Residential Finance Survey |
|
Fixed rate mortgage | |||||
---|---|---|---|---|---|
Total mortgaged properties |
Amortized | Short term with balloon payment |
Adjustable rate mortgage (ARM) |
Other mortgage | |
1-housing-unit properties with traditional first mortgage |
1527 | 1138 | 106 | 248 | 36 |
PROPERTY CHARACTERISTICS Manner of Acquisition By purchase |
1390 | 1026 | 106 | 222 | 36 |
Placed one new mortgage | 1257 | 926 | 94 | 202 | 36 |
Placed two or more new mortgages | 24 | 10 | 7 | 7 | 0 |
Assumed mortgage(s) already on property | 96 | 84 | 5 | 7 | 0 |
Assumed mortgage(s) already on property and placed new mortgage |
0 | 0 | 0 | 0 | 0 |
Borrowed using assets other than this property as collateral |
0 | 0 | 0 | 0 | 0 |
Paid all cash-no borrowing | 7 | 7 | 0 | 0 | 0 |
Other manner | 5 | 0 | 0 | 5 | 0 |
By inheritance or gift | 41 | 41 | 0 | 0 | 0 |
By divorce | 6 | 6 | 0 | 0 | 0 |
By tax free exchange of other property |
0 | 0 | 0 | 0 | 0 |
By foreclosure or assignment | 7 | 7 | 0 | 0 | 0 |
By some other manner | 20 | 12 | 0 | 8 | 0 |
Not reported | 63 | 45 | 0 | 18 | 0 |
Source of Downpayment@1 Properties purchased 1995 to 2001 (part) |
747 | 542 | 76 | 103 | 27 |
Sale of stock or other partnership shares for this project |
2 | 2 | 0 | 0 | 0 |
Sale of previously owned stocks, shares, or other securities |
7 | 7 | 0 | 0 | 0 |
Sale of land or other real estate | 64 | 51 | 13 | 0 | 0 |
Owner's cash, bank deposits, share accounts, or bonds |
404 | 300 | 29 | 67 | 7 |
Borrowing from a retirement plan | 18 | 12 | 0 | 7 | 0 |
Borrowing using assets other than this property as collateral |
30 | 30 | 0 | 0 | 0 |
Proceeds from an insurance policy | 0 | 0 | 0 | 0 | 0 |
From a state or local government source | 0 | 0 | 0 | 0 | 0 |
From a non-profit organization | 0 | 0 | 0 | 0 | 0 |
Proceeds from sale of tax credits | 0 | 0 | 0 | 0 | 0 |
From parents or relatives | 47 | 34 | 6 | 7 | 0 |
Other cash source | 30 | 15 | 7 | 0 | 7 |
Non-cash source | 18 | 12 | 0 | 6 | 0 |
No downpayment required | 107 | 68 | 20 | 13 | 5 |
Not reported | 68 | 45 | 0 | 16 | 7 |
Other properties | 737 | 563 | 30 | 134 | 9 |
Not reported | 44 | 33 | 0 | 11 | 0 |
Year Property Acquired 1999 to 2001 (part) |
408 | 293 | 27 | 74 | 15 |
1997 and 1998 | 217 | 169 | 34 | 9 | 5 |
1995 and 1996 | 195 | 134 | 15 | 39 | 7 |
1990 to 1994 | 286 | 216 | 11 | 58 | 0 |
1985 to 1989 | 217 | 152 | 10 | 55 | 0 |
1980 to 1984 | 102 | 84 | 8 | 0 | 9 |
1975 to 1979 | 55 | 42 | 0 | 13 | 0 |
1970 to 1974 | 30 | 30 | 0 | 0 | 0 |
1969 or earlier | 18 | 18 | 0 | 0 | 0 |
Property New or Previously Owned When Acquired Acquired by purchase |
1390 | 1026 | 106 | 222 | 36 |
New | 260 | 208 | 16 | 36 | 0 |
Previously owned | 1083 | 771 | 90 | 185 | 36 |
As residential property | 1083 | 771 | 90 | 185 | 36 |
Converted from nonresidential use | 0 | 0 | 0 | 0 | 0 |
Other | 8 | 8 | 0 | 0 | 0 |
Not reported | 40 | 40 | 0 | 0 | 0 |
Other properties | 74 | 66 | 0 | 8 | 0 |
Not reported | 63 | 45 | 0 | 18 | 0 |
Year Structure Built 1999 to March 2000 |
43 | 24 | 0 | 11 | 7 |
1997 and 1998 | 70 | 65 | 5 | 0 | 0 |
1995 and 1996 | 56 | 39 | 0 | 10 | 7 |
1990 to 1994 | 138 | 86 | 13 | 39 | 0 |
1980 to 1989 | 254 | 159 | 39 | 55 | 0 |
1970 to 1979 | 302 | 235 | 6 | 47 | 15 |
1960 to 1969 | 211 | 163 | 17 | 32 | 0 |
1950 to 1959 | 256 | 224 | 6 | 19 | 7 |
1940 to 1949 | 88 | 70 | 6 | 13 | 0 |
1939 or earlier | 110 | 72 | 15 | 23 | 0 |
Purchase Price Properties acquired by purchase 1997 to 2001 (part) |
566 | 418 | 61 | 68 | 20 |
Less than $20,000 | 39 | 27 | 8 | 0 | 5 |
$20,000 to $39,999 | 137 | 122 | 6 | 9 | 0 |
$40,000 to $59,999 | 84 | 54 | 7 | 23 | 0 |
$60,000 to $79,999 | 85 | 66 | 14 | 5 | 0 |
$80,000 to $99,999 | 58 | 32 | 19 | 7 | 0 |
$100,000 to $124,999 | 45 | 25 | 0 | 6 | 15 |
$125,000 to $149,999 | 58 | 38 | 7 | 13 | 0 |
$150,000 to $174,999 | 0 | 0 | 0 | 0 | 0 |
$175,000 to $199,999 | 15 | 15 | 0 | 0 | 0 |
$200,000 to $249,999 | 23 | 18 | 0 | 5 | 0 |
$250,000 to $299,999 | 12 | 12 | 0 | 0 | 0 |
