Residential Finance Survey |
|
Properties with government-insured or guaranteed first mortgage | |||||||
---|---|---|---|---|---|---|---|
Total mortgaged properties |
FHA first mortgage |
VA first mortgage |
Rural Housing Service- Rural Development first mortgage |
Other insured or guaranteed properties@4 |
Properties with privately-insured first mortgage |
Not insured | |
1-housing-unit properties with traditional first mortgage |
9042 | 815 | 200 | 157 | 182 | 997 | 6690 |
PROPERTY CHARACTERISTICS Property Location by Geographic Area Inside MAs |
7065 | 675 | 164 | 104 | 155 | 753 | 5213 |
In central cities | 2063 | 284 | 80 | 39 | 39 | 283 | 1339 |
Not in central cities | 5002 | 392 | 85 | 65 | 116 | 470 | 3875 |
Outside MAs | 1977 | 140 | 36 | 53 | 27 | 244 | 1477 |
Manner of Acquisition By purchase |
8883 | 806 | 190 | 153 | 177 | 975 | 6580 |
Placed one new mortgage | 8409 | 788 | 185 | 146 | 168 | 952 | 6170 |
Placed two or more new mortgages | 121 | 2 | 0 | 4 | 3 | 2 | 109 |
Assumed mortgage(s) already on property | 166 | 12 | 6 | 4 | 6 | 9 | 130 |
Assumed mortgage(s) already on property and placed new mortgage |
22 | 0 | 0 | 0 | 0 | 4 | 19 |
Borrowed using assets other than this property as collateral |
43 | 4 | 0 | 0 | 0 | 0 | 40 |
Paid all cash-no borrowing | 108 | 0 | 0 | 0 | 0 | 9 | 99 |
Other manner | 14 | 0 | 0 | 0 | 0 | 0 | 14 |
By inheritance or gift | 64 | 9 | 4 | 0 | 0 | 4 | 48 |
By divorce | 27 | 0 | 6 | 0 | 0 | 0 | 21 |
By some other manner | 7 | 0 | 0 | 0 | 0 | 0 | 7 |
Not reported | 61 | 0 | 0 | 4 | 5 | 18 | 34 |
Source of Downpayment@1 Properties purchased 1995 to 2001 (part) |
4706 | 513 | 99 | 66 | 101 | 717 | 3210 |
Sale of previous home | 1723 | 60 | 16 | 14 | 31 | 237 | 1364 |
Sale of other real property or other investments |
183 | 25 | 0 | 4 | 4 | 36 | 115 |
Savings | 2253 | 280 | 32 | 18 | 46 | 425 | 1451 |
Borrowing from a retirement plan | 166 | 29 | 5 | 4 | 0 | 22 | 105 |
Borrowing using assets other than this property as collateral |
139 | 26 | 7 | 0 | 15 | 10 | 82 |
Proceeds from an insurance policy | 38 | 0 | 0 | 0 | 0 | 7 | 32 |
Payments in a lease-purchase agreement | 51 | 9 | 0 | 3 | 0 | 0 | 39 |
From a state or local government source | 51 | 9 | 3 | 0 | 0 | 7 | 31 |
From a non-profit organization | 9 | 0 | 0 | 0 | 0 | 0 | 9 |
From parents or relatives | 400 | 66 | 15 | 8 | 8 | 76 | 226 |
Other | 18 | 0 | 0 | 0 | 5 | 6 | 7 |
No downpayment required | 324 | 54 | 30 | 15 | 10 | 28 | 188 |
Not reported | 105 | 14 | 0 | 7 | 0 | 12 | 72 |
Other properties | 4298 | 303 | 102 | 87 | 76 | 268 | 3463 |
Not reported | 37 | 0 | 0 | 4 | 5 | 12 | 17 |
Year Property Acquired 1999 to 2001 (part) |
2148 | 262 | 30 | 41 | 55 | 353 | 1408 |
1997 and 1998 | 1538 | 186 | 43 | 17 | 27 | 223 | 1042 |
1995 and 1996 | 1115 | 74 | 32 | 12 | 25 | 154 | 818 |
1990 to 1994 | 1783 | 142 | 30 | 23 | 37 | 133 | 1418 |
1985 to 1989 | 1083 | 76 | 29 | 30 | 19 | 68 | 860 |
1980 to 1984 | 487 | 27 | 4 | 26 | 3 | 20 | 407 |
1975 to 1979 | 534 | 38 | 23 | 9 | 13 | 29 | 423 |
1970 to 1974 | 199 | 11 | 9 | 0 | 0 | 17 | 162 |
1969 or earlier | 155 | 0 | 0 | 0 | 3 | 0 | 152 |
Building and Land Acquisition Acquired at same time |
8264 | 773 | 200 | 126 | 163 | 938 | 6064 |
Not acquired at same time | 631 | 15 | 0 | 12 | 14 | 48 | 541 |
Land not owned by building owner | 87 | 12 | 0 | 8 | 5 | 7 | 55 |
Not reported | 60 | 15 | 0 | 11 | 0 | 4 | 30 |
Property New or Previously Occupied When Acquired Acquired by purchase |
8883 | 806 | 190 | 153 | 177 | 975 | 6580 |
New | 1831 | 57 | 21 | 44 | 34 | 169 | 1504 |
Previously occupied by someone else | 7017 | 745 | 166 | 109 | 143 | 806 | 5048 |
Converted from non-residential use | 3 | 0 | 0 | 0 | 0 | 0 | 3 |
Other | 8 | 0 | 0 | 0 | 0 | 0 | 8 |
Not reported | 24 | 4 | 3 | 0 | 0 | 0 | 17 |
Other properties | 98 | 9 | 10 | 0 | 0 | 4 | 75 |
Not reported | 61 | 0 | 0 | 4 | 5 | 18 | 34 |
Year Structure Built 1999 to March 2000 |
450 | 43 | 0 | 22 | 9 | 71 | 305 |
1997 and 1998 | 388 | 31 | 9 | 9 | 7 | 50 | 282 |
1995 and 1996 | 446 | 17 | 9 | 4 | 0 | 56 | 360 |
1990 to 1994 | 798 | 45 | 28 | 8 | 16 | 76 | 624 |
1980 to 1989 | 1182 | 74 | 13 | 36 | 32 | 121 | 907 |
1970 to 1979 | 1374 | 146 | 22 | 25 | 27 | 147 | 1008 |
1960 to 1969 | 945 | 74 | 24 | 8 | 29 | 100 | 710 |
1950 to 1959 | 1291 | 175 | 43 | 16 | 37 | 146 | 873 |
1940 to 1949 | 662 | 88 | 19 | 10 | 12 | 80 | 451 |
1939 or earlier | 1507 | 122 | 33 | 19 | 13 | 151 | 1169 |
Purchase Price Properties acquired by purchase 1997 to 2001 (part) |
3598 | 442 | 67 | 54 | 76 | 567 | 2392 |
Less than $20,000 | 73 | 12 | 0 | 5 | 0 | 8 | 48 |
$20,000 to $39,999 | 250 | 47 | 4 | 3 | 9 | 26 | 160 |
$40,000 to $59,999 | 341 | 30 | 0 | 14 | 4 | 42 | 250 |
$60,000 to $79,999 | 490 | 74 | 7 | 14 | 14 | 86 | 295 |
$80,000 to $99,999 | 450 | 119 | 13 | 0 | 7 | 73 | 238 |
$100,000 to $124,999 | 426 | 52 | 20 | 7 | 0 | 77 | 270 |
$125,000 to $149,999 | 447 | 58 | 12 | 0 | 25 | 107 | 244 |
$150,000 to $174,999 | 300 | 22 | 4 | 0 | 5 | 52 | 218 |
$175,000 to $199,999 | 194 | 7 | 7 | 0 | 5 | 19 | 155 |
$200,000 to $249,999 | 253 | 13 | 0 | 0 | 0 | 25 | 216 |
$250,000 to $299,999 | 140 | 4 | 0 | 6 | 4 | 23 | 103 |
$300,000 to $499,999 | 186 | 4 | 0 | 4 | 0 | 25 | 153 |
$500,000 or more | 48 | 0 | 0 | 0 | 4 | 5 | 40 |
Median | 111457 | 89712 | 111743 | 65435 | 129662 | 115877 | 118869 |
Mean | 135449 | 96215 | 111726 | 101628 | 148931 | 132224 | 144458 |
Other properties | 5444 | 374 | 133 | 103 | 106 | 430 | 4298 |
Value Less than $20,000 |
98 | 17 | 0 | 5 | 0 | 14 | 62 |
$20,000 to $39,999 | 332 | 41 | 11 | 14 | 14 | 41 | 210 |
$40,000 to $59,999 | 676 | 84 | 14 | 22 | 18 | 71 | 469 |
$60,000 to $79,999 | 1010 | 104 | 38 | 14 | 20 | 131 | 703 |
$80,000 to $99,999 | 1317 | 184 | 32 | 23 | 27 | 132 | 919 |
$100,000 to $124,999 | 1221 | 105 | 36 | 25 | 17 | 151 | 887 |
$125,000 to $149,999 | 1024 | 104 | 39 | 9 | 44 | 134 | 694 |
$150,000 to $174,999 | 871 | 66 | 16 | 4 | 9 | 93 | 684 |
