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Residential Finance Survey: 2001 - South
Table 9-2d. 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
1477 943 439 96

PROPERTY CHARACTERISTICS


Manner of Acquisition

By purchase
1243 816 360 67
Placed one new mortgage 562 260 244 58
Placed two or more new mortgages 27 18 9 0
Assumed mortgage(s) already on property 38 21 17 0
Assumed mortgage(s) already on property
and placed new mortgage
7 7 0 0
Borrowed using assets other than this
property as collateral
6 6 0 0
Paid all cash-no borrowing 63 33 26 3
Other manner 541 470 65 6
By inheritance or gift 123 85 27 11
By divorce 0 0 0 0
By some other manner 87 28 40 18
Not reported 24 13 11 0

Source of Downpayment@1

Properties purchased
1995 to 2001 (part)
854 583 222 49
Sale of previous home 118 75 38 5
Sale of other real property or other
investments
30 16 14 0
Savings 407 279 96 32
Borrowing from a retirement plan 10 10 0 0
Borrowing using assets other than this
property as collateral
27 23 4 0
Proceeds from an insurance policy 13 8 5 0
Payments in a lease-purchase agreement 18 14 4 0
From a state or local government source 0 0 0 0
From a non-profit organization 4 0 4 0
From parents or relatives 56 40 16 0
Other 13 5 8 0
No downpayment required 160 126 22 12
Not reported 32 17 15 0
Other properties 605 346 212 47
Not reported 19 13 6 0

Year Property Acquired

1999 to 2001 (part)
454 315 119 21
1997 and 1998 300 194 68 38
1995 and 1996 259 153 93 13
1990 to 1994 249 161 78 10
1985 to 1989 117 62 51 5
1980 to 1984 54 29 24 0
1975 to 1979 27 15 7 6
1970 to 1974 8 8 0 0
1969 or earlier 10 6 0 3

Property New or Previously Occupied When
Acquired

Acquired by purchase
1243 816 360 67
New 747 471 245 31
Previously occupied by someone else 488 340 112 36
Converted from non-residential use 6 6 0 0
Other 0 0 0 0
Not reported 3 0 3 0
Other properties 210 114 68 29
Not reported 24 13 11 0

Year Structure Built

1999 to March 2000
181 128 47 7
1997 and 1998 214 118 64 33
1995 and 1996 260 179 68 13
1990 to 1994 311 208 83 20
1980 to 1989 393 243 146 4
1970 to 1979 97 55 25 16
1969 or earlier 22 12 7 3

Purchase Price

Properties acquired by
purchase 1997 to 2001 (part)
664 462 156 46
Less than $5,000 14 14 0 0
$5,000 to $9,999 29 22 4 3
$10,000 to $14,999 51 47 4 0
$15,000 to $19,999 66 39 22 6
$20,000 to $29,999 115 87 17 10
$30,000 to $39,999 95 75 14 6
$40,000 to $49,999 85 75 4 6
$50,000 to $59,999 58 40 13 5
$60,000 to $79,999 78 41 37 0
$80,000 to $99,999 46 14 28 5
$100,000 or more 26 8 13 5
Median 35902 33035 59533 35251
Mean 41776 37165 54890 43683
Other properties 814 481 283 50

Value

Less than $5,000
30 27 3 0
$5,000 to $9,999 121 80 40 0
$10,000 to $14,999 94 73 16 5
$15,000 to $19,999 125 88 20 16
$20,000 to $29,999 278 192 65 22
$30,000 to $39,999 180 123 45 12
$40,000 to $49,999 179 106 55 18
$50,000 to $59,999 152 98 49 6
$60,000 to $79,999 188 116 68 5
$80,000 to $99,999 86 27 55 5
$100,000 or more 43 13 23 8
Median 35030 30892 45347 34094
Mean 38794 34497 47476 41319

Value of Capital Improvements

Properties with capital
improvements between 1998
and 2000
568 333 195 40
Less than $500 55 38 12 5
$500 to $999 41 23 12 6
$1,000 to $2,499 162 90 59 13
$2,500 to $4,999 126 79 43 4
$5,000 to $7,499 94 52 40 3
$7,500 to $9,999 24 17 7 0
$10,000 to $14,999 33 24 6 3
$15,000 to $19,999 17 6 11 0
$20,000 to $29,999 6 0 6 0
$30,000 or more 9 4 0 6
Median 3017 2970 3379 2065
Mean 4405 3904 4663 7345
Properties with no capital
improvements between 1998 and 2000
756 506 197 53
Capital improvements not
reported
154 104 47 3

Age Restrictions

Mobile home restricted to people
age 55 or older
93 55 29 10
Mobile home not restricted to people
age 55 or older
1334 853 395 86
Not reported 51 35 16 0

Type of Property Benefits@1

Government-sponsored below-market
interest rate mortgage loan
4 4 0 0
Other government grant or subsidy 4 4 0 0
Property tax relief 54 38 0 16
Subsidy from a non-profit corporation 4 4 0 0
None of the above benefits 1150 733 351 66
Not reported 274 171 88 15

Source of Property Benefits@1

With property benefits
54 38 0 16
Federal government 6 0 0 6
State government 31 27 0 4
Local government 7 7 0 0
Non-profit corporation 4 4 0 0
Not reported 6 0 0 6
With no property benefits 1150 733 351 66
Not reported 274 171 88 15

Reason for Benefits@1

With property benefits
54 38 0 16
Occupied by low- or moderate-income
individuals
0 0 0 0
Occupied by elderly or disabled
individuals
15 9 0 6
A historic structure 0 0 0 0
Located in a community development or
economic development area
0 0 0 0
Covered by a Homestead Exemption 44 28 0 16
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 1150 733 351 66
Not reported 274 171 88 15

OWNER CHARACTERISTICS


Owner Status

1 owner
586 393 149 44
2 owners 877 535 290 52
3 or more owners 14 14 0 0

Age of Owner

Under 25
39 39 0 0
25 to 34 290 196 77 17
35 to 44 431 249 164 19
45 to 54 301 213 78 9
55 to 64 184 94 65 25
65 to 74 133 88 32 13
75 and over 29 18 8 3
Not reported 72 46 15 10
Median 43 43 43 52

Race of Owner

White alone
1224 762 384 78
Black or African American alone 212 149 44 18
American Indian or Alaska Native alone 25 20 6 0
Asian alone 5 5 0 0
Native Hawaiian or Other Pacific
Islander alone
4 4 0 0
Two or more races 8 3 5 0

Sex of Owner

Male/Male and female co-owners
1117 705 354 58
Female 361 238 85 38

Hispanic/Latino Origin

Hispanic/Latino owner(s) only
95 79 7 9
No Hispanic/Latino owner(s) 1382 864 431 87