$300,000 to $499,999 | 11 | 11 | 0 | 0 | 0 |
$500,000 or more | 0 | 0 | 0 | 0 | 0 |
Median | 65370 | 61780 | 74394 | 69043 | 108116 |
Mean | 82670 | 83373 | 70073 | 88694 | 85760 |
Other properties | 961 | 719 | 45 | 180 | 17 |
Value Less than $20,000 |
59 | 54 | 0 | 0 | 5 |
$20,000 to $39,999 | 163 | 124 | 19 | 20 | 0 |
$40,000 to $59,999 | 236 | 192 | 19 | 16 | 9 |
$60,000 to $79,999 | 339 | 246 | 14 | 72 | 7 |
$80,000 to $99,999 | 192 | 103 | 19 | 70 | 0 |
$100,000 to $124,999 | 195 | 157 | 7 | 24 | 7 |
$125,000 to $149,999 | 73 | 47 | 0 | 19 | 7 |
$150,000 to $174,999 | 79 | 62 | 7 | 9 | 0 |
$175,000 to $199,999 | 28 | 23 | 5 | 0 | 0 |
$200,000 to $249,999 | 77 | 56 | 8 | 13 | 0 |
$250,000 to $299,999 | 33 | 25 | 7 | 0 | 0 |
$300,000 to $499,999 | 50 | 45 | 0 | 6 | 0 |
$500,000 or more | 4 | 4 | 0 | 0 | 0 |
Median | 78024 | 76135 | 81156 | 84765 | 69905 |
Mean | 99676 | 100686 | 100820 | 98139 | 75154 |
Value of Capital Improvements Properties with capital improvements between 1998 and 2000 |
577 | 453 | 66 | 59 | 0 |
Less than $500 | 14 | 14 | 0 | 0 | 0 |
$500 to $999 | 25 | 10 | 6 | 9 | 0 |
$1,000 to $2,499 | 122 | 114 | 0 | 7 | 0 |
$2,500 to $4,999 | 136 | 86 | 44 | 5 | 0 |
$5,000 to $7,499 | 113 | 91 | 16 | 6 | 0 |
$7,500 to $9,999 | 29 | 29 | 0 | 0 | 0 |
$10,000 to $14,999 | 40 | 35 | 0 | 6 | 0 |
$15,000 to $19,999 | 28 | 21 | 0 | 7 | 0 |
$20,000 to $29,999 | 45 | 36 | 0 | 10 | 0 |
$30,000 or more | 25 | 16 | 0 | 9 | 0 |
Median | 4858 | 5034 | 4047 | 11381 | 0 |
Mean | 9069 | 8206 | 3245 | 22278 | 0 |
Properties with no capital improvements between 1998 and 2000 |
646 | 468 | 27 | 135 | 17 |
Capital improvements not reported |
305 | 217 | 13 | 55 | 20 |
Monthly Rental Receipts Acquired before 2000 |
1288 | 973 | 85 | 201 | 29 |
Less than $100 | 67 | 67 | 0 | 0 | 0 |
$100 to $199 | 31 | 31 | 0 | 0 | 0 |
$200 to $299 | 65 | 25 | 6 | 20 | 15 |
$300 to $399 | 141 | 130 | 0 | 11 | 0 |
$400 to $499 | 149 | 133 | 5 | 11 | 0 |
$500 to $599 | 149 | 109 | 20 | 20 | 0 |
$600 to $799 | 222 | 132 | 15 | 68 | 7 |
$800 to $999 | 128 | 92 | 19 | 18 | 0 |
$1000 or more | 246 | 188 | 21 | 30 | 7 |
No rental receipts | 89 | 66 | 0 | 23 | 0 |
Median | 598 | 562 | 763 | 679 | 300 |
Mean | 737 | 758 | 772 | 640 | 607 |
Acquired 2000 and 2001 (part) | 240 | 165 | 21 | 47 | 7 |
Rental Receipts as Percent of Value@8 Acquired before 2000 |
1288 | 973 | 85 | 201 | 29 |
Less than 5 percent | 64 | 58 | 0 | 6 | 0 |
5 to 9 percent | 348 | 273 | 41 | 24 | 9 |
10 to 14 percent | 641 | 435 | 44 | 147 | 15 |
15 to 19 percent | 45 | 45 | 0 | 0 | 0 |
20 to 24 percent | 5 | 0 | 0 | 0 | 5 |
25 to 29 percent | 9 | 9 | 0 | 0 | 0 |
30 to 39 percent | 0 | 0 | 0 | 0 | 0 |
40 percent or more | 20 | 20 | 0 | 0 | 0 |
Median | 11 | 11 | 10 | 12 | 12 |
Acquired 2000 and 2001 (part) | 240 | 165 | 21 | 47 | 7 |
Rental Vacancy Losses as Percent of Potential Receipts Acquired before 2000 |
1288 | 973 | 85 | 201 | 29 |
Less than 1.0 percent | 392 | 290 | 34 | 63 | 5 |
1.0 to 2.9 percent | 0 | 0 | 0 | 0 | 0 |
3.0 to 4.9 percent | 0 | 0 | 0 | 0 | 0 |
5.0 to 6.9 percent | 14 | 7 | 0 | 7 | 0 |
7.0 to 8.9 percent | 38 | 38 | 0 | 0 | 0 |
9.0 to 10.9 percent | 14 | 7 | 7 | 0 | 0 |
11.0 to 12.9 percent | 6 | 0 | 0 | 6 | 0 |
13.0 to 14.9 percent | 13 | 6 | 0 | 0 | 7 |
15.0 percent or more | 136 | 101 | 6 | 29 | 0 |
Not reported or not computed | 674 | 523 | 38 | 96 | 17 |
Median | 0.8 | 0.8 | 0.7 | 0.8 | 13.3 |
Acquired 2000 and 2001 (part) | 240 | 165 | 21 | 47 | 7 |
Age Restrictions Property restricted to people age 55 or older |
130 | 90 | 5 | 34 | 0 |
Property not restricted to people age 55 or older |
1282 | 978 | 101 | 174 | 29 |
Not reported | 116 | 70 | 0 | 39 | 7 |
Type of Property Benefits@1 Government-sponsored below-market interest rate mortgage loan |
9 | 9 | 0 | 0 | 0 |
Government rental subsidy | 19 | 19 | 0 | 0 | 0 |
Government grant | 13 | 13 | 0 | 0 | 0 |
Property tax relief | 4 | 4 | 0 | 0 | 0 |
Federal income tax credit for low-income, old or historic properties |
0 | 0 | 0 | 0 | 0 |