$175,000 to $199,999 | 648 | 39 | 4 | 11 | 11 | 67 | 517 |
$200,000 to $249,999 | 754 | 31 | 7 | 13 | 11 | 80 | 612 |
$250,000 to $299,999 | 379 | 30 | 0 | 6 | 4 | 17 | 322 |
$300,000 to $499,999 | 522 | 12 | 0 | 13 | 4 | 46 | 449 |
$500,000 or more | 190 | 0 | 4 | 0 | 4 | 21 | 161 |
Median | 122264 | 97599 | 103426 | 101024 | 116787 | 118316 | 128384 |
Mean | 147925 | 111215 | 111048 | 134206 | 136097 | 141733 | 155069 |
Purchase Price as Percent of Value@8 Acquired by purchase |
8883 | 806 | 190 | 153 | 177 | 975 | 6580 |
Purchased 1997 to 2001 (part) | 3598 | 442 | 67 | 54 | 76 | 567 | 2392 |
Less than 60 percent | 346 | 30 | 0 | 5 | 7 | 27 | 277 |
60 to 69 percent | 244 | 16 | 0 | 5 | 5 | 13 | 204 |
70 to 79 percent | 434 | 65 | 20 | 9 | 4 | 65 | 271 |
80 to 99 percent | 1940 | 242 | 31 | 16 | 42 | 378 | 1230 |
100 percent or more | 630 | 88 | 15 | 19 | 18 | 84 | 406 |
Median | 88 | 89 | 88 | 90 | 90 | 89 | 87 |
Purchased 1990 to 1996 (part) | 2871 | 212 | 62 | 35 | 62 | 277 | 2223 |
Less than 40 percent | 190 | 5 | 0 | 0 | 0 | 24 | 162 |
40 to 59 percent | 514 | 32 | 0 | 0 | 15 | 43 | 425 |
60 to 79 percent | 1047 | 88 | 30 | 21 | 17 | 90 | 801 |
80 to 99 percent | 830 | 69 | 18 | 9 | 12 | 103 | 620 |
100 percent or more | 280 | 18 | 14 | 5 | 18 | 18 | 207 |
Median | 74 | 76 | 81 | 77 | 79 | 76 | 73 |
Purchased 1989 or earlier | 2414 | 152 | 62 | 65 | 39 | 131 | 1966 |
Less than 20 percent | 252 | 10 | 4 | 9 | 0 | 0 | 229 |
20 to 39 percent | 633 | 23 | 25 | 9 | 11 | 9 | 557 |
40 to 59 percent | 713 | 41 | 13 | 14 | 11 | 63 | 571 |
60 to 79 percent | 432 | 47 | 12 | 13 | 0 | 24 | 336 |
80 to 99 percent | 106 | 13 | 3 | 16 | 0 | 3 | 70 |
100 percent or more | 275 | 19 | 5 | 4 | 17 | 31 | 199 |
Median | 49 | 61 | 44 | 61 | 56 | 58 | 47 |
Not acquired by purchase | 159 | 9 | 10 | 4 | 5 | 21 | 110 |
Value-Income Ratio Less than 1.0 |
659 | 60 | 16 | 5 | 14 | 88 | 476 |
1.0 to 1.4 | 1288 | 122 | 39 | 19 | 29 | 129 | 950 |
1.5 to 1.9 | 1946 | 165 | 45 | 35 | 85 | 273 | 1343 |
2.0 to 2.4 | 1516 | 164 | 30 | 30 | 8 | 226 | 1058 |
2.5 to 2.9 | 986 | 85 | 16 | 12 | 9 | 94 | 771 |
3.0 to 3.4 | 612 | 58 | 12 | 8 | 9 | 59 | 465 |
3.5 to 3.9 | 439 | 35 | 12 | 3 | 3 | 33 | 352 |
4.0 or more | 955 | 80 | 14 | 22 | 16 | 50 | 773 |
Not reported or not computed | 640 | 48 | 15 | 22 | 9 | 45 | 501 |
Median | 2.1 | 2.1 | 1.9 | 2.1 | 1.8 | 2.0 | 2.2 |
Value of Capital Improvements Properties with capital improvements between 1998 and 2000 |
5533 | 473 | 109 | 59 | 96 | 611 | 4185 |
Less than $500 | 103 | 19 | 4 | 0 | 4 | 12 | 65 |
$500 to $999 | 186 | 14 | 3 | 0 | 7 | 19 | 143 |
$1,000 to $2,499 | 834 | 50 | 21 | 6 | 27 | 78 | 651 |
$2,500 to $4,999 | 1061 | 123 | 36 | 13 | 17 | 149 | 723 |
$5,000 to $7,499 | 1014 | 103 | 10 | 3 | 14 | 143 | 741 |
$7,500 to $9,999 | 327 | 11 | 4 | 0 | 3 | 33 | 277 |
$10,000 to $14,999 | 681 | 68 | 5 | 3 | 9 | 88 | 507 |
$15,000 to $19,999 | 359 | 32 | 4 | 0 | 3 | 29 | 291 |
$20,000 to $29,999 | 545 | 21 | 13 | 27 | 3 | 42 | 439 |
$30,000 or more | 423 | 34 | 11 | 5 | 7 | 18 | 347 |
Median | 6435 | 5756 | 4402 | 21130 | 3962 | 5832 | 6719 |
Mean | 11001 | 8713 | 9400 | 15260 | 8818 | 8482 | 11660 |
Properties with no capital improvements between 1998 and 2000 |
2781 | 261 | 87 | 62 | 51 | 315 | 2004 |
Capital improvements not reported |
728 | 81 | 3 | 36 | 35 | 71 | 501 |
Age Restrictions Property located in subdivision restricted to people age 55 or older |
473 | 29 | 4 | 3 | 14 | 41 | 382 |
Property located in subdivision not restricted to people age 55 or older |
8226 | 756 | 191 | 137 | 154 | 935 | 6054 |
Not reported | 343 | 30 | 6 | 17 | 14 | 21 | 255 |
Neighborhood Composition Property located in subdivision or neighborhood occupied predominantly by people age 55 or older |
652 | 74 | 22 | 10 | 18 | 42 | 486 |
Property located in subdivision or neighborhood not occupied predominantly by people age 55 or older |
6125 | 534 | 140 | 103 | 91 | 700 | 4558 |
Don't know or not reported | 2264 | 208 | 38 | 44 | 74 | 254 | 1647 |
Type of Property Benefits@1 Government-sponsored below-market interest rate mortgage loan |
76 | 26 | 3 | 9 | 4 | 4 | 30 |
Other government grant or subsidy | 53 | 7 | 0 | 5 | 0 | 7 | 34 |
Property tax relief | 277 | 22 | 3 | 0 | 0 | 29 | 223 |
Subsidy from a non-profit corporation | 3 | 0 | 0 | 0 | 0 | 0 | 3 |
None of the above benefits | 7107 | 547 | 149 | 103 | 134 | 772 | 5402 |
Not reported | 1530 | 213 | 45 | 40 | 44 | 186 | 1002 |
Source of Property Benefits@1 With property benefits |
404 | 55 | 7 | 14 | 4 | 39 | 286 |
Federal government | 63 | 20 | 0 | 14 | 4 | 4 | 21 |
State government | 210 | 19 | 3 | 0 | 0 | 32 | 155 |
Local government | 86 | 11 | 3 | 0 | 0 | 4 | 68 |
Non-profit corporation | 3 | 0 | 0 | 0 | 0 | 0 | 3 |
Not reported | 51 | 5 | 0 | 0 | 0 | 4 | 42 |
With no property benefits | 7107 | 547 | 149 | 103 | 134 | 772 | 5402 |
Not reported | 1530 | 213 | 45 | 40 | 44 | 186 | 1002 |
Reason for Benefits@1 With property benefits |
404 | 55 | 7 | 14 | 4 | 39 | 286 |
Occupied by low- or moderate-income individuals |
102 | 25 | 3 | 9 | 0 | 10 | 55 |
Occupied by elderly or disabled individuals |
28 | 0 | 0 | 5 | 0 | 0 | 22 |
A historic structure | 7 | 0 | 0 | 0 | 0 | 4 | 4 |
Located in a community development or economic development area |
38 | 7 | 0 | 0 | 0 | 0 | 31 |
Covered by a Homestead Exemption | 215 | 18 | 3 | 0 | 0 | 16 | 177 |
Covered by a Community Land Trust | 5 | 0 | 0 | 0 | 0 | 0 | 5 |
Covered by disaster relief | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other reason | 56 | 8 | 3 | 5 | 4 | 13 | 24 |
Not reported | 17 | 0 | 0 | 0 | 0 | 0 | 17 |
With no property benefits | 7107 | 547 | 149 | 103 | 134 | 772 | 5402 |
Not reported | 1530 | 213 | 45 | 40 | 44 | 186 | 1002 |
OWNER CHARACTERISTICS Owner Status 1 owner |
2892 | 327 | 80 | 61 | 55 | 310 | 2059 |
2 owners | 6063 | 465 | 121 | 96 | 128 | 668 | 4586 |
3 or more owners | 88 | 24 | 0 | 0 | 0 | 19 | 45 |
Age of Owner Under 25 |
