Residential Finance Survey |
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Total first and junior mortgage debt on- | First mortgage debt on- | Junior mortgage debt on- | |||||||
---|---|---|---|---|---|---|---|---|---|
Properties with- | Properties with- | Properties with- | |||||||
All properties |
FHA first mortgage |
Other first mortgages |
All properties |
FHA first mortgage |
Other first mortgages |
All properties |
FHA first mortgage |
Other first mortgages |
|
Mortgage debt on 5- to 49-housing- unit properties with traditional first mortgage |
116597 | 7979 | 108618 | 108052 | 7519 | 100533 | 8544 | 460 | 8085 |
PROPERTY CHARACTERISTICS Year Property Acquired 1999 to 2001 (part) |
29235 | 1515 | 27720 | 27325 | 1481 | 25844 | 1910 | 34 | 1876 |
1997 and 1998 | 18103 | 804 | 17299 | 17280 | 766 | 16514 | 823 | 39 | 784 |
1995 and 1996 | 11906 | 732 | 11174 | 10854 | 684 | 10169 | 1052 | 47 | 1005 |
1990 to 1994 | 16849 | 1209 | 15640 | 16082 | 1111 | 14970 | 767 | 98 | 669 |
1985 to 1989 | 18344 | 1216 | 17128 | 15387 | 976 | 14411 | 2956 | 240 | 2717 |
1980 to 1984 | 10190 | 1416 | 8774 | 9966 | 1416 | 8551 | 223 | 0 | 223 |
1975 to 1979 | 5338 | 493 | 4845 | 5116 | 490 | 4626 | 222 | 3 | 219 |
1970 to 1974 | 3496 | 147 | 3350 | 3337 | 147 | 3190 | 159 | 0 | 159 |
1969 or earlier | 3137 | 448 | 2689 | 2706 | 448 | 2257 | 431 | 0 | 431 |
Value Less than $100,000 |
1363 | 67 | 1295 | 1324 | 67 | 1257 | 39 | 0 | 39 |
$100,000 to $199,999 | 3937 | 428 | 3509 | 3541 | 186 | 3355 | 396 | 242 | 153 |
$200,000 to $299,999 | 6334 | 322 | 6013 | 6044 | 316 | 5729 | 290 | 6 | 284 |
$300,000 to $399,999 | 7990 | 328 | 7662 | 5580 | 328 | 5252 | 2410 | 0 | 2410 |
$400,000 to $499,999 | 7023 | 457 | 6566 | 6573 | 328 | 6245 | 450 | 129 | 321 |
$500,000 to $749,999 | 14749 | 820 | 13929 | 14050 | 803 | 13247 | 699 | 17 | 682 |
$750,000 to $999,999 | 13603 | 484 | 13119 | 12750 | 470 | 12280 | 852 | 13 | 839 |
$1,000,000 to $1,499,999 | 18100 | 895 | 17205 | 17350 | 882 | 16468 | 750 | 13 | 737 |
$1,500,000 to $1,999,999 | 13054 | 879 | 12176 | 12090 | 844 | 11246 | 964 | 35 | 929 |
$2,000,000 to $2,999,999 | 11791 | 1171 | 10620 | 11059 | 1167 | 9892 | 732 | 4 | 728 |
$3,000,000 to $3,999,999 | 8637 | 1372 | 7265 | 8174 | 1372 | 6802 | 463 | 0 | 463 |
$4,000,000 to $4,999,999 | 3097 | 63 | 3034 | 2980 | 63 | 2917 | 117 | 0 | 117 |
$5,000,000 or more | 6920 | 694 | 6225 | 6536 | 694 | 5842 | 384 | 0 | 384 |
Rental Vacancy Losses as Percent of Potential Receipts Acquired before 2000 |
97342 | 6999 | 90343 | 89858 | 6539 | 83319 | 7484 | 460 | 7025 |