Accelerated federal income tax depreciation for low- and moderate-income properties |
0 | 0 | 0 | 0 | 0 |
Subsidy from a non-profit corporation | 0 | 0 | 0 | 0 | 0 |
None of the above benefits | 1277 | 928 | 106 | 214 | 29 |
Not reported | 207 | 166 | 0 | 34 | 7 |
Source of Property Benefits@1 With property benefits |
44 | 44 | 0 | 0 | 0 |
Federal government | 27 | 27 | 0 | 0 | 0 |
State government | 10 | 10 | 0 | 0 | 0 |
Local government | 23 | 23 | 0 | 0 | 0 |
Non-profit corporation | 0 | 0 | 0 | 0 | 0 |
Not reported | 0 | 0 | 0 | 0 | 0 |
With no property benefits | 1277 | 928 | 106 | 214 | 29 |
Not reported | 207 | 166 | 0 | 34 | 7 |
Reason for Benefits@1 With property benefits |
44 | 44 | 0 | 0 | 0 |
Occupied by low- or moderate-income individuals |
24 | 24 | 0 | 0 | 0 |
Occupied by elderly or disabled individuals |
0 | 0 | 0 | 0 | 0 |
A historic structure | 0 | 0 | 0 | 0 | 0 |
Located in a community development or economic development area |
0 | 0 | 0 | 0 | 0 |
Covered by a Homestead Exemption | 0 | 0 | 0 | 0 | 0 |
Covered by a Community Land Trust | 0 | 0 | 0 | 0 | 0 |
Covered by disaster relief | 0 | 0 | 0 | 0 | 0 |
Other reason | 19 | 19 | 0 | 0 | 0 |
Not reported | 0 | 0 | 0 | 0 | 0 |
With no property benefits | 1277 | 928 | 106 | 214 | 29 |
Not reported | 207 | 166 | 0 | 34 | 7 |
OWNER CHARACTERISTICS Type of Owner Individual investor(s) |
1257 | 943 | 79 | 198 | 36 |
Limited partnership | 91 | 83 | 0 | 7 | 0 |
Joint venture | 12 | 12 | 0 | 0 | 0 |
General partnership | 16 | 10 | 0 | 5 | 0 |
Life insurance company | 11 | 5 | 0 | 6 | 0 |
Depository institution | 0 | 0 | 0 | 0 | 0 |
Public real estate investment trust | 7 | 0 | 0 | 7 | 0 |
Private real estate investment trust | 0 | 0 | 0 | 0 | 0 |
Corporation - other than real estate investment trust |
95 | 63 | 13 | 19 | 0 |
Housing cooperative organization | 5 | 0 | 0 | 5 | 0 |
Non-profit or church-related institution | 28 | 14 | 14 | 0 | 0 |
Pension fund | 0 | 0 | 0 | 0 | 0 |
Fraternal organization | 0 | 0 | 0 | 0 | 0 |
Other | 7 | 7 | 0 | 0 | 0 |
MORTGAGE CHARACTERISTICS Method of Loan Application By computer over the Internet or by e-mail |
7 | 7 | 0 | 0 | 0 |
By telephone or FAX | 195 | 103 | 24 | 61 | 7 |
By regular mail | 49 | 37 | 0 | 12 | 0 |
By personal visit | 850 | 676 | 58 | 86 | 29 |
Through third party (such as real estate agent or builder) |
162 | 99 | 18 | 44 | 0 |
Some other way | 31 | 31 | 0 | 0 | 0 |
Not reported | 150 | 113 | 0 | 37 | 0 |
Not available | 83 | 71 | 5 | 7 | 0 |
Origin of First Mortgage Mortgage made at time property acquired |
1166 | 858 | 87 | 184 | 36 |
Mortgage assumed at the time property acquired |
119 | 107 | 5 | 7 | 0 |
Mortgage placed later than acquisition of property |
242 | 173 | 13 | 56 | 0 |
Refinanced mortgage | 229 | 160 | 13 | 56 | 0 |
Same lender | 48 | 44 | 5 | 0 | 0 |
Different lender | 181 | 116 | 8 | 56 | 0 |
Mortgage placed on property owned free and clear of debt |
13 | 13 | 0 | 0 | 0 |
Not available | 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 |
242 | 173 | 13 | 56 | 0 |
Obtain lower interest rate | 163 | 132 | 13 | 17 | 0 |
Increase payment period for mortgage | 0 | 0 | 0 | 0 | 0 |
Reduce payment period for mortgage | 0 | 0 | 0 | 0 | 0 |
Renew or extend loan that had fallen due, without increasing outstanding balance |
0 | 0 | 0 | 0 | 0 |
Receive cash or increase outstanding balance of loan |
53 | 32 | 0 | 21 | 0 |
Other reason | 27 | 9 | 0 | 17 | 0 |
Not reported | 0 | 0 | 0 | 0 | 0 |
Other properties | 1285 | 965 | 92 | 192 | 36 |
Not available | 0 | 0 | 0 | 0 | 0 |
Cash Received From Refinancing or Placing Mortgage on Property Owned Free and Clear Properties on which cash received |
95 | 51 | 0 | 44 | 0 |
Less than $20,000 | 57 | 20 | 0 | 38 | 0 |
$20,000 to $39,999 | 19 | 19 | 0 | 0 | 0 |
$40,000 to $59,999 | 7 | 7 | 0 | 0 | 0 |
$60,000 to $79,999 | 12 | 6 | 0 | 6 | 0 |
$80,000 to $99,999 | 0 | 0 | 0 | 0 | 0 |
$100,000 to $124,999 | 0 | 0 | 0 | 0 | 0 |
$125,000 to $149,999 | 0 | 0 | 0 | 0 | 0 |