89 | 22 | 0 | 0 | 4 | 15 | 48 |
25 to 34 | 1513 | 201 | 26 | 27 | 24 | 261 | 974 |
35 to 44 | 2625 | 214 | 62 | 40 | 63 | 334 | 1912 |
45 to 54 | 2628 | 199 | 43 | 37 | 54 | 234 | 2062 |
55 to 64 | 1194 | 93 | 49 | 14 | 19 | 82 | 936 |
65 to 74 | 402 | 38 | 9 | 14 | 4 | 18 | 319 |
75 and over | 126 | 11 | 4 | 3 | 0 | 4 | 104 |
Not reported | 465 | 38 | 7 | 23 | 14 | 50 | 334 |
Median | 45 | 43 | 47 | 45 | 44 | 41 | 46 |
Race of Owner White alone |
8299 | 700 | 178 | 153 | 157 | 926 | 6185 |
Black or African American alone | 474 | 86 | 22 | 4 | 11 | 54 | 296 |
American Indian or Alaska Native alone | 26 | 11 | 0 | 0 | 4 | 0 | 12 |
Asian alone | 161 | 12 | 0 | 0 | 11 | 14 | 124 |
Native Hawaiian or Other Pacific Islander alone |
9 | 0 | 0 | 0 | 0 | 0 | 9 |
Two or more races | 73 | 6 | 0 | 0 | 0 | 3 | 64 |
Sex of Owner Male/Male and female co-owners |
7537 | 629 | 173 | 120 | 157 | 842 | 5616 |
Female | 1504 | 186 | 28 | 37 | 25 | 155 | 1074 |
Hispanic/Latino Origin Hispanic/Latino owner(s) only |
379 | 95 | 4 | 11 | 0 | 24 | 245 |
No Hispanic/Latino owner(s) | 8663 | 720 | 196 | 146 | 182 | 973 | 6445 |
Veteran Status@1 Veteran |
1734 | 130 | 127 | 21 | 33 | 152 | 1271 |
Active member of Reserves or National Guard for at least 6 years |
263 | 21 | 9 | 0 | 3 | 25 | 205 |
Persian Gulf War or after (August 1990 to present) |
181 | 24 | 35 | 0 | 9 | 22 | 92 |
Vietnam or after (August 1964 to July 1990) |
1073 | 95 | 93 | 18 | 25 | 88 | 754 |
Korean conflict or after (July 1950 to July 1964) |
304 | 28 | 10 | 0 | 0 | 22 | 243 |
World War II or after (September 1940 to June 1950) |
106 | 9 | 0 | 3 | 0 | 9 | 86 |
Nonveteran | 6830 | 659 | 59 | 116 | 131 | 799 | 5065 |
Not reported | 478 | 25 | 14 | 20 | 18 | 46 | 354 |
Income Less than $5,000 |
683 | 52 | 15 | 22 | 9 | 45 | 540 |
$5,000 to $9,999 | 69 | 15 | 0 | 0 | 0 | 6 | 49 |
$10,000 to $14,999 | 171 | 20 | 12 | 13 | 5 | 0 | 121 |
$15,000 to $19,999 | 194 | 13 | 0 | 7 | 0 | 20 | 155 |
$20,000 to $24,999 | 354 | 35 | 6 | 18 | 11 | 25 | 260 |
$25,000 to $29,999 | 347 | 54 | 11 | 7 | 9 | 30 | 236 |
$30,000 to $34,999 | 443 | 65 | 16 | 18 | 5 | 52 | 287 |
$35,000 to $39,999 | 448 | 94 | 17 | 3 | 0 | 32 | 302 |
$40,000 to $49,999 | 1063 | 120 | 20 | 4 | 30 | 187 | 703 |
$50,000 to $59,999 | 1008 | 92 | 24 | 19 | 18 | 114 | 742 |
$60,000 to $79,999 | 1731 | 124 | 43 | 7 | 36 | 218 | 1301 |
$80,000 to $99,999 | 963 | 62 | 14 | 9 | 33 | 114 | 730 |
$100,000 to $119,999 | 580 | 27 | 15 | 15 | 9 | 45 | 470 |
$120,000 or more | 987 | 44 | 7 | 14 | 16 | 109 | 796 |
Median | 57418 | 45077 | 51299 | 33080 | 62169 | 59025 | 59352 |
Mean | 68473 | 52513 | 61950 | 53655 | 66620 | 68871 | 70953 |
Owned Home Previously Previously owned home |
5117 | 319 | 79 | 54 | 92 | 559 | 4014 |
Never owned home before | 3592 | 470 | 118 | 81 | 72 | 410 | 2441 |
Not reported | 333 | 26 | 3 | 22 | 18 | 28 | 235 |
MORTGAGE CHARACTERISTICS Number of Mortgages 1 mortgage |
6499 | 639 | 129 | 126 | 141 | 732 | 4732 |
2 mortgages | 2240 | 144 | 68 | 31 | 37 | 227 | 1732 |
3 or more mortgages | 303 | 32 | 4 | 0 | 4 | 37 | 226 |
Form of Debt of First Mortgage Mortgage or deed of trust |
9042 | 815 | 200 | 157 | 182 | 997 | 6690 |
Contract to purchase | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Some other loan secured by this property | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Method of Loan Application By computer over the Internet or by e-mail |
37 | 0 | 0 | 0 | 0 | 4 | 33 |
By telephone or FAX | 908 | 38 | 19 | 14 | 23 | 110 | 705 |
By regular mail | 130 | 18 | 3 | 7 | 3 | 21 | 76 |
By personal visit | 6124 | 505 | 137 | 107 | 120 | 618 | 4638 |
Through third party (such as real estate agent or builder) |
1186 | 202 | 34 | 19 | 16 | 200 | 715 |
Some other way | 33 | 6 | 0 | 5 | 3 | 0 | 18 |
Not reported | 558 | 37 | 8 | 4 | 11 | 44 | 454 |
Not available | 66 | 8 | 0 | 0 | 6 | 0 | 51 |
Origin of First Mortgage Mortgage made at time property acquired |
6323 | 702 | 154 | 132 | 141 | 792 | 4402 |
Mortgage assumed at the time property acquired |
134 | 12 | 0 | 0 | 6 | 4 | 113 |
Mortgage placed later than acquisition of property |
2585 | 102 | 46 | 25 | 36 | 201 | 2175 |
Refinanced mortgage | 2379 | 88 | 46 | 25 | 32 | 185 | 2002 |
Same lender | 785 | 31 | 25 | 7 | 9 | 56 | 657 |
Different lender | 1594 | 57 | 22 | 18 | 23 | 129 | 1345 |
Mortgage placed on property owned free and clear of debt |
207 | 14 | 0 | 0 | 3 | 16 | 174 |
Not available | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Purpose of First Mortgage Placed Later Than Acquisition of Property Properties on which mortgages placed later than acquisition of property |
2585 | 102 | 46 | 25 | 36 | 201 | 2175 |
Obtain lower interest rate | 1535 | 66 | 29 | 25 | 20 | 118 | 1277 |
Increase payment period for mortgage | 31 | 0 | 0 | 0 | 0 | 7 | 23 |
Reduce payment period for mortgage | 56 | 0 | 0 | 0 | 0 | 4 | 52 |
Renew or extend loan that had fallen due, without increasing outstanding balance |
41 | 3 | 0 | 0 | 3 | 0 | 34 |
Receive cash or increase outstanding balance of loan |
729 | 19 | 11 | 0 | 7 | 47 | 646 |
Other reason | 101 | 0 | 0 | 0 | 6 | 11 | 84 |
Not reported | 92 | 13 | 6 | 0 | 0 | 13 | 59 |
Other properties | 6456 | 714 | 154 | 132 | 146 | 796 | 4515 |
Not available | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash Received From Refinancing or Placing Mortgage on Property Owned Free and Clear Properties on which cash received |
1116 | 46 | 24 | 4 | 20 | 85 | 936 |
Less than $20,000 | 520 | 37 | 11 | 4 | 9 | 49 | 410 |
$20,000 to $39,999 | 337 | 5 | 6 | 0 | 7 | 20 | 299 |
$40,000 to $59,999 | 104 | 0 | 4 | 0 | 0 | 4 | 97 |
$60,000 to $79,999 | 61 | 4 | 0 | 0 | 3 | 13 | 41 |
$80,000 to $99,999 | 27 | 0 | 0 | 0 | 0 | 0 | 27 |
$100,000 to $124,999 | 24 | 0 | 3 | 0 | 0 | 0 | 20 |
$125,000 to $149,999 | 5 | 0 | 0 | 0 | 0 | 0 | 5 |
$150,000 to $174,999 | 13 | 0 | 0 | 0 | 0 | 0 | 13 |
$175,000 to $199,999 | 11 | 0 | 0 | 0 | 0 | 0 | 11 |