Less than 1.0 percent | 15961 | 407 | 15554 | 14974 | 407 | 14566 | 987 | 0 | 987 |
1.0 to 2.9 percent | 17747 | 2138 | 15609 | 16706 | 2109 | 14597 | 1041 | 30 | 1012 |
3.0 to 4.9 percent | 15559 | 822 | 14736 | 14970 | 767 | 14203 | 588 | 55 | 533 |
5.0 to 6.9 percent | 7578 | 470 | 7108 | 5126 | 464 | 4662 | 2452 | 6 | 2446 |
7.0 to 8.9 percent | 4610 | 313 | 4297 | 4390 | 313 | 4077 | 220 | 0 | 220 |
9.0 to 10.9 percent | 3823 | 90 | 3733 | 3620 | 87 | 3533 | 202 | 3 | 200 |
11.0 to 12.9 percent | 1693 | 238 | 1455 | 1675 | 238 | 1437 | 19 | 0 | 19 |
13.0 to 14.9 percent | 1719 | 102 | 1617 | 1463 | 0 | 1463 | 256 | 102 | 154 |
15.0 percent or more | 6568 | 829 | 5739 | 6065 | 829 | 5235 | 503 | 0 | 503 |
Not reported or not computed | 22085 | 1589 | 20496 | 20870 | 1325 | 19545 | 1216 | 264 | 952 |
Acquired 2000 and 2001 (part) | 19255 | 980 | 18275 | 18194 | 980 | 17214 | 1060 | 0 | 1060 |
OWNER CHARACTERISTICS Type of Owner Individual investor(s) |
50058 | 2750 | 47308 | 47636 | 2392 | 45244 | 2422 | 358 | 2064 |
Limited partnership | 28768 | 2841 | 25927 | 26890 | 2780 | 24110 | 1878 | 61 | 1816 |
Joint venture | 1551 | 236 | 1315 | 1499 | 236 | 1263 | 51 | 0 | 51 |
General partnership | 7905 | 885 | 7020 | 7566 | 885 | 6681 | 338 | 0 | 338 |
Life insurance company | 39 | 0 | 39 | 39 | 0 | 39 | 0 | 0 | 0 |
Depository institution | 17 | 0 | 17 | 17 | 0 | 17 | 0 | 0 | 0 |
Public real estate investment trust | 531 | 0 | 531 | 523 | 0 | 523 | 8 | 0 | 8 |
Private real estate investment trust | 218 | 0 | 218 | 218 | 0 | 218 | 0 | 0 | 0 |
Corporation - other than real estate | 18381 | 904 | 17478 | 15174 | 863 | 14311 | 3207 | 40 | 3167 |
Housing cooperative organization | 1334 | 32 | 1301 | 1152 | 32 | 1120 | 181 | 0 | 181 |
Non-profit or church-related institution | 3867 | 185 | 3682 | 3532 | 185 | 3346 | 336 | 0 | 336 |
Pension fund | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Fraternal organization | 7 | 0 | 7 | 7 | 0 | 7 | 0 | 0 | 0 |
Other | 3921 | 146 | 3775 | 3798 | 146 | 3652 | 123 | 0 | 123 |
MORTGAGE CHARACTERISTICS Total Mortgage Loan Less than $50,000 |
267 | 17 | 250 | 267 | 17 | 250 | 0 | 0 | 0 |
$50,000 to $99,999 | 1444 | 88 | 1356 | 1404 | 88 | 1316 | 39 | 0 | 39 |
$100,000 to $149,999 | 3837 | 209 | 3629 | 3631 | 206 | 3425 | 207 | 3 | 204 |
$150,000 to $199,999 | 4308 | 332 | 3976 | 4266 | 332 | 3935 | 42 | 0 | 42 |
$200,000 to $249,999 | 4254 | 386 | 3868 | 4110 | 380 | 3730 | 144 | 6 | 138 |
$250,000 to $299,999 | 4548 | 384 | 4165 | 4410 | 384 | 4026 | 139 | 0 | 139 |