$150,000 to $174,999 | 0 | 0 | 0 | 0 | 0 |
$175,000 to $199,999 | 0 | 0 | 0 | 0 | 0 |
$200,000 to $249,999 | 0 | 0 | 0 | 0 | 0 |
$250,000 to $299,999 | 0 | 0 | 0 | 0 | 0 |
$300,000 or more | 0 | 0 | 0 | 0 | 0 |
Median | 16554 | 26379 | 0 | 11597 | 0 |
Mean | 22608 | 30843 | 0 | 12991 | 0 |
Properties that refinanced and did not receive cash back |
117 | 98 | 13 | 6 | 0 |
Properties that refinanced and did not report if received cash back |
31 | 24 | 0 | 7 | 0 |
Properties that did not refinance |
1285 | 965 | 92 | 192 | 36 |
Not available | 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 |
95 | 51 | 0 | 44 | 0 |
For additions, improvements or repairs to this property |
13 | 7 | 0 | 6 | 0 |
To consolidate debts | 32 | 6 | 0 | 26 | 0 |
For investment in other real estate | 24 | 12 | 0 | 12 | 0 |
For other types of investments | 6 | 6 | 0 | 0 | 0 |
For educational or medical expenses | 7 | 7 | 0 | 0 | 0 |
To start a business | 0 | 0 | 0 | 0 | 0 |
To settle a divorce | 0 | 0 | 0 | 0 | 0 |
To pay taxes | 0 | 0 | 0 | 0 | 0 |
To purchase an automobile, truck, or other vehicle |
0 | 0 | 0 | 0 | 0 |
To purchase consumer product other than automobile, truck, or other vehicle |
0 | 0 | 0 | 0 | 0 |
Other | 28 | 13 | 0 | 15 | 0 |
Not reported | 0 | 0 | 0 | 0 | 0 |
Properties that refinanced and did not receive cash back |
117 | 98 | 13 | 6 | 0 |
Properties that refinanced and did not report if received cash back |
31 | 24 | 0 | 7 | 0 |
Properties that did not refinance |
1285 | 965 | 92 | 192 | 36 |
Not available | 0 | 0 | 0 | 0 | 0 |
Year First Mortgage Made or Assumed 1999 to 2001 (part) |
570 | 408 | 39 | 109 | 15 |
1997 and 1998 | 244 | 196 | 34 | 9 | 5 |
1995 and 1996 | 191 | 129 | 16 | 38 | 7 |
1990 to 1994 | 245 | 191 | 11 | 42 | 0 |
1985 to 1989 | 147 | 105 | 6 | 37 | 0 |
1980 to 1984 | 50 | 41 | 0 | 0 | 9 |
1979 or earlier | 81 | 68 | 0 | 13 | 0 |
First Mortgage Insurance Status FHA-insured first mortgage |
108 | 88 | 0 | 11 | 9 |
VA-guaranteed first mortgage | 50 | 39 | 0 | 11 | 0 |
Rural Housing Service-Rural Development- insured or -guaranteed first mortgage |
66 | 53 | 0 | 13 | 0 |
Other federal, state, or local government-insured or guaranteed first mortgage |
91 | 78 | 0 | 12 | 0 |
Insured conventional first mortgage | 115 | 79 | 14 | 14 | 7 |
Uninsured conventional first mortgage | 1098 | 800 | 92 | 187 | 20 |
Not reported | 0 | 0 | 0 | 0 | 0 |
Traditional First Mortgage Loan Less than $20,000 |
162 | 132 | 11 | 14 | 5 |
$20,000 to $29,999 | 186 | 157 | 8 | 21 | 0 |
$30,000 to $39,999 | 175 | 116 | 12 | 37 | 9 |
$40,000 to $49,999 | 118 | 87 | 6 | 25 | 0 |
$50,000 to $59,999 | 193 | 165 | 8 | 13 | 7 |
$60,000 to $79,999 | 232 | 144 | 13 | 68 | 7 |
$80,000 to $99,999 | 145 | 112 | 12 | 14 | 7 |
$100,000 to $149,999 | 146 | 100 | 29 | 17 | 0 |
$150,000 to $199,999 | 54 | 24 | 7 | 22 | 0 |
$200,000 to $249,999 | 50 | 44 | 0 | 6 | 0 |
$250,000 to $299,999 | 5 | 5 | 0 | 0 | 0 |
$300,000 or more | 7 | 7 | 0 | 0 | 0 |
Not reported | 55 | 44 | 0 | 10 | 0 |
Median | 54911 | 53305 | 72331 | 62243 | 54990 |
Mean | 66669 | 66017 | 71458 | 69344 | 54839 |
Total Mortgage Loan Less than $20,000 |
162 | 132 | 11 | 14 | 5 |
$20,000 to $29,999 | 184 | 157 | 0 | 27 | 0 |
$30,000 to $39,999 | 175 | 116 | 12 | 37 | 9 |
$40,000 to $49,999 | 110 | 79 | 6 | 25 | 0 |
$50,000 to $59,999 | 181 | 153 | 8 | 13 | 7 |
$60,000 to $79,999 | 237 | 141 | 21 | 68 | 7 |
$80,000 to $99,999 | 145 | 112 | 12 | 14 | 7 |
$100,000 to $149,999 | 168 | 122 | 29 | 17 | 0 |
$150,000 to $199,999 | 48 | 19 | 7 | 22 | 0 |
$200,000 to $249,999 | 46 | 40 | 0 | 6 | 0 |
$250,000 to $299,999 | 5 | 5 | 0 | 0 | 0 |
$300,000 or more | 16 | 16 | 0 | 0 | 0 |
Not reported | 49 | 44 | 0 | 5 | 0 |
Median | 55937 | 54078 | 75163 | 61368 | 54990 |
Mean | 69695 | 69976 | 75103 | 68293 | 54839 |
Traditional First Mortgage Outstanding Debt Less than $10,000 |
114 | 103 | 0 | 6 | 5 |
$10,000 to $19,999 | 114 | 68 | 11 | 35 | 0 |
$20,000 to $29,999 | 247 | 193 | 13 | 31 | 9 |
$30,000 to $39,999 | 160 | 129 | 19 | 12 | 0 |