$200,000 to $249,999 | 8 | 0 | 0 | 0 | 0 | 0 | 8 |
$250,000 to $299,999 | 6 | 0 | 0 | 0 | 0 | 0 | 6 |
$300,000 or more | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Median | 22213 | 12326 | 24185 | 10000 | 21555 | 17477 | 23868 |
Mean | 31592 | 15952 | 34856 | 9636 | 23865 | 23106 | 33298 |
Properties that refinanced and did not receive cash back |
1240 | 50 | 22 | 18 | 16 | 107 | 1027 |
Properties that refinanced and did not report if received cash back |
230 | 5 | 0 | 3 | 0 | 9 | 212 |
Properties that did not refinance |
6456 | 714 | 154 | 132 | 146 | 796 | 4515 |
Not available | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Use of Cash From Refinancing or Placing Mortgage on Property Owned Free and Clear Properties on which cash received@1 |
1116 | 46 | 24 | 4 | 20 | 85 | 936 |
For additions, improvements or repairs to this property |
620 | 23 | 12 | 0 | 20 | 60 | 505 |
To consolidate debts | 481 | 29 | 6 | 4 | 13 | 40 | 389 |
For investment in other real estate | 72 | 0 | 0 | 0 | 0 | 0 | 72 |
For other types of investments | 52 | 5 | 0 | 0 | 0 | 3 | 44 |
For educational or medical expenses | 76 | 4 | 0 | 0 | 0 | 0 | 72 |
To start a business | 30 | 4 | 6 | 0 | 0 | 0 | 20 |
To settle a divorce | 54 | 0 | 0 | 0 | 0 | 0 | 54 |
To pay taxes | 37 | 0 | 0 | 0 | 0 | 0 | 37 |
To purchase an automobile, truck, or other vehicle |
94 | 0 | 4 | 0 | 0 | 15 | 75 |
To purchase consumer product other than automobile, truck, or other vehicle |
33 | 0 | 0 | 0 | 0 | 4 | 29 |
Other | 21 | 5 | 0 | 0 | 0 | 0 | 15 |
Not reported | 9 | 0 | 0 | 0 | 0 | 0 | 9 |
Properties that refinanced and did not receive cash back |
1240 | 50 | 22 | 18 | 16 | 107 | 1027 |
Properties that refinanced and did not report if received cash back |
230 | 5 | 0 | 3 | 0 | 9 | 212 |
Properties that did not refinance |
6456 | 714 | 154 | 132 | 146 | 796 | 4515 |
Not available | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Purpose of Second Mortgage Properties with second mortgage |
1003 | 78 | 41 | 13 | 10 | 97 | 763 |
Provide funds for the purchase of this property |
79 | 2 | 0 | 0 | 0 | 0 | 76 |
Provide funds for additions, improvements or repairs to this property |
228 | 20 | 16 | 9 | 0 | 27 | 155 |
Provide funds for consolidation of debts | 225 | 15 | 16 | 0 | 0 | 30 | 163 |
Provide funds for investment in other real estate |
14 | 0 | 0 | 0 | 0 | 0 | 14 |
Provide funds for other types of investments |
11 | 0 | 0 | 4 | 0 | 0 | 7 |
Provide funds for educational or medical expenses |
17 | 0 | 4 | 0 | 0 | 0 | 14 |
Provide funds for starting a business | 18 | 0 | 0 | 0 | 4 | 0 | 14 |
Provide funds to settle a divorce | 10 | 0 | 0 | 0 | 0 | 0 | 10 |
Provide funds to pay taxes | 4 | 0 | 0 | 0 | 0 | 0 | 4 |
Provide funds to purchase automobile, truck, or vehicle |
49 | 0 | 6 | 0 | 3 | 4 | 36 |
Provide funds to purchase another type of consumer product |
9 | 0 | 0 | 0 | 0 | 0 | 9 |
Other reasons | 9 | 5 | 0 | 0 | 0 | 0 | 4 |
Not reported | 331 | 36 | 0 | 0 | 3 | 35 | 257 |
Other properties | 8038 | 737 | 159 | 144 | 172 | 900 | 5927 |
Purpose of Home Equity Line of Credit Properties with home equity line of credit |
1838 | 130 | 34 | 18 | 34 | 201 | 1420 |
Provide funds for additions, improvements or repairs to this property |
636 | 49 | 14 | 13 | 12 | 77 | 471 |
Provide funds for consolidation of debts | 316 | 26 | 0 | 5 | 3 | 35 | 246 |
Provide funds for investment in other real estate |
33 | 0 | 0 | 0 | 0 | 0 | 33 |
Provide funds for other types of investments |
49 | 4 | 0 | 0 | 4 | 7 | 34 |
Provide funds for educational or medical expenses |
26 | 4 | 0 | 0 | 0 | 6 | 17 |
Provide funds for starting a business | 24 | 0 | 5 | 0 | 3 | 4 | 11 |
Provide funds to settle a divorce | 7 | 0 | 0 | 0 | 0 | 4 | 4 |
Provide funds to pay taxes | 7 | 0 | 0 | 0 | 0 | 0 | 7 |
Provide funds to purchase automobile, truck, or vehicle |
148 | 0 | 7 | 0 | 0 | 8 | 133 |
Provide funds to purchase another type of consumer product |
26 | 0 | 4 | 0 | 0 | 6 | 16 |
Other reasons | 38 | 0 | 0 | 0 | 0 | 0 | 38 |
Not reported | 529 | 48 | 4 | 0 | 11 | 55 | 411 |
Other properties | 7204 | 685 | 166 | 139 | 148 | 796 | 5270 |
Year First Mortgage Made or Assumed 1999 to 2001 (part) |
3641 | 300 | 46 | 53 | 76 | 466 | 2701 |
1997 and 1998 | 2214 | 232 | 69 | 22 | 34 | 252 | 1606 |
1995 and 1996 | 872 | 72 | 23 | 8 | 12 | 137 | 619 |
1990 to 1994 | 1409 | 100 | 33 | 24 | 31 | 91 | 1129 |
1985 to 1989 | 441 | 53 | 5 | 27 | 12 | 33 | 311 |
1980 to 1984 | 159 | 18 | 4 | 18 | 3 | 4 | 111 |
1979 or earlier | 306 | 39 | 21 | 5 | 13 | 15 | 213 |
Traditional First Mortgage Loan Less than $20,000 |
383 | 54 | 15 | 14 | 4 | 14 | 282 |
$20,000 to $29,999 | 572 | 49 | 4 | 11 | 13 | 33 | 462 |
$30,000 to $39,999 | 772 | 35 | 17 | 12 | 14 | 80 | 614 |
$40,000 to $49,999 | 845 | 83 | 11 | 21 | 25 | 78 | 626 |
$50,000 to $59,999 | 793 | 75 | 25 | 21 | 18 | 63 | 590 |
$60,000 to $79,999 | 1506 | 145 | 38 | 17 | 21 | 172 | 1113 |
$80,000 to $99,999 | 1168 | 167 | 44 | 9 | 19 | 124 | 805 |
$100,000 to $149,999 | 1752 | 149 | 35 | 26 | 51 | 277 | 1214 |
$150,000 to $199,999 | 558 | 35 | 11 | 0 | 5 | 64 | 442 |
$200,000 to $249,999 | 301 | 8 | 0 | 6 | 4 | 42 | 242 |
$250,000 to $299,999 | 110 | 0 | 0 | 9 | 0 | 11 | 90 |
$300,000 or more | 141 | 0 | 0 | 0 | 4 | 24 | 114 |
Not reported | 142 | 16 | 0 | 12 | 5 | 15 | 95 |
Median | 74417 | 74314 | 74544 | 57213 | 74735 | 88082 | 72983 |
Mean | 92613 | 76213 | 75702 | 78710 | 89055 | 104353 | 93768 |
Total Mortgage Loan Less than $20,000 |
333 | 46 | 10 | 14 | 4 | 14 | 245 |
$20,000 to $29,999 | 520 | 52 | 0 | 11 | 13 | 33 | 411 |
$30,000 to $39,999 | 695 | 39 | 11 | 12 | 14 | 75 | 544 |
$40,000 to $49,999 | 766 | 66 | 19 | 16 | 21 | 69 | 575 |
$50,000 to $59,999 | 787 | 66 | 26 | 26 | 14 | 63 | 591 |
$60,000 to $79,999 | 1405 | 143 | 33 | 13 | 24 | 159 | 1033 |
$80,000 to $99,999 | 1238 | 167 | 44 | 9 | 23 | 118 | 879 |
$100,000 to $149,999 | 1888 | 170 | 47 | 26 | 48 | 293 | 1303 |
$150,000 to $199,999 | 661 | 38 | 11 | 0 | 9 | 67 | 536 |