Veteran Status@1

Veteran
253 162 71 20
Active member of Reserves or National
Guard for at least 6 years
32 18 11 3
Persian Gulf War or after
(August 1990 to present)
41 30 11 0
Vietnam or after
(August 1964 to July 1990)
167 104 50 12
Korean conflict or after
(July 1950 to July 1964)
37 26 4 8
World War II or after
(September 1940 to June 1950)
12 8 4 0
Nonveteran 1155 731 353 70
Not reported 69 49 14 6

Income

Less than $5,000
177 125 52 0
$5,000 to $9,999 78 57 11 10
$10,000 to $14,999 106 67 27 12
$15,000 to $19,999 116 67 30 19
$20,000 to $24,999 128 77 46 5
$25,000 to $29,999 81 59 19 3
$30,000 to $34,999 196 137 48 10
$35,000 to $39,999 112 53 47 12
$40,000 to $49,999 204 122 77 6
$50,000 to $59,999 133 92 36 5
$60,000 to $79,999 96 67 21 7
$80,000 to $99,999 40 19 18 3
$100,000 to $119,999 2 0 2 0
$120,000 or more 7 0 4 3
Median 31321 30683 33615 27116
Mean 31397 29501 35097 33106

Owned Home Previously

Previously owned home
720 409 250 61
Never owned home before 684 483 173 29
Not reported 73 51 16 6

MORTGAGE CHARACTERISTICS


Method of Loan Application

By computer over the Internet or
by e-mail
0 0 0 0
By telephone or FAX 10 0 10 0
By regular mail 0 0 0 0
By personal visit 175 0 150 26
Through third party (such as real
estate agent or builder)
58 0 38 20
Some other way 10 0 10 0
Not reported 262 0 218 44
Not available 962 943 13 6

Origin of First Mortgage

Mortgage made at time property acquired
452 0 366 86
Mortgage assumed at the time property
acquired
17 0 17 0
Mortgage placed later than acquisition of
property
60 0 56 4
Refinanced mortgage 42 0 38 4
Same lender 4 0 0 4
Different lender 38 0 38 0
Mortgage placed on property
owned free and clear of debt
18 0 18 0
Not available 949 943 0 6

Purpose of First Mortgage Placed
Later Than Acquisition of Property

Properties on which
mortgages placed later
than acquisition of property
60 0 56 4
Obtain lower interest rate 25 0 21 4
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
26 0 26 0
Other reason 10 0 10 0
Not reported 0 0 0 0
Other properties 469 0 383 86
Not available 949 943 0 6

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

Properties on which cash
received
42 0 39 4
Less than $5,000 6 0 6 0
$5,000 to $9,999 6 0 6 0
$10,000 to $14,999 6 0 6 0
$15,000 to $19,999 4 0 0 4
$20,000 to $29,999 3 0 3 0
$30,000 to $39,999 4 0 4 0
$40,000 to $49,999 0 0 0 0
$50,000 to $59,999 0 0 0 0
$60,000 to $79,999 14 0 14 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 19404 5000- 24791 17500
Mean 31851 0 33320 17150
Properties that refinanced
and did not receive cash back
17 0 17 0
Properties that refinanced
and did not report if received
cash back
0 0 0 0
Properties that did not
refinance
469 0 383 86
Not available 949 943 0 6

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

Properties on which cash
received@1
42 0 39 4
For additions, improvements or repairs
to this property
11 0 11 0
To consolidate debts 39 0 35 4
For investment in other real estate 0 0 0 0
For other types of investments 3 0 3 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
3 0 3 0
Other 0 0 0 0
Not reported 0 0 0 0
Properties that refinanced
and did not receive cash back
17 0 17 0
Properties that refinanced
and did not report if received
cash back
0 0 0 0
Properties that did not
refinance
469 0 383 86
Not available 949 943 0 6

Year First Mortgage Made or
Assumed

1999 to 2001 (part)
233 0 212 21
1997 and 1998 124 0 82 42
1995 and 1996 68 0 59 9
1990 to 1994 61 0 46 15
1985 to 1989 19 0 19 0
1980 to 1984 18 0 18 0
1979 or earlier 955 943 3 9

First Mortgage Insurance Status

FHA-insured first mortgage
24 0 21 3
VA-guaranteed first mortgage 4 0 4 0
Rural Housing Service-Rural Development-
insured or -guaranteed first mortgage
14 0 14 0
Other federal, state, or local
government-insured or guaranteed
first mortgage
48 0 48 0
Insured conventional first mortgage 70 0 70 0
Uninsured conventional first mortgage 368 0 282 87
Not reported 949 943 0 6

Traditional First Mortgage Loan

Less than $5,000
29 0 26 3
$5,000 to $9,999 11 0 8 3
$10,000 to $14,999 29 0 29 0
$15,000 to $19,999 66 0 44 23
$20,000 to $29,999 85 0 62 23
$30,000 to $39,999 63 0 53 10
$40,000 to $49,999 47 0 34 13
$50,000 to $59,999 64 0 58 6
$60,000 to $79,999 75 0 70 5
$80,000 to $99,999 24 0 19 5
$100,000 or more 3 0 3 0
Not reported 983 943 34 6
Median 34386 5000- 36554 26773
Mean 39857 0 41253 33548

Total Mortgage Loan

Less than $5,000
42 34 5 3
$5,000 to $9,999 90 77 10 3
$10,000 to $14,999 94 73 18 3
$15,000 to $19,999 161 123 28 10
$20,000 to $29,999 296 199 67 30
$30,000 to $39,999 188 145 35 8
$40,000 to $49,999 205 152 38 15
$50,000 to $59,999 133 84 43 6
$60,000 to $79,999 131 40 91 0
$80,000 to $99,999 66 7 46 13
$100,000 or more 55 8 43 5
Not reported 17 0 17 0
Median 32539 28247 52593 29488
Mean 38958 30631 56738 42647

Traditional First Mortgage Outstanding
Debt

Less than $5,000
40 0 37 3
$5,000 to $9,999 32 0 25 7
$10,000 to $14,999 48 0 30 18
$15,000 to $19,999 47 0 42 6
$20,000 to $29,999 68 0 45 23
$30,000 to $39,999 55 0 47 9
$40,000 to $49,999 52 0 43 9
$50,000 to $59,999 62 0 52 10
$60,000 to $79,999 69 0 69 0
$80,000 to $99,999 18 0 13 5
$100,000 or more 3 0 3 0
Not reported 983 943 34 6
Median 32182 5000- 35167 24762
Mean 36755 0 38310 29727