$40,000 to $49,999 | 138 | 104 | 8 | 26 | 0 |
$50,000 to $59,999 | 165 | 121 | 0 | 37 | 7 |
$60,000 to $79,999 | 204 | 143 | 14 | 40 | 7 |
$80,000 to $99,999 | 136 | 79 | 26 | 23 | 7 |
$100,000 to $149,999 | 120 | 93 | 15 | 13 | 0 |
$150,000 to $199,999 | 41 | 31 | 0 | 10 | 0 |
$200,000 to $249,999 | 27 | 21 | 0 | 6 | 0 |
$250,000 to $299,999 | 12 | 12 | 0 | 0 | 0 |
$300,000 or more | 0 | 0 | 0 | 0 | 0 |
Not reported | 49 | 39 | 0 | 10 | 0 |
Median | 47568 | 45359 | 63148 | 52501 | 54990 |
Mean | 59459 | 58748 | 65421 | 61330 | 51367 |
Total Mortgage Outstanding Debt Less than $10,000 |
114 | 103 | 0 | 6 | 5 |
$10,000 to $19,999 | 114 | 68 | 11 | 35 | 0 |
$20,000 to $29,999 | 245 | 193 | 5 | 37 | 9 |
$30,000 to $39,999 | 160 | 121 | 27 | 12 | 0 |
$40,000 to $49,999 | 125 | 92 | 8 | 26 | 0 |
$50,000 to $59,999 | 165 | 121 | 0 | 37 | 7 |
$60,000 to $79,999 | 204 | 150 | 7 | 40 | 7 |
$80,000 to $99,999 | 148 | 84 | 33 | 23 | 7 |
$100,000 to $149,999 | 129 | 102 | 15 | 13 | 0 |
$150,000 to $199,999 | 39 | 29 | 0 | 10 | 0 |
$200,000 to $249,999 | 20 | 14 | 0 | 6 | 0 |
$250,000 to $299,999 | 12 | 12 | 0 | 0 | 0 |
$300,000 or more | 9 | 9 | 0 | 0 | 0 |
Not reported | 43 | 39 | 0 | 5 | 0 |
Median | 48693 | 46915 | 66110 | 51700 | 54990 |
Mean | 60297 | 60152 | 67123 | 59356 | 51367 |
Current Interest Rate on First Mortgage Less than 6.0 percent |
644 | 455 | 61 | 101 | 27 |
6.0 percent | 15 | 6 | 0 | 10 | 0 |
6.1 to 6.4 percent | 23 | 17 | 0 | 6 | 0 |
6.5 to 6.9 percent | 29 | 17 | 0 | 11 | 0 |
7.0 percent | 71 | 64 | 0 | 7 | 0 |
7.1 to 7.4 percent | 71 | 55 | 5 | 10 | 0 |
7.5 to 7.9 percent | 51 | 42 | 0 | 9 | 0 |
8.0 percent | 74 | 74 | 0 | 0 | 0 |
8.1 to 8.4 percent | 35 | 29 | 0 | 6 | 0 |
8.5 to 8.9 percent | 39 | 24 | 6 | 9 | 0 |
9.0 percent | 22 | 22 | 0 | 0 | 0 |
9.1 to 9.4 percent | 67 | 20 | 16 | 22 | 9 |
9.5 to 9.9 percent | 39 | 35 | 0 | 4 | 0 |
10.0 percent | 14 | 9 | 6 | 0 | 0 |
10.1 to 10.4 percent | 15 | 15 | 0 | 0 | 0 |
10.5 to 10.9 percent | 5 | 0 | 5 | 0 | 0 |
11.0 percent | 26 | 18 | 8 | 0 | 0 |
11.1 to 12.9 percent | 29 | 29 | 0 | 0 | 0 |
13.0 percent | 0 | 0 | 0 | 0 | 0 |
13.1 percent or more | 259 | 208 | 0 | 51 | 0 |
Not reported | 0 | 0 | 0 | 0 | 0 |
Median | 7.1 | 7.2 | 5.2 | 6.8 | 4.1 |
Type of Interest Rate Buydown Properties with interest rate buydown |
25 | 25 | 0 | 0 | 0 |
Constant payment | 0 | 0 | 0 | 0 | 0 |
3-2-1 buydown | 0 | 0 | 0 | 0 | 0 |
Other | 5 | 5 | 0 | 0 | 0 |
Not reported | 20 | 20 | 0 | 0 | 0 |
Properties without interest rate buydown |
491 | 337 | 45 | 108 | 0 |
Not reported | 1011 | 775 | 61 | 140 | 36 |
Term of First Mortgage Less than 5 years |
13 | 13 | 0 | 0 | 0 |
5 years | 27 | 0 | 27 | 0 | 0 |
6 to 9 years | 16 | 7 | 0 | 9 | 0 |
10 years | 28 | 20 | 5 | 3 | 0 |
11 to 14 years | 6 | 6 | 0 | 0 | 0 |
15 years | 95 | 75 | 0 | 19 | 0 |
16 to 19 years | 4 | 4 | 0 | 0 | 0 |
20 years | 24 | 6 | 0 | 18 | 0 |
21 to 24 years | 5 | 5 | 0 | 0 | 0 |
25 years | 10 | 0 | 5 | 4 | 0 |
26 to 29 years | 9 | 9 | 0 | 0 | 0 |
30 years | 388 | 293 | 0 | 85 | 9 |
More than 30 years | 18 | 10 | 8 | 0 | 0 |
No stated term | 885 | 689 | 61 | 109 | 27 |
Median | 30 | 30 | 6 | 30 | 31 |
Unexpired Term of First Mortgage Less than 5 years |
53 | 26 | 27 | 0 | 0 |
5 to 9 years | 82 | 52 | 5 | 25 | 0 |
10 to 14 years | 115 | 71 | 5 | 29 | 9 |
15 to 19 years | 76 | 57 | 0 | 19 | 0 |
20 to 24 years | 67 | 44 | 0 | 23 | 0 |
25 to 29 years | 202 | 172 | 0 | 30 | 0 |
30 or more years | 47 | 27 | 8 | 13 | 0 |
No stated term or not computed | 885 | 689 | 61 | 109 | 27 |
Median | 20 | 22 | 4 | 19 | 13 |
Holder of First Mortgage Commercial bank or trust company |
329 | 208 | 45 | 62 | 15 |
Savings and loan association, federal savings bank |
152 | 124 | 0 | 28 | 0 |
Mutual savings bank | 9 | 9 | 0 | 0 | 0 |
Life insurance company | 30 | 17 | 7 | 6 | 0 |
Mortgage banker or mortgage company | 74 | 64 | 0 | 10 | 0 |
Federally-sponsored secondary market agency or pool |
631 | 488 | 28 | 99 | 17 |
Conventional mortgage pool | 14 | 8 | 0 | 5 | 0 |
