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Residential Finance Survey: 2001 - West
Table 9-2e. 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
446 252 169 25

PROPERTY CHARACTERISTICS


Manner of Acquisition

By purchase
431 245 164 21
Placed one new mortgage 201 67 123 11
Placed two or more new mortgages 18 5 5 8
Assumed mortgage(s) already on property 8 3 5 0
Assumed mortgage(s) already on property
and placed new mortgage
3 0 3 0
Borrowed using assets other than this
property as collateral
3 0 3 0
Paid all cash-no borrowing 11 3 6 2
Other manner 187 168 19 0
By inheritance or gift 4 0 0 4
By divorce 0 0 0 0
By some other manner 2 2 0 0
Not reported 9 4 5 0

Source of Downpayment@1

Properties purchased
1995 to 2001 (part)
351 200 141 11
Sale of previous home 69 38 26 4
Sale of other real property or other
investments
14 9 6 0
Savings 199 121 78 0
Borrowing from a retirement plan 11 11 0 0
Borrowing using assets other than this
property as collateral
8 8 0 0
Proceeds from an insurance policy 3 3 0 0
Payments in a lease-purchase agreement 4 4 0 0
From a state or local government source 7 4 3 0
From a non-profit organization 0 0 0 0
From parents or relatives 35 20 13 3
Other 0 0 0 0
No downpayment required 47 22 22 3
Not reported 0 0 0 0
Other properties 95 52 28 14
Not reported 0 0 0 0

Year Property Acquired

1999 to 2001 (part)
167 107 57 3
1997 and 1998 108 50 57 1
1995 and 1996 78 44 27 6
1990 to 1994 58 33 18 8
1985 to 1989 21 13 8 0
1980 to 1984 7 4 0 2
1975 to 1979 3 0 3 0
1970 to 1974 4 0 0 4
1969 or earlier 0 0 0 0

Property New or Previously Occupied When
Acquired

Acquired by purchase
431 245 164 21
New 167 90 62 14
Previously occupied by someone else 256 151 98 7
Converted from non-residential use 4 0 4 0
Other 0 0 0 0
Not reported 4 4 0 0
Other properties 6 2 0 4
Not reported 9 4 5 0

Year Structure Built

1999 to March 2000
21 19 2 0
1997 and 1998 46 28 17 1
1995 and 1996 66 46 20 0
1990 to 1994 45 17 28 0
1980 to 1989 101 41 43 16
1970 to 1979 125 75 46 4
1969 or earlier 41 26 13 3

Purchase Price

Properties acquired by
purchase 1997 to 2001 (part)
276 158 114 4
Less than $5,000 11 4 7 0
$5,000 to $9,999 21 16 5 0
$10,000 to $14,999 15 11 4 0
$15,000 to $19,999 24 10 14 0
$20,000 to $29,999 20 10 10 0
$30,000 to $39,999 46 37 10 0
$40,000 to $49,999 30 15 15 0
$50,000 to $59,999 29 20 9 0
$60,000 to $79,999 37 18 18 0
$80,000 to $99,999 14 0 14 0
$100,000 or more 28 15 9 4
Median 40095 37153 45621 100000+
Mean 47412 42845 50632 131135
Other properties 170 94 56 21

Value

Less than $5,000
12 4 3 4
$5,000 to $9,999 47 28 19 0
$10,000 to $14,999 41 34 7 0
$15,000 to $19,999 15 13 0 2
$20,000 to $29,999 54 19 35 0
$30,000 to $39,999 54 37 14 3
$40,000 to $49,999 28 17 11 0
$50,000 to $59,999 27 20 7 0
$60,000 to $79,999 57 46 7 4
$80,000 to $99,999 39 17 21 0
$100,000 or more 74 17 45 11
Median 40467 37546 46356 74192
Mean 53115 44713 63162 69688

Value of Capital Improvements

Properties with capital
improvements between 1998
and 2000
174 91 67 15
Less than $500 4 4 0 0
$500 to $999 15 9 3 3
$1,000 to $2,499 60 34 26 0
$2,500 to $4,999 34 17 13 4
$5,000 to $7,499 25 10 7 7
$7,500 to $9,999 13 9 4 0
$10,000 to $14,999 16 4 12 0
$15,000 to $19,999 3 0 3 0
$20,000 to $29,999 4 4 0 0
$30,000 or more 0 0 0 0
Median 3076 2435 3493 4842
Mean 4284 4048 4703 3843
Properties with no capital
improvements between 1998 and 2000
223 137 79 6
Capital improvements not
reported
49 23 23 4

Age Restrictions

Mobile home restricted to people
age 55 or older
50 29 18 3
Mobile home not restricted to people
age 55 or older
376 213 145 18
Not reported 19 10 6 4

Type of Property Benefits@1

Government-sponsored below-market
interest rate mortgage loan
0 0 0 0
Other government grant or subsidy 4 4 0 0
Property tax relief 0 0 0 0
Subsidy from a non-profit corporation 0 0 0 0
None of the above benefits 314 179 118 17
Not reported 127 68 51 8

Source of Property Benefits@1

With property benefits
4 4 0 0
Federal government 0 0 0 0
State government 4 4 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 314 179 118 17
Not reported 127 68 51 8

Reason for Benefits@1

With property benefits
4 4 0 0
Occupied by low- or moderate-income
individuals
4 4 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 314 179 118 17
Not reported 127 68 51 8

OWNER CHARACTERISTICS


Owner Status

1 owner
201 102 87 12
2 owners 237 144 82 10
3 or more owners 8 5 0 3

Age of Owner

Under 25
14 14 0 0
25 to 34 78 48 27 3
35 to 44 95 45 43 6
45 to 54 103 61 41 0
55 to 64 66 32 26 7
65 to 74 34 22 7 4
75 and over 22 9 12 0
Not reported 34 19 12 4
Median 46 46 47 56

Race of Owner

White alone
385 213 147 25
Black or African American alone 16 16 0 0
American Indian or Alaska Native alone 25 20 6 0
Asian alone 7 0 7 0
Native Hawaiian or Other Pacific
Islander alone
0 0 0 0
Two or more races 12 3 9 0