Total Mortgage Outstanding Debt

Less than $5,000
42 34 5 3
$5,000 to $9,999 102 77 17 7
$10,000 to $14,999 118 73 31 14
$15,000 to $19,999 152 123 29 0
$20,000 to $29,999 281 199 52 30
$30,000 to $39,999 191 145 39 7
$40,000 to $49,999 203 152 40 11
$50,000 to $59,999 141 84 51 6
$60,000 to $79,999 113 40 73 0
$80,000 to $99,999 66 7 46 13
$100,000 or more 52 8 39 5
Not reported 17 0 17 0
Median 31876 28247 49595 27940
Mean 37454 30631 51759 39072

Current Interest Rate on First Mortgage

Less than 6.0 percent
175 0 134 41
6.0 percent 5 0 0 5
6.1 to 6.4 percent 0 0 0 0
6.5 to 6.9 percent 28 0 28 0
7.0 percent 41 0 26 15
7.1 to 7.4 percent 4 0 4 0
7.5 to 7.9 percent 30 0 26 4
8.0 percent 13 0 9 4
8.1 to 8.4 percent 14 0 14 0
8.5 to 8.9 percent 5 0 5 0
9.0 percent 6 0 6 0
9.1 to 9.4 percent 0 0 0 0
9.5 to 9.9 percent 19 0 14 5
10.0 percent 14 0 14 0
10.1 to 10.4 percent 6 0 6 0
10.5 to 10.9 percent 12 0 12 0
11.0 percent 9 0 4 6
11.1 to 12.9 percent 28 0 28 0
13.0 percent 0 0 0 0
13.1 percent or more 119 0 109 10
Not reported 949 943 0 6
Median 7.7 0.0 8.0 6.1

Type of Interest Rate Buydown

Properties with interest rate
buydown
23 0 23 0
Constant payment 19 0 19 0
3-2-1 buydown 0 0 0 0
Other 0 0 0 0
Not reported 4 0 4 0
Properties without interest
rate buydown
177 0 154 23
Not reported 1277 943 262 73

Term of First Mortgage

Less than 5 years
0 0 0 0
5 years 12 0 12 0
6 to 9 years 16 0 11 5
10 years 34 0 34 0
11 to 14 years 0 0 0 0
15 years 48 0 35 13
16 to 19 years 0 0 0 0
20 years 4 0 4 0
21 to 24 years 0 0 0 0
25 years 20 0 20 0
26 to 29 years 0 0 0 0
30 years 69 0 63 6
More than 30 years 0 0 0 0
No stated term 1276 943 261 73
Median 15 5- 15 15

Unexpired Term of First Mortgage

Less than 5 years
21 0 21 0
5 to 9 years 59 0 45 14
10 to 14 years 27 0 23 4
15 to 19 years 9 0 9 0
20 to 24 years 21 0 21 0
25 to 29 years 57 0 52 6
30 or more years 7 0 7 0
No stated term or not computed 1276 943 261 73
Median 13 5- 15 9

Holder of First Mortgage

Commercial bank or trust company
344 240 91 13
Savings and loan association, federal
savings bank
190 129 56 5
Mutual savings bank 47 42 0 6
Life insurance company 9 0 9 0
Mortgage banker or mortgage company 34 0 34 0
Federally-sponsored secondary market
agency or pool
196 0 153 43
Conventional mortgage pool 19 0 13 6
Other federal agency 0 0 0 0
Real estate investment trust 0 0 0 0
Pension or retirement fund 4 0 4 0
Credit union 81 58 16 7
Finance company 468 428 33 6
State or municipal government or
housing finance agency
28 9 12 6
Individual or individual's estate 13 0 9 4
Other 46 37 9 0

First Mortgage Loan as a Percent of
Purchase Price

Properties acquired by
purchase with first mortgage
made or assumed at time of
purchase
377 0 316 61
Less than 40 percent 8 0 8 0
40 to 49 percent 0 0 0 0
50 to 59 percent 3 0 3 0
60 to 69 percent 91 0 66 25
70 to 79 percent 12 0 12 0
80 to 89 percent 26 0 26 0
90 to 94 percent 25 0 25 0
95 to 99 percent 22 0 22 0
100 percent or more 158 0 122 36
Not reported 32 0 32 0
Median 96 40- 95 100+
Other properties 152 0 123 29
Not available 949 943 0 6

First Mortgage Loan as a Percent
of Value

Properties acquired by
purchase with first mortgage
made or assumed at time of
purchase
377 0 316 61
Less than 40 percent 5 0 5 0
40 to 49 percent 3 0 3 0
50 to 59 percent 15 0 15 0
60 to 69 percent 123 0 94 29
70 to 79 percent 24 0 24 0
80 to 89 percent 44 0 33 10
90 to 94 percent 29 0 29 0
95 to 99 percent 21 0 21 0
100 percent or more 81 0 60 21
Not reported 32 0 32 0
Median 80 40- 80 81
Other properties 152 0 123 29
Not available 949 943 0 6

First Mortgage Risk

Subprime loan
45 0 39 6
Not subprime loan 483 0 399 84
Not reported 949 943 0 6

Index Used to Adjust Interest Rate
on ARM

Properties with adjustable
rate first mortgage
90 0 0 90
Treasury security 13 0 0 13
Average cost of funds in bank district 0 0 0 0
National average cost of funds 0 0 0 0
OTS contract mortgage rate 0 0 0 0
Other method 6 0 0 6
No index used 0 0 0 0
Not reported 71 0 0 71
Other properties 439 0 439 0
Not reported 949 943 0 6

Frequency With Which Rate Can Be
Adjusted

Properties with adjustable
rate first mortgage
90 0 0 90
Monthly 4 0 0 4
Every 3 months 0 0 0 0
Every 6 months 6 0 0 6
Yearly 13 0 0 13
Every 3 years 0 0 0 0
Every 5 years 0 0 0 0
Other 0 0 0 0
Not reported 67 0 0 67
Other properties 439 0 439 0
Not reported 949 943 0 6

Caps on Interest Rate Per Adjustment
Period

Properties with adjustable
rate first mortgage
90 0 0 90
Less than 1 percent 0 0 0 0
1 percent 0 0 0 0
1.1 to 1.9 percent 0 0 0 0
2 percent 9 0 0 9
2.1 to 2.9 percent 0 0 0 0
3 percent 0 0 0 0
3.1 to 3.9 percent 0 0 0 0
4.0 percent or more 10 0 0 10
No caps 0 0 0 0
Not reported 71 0 0 71
Other properties 439 0 439 0
Not reported 949 943 0 6

Caps on Interest Rate Over Life of ARM

Properties with adjustable
rate first mortgage
90 0 0 90
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 19 0 0 19
No caps 0 0 0 0
Not reported 71 0 0 71
Other properties 439 0 439 0
Not reported 949 943 0 6