$200,000 to $249,999 | 298 | 8 | 0 | 6 | 4 | 49 | 231 |
$250,000 to $299,999 | 138 | 0 | 0 | 13 | 0 | 16 | 109 |
$300,000 or more | 171 | 4 | 0 | 0 | 4 | 24 | 140 |
Not reported | 142 | 16 | 0 | 12 | 5 | 15 | 95 |
Median | 79196 | 78126 | 80749 | 57767 | 78321 | 93020 | 78052 |
Mean | 97938 | 80372 | 81245 | 83848 | 91302 | 108013 | 99563 |
Traditional First Mortgage Outstanding Debt Less than $10,000 |
365 | 41 | 13 | 11 | 13 | 13 | 274 |
$10,000 to $19,999 | 617 | 36 | 11 | 23 | 0 | 25 | 523 |
$20,000 to $29,999 | 644 | 50 | 4 | 0 | 21 | 53 | 516 |
$30,000 to $39,999 | 894 | 66 | 22 | 32 | 7 | 86 | 681 |
$40,000 to $49,999 | 731 | 62 | 20 | 7 | 18 | 71 | 554 |
$50,000 to $59,999 | 744 | 72 | 9 | 16 | 18 | 76 | 554 |
$60,000 to $79,999 | 1424 | 175 | 47 | 11 | 29 | 153 | 1008 |
$80,000 to $99,999 | 1098 | 117 | 38 | 24 | 30 | 152 | 738 |
$100,000 to $149,999 | 1475 | 158 | 24 | 8 | 28 | 221 | 1035 |
$150,000 to $199,999 | 503 | 22 | 11 | 0 | 5 | 75 | 389 |
$200,000 to $249,999 | 216 | 0 | 0 | 6 | 4 | 33 | 173 |
$250,000 to $299,999 | 74 | 0 | 0 | 9 | 0 | 5 | 60 |
$300,000 or more | 114 | 0 | 0 | 0 | 4 | 18 | 92 |
Not reported | 142 | 16 | 0 | 12 | 5 | 15 | 95 |
Median | 66384 | 68346 | 68790 | 50217 | 67961 | 81788 | 63923 |
Mean | 83352 | 71069 | 68623 | 71617 | 81345 | 96098 | 83703 |
Total Mortgage Outstanding Debt Less than $10,000 |
294 | 38 | 10 | 11 | 13 | 13 | 210 |
$10,000 to $19,999 | 556 | 29 | 6 | 23 | 0 | 25 | 474 |
$20,000 to $29,999 | 634 | 57 | 9 | 0 | 21 | 53 | 494 |
$30,000 to $39,999 | 799 | 64 | 15 | 27 | 3 | 81 | 609 |
$40,000 to $49,999 | 688 | 55 | 21 | 12 | 14 | 60 | 525 |
$50,000 to $59,999 | 742 | 77 | 9 | 16 | 18 | 63 | 560 |
$60,000 to $79,999 | 1383 | 164 | 48 | 3 | 36 | 145 | 986 |
$80,000 to $99,999 | 1175 | 105 | 45 | 28 | 26 | 163 | 807 |
$100,000 to $149,999 | 1590 | 186 | 28 | 8 | 32 | 231 | 1105 |
$150,000 to $199,999 | 595 | 26 | 11 | 0 | 5 | 82 | 471 |
$200,000 to $249,999 | 230 | 0 | 0 | 10 | 4 | 42 | 175 |
$250,000 to $299,999 | 91 | 4 | 0 | 9 | 0 | 5 | 73 |
$300,000 or more | 132 | 0 | 0 | 0 | 4 | 18 | 110 |
Not reported | 133 | 11 | 0 | 12 | 5 | 15 | 91 |
Median | 70725 | 70148 | 73170 | 50217 | 70239 | 86172 | 68682 |
Mean | 87003 | 73803 | 73591 | 71069 | 81176 | 98129 | 87888 |
Current Interest Rate on First Mortgage Less than 6.0 percent |
2232 | 34 | 8 | 81 | 95 | 190 | 1824 |
6.0 percent | 79 | 6 | 3 | 1 | 7 | 0 | 62 |
6.1 to 6.4 percent | 201 | 13 | 5 | 0 | 0 | 22 | 161 |
6.5 to 6.9 percent | 1082 | 56 | 10 | 10 | 11 | 117 | 880 |
7.0 percent | 751 | 63 | 18 | 9 | 4 | 88 | 570 |
7.1 to 7.4 percent | 893 | 73 | 18 | 4 | 4 | 155 | 640 |
7.5 to 7.9 percent | 964 | 107 | 38 | 5 | 13 | 138 | 663 |
8.0 percent | 273 | 58 | 22 | 3 | 0 | 26 | 164 |
8.1 to 8.4 percent | 271 | 28 | 0 | 0 | 9 | 31 | 203 |
8.5 to 8.9 percent | 357 | 60 | 16 | 7 | 0 | 43 | 231 |
9.0 percent | 108 | 13 | 0 | 5 | 6 | 10 | 74 |
9.1 to 9.4 percent | 99 | 15 | 5 | 0 | 0 | 8 | 72 |
9.5 to 9.9 percent | 154 | 40 | 11 | 0 | 0 | 19 | 83 |
10.0 percent | 24 | 4 | 0 | 0 | 0 | 0 | 20 |
10.1 to 10.4 percent | 63 | 35 | 4 | 0 | 0 | 0 | 25 |
10.5 to 10.9 percent | 101 | 51 | 3 | 4 | 0 | 0 | 42 |
11.0 percent | 98 | 7 | 0 | 0 | 9 | 11 | 71 |
11.1 to 12.9 percent | 147 | 68 | 14 | 7 | 0 | 0 | 58 |
13.0 percent | 24 | 0 | 0 | 4 | 0 | 0 | 20 |
13.1 percent or more | 1122 | 87 | 25 | 18 | 26 | 139 | 828 |
Not reported | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Median | 7.2 | 8.1 | 8.0 | 5.8 | 5.7 | 7.3 | 7.1 |
Type of Interest Rate Buydown Properties with interest rate buydown |
196 | 16 | 3 | 4 | 0 | 13 | 159 |
Constant payment | 25 | 0 | 0 | 0 | 0 | 4 | 21 |
3-2-1 buydown | 7 | 3 | 0 | 0 | 0 | 0 | 4 |
Other | 16 | 4 | 0 | 0 | 0 | 0 | 13 |
Not reported | 148 | 9 | 3 | 4 | 0 | 9 | 122 |
Properties without interest rate buydown |
4509 | 357 | 114 | 50 | 54 | 539 | 3395 |
Not reported | 4337 | 442 | 82 | 104 | 128 | 445 | 3135 |
Term of First Mortgage Less than 5 years |
69 | 0 | 0 | 0 | 0 | 0 | 69 |
5 years | 99 | 0 | 0 | 0 | 4 | 9 | 85 |
6 to 9 years | 101 | 0 | 0 | 0 | 0 | 4 | 97 |
10 years | 233 | 6 | 0 | 0 | 0 | 3 | 224 |
11 to 14 years | 53 | 0 | 0 | 0 | 3 | 0 | 49 |
15 years | 1247 | 0 | 14 | 0 | 4 | 49 | 1181 |
16 to 19 years | 17 | 0 | 0 | 0 | 0 | 0 | 17 |
20 years | 280 | 4 | 0 | 0 | 4 | 24 | 249 |
21 to 24 years | 4 | 0 | 0 | 0 | 0 | 4 | 0 |
25 years | 105 | 3 | 0 | 0 | 0 | 10 | 92 |
26 to 29 years | 19 | 4 | 0 | 0 | 0 | 0 | 15 |
30 years | 3308 | 798 | 186 | 13 | 39 | 558 | 1712 |
More than 30 years | 50 | 0 | 0 | 41 | 0 | 0 | 9 |
No stated term | 3458 | 0 | 0 | 104 | 128 | 336 | 2890 |
Median | 30 | 30 | 30 | 54 | 30 | 30 | 21 |
Unexpired Term of First Mortgage Less than 5 years |
355 | 13 | 4 | 0 | 4 | 19 | 315 |
5 to 9 years | 674 | 45 | 20 | 0 | 0 | 15 | 594 |
10 to 14 years | 945 | 18 | 19 | 4 | 7 | 38 | 859 |
15 to 19 years | 449 | 58 | 5 | 11 | 4 | 26 | 346 |
20 to 24 years | 513 | 100 | 42 | 9 | 10 | 76 | 275 |
25 to 29 years | 2082 | 475 | 104 | 12 | 20 | 395 | 1078 |
30 or more years | 567 | 107 | 5 | 18 | 9 | 93 | 333 |
No stated term or not computed | 3458 | 0 | 0 | 104 | 128 | 336 | 2890 |
Median | 24 | 27 | 25 | 26 | 26 | 27 | 17 |
Holder of First Mortgage Commercial bank or trust company |
1475 | 92 | 8 | 23 | 23 | 132 | 1197 |
Savings and loan association, federal savings bank |
967 | 63 | 9 | 3 | 21 | 88 | 783 |
Mutual savings bank | 106 | 3 | 4 | 0 | 0 | 10 | 89 |
Life insurance company | 135 | 22 | 10 | 10 | 3 | 9 | 80 |
Mortgage banker or mortgage company | 511 | 51 | 16 | 0 | 0 | 109 | 336 |
Federally-sponsored secondary market agency or pool |
4378 | 482 | 114 | 64 | 85 | 519 | 3114 |
Conventional mortgage pool | 149 | 3 | 13 | 0 | 5 | 21 | 105 |
Other federal agency | 219 | 17 | 6 | 41 | 3 | 16 | 136 |
Real estate investment trust | 16 | 0 | 0 | 0 | 0 | 0 | 16 |
Pension or retirement fund | 14 | 0 | 0 | 0 | 0 | 0 | 14 |
Credit union | 308 | 12 | 4 | 4 | 4 | 7 | 278 |