Sex of Owner

Male/Male and female co-owners
332 192 121 20
Female 114 60 49 5

Hispanic/Latino Origin

Hispanic/Latino owner(s) only
67 55 12 0
No Hispanic/Latino owner(s) 379 197 157 25

Veteran Status@1

Veteran
86 41 34 11
Active member of Reserves or National
Guard for at least 6 years
14 7 3 4
Persian Gulf War or after
(August 1990 to present)
9 3 6 0
Vietnam or after
(August 1964 to July 1990)
35 10 19 6
Korean conflict or after
(July 1950 to July 1964)
32 19 12 0
World War II or after
(September 1940 to June 1950)
9 4 0 4
Nonveteran 328 192 125 11
Not reported 32 19 10 4

Income

Less than $5,000
38 25 12 0
$5,000 to $9,999 8 3 5 0
$10,000 to $14,999 28 12 12 4
$15,000 to $19,999 47 11 33 3
$20,000 to $24,999 39 29 10 0
$25,000 to $29,999 45 19 23 3
$30,000 to $34,999 46 31 15 0
$35,000 to $39,999 35 25 7 3
$40,000 to $49,999 44 32 12 0
$50,000 to $59,999 29 12 13 4
$60,000 to $79,999 73 45 22 7
$80,000 to $99,999 5 5 0 0
$100,000 to $119,999 4 4 0 0
$120,000 or more 5 0 5 0
Median 32012 34331 27827 38006
Mean 39616 36667 43775 41136

Owned Home Previously

Previously owned home
226 112 96 18
Never owned home before 195 125 67 3
Not reported 25 15 7 4

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 73 0 58 15
Through third party (such as real
estate agent or builder)
30 0 26 3
Some other way 0 0 0 0
Not reported 92 0 85 7
Not available 252 252 0 0

Origin of First Mortgage

Mortgage made at time property acquired
165 0 144 20
Mortgage assumed at the time property
acquired
8 0 8 0
Mortgage placed later than acquisition of
property
21 0 17 4
Refinanced mortgage 11 0 11 0
Same lender 3 0 3 0
Different lender 9 0 9 0
Mortgage placed on property
owned free and clear of debt
10 0 6 4
Not available 252 252 0 0

Purpose of First Mortgage Placed
Later Than Acquisition of Property

Properties on which
mortgages placed later
than acquisition of property
21 0 17 4
Obtain lower interest rate 3 0 3 0
Increase payment period for mortgage 0 0 0 0
Reduce payment period for mortgage 3 0 3 0
Renew or extend loan that had fallen
due, without increasing outstanding
balance
0 0 0 0
Receive cash or increase outstanding
balance of loan
7 0 3 4
Other reason 3 0 3 0
Not reported 6 0 6 0
Other properties 173 0 152 20
Not available 252 252 0 0

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

Properties on which cash
received
13 0 8 4
Less than $5,000 3 0 3 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 4 0 0 4
$50,000 to $59,999 0 0 0 0
$60,000 to $79,999 6 0 6 0
$80,000 to $99,999 0 0 0 0
$100,000 or more 0 0 0 0
Not reported 0 0 0 0
Median 48160 5000- 65138 45000
Mean 45933 0 48084 42000
Properties that refinanced
and did not receive cash back
9 0 9 0
Properties that refinanced
and did not report if received
cash back
0 0 0 0
Properties that did not
refinance
173 0 152 20
Not available 252 252 0 0

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

Properties on which cash
received@1
13 0 8 4
For additions, improvements or repairs
to this property
3 0 3 0
To consolidate debts 0 0 0 0
For investment in other real estate 0 0 0 0
For other types of investments 6 0 6 0
For educational or medical expenses 0 0 0 0
To start a business 0 0 0 0
To settle a divorce 0 0 0 0
To pay taxes 0 0 0 0
To purchase an automobile, truck, or
other vehicle
4 0 0 4
To purchase consumer product other than
automobile, truck, or other vehicle
0 0 0 0
Other 0 0 0 0
Not reported 0 0 0 0
Properties that refinanced
and did not receive cash back
9 0 9 0
Properties that refinanced
and did not report if received
cash back
0 0 0 0
Properties that did not
refinance
173 0 152 20
Not available 252 252 0 0

Year First Mortgage Made or
Assumed

1999 to 2001 (part)
82 0 79 3
1997 and 1998 62 0 61 1
1995 and 1996 23 0 12 11
1990 to 1994 18 0 10 8
1985 to 1989 8 0 8 0
1980 to 1984 2 0 0 2
1979 or earlier 252 252 0 0

First Mortgage Insurance Status

FHA-insured first mortgage
19 0 15 4
VA-guaranteed first mortgage 0 0 0 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
3 0 0 3
Insured conventional first mortgage 24 0 24 0
Uninsured conventional first mortgage 144 0 126 18
Not reported 252 252 0 0

Traditional First Mortgage Loan

Less than $5,000
10 0 9 1
$5,000 to $9,999 4 0 4 0
$10,000 to $14,999 14 0 12 2
$15,000 to $19,999 19 0 15 4
$20,000 to $29,999 16 0 9 7
$30,000 to $39,999 15 0 15 0
$40,000 to $49,999 25 0 21 4
$50,000 to $59,999 19 0 16 3
$60,000 to $79,999 49 0 46 3
$80,000 to $99,999 11 0 11 0
$100,000 or more 6 0 6 0
Not reported 257 252 6 0
Median 46416 5000- 48743 27228
Mean 47180 0 49121 34412

Total Mortgage Loan

Less than $5,000
24 14 9 1
$5,000 to $9,999 10 10 0 0
$10,000 to $14,999 25 17 6 2
$15,000 to $19,999 33 25 4 4
$20,000 to $29,999 33 22 8 3
$30,000 to $39,999 97 80 17 0
$40,000 to $49,999 42 26 8 8
$50,000 to $59,999 36 13 20 3
$60,000 to $79,999 85 33 49 3
$80,000 to $99,999 12 3 9 0
$100,000 or more 41 7 34 0
Not reported 6 0 6 0
Median 39718 34666 64141 42124
Mean 50354 37535 72073 37047