Interest Rate Changed Since
Mortgage Made

Properties with adjustable
rate first mortgage
90 0 0 90
Yes, rate has changed 5 0 0 5
No change since mortgage made 19 0 0 19
Not reported 67 0 0 67
Other properties 439 0 439 0
Not reported 949 943 0 6

Percentage of Margin Over Index on ARM

Properties with adjustable rate
first mortgage
90 0 0 90
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 5 0 0 5
3 percent 0 0 0 0
3.1 to 3.9 percent 0 0 0 0
4 percent 0 0 0 0
4.1 to 4.9 percent 4 0 0 4
5 percent or more 10 0 0 10
Not reported 71 0 0 71
Median 842.8 0.0 0.0 842.8
Other properties 439 0 439 0
Not reported 949 943 0 6

ARM Convertible to Fixed Rate Mortgage

Properties with adjustable rate
first mortgage
90 0 0 90
Can be converted 0 0 0 0
Cannot be converted 23 0 0 23
Not reported 67 0 0 67
Other properties 439 0 439 0
Not reported 949 943 0 6

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

Monthly payments can change
(other than change in interest
ra
5 0 0 5
Payments can change monthly 0 0 0 0
Payments can change every three months 0 0 0 0
Payments can change every six months 0 0 0 0
Payments can change yearly 5 0 0 5
Payments can change every 3 years 0 0 0 0
Payments can change every 5 years 0 0 0 0
Other 0 0 0 0
Not reported 0 0 0 0
Monthly payments cannot
change
457 0 439 18
Not reported 1015 943 0 73

First Mortgage Allows for Negative
Amortization

Monthly payments can change
(other than change in interest
rate)
5 0 0 5
Yes, unrestricted negative amortization 0 0 0 0
Yes, restricted negative amortization 0 0 0 0
No negative amortization allowed 5 0 0 5
Not reported 0 0 0 0
Monthly payments cannot change 457 0 439 18
Not reported 1015 943 0 73

MORTGAGE PAYMENTS AND OTHER EXPENSES


Method of Payment of First Mortgage

Regular payments of interest
and/or principal
413 0 353 61
Interest and principal 413 0 353 61
Fully amortized 350 0 290 61
Not fully amortized 63 0 63 0
Interest only 0 0 0 0
No regular payments required 0 0 0 0
Not reported 1064 943 86 35

Items Included in First Mortgage
Payment@1

Regular monthly payments of
both interest and principal
413 0 353 61
Real estate taxes 67 0 63 5
Property insurance 10 0 6 5
Mortgage insurance 35 0 35 0
Other 30 0 25 5
No items included or not reported 337 0 281 56
No regular payments of interest
and principal
1064 943 86 35

Monthly Interest and Principal Payments
on First Mortgage

Regular monthly payments of
interest and/or principal
413 0 353 61
Less than $50 0 0 0 0
$50 to $99 15 0 15 0
$100 to $199 23 0 18 6
$200 to $299 87 0 72 15
$300 to $399 78 0 73 6
$400 to $499 100 0 73 26
$500 to $599 56 0 56 0
$600 to $699 33 0 25 8
$700 to $799 15 0 15 0
$800 to $899 2 0 2 0
$900 to $999 0 0 0 0
$1,000 or more 3 0 3 0
Median 403 50- 398 414
Mean 410 0 416 375
No regular payments required 0 0 0 0
Not reported 1064 943 86 35

Current First Mortgage Payment Status

Regular monthly payments of
principal and/or interest
1477 943 439 96
Up-to-date, ahead of schedule, or
less than 90 days past due
195 0 172 23
Delinquent by 90 days or more 6 0 6 0
Legal proceedings have begun 6 0 6 0
Legal proceedings have not begun 0 0 0 0
Not reported 0 0 0 0
Not reported 1277 943 261 73
Other properties 0 0 0 0

Monthly Interest and Principal Payments
on Total Mortgages

Regular monthly payments of
interest and/or principal
1305 805 413 86
Less than $50 0 0 0 0
$50 to $99 15 0 15 0
$100 to $199 107 85 12 10
$200 to $299 337 228 88 21
$300 to $399 335 256 73 6
$400 to $499 204 107 66 32
$500 to $599 128 48 71 10
$600 to $699 88 42 42 5
$700 to $799 48 22 25 0
$800 to $899 16 9 7 0
$900 to $999 4 4 0 0
$1,000 or more 23 5 15 3
Median 357 335 428 419
Mean 393 362 453 404
No regular monthly payments
required
173 138 25 10

Interest and Principal Payments on
Total Mortgages as Percent of Income

Regular monthly payments of
interest and/or principal
1305 805 413 86
Less than 5 percent 14 3 7 3
5 to 9 percent 317 219 88 11
10 to 14 percent 305 191 100 14
15 to 19 percent 177 103 51 23
20 to 24 percent 96 65 28 3
25 to 29 percent 100 54 30 16
30 to 34 percent 53 17 26 10
35 to 39 percent 16 10 6 0
40 to 49 percent 38 24 14 0
50 percent or more 51 19 25 6
Not reported or not computed 138 100 38 0
Median 14.1 13.4 14.6 18.3
No regular monthly payments
required
173 138 25 10

Homeowner mobile homes with
installment loan
1210 943 229 38

INSTALLMENT LOAN CHARACTERISTICS


Year Installment Loan Made

1999 to 2001(part)
423 369 44 10
1997 to 1998 277 202 50 25
1995 to 1996 254 186 65 3
1990 to 1994 177 130 47 0
1985 to 1989 79 55 23 0
1980 to 1984 0 0 0 0
1979 or earlier 0 0 0 0

Installment Loan Outstanding Debt

Less than $5,000
47 34 4 9
$5,000 to $9,999 103 77 26 0
$10,000 to $14,999 92 73 11 7
$15,000 to $19,999 152 123 29 0
$20,000 to $29,999 274 199 75 0
$30,000 to $39,999 183 145 29 9
$40,000 to $49,999 181 152 21 8
$50,000 to $59,999 112 84 23 5
$60,000 to $79,999 51 40 11 0
$80,000 to $99,999 7 7 0 0
$100,000 or more 8 8 0 0
Median 27710 28247 25910 33112
Mean 30278 30631 29110 28563