Other federal agency | 59 | 41 | 7 | 5 | 5 |
Real estate investment trust | 0 | 0 | 0 | 0 | 0 |
Pension or retirement fund | 0 | 0 | 0 | 0 | 0 |
Credit union | 72 | 51 | 5 | 16 | 0 |
Finance company | 23 | 23 | 0 | 0 | 0 |
State or municipal government or housing finance agency |
71 | 60 | 0 | 11 | 0 |
Individual or individual's estate | 37 | 37 | 0 | 0 | 0 |
Other | 26 | 8 | 13 | 6 | 0 |
First Mortgage Loan as a Percent of Purchase Price Properties acquired by purchase with first mortgage made or assumed at time of purchase | 1163 | 869 | 92 | 166 | 36 |
Less than 40 percent | 16 | 16 | 0 | 0 | 0 |
40 to 49 percent | 14 | 14 | 0 | 0 | 0 |
50 to 59 percent | 27 | 15 | 0 | 5 | 7 |
60 to 69 percent | 163 | 141 | 0 | 21 | 0 |
70 to 79 percent | 102 | 78 | 0 | 24 | 0 |
80 to 89 percent | 211 | 111 | 46 | 38 | 17 |
90 to 94 percent | 66 | 46 | 13 | 8 | 0 |
95 to 99 percent | 99 | 79 | 5 | 15 | 0 |
100 percent or more | 433 | 338 | 29 | 55 | 12 |
Not reported | 31 | 31 | 0 | 0 | 0 |
Median | 92 | 95 | 90 | 89 | 87 |
Other properties | 364 | 269 | 13 | 82 | 0 |
Not available | 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 |
1163 | 869 | 92 | 166 | 36 |
Less than 40 percent | 0 | 0 | 0 | 0 | 0 |
40 to 49 percent | 18 | 18 | 0 | 0 | 0 |
50 to 59 percent | 30 | 24 | 0 | 6 | 0 |
60 to 69 percent | 277 | 219 | 16 | 36 | 7 |
70 to 79 percent | 113 | 86 | 5 | 22 | 0 |
80 to 89 percent | 261 | 104 | 58 | 82 | 17 |
90 to 94 percent | 39 | 31 | 7 | 0 | 0 |
95 to 99 percent | 78 | 73 | 0 | 5 | 0 |
100 percent or more | 314 | 281 | 6 | 15 | 12 |
Not reported | 31 | 31 | 0 | 0 | 0 |
Median | 85 | 87 | 84 | 82 | 87 |
Other properties | 364 | 269 | 13 | 82 | 0 |
Not available | 0 | 0 | 0 | 0 | 0 |
First Mortgage Risk Subprime loan |
124 | 102 | 0 | 23 | 0 |
Not subprime loan | 1403 | 1036 | 106 | 225 | 36 |
Not reported | 0 | 0 | 0 | 0 | 0 |
Index Used to Adjust Interest Rate on ARM Properties with adjustable rate first mortgage |
284 | 0 | 0 | 248 | 36 |
Treasury security | 65 | 0 | 0 | 65 | 0 |
Average cost of funds in bank district | 14 | 0 | 0 | 14 | 0 |
National average cost of funds | 5 | 0 | 0 | 5 | 0 |
OTS contract mortgage rate | 0 | 0 | 0 | 0 | 0 |
Other method | 37 | 0 | 0 | 37 | 0 |
No index used | 0 | 0 | 0 | 0 | 0 |
Not reported | 162 | 0 | 0 | 126 | 36 |
Other properties | 1243 | 1138 | 106 | 0 | 0 |
Not reported | 0 | 0 | 0 | 0 | 0 |
Frequency With Which Rate Can Be Adjusted Properties with adjustable rate first mortgage |
284 | 0 | 0 | 248 | 36 |
Monthly | 14 | 0 | 0 | 14 | 0 |
Every 3 months | 0 | 0 | 0 | 0 | 0 |
Every 6 months | 17 | 0 | 0 | 17 | 0 |
Yearly | 58 | 0 | 0 | 58 | 0 |
Every 3 years | 20 | 0 | 0 | 20 | 0 |
Every 5 years | 14 | 0 | 0 | 14 | 0 |
Other | 0 | 0 | 0 | 0 | 0 |
Not reported | 162 | 0 | 0 | 126 | 36 |
Other properties | 1243 | 1138 | 106 | 0 | 0 |
Not reported | 0 | 0 | 0 | 0 | 0 |
Caps on Interest Rate Per Adjustment Period Properties with adjustable rate first mortgage |
284 | 0 | 0 | 248 | 36 |
Less than 1 percent | 0 | 0 | 0 | 0 | 0 |
1 percent | 0 | 0 | 0 | 0 | 0 |
1.1 to 1.9 percent | 10 | 0 | 0 | 10 | 0 |
2 percent | 60 | 0 | 0 | 60 | 0 |
2.1 to 2.9 percent | 3 | 0 | 0 | 3 | 0 |
3 percent | 0 | 0 | 0 | 0 | 0 |
3.1 to 3.9 percent | 0 | 0 | 0 | 0 | 0 |
4.0 percent or more | 12 | 0 | 0 | 12 | 0 |
No caps | 37 | 0 | 0 | 37 | 0 |
Not reported | 162 | 0 | 0 | 126 | 36 |
Other properties | 1243 | 1138 | 106 | 0 | 0 |
Not reported | 0 | 0 | 0 | 0 | 0 |
Caps on Interest Rate Over Life of ARM Properties with adjustable rate first mortgage |
284 | 0 | 0 | 248 | 36 |
Less than 1 percent | 0 | 0 | 0 | 0 | 0 |
1 percent | 0 | 0 | 0 | 0 | 0 |
1.1 to 1.9 percent | 0 | 0 | 0 | 0 | 0 |
2 percent | 0 | 0 | 0 | 0 | 0 |
2.1 to 2.9 percent | 0 | 0 | 0 | 0 | 0 |
3 percent | 0 | 0 | 0 | 0 | 0 |
3.1 to 3.9 percent | 0 | 0 | 0 | 0 | 0 |
4.0 percent or more | 109 | 0 | 0 | 109 | 0 |
No caps | 13 | 0 | 0 | 13 | 0 |
Not reported | 162 | 0 | 0 | 126 | 36 |
Other properties | 1243 | 1138 | 106 | 0 | 0 |
Not reported | 0 | 0 | 0 | 0 | 0 |