Traditional First Mortgage Outstanding
Debt

Less than $5,000
10 0 9 1
$5,000 to $9,999 13 0 10 4
$10,000 to $14,999 8 0 6 2
$15,000 to $19,999 23 0 15 7
$20,000 to $29,999 19 0 19 0
$30,000 to $39,999 22 0 17 4
$40,000 to $49,999 21 0 21 0
$50,000 to $59,999 16 0 13 3
$60,000 to $79,999 55 0 52 3
$80,000 to $99,999 0 0 0 0
$100,000 or more 2 0 2 0
Not reported 257 252 6 0
Median 39875 5000- 42893 18714
Mean 41813 0 43797 28765

Total Mortgage Outstanding Debt

Less than $5,000
24 14 9 1
$5,000 to $9,999 10 10 0 0
$10,000 to $14,999 30 17 10 2
$15,000 to $19,999 32 25 0 7
$20,000 to $29,999 36 22 10 4
$30,000 to $39,999 105 80 21 4
$40,000 to $49,999 39 26 13 0
$50,000 to $59,999 37 13 21 3
$60,000 to $79,999 82 33 46 3
$80,000 to $99,999 16 3 13 0
$100,000 or more 28 7 21 0
Not reported 6 0 6 0
Median 38374 34666 59049 24745
Mean 47337 37535 64244 31400

Current Interest Rate on First Mortgage

Less than 6.0 percent
87 0 65 21
6.0 percent 3 0 3 0
6.1 to 6.4 percent 0 0 0 0
6.5 to 6.9 percent 0 0 0 0
7.0 percent 16 0 16 0
7.1 to 7.4 percent 7 0 7 0
7.5 to 7.9 percent 19 0 19 0
8.0 percent 4 0 4 0
8.1 to 8.4 percent 6 0 6 0
8.5 to 8.9 percent 10 0 10 0
9.0 percent 6 0 6 0
9.1 to 9.4 percent 4 0 0 4
9.5 to 9.9 percent 3 0 3 0
10.0 percent 2 0 2 0
10.1 to 10.4 percent 0 0 0 0
10.5 to 10.9 percent 3 0 3 0
11.0 percent 0 0 0 0
11.1 to 12.9 percent 13 0 13 0
13.0 percent 0 0 0 0
13.1 percent or more 13 0 13 0
Not reported 252 252 0 0
Median 7.0 0.0 7.1 3.5

Type of Interest Rate Buydown

Properties with interest rate
buydown
3 0 3 0
Constant payment 3 0 3 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
72 0 69 4
Not reported 370 252 98 21

Term of First Mortgage

Less than 5 years
2 0 2 0
5 years 3 0 3 0
6 to 9 years 3 0 3 0
10 years 6 0 6 0
11 to 14 years 0 0 0 0
15 years 6 0 6 0
16 to 19 years 0 0 0 0
20 years 9 0 5 4
21 to 24 years 0 0 0 0
25 years 9 0 9 0
26 to 29 years 0 0 0 0
30 years 49 0 49 0
More than 30 years 0 0 0 0
No stated term 359 252 86 21
Median 30 5- 30 20

Unexpired Term of First Mortgage

Less than 5 years
5 0 5 0
5 to 9 years 9 0 9 0
10 to 14 years 10 0 6 4
15 to 19 years 5 0 5 0
20 to 24 years 11 0 11 0
25 to 29 years 43 0 43 0
30 or more years 4 0 4 0
No stated term or not computed 359 252 86 21
Median 25 5- 25 12

Holder of First Mortgage

Commercial bank or trust company
65 28 29 8
Savings and loan association, federal
savings bank
56 37 15 4
Mutual savings bank 10 10 0 0
Life insurance company 0 0 0 0
Mortgage banker or mortgage company 29 0 29 0
Federally-sponsored secondary market
agency or pool
70 0 59 11
Conventional mortgage pool 4 0 4 0
Other federal agency 1 0 0 1
Real estate investment trust 0 0 0 0
Pension or retirement fund 2 0 2 0
Credit union 29 29 0 0
Finance company 139 131 8 0
State or municipal government or
housing finance agency
12 0 12 0
Individual or individual's estate 7 0 7 0
Other 21 18 3 0

First Mortgage Loan as a Percent of
Purchase Price

Properties acquired by
purchase with first mortgage
made or assumed at time of
purchase
164 0 147 17
Less than 40 percent 6 0 6 0
40 to 49 percent 6 0 3 3
50 to 59 percent 7 0 2 5
60 to 69 percent 40 0 40 0
70 to 79 percent 7 0 3 4
80 to 89 percent 30 0 30 0
90 to 94 percent 4 0 4 0
95 to 99 percent 19 0 16 3
100 percent or more 37 0 37 0
Not reported 7 0 6 1
Median 83 40- 85 58
Other properties 30 0 22 8
Not available 252 252 0 0

First Mortgage Loan as a Percent
of Value

Properties acquired by
purchase with first mortgage
made or assumed at time of
purchase
164 0 147 17
Less than 40 percent 7 0 7 0
40 to 49 percent 6 0 3 3
50 to 59 percent 7 0 2 5
60 to 69 percent 43 0 43 0
70 to 79 percent 13 0 9 4
80 to 89 percent 26 0 26 0
90 to 94 percent 19 0 19 0
95 to 99 percent 13 0 10 3
100 percent or more 23 0 23 0
Not reported 7 0 6 1
Median 80 40- 82 58
Other properties 30 0 22 8
Not available 252 252 0 0

First Mortgage Risk

Subprime loan
28 0 28 0
Not subprime loan 166 0 141 25
Not reported 252 252 0 0

Index Used to Adjust Interest Rate
on ARM

Properties with adjustable
rate first mortgage
25 0 0 25
Treasury security 0 0 0 0
Average cost of funds in bank district 0 0 0 0
National average cost of funds 0 0 0 0
OTS contract mortgage rate 0 0 0 0
Other method 0 0 0 0
No index used 0 0 0 0
Not reported 25 0 0 25
Other properties 169 0 169 0
Not reported 252 252 0 0