Current Interest Rate on
Installment Loan

Less than 4.0 percent
0 0 0 0
4.0 percent 0 0 0 0
4.1 to 4.4 percent 0 0 0 0
4.5 to 4.9 percent 5 5 0 0
5.0 percent 0 0 0 0
5.1 to 5.4 percent 0 0 0 0
5.5 to 5.9 percent 5 5 0 0
6.0 percent 0 0 0 0
6.1 to 6.4 percent 0 0 0 0
6.5 to 6.9 percent 10 0 10 0
7.0 percent 0 0 0 0
7.1 to 7.4 percent 15 15 0 0
7.5 to 7.9 percent 811 596 197 17
8.0 percent 6 6 0 0
8.1 to 9.9 percent 73 65 3 5
10.0 percent 44 44 0 0
10.1 to 10.9 percent 52 32 10 10
11.0 percent 28 26 0 3
11.1 percent to 11.9 percent 35 32 3 0
12.0 percent or more 126 117 6 3
Median 1209.8 942.8 229.2 37.8

Holder of Installment Loan

Commercial bank or trust company
285 240 34 11
Savings and loan association, federal
savings bank
181 129 44 8
Mutual savings bank 57 42 15 0
Credit union 84 58 26 0
Finance company 544 428 97 18
State or municipal government or
housing finance agency
13 9 4 0
Other 45 37 9 0

INSTALLMENT LOAN PAYMENTS AND OTHER
EXPENSES


Monthly Interest and Principal
Payments on Installment Loan

Regular monthly payments of
interest and
935 800 100 34
Less than $50 0 0 0 0
$50 to $99 0 0 0 0
$100 to $199 95 85 0 10
$200 to $299 275 228 41 6
$300 to $399 288 251 31 6
$400 to $499 118 107 12 0
$500 to $599 70 48 13 10
$600 to $699 48 42 4 3
$700 to $799 22 22 0 0
$800 to $899 9 9 0 0
$900 to $999 4 4 0 0
$1,000 or more 5 5 0 0
Median 333 334 329 320
Mean 360 362 349 352
No regular payments required 214 68 138 8

Other Monthly Payments on
Installment Loan

Other regular monthly payments
13 13 0 0
Less than $50 8 8 0 0
$50 to $99 5 5 0 0
$100 to $199 0 0 0 0
$200 to $299 0 0 0 0
$300 to $399 0 0 0 0
$400 to $499 0 0 0 0
$500 to $599 0 0 0 0
$600 to $699 0 0 0 0
$700 to $799 0 0 0 0
$800 to $899 0 0 0 0
$900 to $999 0 0 0 0
$1,000 or more 0 0 0 0
Median 50- 50- 50- 50-
Mean 63 63 0 0
No other regular payments
required
1192 925 229 38

Rental and vacant mobile homes
with traditional first mortgage or
installment loan
183 99 64 19

PROPERTY CHARACTERISTICS


Manner of Acquisition

By purchase
136 81 50 6
Placed one new mortgage 107 58 43 6
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 29 23 6 0
By inheritance or gift 12 12 0 0
By divorce 0 0 0 0
By tax free exchange of
other property
0 0 0 0
By foreclosure or assignment 0 0 0 0
By some other manner 13 0 7 6
Not reported 21 6 8 7

Source of Downpayment@1

Properties purchased
1995 to 2001 (part)
93 63 25 6
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 5 0 5 0
Owner's cash, bank deposits,
share accounts, or bonds
60 57 3 0
Borrowing from a retirement plan 0 0 0 0
Borrowing using assets other than this
property as collateral
6 6 0 0
Proceeds from an insurance policy 0 0 0 0
From a state or local government source 0 0 0 0
From a non-profit organization 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 22 0 17 6
Not reported 0 0 0 0
Other properties 83 30 40 13
Not reported 6 6 0 0

Year Property Acquired

1999 to 2001 (part)
60 43 11 6
1997 and 1998 17 6 11 0
1995 and 1996 28 20 3 6
1990 to 1994 42 23 19 0
1985 to 1989 20 7 6 7
1980 to 1984 15 0 15 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
136 81 50 6
New 42 28 14 0
Previously owned 94 52 36 6
As residential property 94 52 36 6
Converted from nonresidential use 0 0 0 0
Other 0 0 0 0
Not reported 0 0 0 0
Other properties 25 12 7 6
Not reported 21 6 8 7

Year Structure Built

1999 to March 2000
18 18 0 0
1997 and 1998 5 0 5 0
1995 and 1996 26 23 3 0
1990 to 1994 33 12 21 0
1980 to 1989 35 16 6 13
1970 to 1979 43 12 25 6
1969 or earlier 23 18 5 0

Purchase Price

Properties acquired by
purchase 1997 to 2001 (part)
77 49 22 6
Less than $5,000 5 5 0 0
$5,000 to $9,999 11 0 11 0
$10,000 to $14,999 7 7 0 0
$15,000 to $19,999 17 6 6 6
$20,000 to $29,999 0 0 0 0
$30,000 to $39,999 6 6 0 0
$40,000 to $49,999 6 6 0 0
$50,000 to $59,999 0 0 0 0
$60,000 to $79,999 12 12 0 0
$80,000 to $99,999 5 0 5 0
$100,000 or more 8 8 0 0
Median 19628 42611 9899 17500
Mean 39162 46597 28558 15000
Other properties 106 50 43 13

Value

Less than $5,000
36 23 13 0
$5,000 to $9,999 19 19 0 0
$10,000 to $14,999 25 8 11 6
$15,000 to $19,999 12 0 12 0
$20,000 to $29,999 35 25 11 0
$30,000 to $39,999 0 0 0 0
$40,000 to $49,999 17 6 11 0
$50,000 to $59,999 18 12 0 6
$60,000 to $79,999 20 6 7 7
$80,000 to $99,999 0 0 0 0
$100,000 or more 0 0 0 0
Median 19658 14373 18482 56246
Mean 25460 21363 24786 49189

Value of Capital Improvements

Properties with capital
improvements between 1998
and 2000
81 26 43 13
Less than $500 4 0 4 0
$500 to $999 6 0 6 0
$1,000 to $2,499 50 26 18 6
$2,500 to $4,999 8 0 8 0
$5,000 to $7,499 0 0 0 0
$7,500 to $9,999 0 0 0 0
$10,000 to $14,999 7 0 0 7
$15,000 to $19,999 6 0 6 0
$20,000 to $29,999 0 0 0 0
$30,000 or more 0 0 0 0
Median 1910 1750 1895 10353
Mean 3793 1498 3715 8457
Properties with no capital
improvements between 1998 and 2000
76 55 16 6
Capital improvements not
reported
25 19 6 0

Monthly Rental Receipts

Acquired before 2000
147 80 54 13
Less than $100 5 5 0 0
$100 to $199 10 7 3 0
$200 to $299 4 0 4 0
$300 to $399 6 0 6 0
$400 to $499 3 0 3 0
$500 to $599 24 12 12 0
$600 to $799 6 6 0 0
$800 to $999 14 6 8 0
$1000 or more 26 13 6 7
No rental receipts 49 31 11 6
Median 586 613 538 1000+
Mean 908 399 642 5045
Acquired 2000 and 2001 (part) 35 19 11 6