Finance company | 151 | 0 | 0 | 0 | 4 | 10 | 137 |
State or municipal government or housing finance agency |
318 | 42 | 9 | 12 | 25 | 29 | 203 |
Individual or individual's estate | 166 | 10 | 8 | 0 | 9 | 25 | 114 |
Other | 128 | 18 | 0 | 0 | 0 | 21 | 88 |
Servicer of First Mortgage Commercial bank or trust company |
2025 | 106 | 16 | 30 | 37 | 197 | 1640 |
Savings and loan association, federal savings bank |
1209 | 98 | 40 | 5 | 33 | 147 | 886 |
Mutual savings bank | 106 | 3 | 0 | 0 | 0 | 10 | 92 |
Life insurance company | 121 | 18 | 4 | 10 | 3 | 9 | 76 |
Mortgage banker or mortgage company | 4281 | 490 | 116 | 57 | 80 | 525 | 3013 |
Federally-sponsored secondary market agency or pool |
33 | 10 | 4 | 0 | 0 | 3 | 16 |
Conventional mortgage pool | 14 | 0 | 0 | 0 | 0 | 9 | 5 |
Other federal agency | 211 | 17 | 6 | 41 | 3 | 11 | 133 |
Real estate investment trust | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Pension or retirement fund | 3 | 0 | 0 | 0 | 0 | 0 | 3 |
Credit union | 317 | 12 | 4 | 4 | 4 | 10 | 283 |
Finance company | 151 | 0 | 0 | 0 | 4 | 10 | 137 |
State or municipal government or housing finance agency |
273 | 32 | 4 | 11 | 9 | 19 | 199 |
Individual or individual's estate | 160 | 10 | 8 | 0 | 9 | 25 | 108 |
Other | 137 | 18 | 0 | 0 | 0 | 21 | 98 |
Holder's Acquisition of First Mortgage Originated directly from borrower |
4030 | 283 | 61 | 67 | 87 | 330 | 3202 |
Purchased from present servicer | 2626 | 255 | 48 | 57 | 66 | 352 | 1847 |
Purchased from someone else | 2386 | 277 | 92 | 33 | 29 | 314 | 1641 |
Not reported | 0 | 0 | 0 | 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 | 6334 | 705 | 148 | 128 | 141 | 778 | 4434 |
Less than 40 percent | 225 | 0 | 0 | 9 | 9 | 5 | 202 |
40 to 49 percent | 177 | 7 | 0 | 0 | 3 | 21 | 145 |
50 to 59 percent | 248 | 11 | 3 | 6 | 9 | 0 | 219 |
60 to 69 percent | 656 | 71 | 18 | 21 | 16 | 46 | 484 |
70 to 79 percent | 724 | 44 | 3 | 20 | 4 | 57 | 596 |
80 to 89 percent | 1112 | 72 | 13 | 18 | 46 | 116 | 847 |
90 to 94 percent | 552 | 41 | 3 | 0 | 11 | 178 | 318 |
95 to 99 percent | 715 | 131 | 19 | 12 | 9 | 212 | 332 |
100 percent or more | 1793 | 312 | 89 | 35 | 35 | 129 | 1194 |
Not reported | 134 | 14 | 0 | 8 | 0 | 15 | 97 |
Median | 90 | 99 | 16775 | 82 | 87 | 94 | 86 |
Other properties | 2708 | 111 | 52 | 29 | 41 | 219 | 2256 |
Not available | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
First Mortgage Loan as a Percent of Value Properties acquired by purchase with first mortgage made or assumed at time of purchase |
6334 | 705 | 148 | 128 | 141 | 778 | 4434 |
Less than 40 percent | 263 | 0 | 0 | 9 | 9 | 4 | 241 |
40 to 49 percent | 233 | 7 | 4 | 0 | 3 | 18 | 201 |
50 to 59 percent | 267 | 11 | 6 | 6 | 9 | 0 | 235 |
60 to 69 percent | 1151 | 117 | 32 | 18 | 21 | 80 | 883 |
70 to 79 percent | 1018 | 42 | 0 | 20 | 18 | 71 | 867 |
80 to 89 percent | 1123 | 75 | 9 | 23 | 39 | 197 | 780 |
90 to 94 percent | 523 | 40 | 9 | 5 | 8 | 196 | 265 |
95 to 99 percent | 613 | 218 | 13 | 11 | 9 | 139 | 222 |
100 percent or more | 1022 | 179 | 73 | 29 | 26 | 59 | 656 |
Not reported | 121 | 14 | 0 | 8 | 0 | 15 | 84 |
Median | 82 | 96 | 100 | 84 | 83 | 90 | 77 |
Other properties | 2708 | 111 | 52 | 29 | 41 | 219 | 2256 |
Not available | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
First Mortgage Risk Subprime loan |
505 | 35 | 5 | 11 | 20 | 24 | 411 |
Not subprime loan | 8536 | 780 | 195 | 147 | 162 | 973 | 6279 |
Not reported | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Mortgage Loan as a Percent of Purchase Price Properties acquired by purchase with first mortgage made or assumed at time of purchase |
6334 | 705 | 148 | 128 | 141 | 778 | 4434 |
Less than 40 percent | 169 | 0 | 0 | 5 | 9 | 5 | 150 |
40 to 49 percent | 187 | 7 | 0 | 0 | 3 | 21 | 155 |
50 to 59 percent | 230 | 11 | 3 | 6 | 9 | 0 | 202 |
60 to 69 percent | 577 | 59 | 9 | 25 | 12 | 42 | 429 |
70 to 79 percent | 653 | 44 | 3 | 11 | 4 | 52 | 539 |
80 to 89 percent | 970 | 65 | 5 | 18 | 46 | 109 | 727 |
90 to 94 percent | 531 | 41 | 3 | 4 | 11 | 146 | 325 |
95 to 99 percent | 650 | 122 | 12 | 17 | 9 | 183 | 307 |
100 percent or more | 2234 | 340 | 112 | 35 | 38 | 206 | 1503 |
Not reported | 134 | 14 | 0 | 8 | 0 | 15 | 97 |
Median | 93 | 100 | 34327 | 88 | 87 | 95 | 90 |
Other properties | 2708 | 111 | 52 | 29 | 41 | 219 | 2256 |
Not available | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Mortgage Loan as Percent of Value Properties acquired by purchase with first mortgage made or assumed at time of purchase |
6334 | 705 | 148 | 128 | 141 | 778 | 4434 |
Less than 40 percent | 754 | 54 | 8 | 5 | 16 | 18 | 653 |
40 to 49 percent | 512 | 42 | 10 | 6 | 7 | 43 | 405 |
50 to 59 percent | 708 | 48 | 10 | 18 | 21 | 67 | 545 |
60 to 69 percent | 887 | 73 | 14 | 32 | 18 | 59 | 691 |
70 to 79 percent | 1135 | 125 | 22 | 26 | 20 | 181 | 762 |
80 to 89 percent | 1023 | 110 | 23 | 5 | 42 | 218 | 625 |
90 to 94 percent | 351 | 86 | 10 | 4 | 9 | 66 | 177 |
95 to 99 percent | 289 | 69 | 22 | 13 | 5 | 39 | 141 |
100 percent or more | 553 | 85 | 30 | 11 | 3 | 72 | 352 |
Not reported | 121 | 14 | 0 | 8 | 0 | 15 | 84 |
Median | 72 | 80 | 85 | 70 | 74 | 81 | 68 |
Other properties | 2708 | 111 | 52 | 29 | 41 | 219 | 2256 |
Not available | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Outstanding Debt as a Percent of Value Less than 20 percent |
669 | 34 | 14 | 10 | 11 | 23 | 577 |
20 to 29 percent | 587 | 18 | 15 | 9 | 5 | 22 | 518 |
30 to 39 percent | 727 | 49 | 11 | 0 | 9 | 36 | 622 |
40 to 49 percent | 974 | 80 | 0 | 27 | 28 | 83 | 757 |
50 to 59 percent | 1130 | 72 | 6 | 23 | 18 | 103 | 908 |
60 to 69 percent | 1114 | 79 | 20 | 31 | 23 | 86 | 876 |
70 to 79 percent | 1539 | 129 | 49 | 24 | 34 | 210 | 1093 |
80 to 89 percent | 1019 | 158 | 32 | 4 | 33 | 241 | 551 |
90 to 99 percent | 649 | 132 | 37 | 13 | 12 | 105 | 351 |
100 percent or more | 480 | 52 | 17 | 4 | 3 | 73 | 330 |
Not reported or not computed | 154 | 14 | 0 | 12 | 5 | 15 | 108 |