Frequency With Which Rate Can Be
Adjusted

Properties with adjustable
rate first mortgage
25 0 0 25
Monthly 0 0 0 0
Every 3 months 0 0 0 0
Every 6 months 0 0 0 0
Yearly 4 0 0 4
Every 3 years 0 0 0 0
Every 5 years 0 0 0 0
Other 0 0 0 0
Not reported 21 0 0 21
Other properties 169 0 169 0
Not reported 252 252 0 0

Caps on Interest Rate Per Adjustment
Period

Properties with adjustable
rate first mortgage
25 0 0 25
Less than 1 percent 0 0 0 0
1 percent 0 0 0 0
1.1 to 1.9 percent 0 0 0 0
2 percent 0 0 0 0
2.1 to 2.9 percent 0 0 0 0
3 percent 0 0 0 0
3.1 to 3.9 percent 0 0 0 0
4.0 percent or more 0 0 0 0
No caps 4 0 0 4
Not reported 21 0 0 21
Other properties 169 0 169 0
Not reported 252 252 0 0

Caps on Interest Rate Over Life of ARM

Properties with adjustable
rate first mortgage
25 0 0 25
Less than 1 percent 0 0 0 0
1 percent 0 0 0 0
1.1 to 1.9 percent 0 0 0 0
2 percent 0 0 0 0
2.1 to 2.9 percent 0 0 0 0
3 percent 0 0 0 0
3.1 to 3.9 percent 0 0 0 0
4.0 percent or more 0 0 0 0
No caps 4 0 0 4
Not reported 21 0 0 21
Other properties 169 0 169 0
Not reported 252 252 0 0

Interest Rate Changed Since
Mortgage Made

Properties with adjustable
rate first mortgage
25 0 0 25
Yes, rate has changed 4 0 0 4
No change since mortgage made 0 0 0 0
Not reported 21 0 0 21
Other properties 169 0 169 0
Not reported 252 252 0 0

Percentage of Margin Over Index on ARM

Properties with adjustable rate
first mortgage
25 0 0 25
Less than 1 percent 0 0 0 0
1 percent 0 0 0 0
1.1 to 1.9 percent 0 0 0 0
2 percent 0 0 0 0
2.1 to 2.9 percent 0 0 0 0
3 percent 0 0 0 0
3.1 to 3.9 percent 0 0 0 0
4 percent 0 0 0 0
4.1 to 4.9 percent 0 0 0 0
5 percent or more 0 0 0 0
Not reported 25 0 0 25
Median 0.0 0.0 0.0 0.0
Other properties 169 0 169 0
Not reported 252 252 0 0

ARM Convertible to Fixed Rate Mortgage

Properties with adjustable rate
first mortgage
25 0 0 25
Can be converted 0 0 0 0
Cannot be converted 4 0 0 4
Not reported 21 0 0 21
Other properties 169 0 169 0
Not reported 252 252 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
173 0 169 4
Not reported 273 252 0 21

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 173 0 169 4
Not reported 273 252 0 21

MORTGAGE PAYMENTS AND OTHER EXPENSES


Method of Payment of First Mortgage

Regular payments of interest
and/or principal
153 0 132 22
Interest and principal 153 0 132 22
Fully amortized 141 0 119 22
Not fully amortized 13 0 13 0
Interest only 0 0 0 0
No regular payments required 0 0 0 0
Not reported 292 252 38 3

Items Included in First Mortgage
Payment@1

Regular monthly payments of
both interest and principal
153 0 132 22
Real estate taxes 44 0 44 0
Property insurance 8 0 8 0
Mortgage insurance 11 0 11 0
Other 18 0 14 4
No items included or not reported 101 0 83 18
No regular payments of interest
and principal
292 252 38 3

Monthly Interest and Principal Payments
on First Mortgage

Regular monthly payments of
interest and/or principal
153 0 132 22
Less than $50 0 0 0 0
$50 to $99 4 0 4 0
$100 to $199 12 0 12 0
$200 to $299 24 0 13 11
$300 to $399 30 0 23 7
$400 to $499 22 0 21 1
$500 to $599 40 0 40 0
$600 to $699 12 0 9 3
$700 to $799 7 0 7 0
$800 to $899 0 0 0 0
$900 to $999 0 0 0 0
$1,000 or more 2 0 2 0
Median 432 50- 466 298
Mean 427 0 443 326
No regular payments required 0 0 0 0
Not reported 292 252 38 3

Current First Mortgage Payment Status

Regular monthly payments of
principal and/or interest
446 252 169 25
Up-to-date, ahead of schedule, or
less than 90 days past due
81 0 74 7
Delinquent by 90 days or more 7 0 7 0
Legal proceedings have begun 7 0 7 0
Legal proceedings have not begun 0 0 0 0
Not reported 0 0 0 0
Not reported 358 252 88 18
Other properties 0 0 0 0

Monthly Interest and Principal Payments
on Total Mortgages

Regular monthly payments of
interest and/or principal
387 211 154 22
Less than $50 0 0 0 0
$50 to $99 0 0 0 0
$100 to $199 28 17 11 0
$200 to $299 70 40 19 11
$300 to $399 82 45 30 7
$400 to $499 58 36 21 1
$500 to $599 76 29 46 0
$600 to $699 25 13 9 3
$700 to $799 28 15 12 0
$800 to $899 6 6 0 0
$900 to $999 9 9 0 0
$1,000 or more 5 0 5 0
Median 423 409 481 298
Mean 449 442 475 326
No regular monthly payments
required
59 41 15 3

Interest and Principal Payments on
Total Mortgages as Percent of Income

Regular monthly payments of
interest and/or principal
387 211 154 22
Less than 5 percent 16 0 12 4
5 to 9 percent 80 69 7 4
10 to 14 percent 80 36 35 8
15 to 19 percent 67 41 25 1
20 to 24 percent 42 21 18 4
25 to 29 percent 22 4 18 0
30 to 34 percent 9 9 0 0
35 to 39 percent 12 3 10 0
40 to 49 percent 15 6 8 0
50 percent or more 15 3 13 0
Not reported or not computed 29 20 9 0
Median 15.2 13.6 18.7 11.6
No regular monthly payments
required
59 41 15 3