Rental Receipts as Percent of Value@8

Acquired before 2000
147 80 54 13
Less than 5 percent 0 0 0 0
5 to 9 percent 7 0 7 0
10 to 14 percent 13 13 0 0
15 to 19 percent 5 0 5 0
20 to 24 percent 0 0 0 0
25 to 29 percent 9 0 9 0
30 to 39 percent 0 0 0 0
40 percent or more 60 31 22 7
Median 40+ 40+ 40+ 40+
Acquired 2000 and 2001 (part) 35 19 11 6

Rental Vacancy Losses as Percent of
Potential Receipts

Acquired before 2000
147 80 54 13
Less than 1.0 percent 20 20 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 19 0 19 0
Not reported or not computed 109 61 35 13
Median 1.0 0.5 57.5 0.0
Acquired 2000 and 2001 (part) 35 19 11 6

Age Restrictions

Mobile home restricted to people
age 55 or older
6 0 6 0
Mobile home not restricted to people
age 55 or older
176 99 58 19
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 6 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 165 81 64 19
Not reported 12 12 0 0

Source of Property Benefits@1

With property benefits
6 6 0 0
Federal government 0 0 0 0
State government 6 6 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 165 81 64 19
Not reported 12 12 0 0

Reason for Benefits@1

With property benefits
6 6 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 6 6 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 165 81 64 19
Not reported 12 12 0 0

OWNER CHARACTERISTICS


Type of Owner

Individual investor(s)
171 93 59 19
Limited partnership 5 0 5 0
Joint venture 6 6 0 0
General partnership 0 0 0 0
Life insurance company 0 0 0 0
Depository institution 0 0 0 0
Public real estate investment trust 0 0 0 0
Private real estate investment trust 0 0 0 0
Corporation - other than real estate
investment trust
0 0 0 0
Housing cooperative organization 0 0 0 0
Non-profit or church-related institution 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 54 0 35 19
Through third party (such as real
estate agent or builder)
8 0 8 0
Some other way 0 0 0 0
Not reported 22 0 22 0
Not available 99 99 0 0

Origin of First Mortgage

Mortgage made at time property acquired
65 0 53 12
Mortgage assumed at the time property
acquired
0 0 0 0
Mortgage placed later than acquisition of
property
19 0 11 7
Refinanced mortgage 19 0 11 7
Same lender 11 0 11 0
Different lender 7 0 0 7
Mortgage placed on property
owned free and clear of debt
0 0 0 0
Not available 99 99 0 0

Purpose of First Mortgage Placed
Later Than Acquisition of Property

Properties on which
mortgages placed later
than acquisition of property
19 0 11 7
Obtain lower interest rate 0 0 0 0
Increase payment period for mortgage 0 0 0 0
Reduce payment period for mortgage 0 0 0 0
Renew or extend loan that had fallen
due, without increasing outstanding
balance
0 0 0 0
Receive cash or increase outstanding
balance of loan
19 0 11 7
Other reason 0 0 0 0
Not reported 0 0 0 0
Other properties 65 0 53 12
Not available 99 99 0 0

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

Properties on which cash
received
7 0 0 7
Less than $5,000 0 0 0 0
$5,000 to $9,999 0 0 0 0
$10,000 to $14,999 7 0 0 7
$15,000 to $19,999 0 0 0 0
$20,000 to $29,999 0 0 0 0
$30,000 to $39,999 0 0 0 0
$40,000 to $49,999 0 0 0 0
$50,000 to $59,999 0 0 0 0
$60,000 to $79,999 0 0 0 0
$80,000 to $99,999 0 0 0 0
$100,000 or more 0 0 0 0
Not reported 0 0 0 0
Median 12500 5000- 5000- 12500
Mean 14000 0 0 14000
Properties that refinanced
and did not receive cash back
0 0 0 0
Properties that refinanced
and did not report if received
cash back
11 0 11 0
Properties that did not
refinance
65 0 53 12
Not available 99 99 0 0

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

Properties on which cash
received@1
7 0 0 7
For additions, improvements or repairs
to this property
7 0 0 7
To consolidate debts 0 0 0 0
For investment in other real estate 0 0 0 0
For other types of investments 0 0 0 0
For educational or medical expenses 0 0 0 0
To start a business 0 0 0 0
To settle a divorce 0 0 0 0
To pay taxes 0 0 0 0
To purchase an automobile, truck, or
other vehicle
0 0 0 0
To purchase consumer product other than
automobile, truck, or other vehicle
0 0 0 0
Other 0 0 0 0
Not reported 0 0 0 0
Properties that refinanced
and did not receive cash back
0 0 0 0
Properties that refinanced
and did not report if received
cash back
11 0 11 0
Properties that did not
refinance
65 0 53 12
Not available 99 99 0 0

Year First Mortgage Made or
Assumed

1999 to 2001 (part)
47 0 28 19
1997 and 1998 11 0 11 0
1995 and 1996 7 0 7 0
1990 to 1994 15 0 15 0
1985 to 1989 0 0 0 0
1980 to 1984 3 0 3 0
1979 or earlier 99 99 0 0

First Mortgage Insurance Status

FHA-insured first mortgage
5 0 5 0
VA-guaranteed first mortgage 0 0 0 0
Rural Housing Service-Rural Development-
insured or -guaranteed first mortgage
0 0 0 0
Other federal, state, or local
government-insured or guaranteed
first mortgage
6 0 0 6
Insured conventional first mortgage 7 0 0 7
Uninsured conventional first mortgage 65 0 59 6
Not reported 99 99 0 0

Traditional First Mortgage Loan

Less than $5,000
0 0 0 0
$5,000 to $9,999 3 0 3 0
$10,000 to $14,999 0 0 0 0
$15,000 to $19,999 11 0 6 6
$20,000 to $29,999 22 0 22 0
$30,000 to $39,999 13 0 7 6
$40,000 to $49,999 6 0 6 0
$50,000 to $59,999 5 0 5 0
$60,000 to $79,999 4 0 4 0
$80,000 to $99,999 0 0 0 0
$100,000 or more 5 0 5 0
Not reported 113 99 6 7
Median 29178 5000- 29060 30422
Mean 39018 0 42285 22898

Total Mortgage Loan

Less than $5,000
7 7 0 0
$5,000 to $9,999 10 7 3 0
$10,000 to $14,999 0 0 0 0
$15,000 to $19,999 45 34 6 6
$20,000 to $29,999 19 0 19 0
$30,000 to $39,999 18 12 0 6
$40,000 to $49,999 9 6 3 0
$50,000 to $59,999 5 0 5 0
$60,000 to $79,999 42 25 17 0
$80,000 to $99,999 8 8 0 0
$100,000 or more 5 0 5 0
Not reported 13 0 6 7
Median 31640 31660 42592 30422
Mean 40818 38709 48047 22898