Median | 63 | 75 | 77 | 61 | 68 | 77 | 59 |
Index Used to Adjust Interest Rate on ARM Properties with adjustable rate first mortgage |
1236 | 95 | 20 | 33 | 39 | 120 | 928 |
Treasury security | 341 | 14 | 0 | 0 | 0 | 37 | 290 |
Average cost of funds in bank district | 31 | 3 | 0 | 0 | 0 | 0 | 27 |
National average cost of funds | 26 | 0 | 0 | 0 | 0 | 0 | 26 |
OTS contract mortgage rate | 12 | 0 | 0 | 0 | 0 | 0 | 12 |
Other method | 82 | 0 | 0 | 0 | 11 | 2 | 69 |
No index used | 46 | 0 | 0 | 0 | 0 | 3 | 43 |
Not reported | 698 | 78 | 20 | 33 | 28 | 77 | 461 |
Other properties | 7806 | 720 | 180 | 124 | 143 | 877 | 5762 |
Not reported | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Frequency With Which Rate Can Be Adjusted Properties with adjustable rate first mortgage |
1236 | 95 | 20 | 33 | 39 | 120 | 928 |
Monthly | 25 | 3 | 0 | 0 | 0 | 2 | 20 |
Every 3 months | 6 | 0 | 0 | 0 | 0 | 0 | 6 |
Every 6 months | 32 | 0 | 0 | 0 | 11 | 0 | 21 |
Yearly | 335 | 14 | 0 | 0 | 0 | 33 | 289 |
Every 3 years | 73 | 0 | 0 | 0 | 0 | 4 | 69 |
Every 5 years | 58 | 0 | 0 | 0 | 0 | 4 | 54 |
Other | 12 | 0 | 0 | 0 | 0 | 0 | 12 |
Not reported | 695 | 78 | 20 | 33 | 28 | 77 | 458 |
Other properties | 7806 | 720 | 180 | 124 | 143 | 877 | 5762 |
Not reported | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Caps on Interest Rate Per Adjustment Period Properties with adjustable rate first mortgage |
1236 | 95 | 20 | 33 | 39 | 120 | 928 |
Less than 1 percent | 7 | 0 | 0 | 0 | 0 | 0 | 7 |
1 percent | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
1.1 to 1.9 percent | 28 | 0 | 0 | 0 | 11 | 0 | 17 |
2 percent | 308 | 0 | 0 | 0 | 0 | 21 | 287 |
2.1 to 2.9 percent | 7 | 3 | 0 | 0 | 0 | 0 | 4 |
3 percent | 47 | 0 | 0 | 0 | 0 | 12 | 35 |
3.1 to 3.9 percent | 14 | 10 | 0 | 0 | 0 | 0 | 4 |
4.0 percent or more | 47 | 4 | 0 | 0 | 0 | 0 | 43 |
No caps | 73 | 0 | 0 | 0 | 0 | 9 | 64 |
Not reported | 705 | 78 | 20 | 33 | 28 | 77 | 467 |
Other properties | 7806 | 720 | 180 | 124 | 143 | 877 | 5762 |
Not reported | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Caps on Interest Rate Over Life of ARM Properties with adjustable rate first mortgage |
1236 | 95 | 20 | 33 | 39 | 120 | 928 |
Less than 1 percent | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
1 percent | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
1.1 to 1.9 percent | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
2 percent | 28 | 3 | 0 | 0 | 0 | 0 | 25 |
2.1 to 2.9 percent | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
3 percent | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
3.1 to 3.9 percent | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
4.0 percent or more | 411 | 14 | 0 | 0 | 11 | 34 | 352 |
No caps | 61 | 0 | 0 | 0 | 0 | 5 | 56 |
Not reported | 736 | 78 | 20 | 33 | 28 | 81 | 496 |
Other properties | 7806 | 720 | 180 | 124 | 143 | 877 | 5762 |
Not reported | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Interest Rate Changed Since Mortgage Made Properties with adjustable rate first mortgage |
1236 | 95 | 20 | 33 | 39 | 120 | 928 |
Yes, rate has changed | 278 | 17 | 0 | 0 | 0 | 18 | 243 |
No change since mortgage made | 276 | 0 | 0 | 0 | 11 | 25 | 241 |
Not reported | 681 | 78 | 20 | 33 | 28 | 77 | 444 |
Other properties | 7806 | 720 | 180 | 124 | 143 | 877 | 5762 |
Not reported | 0 | 0 | 0 | 0 | 0 | 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 | 44 | 0 | 0 | 0 | 0 | 4 | 40 |
Payments can change monthly | 14 | 0 | 0 | 0 | 0 | 4 | 10 |
Payments can change every three months | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Payments can change every six months | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Payments can change yearly | 24 | 0 | 0 | 0 | 0 | 0 | 24 |
Payments can change every 3 years | 6 | 0 | 0 | 0 | 0 | 0 | 6 |
Payments can change every 5 years | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Not reported | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Monthly payments cannot change |
8301 | 743 | 180 | 124 | 154 | 917 | 6183 |
Not reported | 697 | 72 | 20 | 33 | 28 | 76 | 467 |
First Mortgage Allows for Negative Amortization Monthly payments can change (other than change in interest rate) |
44 | 0 | 0 | 0 | 0 | 4 | 40 |
Yes, unrestricted negative amortization | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Yes, restricted negative amortization | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
No negative amortization allowed | 38 | 0 | 0 | 0 | 0 | 4 | 34 |
Not reported | 6 | 0 | 0 | 0 | 0 | 0 | 6 |
Monthly payments cannot change | 8301 | 743 | 180 | 124 | 154 | 917 | 6183 |
Not reported | 697 | 72 | 20 | 33 | 28 | 76 | 467 |
MORTGAGE PAYMENTS AND OTHER EXPENSES Method of Payment of First Mortgage Regular payments of interest and/or principal |
8792 | 785 | 196 | 145 | 177 | 973 | 6515 |
Interest and principal | 8785 | 785 | 196 | 145 | 177 | 973 | 6508 |
Fully amortized | 8019 | 743 | 182 | 118 | 171 | 929 | 5875 |
Not fully amortized | 766 | 42 | 14 | 27 | 6 | 44 | 633 |
Interest only | 7 | 0 | 0 | 0 | 0 | 0 | 7 |
No regular payments required | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Not reported | 250 | 30 | 4 | 12 | 5 | 24 | 175 |
Items Included in First Mortgage Payment@1 Regular monthly payments of both interest and principal |
8785 | 785 | 196 | 145 | 177 | 973 | 6508 |
Real estate taxes | 3314 | 436 | 129 | 17 | 41 | 570 | 2121 |
Property insurance | 2835 | 412 | 118 | 17 | 36 | 532 | 1721 |
Mortgage insurance | 851 | 323 | 9 | 4 | 7 | 437 | 71 |
Other | 1260 | 210 | 74 | 0 | 22 | 223 | 732 |
No items included or not reported | 5370 | 350 | 64 | 129 | 136 | 373 | 4319 |
No regular payments of interest and principal |
257 | 30 | 4 | 12 | 5 | 24 | 182 |
Monthly Interest and Principal Payments on First Mortgage Monthly payments of interest and/or principal |
8792 | 785 | 196 | 145 | 177 | 973 | 6515 |
Less than $100 | 41 | 0 | 4 | 5 | 0 | 4 | 28 |
$100 to $199 | 279 | 46 | 9 | 4 | 3 | 13 | 205 |