Homeowner mobile homes with
installment loan
339 252 83 4

INSTALLMENT LOAN CHARACTERISTICS


Year Installment Loan Made

1999 to 2001(part)
159 126 33 0
1997 to 1998 75 44 31 0
1995 to 1996 55 40 14 0
1990 to 1994 38 28 6 4
1985 to 1989 13 13 0 0
1980 to 1984 0 0 0 0
1979 or earlier 0 0 0 0

Installment Loan Outstanding Debt

Less than $5,000
14 14 0 0
$5,000 to $9,999 15 10 4 0
$10,000 to $14,999 19 17 2 0
$15,000 to $19,999 45 25 17 4
$20,000 to $29,999 29 22 7 0
$30,000 to $39,999 110 80 30 0
$40,000 to $49,999 30 26 4 0
$50,000 to $59,999 17 13 4 0
$60,000 to $79,999 40 33 7 0
$80,000 to $99,999 6 3 3 0
$100,000 or more 13 7 5 0
Median 34265 34666 33799 17500
Mean 37800 37535 39464 18000

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 5 0 5 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 229 164 61 4
8.0 percent 4 4 0 0
8.1 to 9.9 percent 7 7 0 0
10.0 percent 13 13 0 0
10.1 to 10.9 percent 10 10 0 0
11.0 percent 10 10 0 0
11.1 percent to 11.9 percent 12 8 4 0
12.0 percent or more 49 35 13 0
Median 338.6 251.7 83.3 3.6

Holder of Installment Loan

Commercial bank or trust company
37 28 9 0
Savings and loan association, federal
savings bank
40 37 4 0
Mutual savings bank 10 10 0 0
Credit union 32 29 3 0
Finance company 185 131 51 4
State or municipal government or
housing finance agency
0 0 0 0
Other 35 18 17 0

INSTALLMENT LOAN PAYMENTS AND OTHER
EXPENSES


Monthly Interest and Principal
Payments on Installment Loan

Regular monthly payments of
interest and
245 213 32 0
Less than $50 0 0 0 0
$50 to $99 0 0 0 0
$100 to $199 23 17 6 0
$200 to $299 44 40 4 0
$300 to $399 54 45 9 0
$400 to $499 38 36 3 0
$500 to $599 33 29 4 0
$600 to $699 13 13 0 0
$700 to $799 21 15 5 0
$800 to $899 6 6 0 0
$900 to $999 9 9 0 0
$1,000 or more 0 0 0 0
Median 399 409 360 50-
Mean 433 436 412 0
No regular payments required 58 7 47 4

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
339 252 83 4

Rental and vacant mobile homes
with traditional first mortgage or
installment loan
83 53 23 7

PROPERTY CHARACTERISTICS


Manner of Acquisition

By purchase
83 53 23 7
Placed one new mortgage 43 21 15 7
Placed two or more new mortgages 0 0 0 0
Assumed mortgage(s) already on property 8 0 8 0
Assumed mortgage(s) already on property
and placed new mortgage
0 0 0 0
Borrowed using assets other than this
property as collateral
0 0 0 0
Paid all cash-no borrowing 0 0 0 0
Other manner 32 32 0 0
By inheritance or gift 0 0 0 0
By divorce 0 0 0 0
By tax free exchange of
other property
0 0 0 0
By foreclosure or assignment 0 0 0 0
By some other manner 0 0 0 0
Not reported 0 0 0 0

Source of Downpayment@1

Properties purchased
1995 to 2001 (part)
29 29 0 0
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
13 13 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 8 8 0 0
Proceeds from sale of tax credits 0 0 0 0
From parents or relatives 0 0 0 0
Other cash source 8 8 0 0
Non-cash source 0 0 0 0
No downpayment required 0 0 0 0
Not reported 0 0 0 0
Other properties 54 24 23 7
Not reported 0 0 0 0

Year Property Acquired

1999 to 2001 (part)
8 8 0 0
1997 and 1998 13 13 0 0
1995 and 1996 8 8 0 0
1990 to 1994 13 4 8 0
1985 to 1989 26 4 15 7
1980 to 1984 15 15 0 0
1975 to 1979 0 0 0 0
1970 to 1974 0 0 0 0
1969 or earlier 0 0 0 0

Property New or Previously Owned When
Acquired

Acquired by purchase
83 53 23 7
New 40 32 8 0
Previously owned 43 21 15 7
As residential property 43 21 15 7
Converted from nonresidential use 0 0 0 0
Other 0 0 0 0
Not reported 0 0 0 0
Other properties 0 0 0 0
Not reported 0 0 0 0

Year Structure Built

1999 to March 2000
8 8 0 0
1997 and 1998 8 8 0 0
1995 and 1996 8 8 0 0
1990 to 1994 8 0 8 0
1980 to 1989 25 11 7 7
1970 to 1979 17 8 8 0
1969 or earlier 9 9 0 0

Purchase Price

Properties acquired by
purchase 1997 to 2001 (part)
21 21 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 8 8 0 0
$40,000 to $49,999 8 8 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 4 4 0 0
$100,000 or more 0 0 0 0
Median 42553 42553 5000- 5000-
Mean 50291 50291 0 0
Other properties 62 32 23 7

Value

Less than $5,000
4 4 0 0
$5,000 to $9,999 8 0 8 0
$10,000 to $14,999 7 0 0 7
$15,000 to $19,999 8 8 0 0
$20,000 to $29,999 0 0 0 0
$30,000 to $39,999 28 28 0 0
$40,000 to $49,999 19 13 7 0
$50,000 to $59,999 0 0 0 0
$60,000 to $79,999 0 0 0 0
$80,000 to $99,999 8 0 8 0
$100,000 or more 0 0 0 0
Median 35032 35021 45046 12500
Mean 33948 30393 48778 10000

