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Residential Finance Survey - Detailed Regional Tables: 2001

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Residential Finance Survey: 2001 - South
Table 3-2d. Type of First Mortgage, 2- to 4-Unit Homeowner Mortgaged Properties
^Number of mortgaged properties in thousands.
For information on confidentiality protection, sampling error, non-sampling error, and definitions, see text.
For minimum base of derived figures (percent, median, etc.) and meaning of symbols, see text^^

		Fixed rate mortgage
	Total mortgaged properties	Amortized	Short term with balloon payment	Adjustable rate mortgage (ARM)	Other mortgage
2- to 4-housing-unit properties with traditional first mortgage	112	91	8	13	0
PROPERTY CHARACTERISTICS Manner of Acquisition By purchase	111	91	8	12	0
Placed one new mortgage	98	80	8	9	0
Placed two or more new mortgages	8	6	0	2	0
Assumed mortgage(s) already on property	1	0	0	1	0
Assumed mortgage(s) already on property and placed new mortgage	2	2	0	0	0
Borrowed using assets other than this property as collateral	3	3	0	0	0
Paid all cash-no borrowing	0	0	0	0	0
Other manner	0	0	0	0	0
By inheritance or gift	0	0	0	0	0
By divorce	0	0	0	0	0
By some other manner	0	0	0	0	0
Not reported	0	0	0	0	0
Source of Downpayment@1 Properties purchased 1995 to 2001 (part)	60	46	5	9	0
Sale of previous home	17	15	0	2	0
Sale of other real property or other investments	3	3	0	0	0
Savings	31	25	3	3	0
Borrowing from a retirement plan	0	0	0	0	0
Borrowing using assets other than this property as collateral	0	0	0	0	0
Proceeds from an insurance policy	0	0	0	0	0
Payments in a lease-purchase agreement	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
From parents or relatives	12	7	0	5	0
Other	0	0	0	0	0
No downpayment required	4	1	2	2	0
Not reported	2	2	0	0	0
Other properties	52	45	3	4	0
Not reported	0	0	0	0	0
Year Property Acquired 1999 to 2001 (part)	35	26	4	5	0
1997 and 1998	21	17	0	4	0
1995 and 1996	4	3	1	0	0
1990 to 1994	24	19	1	3	0
1985 to 1989	13	11	2	0	0
1980 to 1984	2	2	0	0	0
1975 to 1979	9	9	0	0	0
1970 to 1974	1	1	0	0	0
1969 or earlier	3	3	0	0	0
Property New or Previously Occupied When Acquired Acquired by purchase	111	91	8	12	0
New	16	11	0	5	0
Previously occupied by someone else	95	80	8	7	0
Converted from non-residential use	0	0	0	0	0
Other	0	0	0	0	0
Not reported	0	0	0	0	0
Other properties	0	0	0	0	0
Not reported	0	0	0	0	0
Year Structure Built 1999 to March 2000	9	7	2	0	0
1997 and 1998	7	3	0	4	0
1995 and 1996	1	1	0	0	0
1990 to 1994	8	7	0	2	0
1980 to 1989	21	18	0	3	0
1970 to 1979	20	16	3	0	0
1960 to 1969	6	2	2	2	0
1950 to 1959	12	12	0	0	0
1940 to 1949	9	8	1	0	0
1939 or earlier	18	16	0	3	0
Purchase Price Per Housing Unit@8 Properties acquired by purchase 1997 to 2001 (part)	56	43	4	9	0
Less than $20,000	2	2	0	0	0
$20,000 to $39,999	23	14	2	7	0
$40,000 to $59,999	14	14	0	0	0
$60,000 to $79,999	9	9	0	0	0
$80,000 to $99,999	4	2	2	0	0
$100,000 to $124,999	4	2	0	2	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 to $499,999	0	0	0	0	0
$500,000 or more	0	0	0	0	0
Median	44869	48394	39562	32832	20000-
Mean	48281	48491	54007	44938	0
Other properties	56	48	5	4	0
Value Less than $20,000	0	0	0	0	0
$20,000 to $39,999	6	4	2	0	0
$40,000 to $59,999	9	8	0	1	0
$60,000 to $79,999	15	13	2	0	0
$80,000 to $99,999	22	19	1	3	0
$100,000 to $124,999	11	10	1	0	0
$125,000 to $149,999	25	22	0	3	0
$150,000 to $174,999	6	4	0	2	0
$175,000 to $199,999	2	2	0	0	0
$200,000 to $249,999	4	4	0	0	0
$250,000 to $299,999	9	4	2	4	0
$300,000 to $499,999	2	2	0	0	0
$500,000 or more	0	0	0	0	0
Median	107444	104389	84099	145126	20000-
Mean	121163	115752	107795	169126	0
Value Per Housing Unit@8 Less than $20,000	6	4	2	0	0
$20,000 to $39,999	32	28	3	1	0
$40,000 to $59,999	38	29	1	7	0
$60,000 to $79,999	21	21	0	0	0
$80,000 to $99,999	1	1	0	0	0
$100,000 to $124,999	3	3	0	0	0
$125,000 to $149,999	9	4	2	4	0