Interest Rate Changed Since Mortgage Made Properties with adjustable rate first mortgage |
284 | 0 | 0 | 248 | 36 |
Yes, rate has changed | 78 | 0 | 0 | 78 | 0 |
No change since mortgage made | 44 | 0 | 0 | 44 | 0 |
Not reported | 162 | 0 | 0 | 126 | 36 |
Other properties | 1243 | 1138 | 106 | 0 | 0 |
Not reported | 0 | 0 | 0 | 0 | 0 |
Percentage of Margin Over Index on ARM Properties with adjustable rate first mortgage |
284 | 0 | 0 | 248 | 36 |
Less than 1 percent | 0 | 0 | 0 | 0 | 0 |
1 percent | 0 | 0 | 0 | 0 | 0 |
1.1 to 1.9 percent | 0 | 0 | 0 | 0 | 0 |
2 percent | 5 | 0 | 0 | 5 | 0 |
2.1 to 2.9 percent | 51 | 0 | 0 | 51 | 0 |
3 percent | 16 | 0 | 0 | 16 | 0 |
3.1 to 3.9 percent | 19 | 0 | 0 | 19 | 0 |
4 percent | 0 | 0 | 0 | 0 | 0 |
4.1 to 4.9 percent | 0 | 0 | 0 | 0 | 0 |
5 percent or more | 23 | 0 | 0 | 23 | 0 |
Not reported | 170 | 0 | 0 | 134 | 36 |
Median | 3.0 | 0.0 | 0.0 | 3.0 | 0.0 |
Other properties | 1243 | 1138 | 106 | 0 | 0 |
Not reported | 0 | 0 | 0 | 0 | 0 |
ARM Convertible to Fixed Rate Mortgage Properties with adjustable rate first mortgage |
284 | 0 | 0 | 248 | 36 |
Can be converted | 26 | 0 | 0 | 26 | 0 |
Cannot be converted | 82 | 0 | 0 | 82 | 0 |
Not reported | 176 | 0 | 0 | 140 | 36 |
Other properties | 1243 | 1138 | 106 | 0 | 0 |
Not reported | 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 | 0 | 0 | 0 | 0 | 0 |
Payments can change monthly | 0 | 0 | 0 | 0 | 0 |
Payments can change every three months | 0 | 0 | 0 | 0 | 0 |
Payments can change every six months | 0 | 0 | 0 | 0 | 0 |
Payments can change yearly | 0 | 0 | 0 | 0 | 0 |
Payments can change every 3 years | 0 | 0 | 0 | 0 | 0 |
Payments can change every 5 years | 0 | 0 | 0 | 0 | 0 |
Other | 0 | 0 | 0 | 0 | 0 |
Not reported | 0 | 0 | 0 | 0 | 0 |
Monthly payments cannot change |
1365 | 1138 | 106 | 122 | 0 |
Not reported | 162 | 0 | 0 | 126 | 36 |
First Mortgage Allows for Negative Amortization Monthly payments can change (other than change in interest rate) |
0 | 0 | 0 | 0 | 0 |
Yes, unrestricted negative amortization | 0 | 0 | 0 | 0 | 0 |
Yes, restricted negative amortization | 0 | 0 | 0 | 0 | 0 |
No negative amortization allowed | 0 | 0 | 0 | 0 | 0 |
Not reported | 0 | 0 | 0 | 0 | 0 |
Monthly payments cannot change | 1365 | 1138 | 106 | 122 | 0 |
Not reported | 162 | 0 | 0 | 126 | 36 |
MORTGAGE PAYMENTS AND OTHER EXPENSES Method of Payment of First Mortgage Regular payments of interest and/or principal |
1354 | 996 | 106 | 216 | 36 |
Interest and principal | 1354 | 996 | 106 | 216 | 36 |
Fully amortized | 1227 | 981 | 5 | 205 | 36 |
Not fully amortized | 127 | 15 | 101 | 11 | 0 |
Interest only | 0 | 0 | 0 | 0 | 0 |
No regular payments required | 6 | 6 | 0 | 0 | 0 |
Not reported | 168 | 136 | 0 | 32 | 0 |
Items Included in First Mortgage Payment@1 Regular monthly payments of both interest and principal |
1354 | 996 | 106 | 216 | 36 |
Real estate taxes | 297 | 236 | 0 | 61 | 0 |
Property insurance | 333 | 262 | 0 | 71 | 0 |
Mortgage insurance | 52 | 52 | 0 | 0 | 0 |
Other | 121 | 106 | 0 | 14 | 0 |
No items included or not reported | 1011 | 728 | 106 | 140 | 36 |
No regular payments of interest and principal |
174 | 141 | 0 | 32 | 0 |
Monthly Interest and Principal Payments on First Mortgage Monthly payments of interest and/or principal |
1354 | 996 | 106 | 216 | 36 |
Less than $100 | 48 | 43 | 5 | 0 | 0 |
$100 to $199 | 67 | 43 | 6 | 18 | 0 |
$200 to $299 | 202 | 147 | 13 | 27 | 15 |
$300 to $399 | 215 | 173 | 0 | 42 | 0 |
$400 to $499 | 127 | 86 | 18 | 23 | 0 |
$500 to $599 | 167 | 129 | 8 | 30 | 0 |
$600 to $699 | 82 | 57 | 13 | 4 | 7 |
$700 to $799 | 112 | 100 | 0 | 12 | 0 |
$800 to $899 | 61 | 33 | 14 | 0 | 15 |
$900 to $999 | 50 | 36 | 0 | 14 | 0 |
$1,000 to $1,249 | 74 | 28 | 21 | 26 | 0 |
$1,250 to $1,499 | 76 | 54 | 8 | 13 | 0 |
$1,500 or more | 73 | 67 | 0 | 6 | 0 |
Median | 511 | 505 | 624 | 489 | 650 |
Mean | 1157 | 1349 | 668 | 611 | 554 |
No regular payments required | 6 | 6 | 0 | 0 | 0 |
Not reported | 168 | 136 | 0 | 32 | 0 |