Value of Capital Improvements

Properties with capital
improvements between 1998
and 2000
49 28 15 7
Less than $500 17 17 0 0
$500 to $999 0 0 0 0
$1,000 to $2,499 0 0 0 0
$2,500 to $4,999 7 7 0 0
$5,000 to $7,499 13 0 7 7
$7,500 to $9,999 0 0 0 0
$10,000 to $14,999 0 0 0 0
$15,000 to $19,999 4 4 0 0
$20,000 to $29,999 0 0 0 0
$30,000 or more 8 0 8 0
Median 5230 500- 30000+ 6250
Mean 13344 3251 35742 5000
Properties with no capital
improvements between 1998 and 2000
25 25 0 0
Capital improvements not
reported
8 0 8 0

Monthly Rental Receipts

Acquired before 2000
83 53 23 7
Less than $100 0 0 0 0
$100 to $199 0 0 0 0
$200 to $299 8 8 0 0
$300 to $399 13 13 0 0
$400 to $499 7 0 0 7
$500 to $599 23 17 7 0
$600 to $799 0 0 0 0
$800 to $999 0 0 0 0
$1000 or more 21 4 17 0
No rental receipts 11 11 0 0
Median 535 399 1000+ 450
Mean 1143 557 2685 400
Acquired 2000 and 2001 (part) 0 0 0 0

Rental Receipts as Percent of Value@8

Acquired before 2000
83 53 23 7
Less than 5 percent 0 0 0 0
5 to 9 percent 13 13 0 0
10 to 14 percent 8 8 0 0
15 to 19 percent 15 8 7 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 36 13 17 7
Median 40+ 14 40+ 40+
Acquired 2000 and 2001 (part) 0 0 0 0

Rental Vacancy Losses as Percent of
Potential Receipts

Acquired before 2000
83 53 23 7
Less than 1.0 percent 30 17 7 7
1.0 to 2.9 percent 0 0 0 0
3.0 to 4.9 percent 0 0 0 0
5.0 to 6.9 percent 0 0 0 0
7.0 to 8.9 percent 0 0 0 0
9.0 to 10.9 percent 8 0 8 0
11.0 to 12.9 percent 0 0 0 0
13.0 to 14.9 percent 0 0 0 0
15.0 percent or more 8 8 0 0
Not reported or not computed 36 28 8 0
Median 0.8 0.7 9.2 0.5
Acquired 2000 and 2001 (part) 0 0 0 0

Age Restrictions

Mobile home restricted to people
age 55 or older
0 0 0 0
Mobile home not restricted to people
age 55 or older
83 53 23 7
Not reported 0 0 0 0

Type of Property Benefits@1

Government-sponsored below-market
interest rate mortgage loan
0 0 0 0
Government rental subsidy 0 0 0 0
Government grant 0 0 0 0
Property tax relief 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 75 53 15 7
Not reported 8 0 8 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 75 53 15 7
Not reported 8 0 8 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 75 53 15 7
Not reported 8 0 8 0

OWNER CHARACTERISTICS


Type of Owner

Individual investor(s)
83 53 23 7
Limited partnership 0 0 0 0
Joint venture 0 0 0 0
General partnership 0 0 0 0
Life insurance company 0 0 0 0
Depository institution 0 0 0 0
Public real estate investment trust 0 0 0 0
Private real estate investment trust 0 0 0 0
Corporation - other than real estate
investment trust
0 0 0 0
Housing cooperative organization 0 0 0 0
Non-profit or church-related institution 0 0 0 0
Pension fund 0 0 0 0
Fraternal organization 0 0 0 0
Other 0 0 0 0

MORTGAGE CHARACTERISTICS


Method of Loan Application

By computer over the Internet or
by e-mail
0 0 0 0
By telephone or FAX 0 0 0 0
By regular mail 0 0 0 0
By personal visit 0 0 0 0
Through third party (such as real
estate agent or builder)
0 0 0 0
Some other way 0 0 0 0
Not reported 30 0 23 7
Not available 53 53 0 0

Origin of First Mortgage

Mortgage made at time property acquired
22 0 15 7
Mortgage assumed at the time property
acquired
8 0 8 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 53 53 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 30 0 23 7
Not available 53 53 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
30 0 23 7
Not available 53 53 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
30 0 23 7
Not available 53 53 0 0

Year First Mortgage Made or
Assumed

1999 to 2001 (part)
0 0 0 0
1997 and 1998 0 0 0 0
1995 and 1996 0 0 0 0
1990 to 1994 22 0 15 7
1985 to 1989 8 0 8 0
1980 to 1984 0 0 0 0
1979 or earlier 53 53 0 0

First Mortgage Insurance Status

FHA-insured first mortgage
7 0 7 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 23 0 17 7
Not reported 53 53 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 8 0 8 0
$40,000 to $49,999 13 0 7 7
$50,000 to $59,999 0 0 0 0
$60,000 to $79,999 8 0 8 0
$80,000 to $99,999 0 0 0 0
$100,000 or more 0 0 0 0
Not reported 53 53 0 0
Median 44976 5000- 44953 45000
Mean 46350 0 46872 44500

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 0 0 0 0
$20,000 to $29,999 0 0 0 0
$30,000 to $39,999 36 36 0 0
$40,000 to $49,999 26 13 7 7
$50,000 to $59,999 0 0 0 0
$60,000 to $79,999 8 0 8 0
$80,000 to $99,999 13 4 8 0
$100,000 or more 0 0 0 0
Not reported 0 0 0 0
Median 42107 37358 72183 45000
Mean 46948 39512 64523 44500

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 8 0 8 0
$30,000 to $39,999 7 0 0 7
$40,000 to $49,999 15 0 15 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 53 53 0 0
Median 39953 5000- 42184 35000
Mean 39353 0 39905 37394

Current Interest Rate on First Mortgage

Less than 6.0 percent
17 0 17 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 0 0 0 0
8.0 percent 0 0 0 0
8.1 to 8.4 percent 7 0 0 7
8.5 to 8.9 percent 0 0 0 0
9.0 percent 0 0 0 0
9.1 to 9.4 percent 0 0 0 0
9.5 to 9.9 percent 0 0 0 0
10.0 percent 0 0 0 0
10.1 to 10.4 percent 0 0 0 0
10.5 to 10.9 percent 7 0 7 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 53 53 0 0
Median 5.4 0.0 4.2 8.3