$200 to $299 | 727 | 66 | 6 | 16 | 13 | 65 | 561 |
$300 to $399 | 966 | 82 | 17 | 24 | 20 | 88 | 735 |
$400 to $499 | 1024 | 126 | 35 | 20 | 23 | 135 | 686 |
$500 to $599 | 1128 | 128 | 31 | 9 | 17 | 119 | 824 |
$600 to $699 | 926 | 72 | 37 | 3 | 5 | 105 | 704 |
$700 to $799 | 741 | 43 | 15 | 23 | 26 | 83 | 551 |
$800 to $899 | 693 | 90 | 13 | 7 | 16 | 93 | 475 |
$900 to $999 | 480 | 40 | 16 | 0 | 7 | 61 | 357 |
$1,000 to $1,249 | 784 | 45 | 14 | 5 | 18 | 87 | 615 |
$1,250 to $1,499 | 346 | 14 | 0 | 9 | 9 | 55 | 259 |
$1,500 or more | 656 | 34 | 0 | 20 | 20 | 66 | 516 |
Median | 625 | 557 | 590 | 544 | 726 | 660 | 631 |
Mean | 770 | 717 | 606 | 775 | 1021 | 831 | 766 |
No regular payments required | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Not reported | 250 | 30 | 4 | 12 | 5 | 24 | 175 |
Current First Mortgage Payment Status Regular monthly payments of principal and/or interest |
9042 | 815 | 200 | 157 | 182 | 997 | 6690 |
Up-to-date, ahead of schedule, or less than 90 days past due |
4999 | 425 | 126 | 54 | 54 | 636 | 3704 |
Delinquent by 90 days or more | 47 | 5 | 0 | 0 | 0 | 9 | 33 |
Legal proceedings have begun | 15 | 5 | 0 | 0 | 0 | 0 | 9 |
Legal proceedings have not begun | 27 | 0 | 0 | 0 | 0 | 9 | 18 |
Not reported | 6 | 0 | 0 | 0 | 0 | 0 | 6 |
Not reported | 3995 | 385 | 74 | 104 | 128 | 351 | 2953 |
Other properties | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Monthly Interest and Principal Payments on Total Mortgages Regular monthly payments of interest and/or principal |
8821 | 789 | 196 | 145 | 177 | 973 | 6541 |
Less than $100 | 45 | 4 | 4 | 5 | 0 | 4 | 28 |
$100 to $199 | 238 | 42 | 0 | 4 | 3 | 13 | 177 |
$200 to $299 | 676 | 66 | 11 | 16 | 13 | 65 | 505 |
$300 to $399 | 863 | 60 | 10 | 24 | 20 | 67 | 682 |
$400 to $499 | 981 | 116 | 34 | 15 | 19 | 120 | 678 |
$500 to $599 | 1019 | 124 | 31 | 9 | 17 | 115 | 723 |
$600 to $699 | 904 | 72 | 33 | 8 | 5 | 105 | 679 |
$700 to $799 | 751 | 52 | 18 | 19 | 26 | 84 | 553 |
$800 to $899 | 737 | 92 | 13 | 7 | 19 | 104 | 502 |
$900 to $999 | 579 | 56 | 26 | 4 | 7 | 68 | 417 |
$1,000 to $1,249 | 841 | 49 | 11 | 5 | 14 | 93 | 668 |
$1,250 to $1,499 | 406 | 14 | 4 | 9 | 9 | 54 | 317 |
$1,500 or more | 781 | 41 | 3 | 20 | 23 | 82 | 612 |
Median | 665 | 586 | 628 | 601 | 739 | 699 | 670 |
Mean | 812 | 755 | 681 | 784 | 1050 | 864 | 810 |
No regular monthly payments required |
220 | 26 | 4 | 12 | 5 | 24 | 149 |
Interest and Principal Payments on Traditional First Mortgages as Percent of Income Monthly payments of interest and/or principal |
8792 | 785 | 196 | 145 | 177 | 973 | 6515 |
Less than 5 percent | 398 | 40 | 20 | 5 | 0 | 33 | 301 |
5 to 9 percent | 1897 | 142 | 25 | 8 | 44 | 177 | 1502 |
10 to 14 percent | 2483 | 180 | 54 | 53 | 45 | 303 | 1847 |
15 to 19 percent | 1706 | 189 | 41 | 28 | 45 | 239 | 1162 |
20 to 24 percent | 747 | 77 | 21 | 13 | 9 | 94 | 533 |
25 to 29 percent | 377 | 47 | 6 | 3 | 7 | 27 | 288 |
30 to 34 percent | 164 | 12 | 3 | 7 | 14 | 26 | 102 |
35 to 39 percent | 129 | 17 | 6 | 0 | 0 | 10 | 96 |
40 to 49 percent | 135 | 25 | 5 | 5 | 0 | 4 | 96 |
50 percent or more | 190 | 23 | 0 | 0 | 3 | 16 | 148 |
Not reported or not computed | 565 | 34 | 15 | 22 | 9 | 45 | 440 |
Median | 14 | 15 | 14 | 15 | 14 | 14 | 13 |
No regular payments required | 250 | 30 | 4 | 12 | 5 | 24 | 175 |
Real Estate Tax Acquired before 2000 |
7720 | 636 | 185 | 130 | 156 | 771 | 5843 |
Less than $100 | 1112 | 110 | 50 | 27 | 26 | 116 | 783 |
$100 to $199 | 63 | 10 | 0 | 5 | 4 | 17 | 27 |
$200 to $299 | 83 | 9 | 11 | 0 | 0 | 4 | 59 |
$300 to $399 | 176 | 21 | 0 | 5 | 0 | 23 | 127 |
$400 to $499 | 191 | 15 | 6 | 8 | 0 | 7 | 156 |
$500 to $599 | 197 | 23 | 0 | 0 | 3 | 18 | 153 |
$600 to $699 | 258 | 25 | 13 | 4 | 0 | 15 | 202 |
$700 to $799 | 250 | 23 | 11 | 11 | 4 | 5 | 196 |
$800 to $899 | 259 | 35 | 0 | 3 | 5 | 15 | 201 |
$900 to $999 | 281 | 20 | 4 | 20 | 5 | 48 | 185 |
$1,000 to $1,249 | 674 | 61 | 11 | 14 | 18 | 88 | 481 |
$1,250 to $1,499 | 472 | 34 | 10 | 0 | 12 | 54 | 362 |
$1,500 to $1,999 | 1046 | 68 | 40 | 5 | 10 | 120 | 803 |
$2,000 to $2,499 | 797 | 55 | 7 | 0 | 16 | 80 | 639 |
$2,500 or more | 1759 | 113 | 23 | 21 | 46 | 157 | 1398 |
Not reported | 103 | 16 | 0 | 6 | 5 | 5 | 70 |
Median | 1390 | 1082 | 965 | 859 | 1442 | 1380 | 1468 |
Mean | 1767 | 1429 | 1335 | 999 | 1644 | 1742 | 1841 |
Acquired 2000 and 2001 (part) | 1322 | 180 | 16 | 27 | 26 | 226 | 847 |
Real Estate Tax as Percent of Income Acquired before 2000 |
7720 | 636 | 185 | 130 | 156 | 771 | 5843 |
Less than 1.0 percent | 1516 | 132 | 55 | 36 | 30 | 171 | 1090 |
1.0 to 1.9 percent | 1494 | 118 | 35 | 32 | 16 | 151 | 1143 |
2.0 to 2.9 percent | 1511 | 105 | 37 | 26 | 39 | 191 | 1112 |
3.0 to 3.9 percent | 1050 | 76 | 12 | 7 | 51 | 98 | 806 |
4.0 to 4.9 percent | 552 | 68 | 12 | 5 | 5 | 47 | 415 |
5.0 to 7.4 percent | 630 | 57 | 19 | 3 | 0 | 67 | 484 |
7.5 to 9.9 percent | 185 | 7 | 0 | 5 | 0 | 4 | 169 |
10.0 percent or more | 194 | 23 | 0 | 0 | 0 | 6 | 166 |
Not reported or computed | 589 | 52 | 15 | 15 | 14 | 36 | 457 |
Median | 2.4 | 2.4 | 1.8 | 1.7 | 2.6 | 2.2 | 2.4 |
Other properties | 1322 | 180 | 16 | 27 | 26 | 226 | 847 |
Real Estate Tax Per $1,000 Value Acquired before 2000 |
7720 | 636 | 185 | 130 | 156 | 771 | 5843 |
Less than $5 | 1339 | 116 | 55 | 36 | 30 | 135 | 967 |
$5 to $9 | 1475 | 112 | 19 | 35 | 20 | 116 | 1173 |
$10 to $14 | 2190 | 181 | 58 | 15 | 26 | 262 | 1648 |
$15 to $19 | 1370 | 98 | 33 | 27 | 43 | 122 | 1047 |
$20 to $24 | 653 | 66 | 11 | 4 | 23 | 66 | 483 |
$25 to $29 | 247 | 12 | 5 | 0 | 9 | 37 | 184 |
$30 to $39 | 336 | 34 | 4 | 7 | 0 | 28 | 263 |
$40 to $49 | 4 | 0 | 0 | 0 | 0 | 0 | 4 |
$50 to $59 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
$60 or more | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Not reported or not computed | 106 | 16 | 0 | 6 | 5 | 5 | 73 |
Median | 12 | 12 | 12 | 9 | 15 | 13 | 12 |
Acquired 2000 and 2001 (part) | 1322 | 180 | 16 | 27 | 26 | 226 | 847 |