Current First Mortgage Payment Status Regular monthly payments of principal and/or interest |
1522 | 1132 | 106 | 248 | 36 |
Up-to-date, ahead of schedule, or less than 90 days past due |
537 | 370 | 45 | 122 | 0 |
Delinquent by 90 days or more | 18 | 18 | 0 | 0 | 0 |
Legal proceedings have begun | 12 | 12 | 0 | 0 | 0 |
Legal proceedings have not begun | 5 | 5 | 0 | 0 | 0 |
Not reported | 0 | 0 | 0 | 0 | 0 |
Not reported | 966 | 744 | 61 | 126 | 36 |
Other properties | 6 | 6 | 0 | 0 | 0 |
Monthly Interest and Principal Payments on Total Mortgages Regular monthly payments of interest and/or principal |
1354 | 996 | 106 | 216 | 36 |
Less than $100 | 43 | 38 | 5 | 0 | 0 |
$100 to $199 | 60 | 43 | 6 | 11 | 0 |
$200 to $299 | 192 | 145 | 6 | 27 | 15 |
$300 to $399 | 222 | 173 | 0 | 49 | 0 |
$400 to $499 | 123 | 79 | 26 | 17 | 0 |
$500 to $599 | 167 | 129 | 8 | 30 | 0 |
$600 to $699 | 83 | 52 | 13 | 10 | 7 |
$700 to $799 | 100 | 87 | 0 | 12 | 0 |
$800 to $899 | 55 | 33 | 7 | 0 | 15 |
$900 to $999 | 64 | 50 | 0 | 14 | 0 |
$1,000 to $1,249 | 91 | 45 | 21 | 26 | 0 |
$1,250 to $1,499 | 77 | 49 | 15 | 13 | 0 |
$1,500 or more | 78 | 73 | 0 | 6 | 0 |
Median | 523 | 516 | 624 | 511 | 650 |
Mean | 1186 | 1382 | 705 | 620 | 554 |
No regular monthly payments required |
174 | 141 | 0 | 32 | 0 |
Interest and Principal Payment on First Mortgage as Percent of Rental Receipts Acquired before 2000 and regular payments of interest and/or princi | 1145 | 856 | 85 | 175 | 29 |
Less than 20 percent | 54 | 49 | 5 | 0 | 0 |
20 to 29 percent | 18 | 18 | 0 | 0 | 0 |
30 to 39 percent | 35 | 35 | 0 | 0 | 0 |
40 to 49 percent | 58 | 30 | 0 | 28 | 0 |
50 to 59 percent | 121 | 78 | 0 | 43 | 0 |
60 to 69 percent | 127 | 107 | 7 | 13 | 0 |
70 to 79 percent | 94 | 62 | 6 | 19 | 7 |
80 to 89 percent | 106 | 66 | 19 | 21 | 0 |
90 to 99 percent | 101 | 81 | 16 | 4 | 0 |
100 percent or more | 280 | 203 | 33 | 22 | 22 |
Not reported or not computed | 150 | 127 | 0 | 23 | 0 |
Median | 79 | 78 | 94 | 63 | 32960 |
Other properties | 382 | 281 | 21 | 73 | 7 |
Interest and Principal Payment on Total Mortgages as Percent of Rental Receipts Acquired before 2000 and regular payments of interest and/or principal | 1145 | 856 | 85 | 175 | 29 |
Less than 20 percent | 48 | 43 | 5 | 0 | 0 |
20 to 29 percent | 18 | 18 | 0 | 0 | 0 |
30 to 39 percent | 35 | 35 | 0 | 0 | 0 |
40 to 49 percent | 53 | 25 | 0 | 28 | 0 |
50 to 59 percent | 132 | 89 | 0 | 43 | 0 |
60 to 69 percent | 104 | 83 | 7 | 13 | 0 |
70 to 79 percent | 72 | 54 | 6 | 6 | 7 |
80 to 89 percent | 106 | 66 | 19 | 21 | 0 |
90 to 99 percent | 109 | 89 | 16 | 4 | 0 |
100 percent or more | 318 | 227 | 33 | 35 | 22 |
Not reported or not computed | 150 | 127 | 0 | 23 | 0 |
Median | 83 | 83 | 94 | 63 | 32960 |
Other properties | 382 | 281 | 21 | 73 | 7 |
Real Estate Tax Per $1,000 Value Acquired before 2000 |
1288 | 973 | 85 | 201 | 29 |
Less than $5 | 138 | 113 | 5 | 15 | 5 |
$5 to $9 | 525 | 375 | 49 | 84 | 17 |
$10 to $14 | 253 | 214 | 8 | 30 | 0 |
$15 to $19 | 141 | 91 | 16 | 27 | 7 |
$20 to $24 | 80 | 55 | 7 | 19 | 0 |
$25 to $29 | 56 | 48 | 0 | 8 | 0 |
$30 to $39 | 74 | 62 | 0 | 12 | 0 |
$40 to $49 | 0 | 0 | 0 | 0 | 0 |
$50 to $59 | 0 | 0 | 0 | 0 | 0 |
$60 or more | 0 | 0 | 0 | 0 | 0 |
Not reported or not computed | 21 | 16 | 0 | 5 | 0 |
Median | 10 | 10 | 9 | 10 | 8 |
Acquired 2000 and 2001 (part) | 240 | 165 | 21 | 47 | 7 |
Real Estate Tax as Percent of Rental Receipts Acquired before 2000 |
1288 | 973 | 85 | 201 | 29 |
Less than 5 percent | 74 | 57 | 5 | 7 | 5 |
5 to 9 percent | 401 | 293 | 41 | 59 | 7 |
10 to 14 percent | 236 | 174 | 5 | 40 | 17 |
15 to 19 percent | 180 | 122 | 22 | 37 | 0 |
20 to 24 percent | 106 | 89 | 12 | 6 | 0 |
25 to 29 percent | 62 | 37 | 0 | 25 | 0 |
30 to 34 percent | 25 | 25 | 0 | 0 | 0 |
35 to 39 percent | 8 | 8 | 0 | 0 | 0 |
40 percent or more | 19 | 19 | 0 | 0 | 0 |
Not reported or not computed | 177 | 149 | 0 | 28 | 0 |
Median | 12 | 12 | 10 | 13 | 11 |
Acquired 2000 and 2001 (part) | 240 | 165 | 21 | 47 | 7 |