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
13 0 7 7
Not reported 70 53 17 0

Term of First Mortgage

Less than 5 years
0 0 0 0
5 years 0 0 0 0
6 to 9 years 0 0 0 0
10 years 0 0 0 0
11 to 14 years 0 0 0 0
15 years 0 0 0 0
16 to 19 years 0 0 0 0
20 years 0 0 0 0
21 to 24 years 0 0 0 0
25 years 0 0 0 0
26 to 29 years 0 0 0 0
30 years 13 0 7 7
More than 30 years 0 0 0 0
No stated term 70 53 17 0
Median 30 5- 30 30

Unexpired Term of First Mortgage

Less than 5 years
0 0 0 0
5 to 9 years 0 0 0 0
10 to 14 years 0 0 0 0
15 to 19 years 7 0 7 0
20 to 24 years 7 0 0 7
25 to 29 years 0 0 0 0
30 or more years 0 0 0 0
No stated term or not computed 70 53 17 0
Median 20 5- 17 22

Holder of First Mortgage

Commercial bank or trust company
0 0 0 0
Savings and loan association, federal
savings bank
7 7 0 0
Mutual savings bank 0 0 0 0
Life insurance company 0 0 0 0
Mortgage banker or mortgage company 7 0 0 7
Federally-sponsored secondary market
agency or pool
23 0 23 0
Conventional mortgage pool 0 0 0 0
Other federal agency 0 0 0 0
Real estate investment trust 0 0 0 0
Pension or retirement fund 0 0 0 0
Credit union 0 0 0 0
Finance company 46 46 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
30 0 23 7
Less than 40 percent 0 0 0 0
40 to 49 percent 0 0 0 0
50 to 59 percent 0 0 0 0
60 to 69 percent 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 7 0 0 7
100 percent or more 15 0 15 0
Not reported 0 0 0 0
Median 99 40- 100+ 97
Other properties 0 0 0 0
Not available 53 53 0 0

First Mortgage Loan as a Percent
of Value

Properties acquired by
purchase with first mortgage
made or assumed at time of
purchase
30 0 23 7
Less than 40 percent 0 0 0 0
40 to 49 percent 0 0 0 0
50 to 59 percent 7 0 0 7
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 15 0 15 0
Not reported 0 0 0 0
Median 69 40- 100+ 55
Other properties 0 0 0 0
Not available 53 53 0 0

First Mortgage Risk

Subprime loan
0 0 0 0
Not subprime loan 30 0 23 7
Not reported 53 53 0 0

Index Used to Adjust Interest Rate
on ARM

Properties with adjustable
rate first mortgage
7 0 0 7
Treasury security 0 0 0 0
Average cost of funds in bank district 0 0 0 0
National average cost of funds 0 0 0 0
OTS contract mortgage rate 0 0 0 0
Other method 0 0 0 0
No index used 0 0 0 0
Not reported 7 0 0 7
Other properties 23 0 23 0
Not reported 53 53 0 0

Frequency With Which Rate Can Be
Adjusted

Properties with adjustable
rate first mortgage
7 0 0 7
Monthly 0 0 0 0
Every 3 months 0 0 0 0
Every 6 months 0 0 0 0
Yearly 7 0 0 7
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 23 0 23 0
Not reported 53 53 0 0

Caps on Interest Rate Per Adjustment
Period

Properties with adjustable
rate first mortgage
7 0 0 7
Less than 1 percent 0 0 0 0
1 percent 0 0 0 0
1.1 to 1.9 percent 0 0 0 0
2 percent 7 0 0 7
2.1 to 2.9 percent 0 0 0 0
3 percent 0 0 0 0
3.1 to 3.9 percent 0 0 0 0
4.0 percent or more 0 0 0 0
No caps 0 0 0 0
Not reported 0 0 0 0
Other properties 23 0 23 0
Not reported 53 53 0 0

Caps on Interest Rate Over Life of ARM

Properties with adjustable
rate first mortgage
7 0 0 7
Less than 1 percent 0 0 0 0
1 percent 0 0 0 0
1.1 to 1.9 percent 0 0 0 0
2 percent 0 0 0 0
2.1 to 2.9 percent 0 0 0 0
3 percent 0 0 0 0
3.1 to 3.9 percent 0 0 0 0
4.0 percent or more 7 0 0 7
No caps 0 0 0 0
Not reported 0 0 0 0
Other properties 23 0 23 0
Not reported 53 53 0 0

Interest Rate Changed Since
Mortgage Made

Properties with adjustable
rate first mortgage
7 0 0 7
Yes, rate has changed 7 0 0 7
No change since mortgage made 0 0 0 0
Not reported 0 0 0 0
Other properties 23 0 23 0
Not reported 53 53 0 0

Percentage of Margin Over Index on ARM

Properties with adjustable rate
first mortgage
7 0 0 7
Less than 1 percent 0 0 0 0
1 percent 0 0 0 0
1.1 to 1.9 percent 0 0 0 0
2 percent 0 0 0 0
2.1 to 2.9 percent 7 0 0 7
3 percent 0 0 0 0
3.1 to 3.9 percent 0 0 0 0
4 percent 0 0 0 0
4.1 to 4.9 percent 0 0 0 0
5 percent or more 0 0 0 0
Not reported 0 0 0 0
Median 2.6 0.0 0.0 2.6
Other properties 23 0 23 0
Not reported 53 53 0 0

ARM Convertible to Fixed Rate Mortgage

Properties with adjustable rate
first mortgage
7 0 0 7
Can be converted 7 0 0 7
Cannot be converted 0 0 0 0
Not reported 0 0 0 0
Other properties 23 0 23 0
Not reported 53 53 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
30 0 23 7
Not reported 53 53 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 30 0 23 7
Not reported 53 53 0 0

MORTGAGE PAYMENTS AND OTHER EXPENSES


Method of Payment of First Mortgage

Regular payments of interest
and/or principal
22 0 15 7
Interest and principal 22 0 15 7
Fully amortized 22 0 15 7
Not fully amortized 0 0 0 0
Interest only 0 0 0 0
No regular payments required 0 0 0 0
Not reported 62 53 8 0