Traditional First Mortgage Outstanding
Debt

Less than $5,000
0 0 0 0
$5,000 to $9,999 3 0 3 0
$10,000 to $14,999 6 0 0 6
$15,000 to $19,999 8 0 8 0
$20,000 to $29,999 25 0 19 6
$30,000 to $39,999 13 0 13 0
$40,000 to $49,999 9 0 9 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 5 0 5 0
Not reported 113 99 6 7
Median 26866 5000- 28924 20422
Mean 34368 0 37065 21063

Current Interest Rate on First Mortgage

Less than 6.0 percent
29 0 23 6
6.0 percent 0 0 0 0
6.1 to 6.4 percent 0 0 0 0
6.5 to 6.9 percent 0 0 0 0
7.0 percent 10 0 10 0
7.1 to 7.4 percent 0 0 0 0
7.5 to 7.9 percent 0 0 0 0
8.0 percent 5 0 5 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 6 0 6 0
10.0 percent 6 0 6 0
10.1 to 10.4 percent 0 0 0 0
10.5 to 10.9 percent 0 0 0 0
11.0 percent 0 0 0 0
11.1 to 12.9 percent 6 0 0 6
13.0 percent 0 0 0 0
13.1 percent or more 21 0 14 7
Not reported 99 99 0 0
Median 8.0 0.0 7.1 12.3

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
27 0 21 6
Not reported 156 99 44 13

Term of First Mortgage

Less than 5 years
11 0 11 0
5 years 0 0 0 0
6 to 9 years 6 0 6 0
10 years 6 0 0 6
11 to 14 years 0 0 0 0
15 years 0 0 0 0
16 to 19 years 0 0 0 0
20 years 0 0 0 0
21 to 24 years 4 0 4 0
25 years 0 0 0 0
26 to 29 years 0 0 0 0
30 years 0 0 0 0
More than 30 years 0 0 0 0
No stated term 156 99 44 13
Median 7 5- 5- 10

Unexpired Term of First Mortgage

Less than 5 years
11 0 11 0
5 to 9 years 12 0 6 6
10 to 14 years 0 0 0 0
15 to 19 years 4 0 4 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 156 99 44 13
Median 6 5- 5- 7

Holder of First Mortgage

Commercial bank or trust company
42 0 36 6
Savings and loan association, federal
savings bank
33 13 12 7
Mutual savings bank 0 0 0 0
Life insurance company 5 0 5 0
Mortgage banker or mortgage company 0 0 0 0
Federally-sponsored secondary market
agency or pool
12 0 7 6
Conventional mortgage pool 0 0 0 0
Other federal agency 0 0 0 0
Real estate investment trust 0 0 0 0
Pension or retirement fund 0 0 0 0
Credit union 6 6 0 0
Finance company 73 73 0 0
State or municipal government or
housing finance agency
7 7 0 0
Individual or individual's estate 4 0 4 0
Other 0 0 0 0

First Mortgage Loan as a Percent of
Purchase Price

Properties acquired by
purchase with first mortgage
made or assumed at time of
purchase
44 0 38 6
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 8 0 8 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 29 0 24 6
Not reported 6 0 6 0
Median 100+ 40- 100+ 100+
Other properties 39 0 26 13
Not available 99 99 0 0

First Mortgage Loan as a Percent
of Value

Properties acquired by
purchase with first mortgage
made or assumed at time of
purchase
44 0 38 6
Less than 40 percent 0 0 0 0
40 to 49 percent 0 0 0 0
50 to 59 percent 5 0 5 0
60 to 69 percent 19 0 19 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 14 0 8 6
Not reported 6 0 6 0
Median 67 40- 65 100+
Other properties 39 0 26 13
Not available 99 99 0 0

First Mortgage Risk

Subprime loan
8 0 8 0
Not subprime loan 75 0 56 19
Not reported 99 99 0 0

Index Used to Adjust Interest Rate
on ARM

Properties with adjustable
rate first mortgage
19 0 0 19
Treasury security 6 0 0 6
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 13 0 0 13
Other properties 64 0 64 0
Not reported 99 99 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 0 0 0 0
Every 3 years 6 0 0 6
Every 5 years 0 0 0 0
Other 0 0 0 0
Not reported 13 0 0 13
Other properties 64 0 64 0
Not reported 99 99 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 6 0 0 6
2.1 to 2.9 percent 0 0 0 0
3 percent 0 0 0 0
3.1 to 3.9 percent 0 0 0 0
4.0 percent or more 0 0 0 0
No caps 0 0 0 0
Not reported 13 0 0 13
Other properties 64 0 64 0
Not reported 99 99 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 6 0 0 6
No caps 0 0 0 0
Not reported 13 0 0 13
Other properties 64 0 64 0
Not reported 99 99 0 0

Interest Rate Changed Since
Mortgage Made

Properties with adjustable
rate first mortgage
19 0 0 19
Yes, rate has changed 6 0 0 6
No change since mortgage made 0 0 0 0
Not reported 13 0 0 13
Other properties 64 0 64 0
Not reported 99 99 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 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 6 0 0 6
4 percent 0 0 0 0
4.1 to 4.9 percent 0 0 0 0
5 percent or more 0 0 0 0
Not reported 13 0 0 13
Median 3.6 0.0 0.0 3.6
Other properties 64 0 64 0
Not reported 99 99 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 6 0 0 6
Not reported 13 0 0 13
Other properties 64 0 64 0
Not reported 99 99 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
71 0 64 6
Not reported 112 99 0 13

First Mortgage Allows for Negative
Amortization

Monthly payments can change
(other than change in interest
rate)
0 0 0 0
Yes, unrestricted negative amortization 0 0 0 0
Yes, restricted negative amortization 0 0 0 0
No negative amortization allowed 0 0 0 0
Not reported 0 0 0 0
Monthly payments cannot change 71 0 64 6
Not reported 112 99 0 13

MORTGAGE PAYMENTS AND OTHER EXPENSES


Method of Payment of First Mortgage

Regular payments of interest
and/or principal
64 0 58 6
Interest and principal 64 0 58 6
Fully amortized 54 0 48 6
Not fully amortized 10 0 10 0
Interest only 0 0 0 0
No regular payments required 0 0 0 0
Not reported 119 99 7 13

Items Included in First Mortgage
Payment@1

Regular monthly payments of
both interest and principal
64 0 58 6
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 64 0 58 6
No regular payments of interest
and principal
119 99 7 13