$300,000 to $399,999 | 7845 | 136 | 7709 | 7637 | 108 | 7529 | 208 | 28 | 180 |
$400,000 to $499,999 | 9567 | 433 | 9134 | 9170 | 429 | 8741 | 397 | 4 | 393 |
$500,000 to $749,999 | 20294 | 1101 | 19193 | 19209 | 748 | 18461 | 1085 | 353 | 732 |
$750,000 to $999,999 | 13345 | 1177 | 12167 | 12830 | 1160 | 11670 | 515 | 18 | 497 |
$1,000,000 to $1,499,999 | 18554 | 1119 | 17435 | 17799 | 1088 | 16711 | 755 | 31 | 724 |
$1,500,000 to $1,999,999 | 10472 | 869 | 9603 | 9635 | 869 | 8766 | 837 | 0 | 837 |
$2,000,000 or more | 17480 | 1711 | 15768 | 13684 | 1711 | 11973 | 3795 | 0 | 3795 |
Not reported | 381 | 17 | 364 | 0 | 0 | 0 | 381 | 17 | 364 |
Total Mortgage Outstanding Debt Less than $50,000 |
537 | 33 | 504 | 532 | 33 | 499 | 5 | 0 | 5 |
$50,000 to $99,999 | 2719 | 161 | 2557 | 2635 | 159 | 2476 | 84 | 3 | 81 |
$100,000 to $149,999 | 4912 | 352 | 4560 | 4826 | 352 | 4474 | 86 | 0 | 86 |
$150,000 to $199,999 | 4421 | 450 | 3971 | 4316 | 444 | 3871 | 106 | 6 | 100 |
$200,000 to $249,999 | 5157 | 394 | 4763 | 4982 | 394 | 4588 | 175 | 0 | 175 |
$250,000 to $299,999 | 4940 | 250 | 4690 | 4752 | 250 | 4502 | 189 | 0 | 189 |
$300,000 to $399,999 | 9615 | 298 | 9317 | 9342 | 270 | 9072 | 273 | 28 | 245 |
$400,000 to $499,999 | 10628 | 754 | 9874 | 10029 | 511 | 9519 | 599 | 243 | 356 |
$500,000 to $749,999 | 18682 | 1019 | 17662 | 17777 | 896 | 16881 | 904 | 123 | 781 |
$750,000 to $999,999 | 12664 | 944 | 11720 | 12043 | 926 | 11117 | 621 | 18 | 603 |
$1,000,000 to $1,499,999 | 18237 | 1182 | 17055 | 17470 | 1143 | 16327 | 766 | 39 | 728 |
$1,500,000 to $1,999,999 | 9168 | 720 | 8447 | 8413 | 720 | 7692 | 755 | 0 | 755 |
$2,000,000 or more | 14918 | 1422 | 13496 | 10937 | 1422 | 9514 | 3982 | 0 | 3982 |
Total Outstanding Debt as a Percent of Value Less than 20 percent |
3401 | 187 | 3214 | 3280 | 187 | 3093 | 121 | 0 | 121 |
20 to 29 percent | 5131 | 241 | 4890 | 5035 | 238 | 4797 | 96 | 3 | 93 |
30 to 39 percent | 9076 | 439 | 8637 | 8760 | 439 | 8321 | 316 | 0 | 316 |
40 to 49 percent | 16245 | 2390 | 13855 | 15778 | 2367 | 13411 | 467 | 22 | 445 |
50 to 59 percent | 16913 | 1298 | 15615 | 16586 | 1290 | 15296 | 327 | 8 | 319 |
60 to 69 percent | 19672 | 824 | 18848 | 19077 | 778 | 18299 | 595 | 46 | 549 |
70 to 79 percent | 12676 | 958 | 11718 | 12259 | 941 | 11318 | 417 | 18 | 400 |
80 to 89 percent | 8760 | 197 | 8563 | 8206 | 197 | 8009 | 554 | 0 | 554 |
90 to 99 percent | 9674 | 944 | 8730 | 8949 | 938 | 8011 | 725 | 6 | 719 |
100 percent or more | 15048 | 501 | 14547 | 10123 | 145 | 9979 | 4925 | 357 | 4568 |