Items Included in First Mortgage
Payment@1

Regular monthly payments of
both interest and principal
22 0 15 7
Real estate taxes 13 0 7 7
Property insurance 0 0 0 0
Mortgage insurance 0 0 0 0
Other 7 0 7 0
No items included or not reported 8 0 8 0
No regular payments of interest
and principal
62 53 8 0

Monthly Interest and Principal Payments
on First Mortgage

Regular monthly payments of
interest and/or principal
22 0 15 7
Less than $50 0 0 0 0
$50 to $99 0 0 0 0
$100 to $199 0 0 0 0
$200 to $299 0 0 0 0
$300 to $399 7 0 0 7
$400 to $499 7 0 7 0
$500 to $599 0 0 0 0
$600 to $699 0 0 0 0
$700 to $799 8 0 8 0
$800 to $899 0 0 0 0
$900 to $999 0 0 0 0
$1,000 or more 0 0 0 0
Median 463 50- 710 350
Mean 526 0 616 321
No regular payments required 0 0 0 0
Not reported 62 53 8 0

Current First Mortgage Payment Status

Regular monthly payments of
principal and/or interest
83 53 23 7
Up-to-date, ahead of schedule, or
less than 90 days past due
13 0 7 7
Delinquent by 90 days or more 0 0 0 0
Legal proceedings have begun 0 0 0 0
Legal proceedings have not begun 0 0 0 0
Not reported 0 0 0 0
Not reported 70 53 17 0
Other properties 0 0 0 0

Monthly Interest and Principal Payments
on Total Mortgages

Regular monthly payments of
interest and/or principal
71 49 15 7
Less than $50 0 0 0 0
$50 to $99 0 0 0 0
$100 to $199 0 0 0 0
$200 to $299 8 8 0 0
$300 to $399 43 36 0 7
$400 to $499 7 0 7 0
$500 to $599 0 0 0 0
$600 to $699 0 0 0 0
$700 to $799 8 0 8 0
$800 to $899 0 0 0 0
$900 to $999 0 0 0 0
$1,000 or more 4 4 0 0
Median 362 344 710 350
Mean 497 485 616 321
No regular monthly payments
required
13 4 8 0

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

Acquired before 2000 and
regular payments of interest
and/or princi
22 0 15 7
Less than 20 percent 0 0 0 0
20 to 29 percent 8 0 8 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 7 0 7 0
80 to 89 percent 7 0 0 7
90 to 99 percent 0 0 0 0
100 percent or more 0 0 0 0
Not reported or not computed 0 0 0 0
Median 73.6 19.5- 28.9 85.0
Other properties 62 53 8 0

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

Acquired before 2000 and regular
payments of interest and/or
principal
71 49 15 7
Less than 20 percent 0 0 0 0
20 to 29 percent 8 0 8 0
30 to 39 percent 0 0 0 0
40 to 49 percent 8 8 0 0
50 to 59 percent 0 0 0 0
60 to 69 percent 13 13 0 0
70 to 79 percent 7 0 7 0
80 to 89 percent 7 0 0 7
90 to 99 percent 0 0 0 0
100 percent or more 17 17 0 0
Not reported or not computed 11 11 0 0
Median 70.4 68.3 28.9 85.0
Other properties 13 4 8 0

Real Estate Tax Per $1,000 Value

Acquired before 2000
83 53 23 7
Less than $5 8 8 0 0
$5 to $9 32 24 8 0
$10 to $14 11 4 7 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 8 8 0 0
$50 to $59 8 0 8 0
$60 or more 11 4 0 7
Not reported or not computed 4 4 0 0
Median 9 8 12 60+
Acquired 2000 and 2001 (part) 0 0 0 0

Real Estate Tax as Percent of Rental
Receipts

Acquired before 2000
83 53 23 7
Less than 5 percent 38 21 17 0
5 to 9 percent 23 17 7 0
10 to 14 percent 4 4 0 0
15 to 19 percent 0 0 0 0
20 to 24 percent 0 0 0 0
25 to 29 percent 0 0 0 0
30 to 34 percent 0 0 0 0
35 to 39 percent 0 0 0 0
40 percent or more 7 0 0 7
Not reported or not computed 11 11 0 0
Median 5- 5- 5- 40+
Acquired 2000 and 2001 (part) 0 0 0 0

Rental and vacant mobile homes
with installment loan
62 53 8 0

INSTALLMENT LOAN CHARACTERISTICS


Year Installment Loan Made

1999 to 2001(part)
15 15 0 0
1997 to 1998 21 21 0 0
1995 to 1996 0 0 0 0
1990 to 1994 21 13 8 0
1985 to 1989 4 4 0 0
1980 to 1984 0 0 0 0
1979 or earlier 0 0 0 0

Installment Loan Outstanding Debt

Less than $5,000
0 0 0 0
$5,000 to $9,999 0 0 0 0
$10,000 to $14,999 0 0 0 0
$15,000 to $19,999 0 0 0 0
$20,000 to $29,999 0 0 0 0
$30,000 to $39,999 36 36 0 0
$40,000 to $49,999 21 13 8 0
$50,000 to $59,999 0 0 0 0
$60,000 to $79,999 0 0 0 0
$80,000 to $99,999 4 4 0 0
$100,000 or more 0 0 0 0
Median 38525 37358 45000 5000-
Mean 40811 39512 49000 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 45 37 8 0
8.0 percent 0 0 0 0
8.1 to 9.9 percent 17 17 0 0
10.0 percent 0 0 0 0
10.1 to 10.9 percent 0 0 0 0
11.0 percent 0 0 0 0
11.1 percent to 11.9 percent 0 0 0 0
12.0 percent or more 0 0 0 0
Median 61.7 53.3 8.5 0.0

Holder of Installment Loan

Commercial bank or trust company
8 0 8 0
Savings and loan association, federal
savings bank
7 7 0 0
Mutual savings bank 0 0 0 0
Credit union 0 0 0 0
Finance company 46 46 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/
49 49 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 8 8 0 0
$300 to $399 36 36 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 4 4 0 0
Median 344 344 50- 50-
Mean 485 485 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
62 53 8 0

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