Monthly Interest and Principal Payments
on First Mortgage

Regular monthly payments of
interest and/or principal
64 0 58 6
Less than $50 0 0 0 0
$50 to $99 3 0 3 0
$100 to $199 0 0 0 0
$200 to $299 8 0 8 0
$300 to $399 26 0 26 0
$400 to $499 10 0 4 6
$500 to $599 5 0 5 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 11 0 11 0
Median 378 50- 366 450
Mean 519 0 527 446
No regular payments required 0 0 0 0
Not reported 119 99 7 13

Current First Mortgage Payment Status

Regular monthly payments of
principal and/or interest
183 99 64 19
Up-to-date, ahead of schedule, or
less than 90 days past due
27 0 21 6
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 156 99 44 13
Other properties 0 0 0 0

Monthly Interest and Principal Payments
on Total Mortgages

Regular monthly payments of
interest and/or principal
151 80 64 6
Less than $50 0 0 0 0
$50 to $99 3 0 3 0
$100 to $199 7 7 0 0
$200 to $299 24 16 8 0
$300 to $399 35 12 23 0
$400 to $499 29 12 11 6
$500 to $599 5 0 5 0
$600 to $699 16 13 3 0
$700 to $799 6 6 0 0
$800 to $899 0 0 0 0
$900 to $999 0 0 0 0
$1,000 or more 25 14 11 0
Median 419 442 389 450
Mean 590 558 644 446
No regular monthly payments
required
32 19 0 13

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

Acquired before 2000 and
regular payments of interest
and/or princi
53 0 47 6
Less than 20 percent 0 0 0 0
20 to 29 percent 6 0 6 0
30 to 39 percent 8 0 8 0
40 to 49 percent 0 0 0 0
50 to 59 percent 0 0 0 0
60 to 69 percent 3 0 3 0
70 to 79 percent 3 0 3 0
80 to 89 percent 0 0 0 0
90 to 99 percent 11 0 11 0
100 percent or more 4 0 4 0
Not reported or not computed 18 0 11 6
Median 71.5 19.5- 71.5 19.5-
Other properties 129 99 17 13

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

Acquired before 2000 and regular
payments of interest and/or
principal
121 61 54 6
Less than 20 percent 7 7 0 0
20 to 29 percent 0 0 0 0
30 to 39 percent 14 6 8 0
40 to 49 percent 0 0 0 0
50 to 59 percent 6 0 6 0
60 to 69 percent 3 0 3 0
70 to 79 percent 13 6 7 0
80 to 89 percent 0 0 0 0
90 to 99 percent 11 0 11 0
100 percent or more 20 13 7 0
Not reported or not computed 47 29 11 6
Median 75.3 74.9 75.6 19.5-
Other properties 62 38 11 13

Real Estate Tax Per $1,000 Value

Acquired before 2000
147 80 54 13
Less than $5 31 13 11 7
$5 to $9 19 13 0 6
$10 to $14 18 12 6 0
$15 to $19 19 12 7 0
$20 to $24 0 0 0 0
$25 to $29 17 12 5 0
$30 to $39 0 0 0 0
$40 to $49 11 0 11 0
$50 to $59 14 0 14 0
$60 or more 12 12 0 0
Not reported or not computed 6 6 0 0
Median 15 14 28 5-
Acquired 2000 and 2001 (part) 35 19 11 6

Real Estate Tax as Percent of Rental
Receipts

Acquired before 2000
147 80 54 13
Less than 5 percent 57 25 24 7
5 to 9 percent 19 13 6 0
10 to 14 percent 0 0 0 0
15 to 19 percent 12 0 12 0
20 to 24 percent 0 0 0 0
25 to 29 percent 0 0 0 0
30 to 34 percent 0 0 0 0
35 to 39 percent 0 0 0 0
40 percent or more 0 0 0 0
Not reported or not computed 60 42 11 6
Median 5- 5- 5- 5-
Acquired 2000 and 2001 (part) 35 19 11 6

Rental and vacant mobile homes
with installment loan
115 99 16 0

INSTALLMENT LOAN CHARACTERISTICS


Year Installment Loan Made

1999 to 2001(part)
43 43 0 0
1997 to 1998 6 6 0 0
1995 to 1996 22 20 3 0
1990 to 1994 30 23 7 0
1985 to 1989 13 7 6 0
1980 to 1984 0 0 0 0
1979 or earlier 0 0 0 0

Installment Loan Outstanding Debt

Less than $5,000
7 7 0 0
$5,000 to $9,999 7 7 0 0
$10,000 to $14,999 6 0 6 0
$15,000 to $19,999 34 34 0 0
$20,000 to $29,999 3 0 3 0
$30,000 to $39,999 19 12 7 0
$40,000 to $49,999 6 6 0 0
$50,000 to $59,999 0 0 0 0
$60,000 to $79,999 25 25 0 0
$80,000 to $99,999 8 8 0 0
$100,000 or more 0 0 0 0
Median 30534 31660 26461 5000-
Mean 36343 38709 21376 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 102 87 16 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 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 7 7 0 0
Median 114.9 99.2 15.7 0.0

Holder of Installment Loan

Commercial bank or trust company
0 0 0 0
Savings and loan association, federal
savings bank
20 13 7 0
Mutual savings bank 0 0 0 0
Credit union 6 6 0 0
Finance company 76 73 3 0
State or municipal government or
housing finance agency
7 7 0 0
Other 6 0 6 0

INSTALLMENT LOAN PAYMENT AND OTHER
EXPENSES


Monthly Interest and Principal
Payments on Installment Loan

Regular monthly payments of
interest and/
96 80 16 0
Less than $50 0 0 0 0
$50 to $99 0 0 0 0
$100 to $199 7 7 0 0
$200 to $299 16 16 0 0
$300 to $399 15 12 3 0
$400 to $499 19 12 7 0
$500 to $599 0 0 0 0
$600 to $699 13 13 0 0
$700 to $799 6 6 0 0
$800 to $899 0 0 0 0
$900 to $999 0 0 0 0
$1,000 or more 21 14 6 0
Median 453 442 473 50-
Mean 583 558 709 0
No regular payments required 0 0 0 0

Other Monthly Payments on
Installment Loan

Other regular monthly payments
0 0 0 0
Less than $50 0 0 0 0
$50 to $99 0 0 0 0
$100 to $199 0 0 0 0
$200 to $299 0 0 0 0
$300 to $399 0 0 0 0
$400 to $499 0 0 0 0
$500 to $599 0 0 0 0
$600 to $699 0 0 0 0
$700 to $799 0 0 0 0
$800 to $899 0 0 0 0
$900 to $999 0 0 0 0
$1,000 or more 0 0 0 0
Median 50- 50- 50- 50-
Mean 0 0 0 0
No other regular payments
required
115 99 16 0

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