Not reported or not computed | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
MORTGAGE PAYMENTS AND OTHER EXPENSES Monthly Interest and Principal Payments on Total Mortgages Per Housing Unit Regular monthly payments of interest | 113590 | 7927 | 105662 | 105641 | 7468 | 98173 | 7949 | 460 | 7489 |
Less than $100 | 10517 | 433 | 10084 | 9840 | 360 | 9480 | 677 | 74 | 604 |
$100 to $199 | 18197 | 1326 | 16870 | 17391 | 1289 | 16102 | 806 | 38 | 768 |
$200 to $299 | 24336 | 1857 | 22478 | 23451 | 1753 | 21698 | 884 | 104 | 780 |
$300 to $399 | 14345 | 734 | 13611 | 13816 | 730 | 13086 | 530 | 4 | 525 |
$400 to $499 | 9865 | 272 | 9593 | 9557 | 272 | 9285 | 308 | 0 | 308 |
$500 to $599 | 7049 | 661 | 6388 | 6604 | 431 | 6172 | 445 | 230 | 215 |
$600 to $699 | 4556 | 162 | 4394 | 4267 | 162 | 4105 | 289 | 0 | 289 |
$700 to $799 | 3831 | 248 | 3583 | 3433 | 248 | 3185 | 399 | 0 | 399 |
$800 to $899 | 2747 | 11 | 2736 | 2668 | 11 | 2657 | 79 | 0 | 79 |
$900 to $999 | 1414 | 178 | 1236 | 1414 | 178 | 1236 | 0 | 0 | 0 |
$1,000 to $1,249 | 3435 | 607 | 2828 | 3052 | 607 | 2444 | 383 | 0 | 383 |
$1,250 to $1,499 | 3311 | 194 | 3117 | 2722 | 194 | 2528 | 589 | 0 | 589 |
$1,500 or more | 9987 | 1243 | 8745 | 7427 | 1233 | 6194 | 2560 | 9 | 2551 |
Not reported | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
No regular payments required | 3007 | 51 | 2956 | 2412 | 51 | 2360 | 595 | 0 | 595 |
Interest and Principal Payments on Total Mortgages as Percent of Rental Receipts Acquired before 2000 and regular payments of interest and/or principa | 93234 | 6876 | 86358 | 85891 | 6433 | 79458 | 7343 | 443 | 6900 |
Less than 20 percent | 5588 | 321 | 5267 | 5121 | 309 | 4812 | 467 | 12 | 455 |
20 to 29 percent | 8792 | 382 | 8410 | 8326 | 337 | 7989 | 466 | 45 | 421 |
30 to 39 percent | 13249 | 1042 | 12206 | 12634 | 1025 | 11609 | 615 | 18 | 597 |
40 to 49 percent | 15984 | 1635 | 14349 | 15303 | 1516 | 13787 | 681 | 118 | 562 |
50 to 59 percent | 11016 | 558 | 10459 | 10575 | 553 | 10021 | 442 | 4 | 437 |
60 to 69 percent | 7604 | 169 | 7435 | 7186 | 163 | 7023 | 418 | 6 | 412 |
70 to 79 percent | 5627 | 692 | 4935 | 5459 | 692 | 4767 | 168 | 0 | 168 |
80 to 89 percent | 3736 | 547 | 3190 | 3181 | 317 | 2864 | 555 | 230 | 325 |
90 to 99 percent | 1868 | 106 | 1761 | 1712 | 106 | 1606 | 155 | 0 | 155 |
100 percent or more | 19640 | 1425 | 18215 | 16269 | 1416 | 14853 | 3371 | 9 | 3362 |
Not reported or not computed | 130 | 0 | 130 | 127 | 0 | 127 | 3 | 0 | 3 |
Other properties | 23363 | 1103 | 22260 | 22161 | 1086 | 21075 | 1202 | 17 | 1185 |