly 0 0 0 0
Every 3 months 0 0 0 0
Every 6 months 0 0 0 0
Yearly 3 0 0 3
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 7 0 7 0
Not reported 33 33 0 0

Caps on Interest Rate Per Adjustment
Period

Properties with adjustable
rate first mortgage
3 0 0 3
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 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 7 0 7 0
Not reported 33 33 0 0

Caps on Interest Rate Over Life of ARM

Properties with adjustable
rate first mortgage
3 0 0 3
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 3 0 0 3
No caps 0 0 0 0
Not reported 0 0 0 0
Other properties 7 0 7 0
Not reported 33 33 0 0

Interest Rate Changed Since
Mortgage Made

Properties with adjustable
rate first mortgage
3 0 0 3
Yes, rate has changed 3 0 0 3
No change since mortgage made 0 0 0 0
Not reported 0 0 0 0
Other properties 7 0 7 0
Not reported 33 33 0 0

Percentage of Margin Over Index on ARM

Properties with adjustable rate
first mortgage
3 0 0 3
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 3 0 0 3
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 3.6 0.0 0.0 3.6
Other properties 7 0 7 0
Not reported 33 33 0 0

ARM Convertible to Fixed Rate Mortgage

Properties with adjustable rate
first mortgage
3 0 0 3
Can be converted 0 0 0 0
Cannot be converted 3 0 0 3
Not reported 0 0 0 0
Other properties 7 0 7 0
Not reported 33 33 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
11 0 7 3
Not reported 33 33 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 11 0 7 3
Not reported 33 33 0 0

MORTGAGE PAYMENTS AND OTHER EXPENSES


Method of Payment of First Mortgage

Regular payments of interest
and/or principal
11 0 7 3
Interest and principal 11 0 7 3
Fully amortized 11 0 7 3
Not fully amortized 0 0 0 0
Interest only 0 0 0 0
No regular payments required 0 0 0 0
Not reported 33 33 0 0

Items Included in First Mortgage
Payment@1

Regular monthly payments of
both interest and principal
11 0 7 3
Real estate taxes 0 0 0 0
Property insurance 0 0 0 0
Mortgage insurance 0 0 0 0
Other 0 0 0 0
No items included or not reported 11 0 7 3
No regular payments of interest
and principal
33 33 0 0

Monthly Interest and Principal Payments
on First Mortgage

Regular monthly payments of
interest and/or principal
11 0 7 3
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 7 0 7 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 3 0 0 3
Median 371 50- 350 1000+
Mean 742 0 335 1695
No regular payments required 0 0 0 0
Not reported 33 33 0 0

Current First Mortgage Payment Status

Regular monthly payments of
principal and/or interest
44 33 7 3
Up-to-date, ahead of schedule, or
less than 90 days past due
11 0 7 3
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 33 33 0 0
Other properties 0 0 0 0

Monthly Interest and Principal Payments
on Total Mortgages

Regular monthly payments of
interest and/or principal
44 33 7 3
Less than $50 0 0 0 0
$50 to $99 0 0 0 0
$100 to $199 5 5 0 0
$200 to $299 13 13 0 0
$300 to $399 22 15 7 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 3 0 0 3
Median 315 286 350 1000+
Mean 386 273 335 1695
No regular monthly payments
required
0 0 0 0

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

Acquired before 2000 and
regular payments of interest
and/or princi
3 0 0 3
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 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 99 percent 0 0 0 0
100 percent or more 3 0 0 3
Not reported or not computed 0 0 0 0
Median 99.5+ 19.5- 19.5- 99.5+
Other properties 40 33 7 0

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

Acquired before 2000 and regular
payments of interest and/or
principal
36 33 0 3
Less than 20 percent 0 0 0 0
20 to 29 percent 0 0 0 0
30 to 39 percent 5 5 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 6 6 0 0
90 to 99 percent 0 0 0 0
100 percent or more 12 9 0 3
Not reported or not computed 13 13 0 0
Median 99.5+ 88.6 19.5- 99.5+
Other properties 7 0 7 0

Real Estate Tax Per $1,000 Value

Acquired before 2000
36 33 0 3
Less than $5 5 5 0 0
$5 to $9 9 9 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 0 0 0 0
$60 or more 12 8 0 3
Not reported or not computed 11 11 0 0
Median 9 8 5- 60+
Acquired 2000 and 2001 (part) 7 0 7 0

Real Estate Tax as Percent of Rental
Receipts

Acquired before 2000
36 33 0 3
Less than 5 percent 0 0 0 0
5 to 9 percent 0 0 0 0
10 to 14 percent 0 0 0 0
15 to 19 percent 9 9 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 3 0 0 3
Not reported or not computed 24 24 0 0
Median 18 17 5- 40+
Acquired 2000 and 2001 (part) 7 0 7 0

Rental and vacant mobile homes
with installment loan
33 33 0 0

INSTALLMENT LOAN CHARACTERISTICS


Year Installment Loan Made

1999 to 2001(part)
15 15 0 0
1997 to 1998 0 0 0 0
1995 to 1996 0 0 0 0
1990 to 1994 14 14 0 0
1985 to 1989 5 5 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 8 8 0 0
$20,000 to $29,999 15 15 0 0
$30,000 to $39,999 10 10 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 25462 25462 5000- 5000-
Mean 23615 23615 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 18 18 0 0
8.0 percent 0 0 0 0
8.1 to 9.9 percent 9 9 0 0
10.0 percent 0 0 0 0
10.1 to 10.9 percent 6 6 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 33.0 33.0 0.0 0.0

Holder of Installment Loan

Commercial bank or trust company
0 0 0 0
Savings and loan association, federal
savings bank
5 5 0 0
Mutual savings bank 0 0 0 0
Credit union 14 14 0 0
Finance company 14 14 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/
33 33 0 0
Less than $50 0 0 0 0
$50 to $99 0 0 0 0
$100 to $199 5 5 0 0
$200 to $299 13 13 0 0
$300 to $399 15 15 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 286 286 50- 50-
Mean 273 273 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
33 33 0 0

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