$150,000 to $174,999	0	0	0	0	0
$175,000 to $199,999	2	2	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 to $499,999	0	0	0	0	0
$500,000 or more	0	0	0	0	0
Median	49161	49063	33615	53945	20000-
Mean	55443	53559	49498	72997	0
Value of Capital Improvements Properties with capital improvements between 1998 and 2000	51	41	2	8	0
Less than $500	0	0	0	0	0
$500 to $999	0	0	0	0	0
$1,000 to $2,499	13	13	0	0	0
$2,500 to $4,999	5	3	0	2	0
$5,000 to $7,499	13	9	0	3	0
$7,500 to $9,999	5	5	0	0	0
$10,000 to $14,999	9	7	2	0	0
$15,000 to $19,999	0	0	0	0	0
$20,000 to $29,999	0	0	0	0	0
$30,000 or more	6	4	0	3	0
Median	6504	6234	12500	6604	500-
Mean	11252	9091	10000	22445	0
Properties with no capital improvements between 1998 and 2000	43	36	5	3	0
Capital improvements not reported	17	14	2	2	0
Value of Capital Improvements Per Unit Properties with capital improvements between 1998 and 2000	51	41	2	8	0
Less than $500	3	3	0	0	0
$500 to $999	5	5	0	0	0
$1,000 to $2,499	15	10	0	5	0
$2,500 to $4,999	14	14	0	0	0
$5,000 to $7,499	8	6	2	0	0
$7,500 to $9,999	1	1	0	0	0
$10,000 to $14,999	1	1	0	0	0
$15,000 to $19,999	0	0	0	0	0
$20,000 to $29,999	0	0	0	0	0
$30,000 or more	4	1	0	3	0
Median	3030	3078	6250	2166	500-
Mean	4959	3823	5000	10689	0
Properties with no capital improvements between 1998 and 2000	43	36	5	3	0
Capital improvements not reported	17	14	2	2	0
Age Restrictions Property located in subdivision restricted to people age 55 or older	0	0	0	0	0
Property located in subdivision not restricted to people age 55 or older	106	87	6	13	0
Not reported	5	3	2	0	0
Neighborhood Composition Property located in subdivision or neighborhood occupied predominantly by people age 55 or older	15	15	0	0	0
Property located in subdivision or neighborhood not occupied predominantly by people age 55 or older	74	56	6	11	0
Don't know or not reported	23	20	2	1	0
Type of Property Benefits@1 Government-sponsored below-market interest rate mortgage loan	4	4	0	0	0
Other government grant or subsidy	0	0	0	0	0
Property tax relief	7	7	0	0	0
Subsidy from a non-profit corporation	0	0	0	0	0
None of the above benefits	81	64	6	11	0
Not reported	20	16	2	2	0
Source of Property Benefits@1 With property benefits	11	11	0	0	0
Federal government	4	4	0	0	0
State government	5	5	0	0	0
Local government	0	0	0	0	0
Non-profit corporation	0	0	0	0	0
Not reported	2	2	0	0	0
With no property benefits	81	64	6	11	0
Not reported	20	16	2	2	0
Reason for Benefits@1 With property benefits	11	11	0	0	0
Occupied by low- or moderate-income individuals	2	2	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	7	7	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	2	2	0	0	0
Not reported	2	2	0	0	0
With no property benefits	81	64	6	11	0
Not reported	20	16	2	2	0
OWNER CHARACTERISTICS Owner Status 1 owner	44	32	5	7	0
2 owners	68	59	3	6	0
3 or more owners	0	0	0	0	0
Age of Owner Under 25	2	2	0	0	0
25 to 34	19	17	0	2	0
35 to 44	25	21	0	4	0
45 to 54	24	18	2	4	0
55 to 64	23	18	3	3	0
65 to 74	5	5	0	0	0
75 and over	5	3	2	0	0
Not reported	8	6	2	0	0
Median	47	45	60	47	25-
Race of Owner White alone	99	78	8	13	0
Black or African American alone	13	13	0	0	0
American Indian or Alaska Native alone	0	0	0	0	0
Asian alone	0	0	0	0	0
Native Hawaiian or Other Pacific Islander alone	0	0	0	0	0
Two or more races	0	0	0	0	0
Sex of Owner Male/Male and female co-owners	80	67	6	6	0
Female	32	24	2	7	0
Hispanic/Latino Origin Hispanic/Latino owner(s) only	24	16	1	7	0
No Hispanic/Latino owner(s)	87	75	7	6	0
Veteran Status@1 Veteran	13	11	1	1	0
Active member of Reserves or National Guard for at least 6 years	0	0	0	0	0
Persian Gulf War or after (August 1990 to present)	0	0	0	0	0
Vietnam or after (August 1964 to July 1990)	9	6	1	1	0
Korean conflict or after (July 1950 to July 1964)	4	4	0	0	0
World War II or after (September 1940 to June 1950)	2	2	0	0	0
Nonveteran	92	76	5	11	0
Not reported	6	4	2	0	0
Income Less than $5,000	11	9	0	2	0
$5,000 to $9,999	0	0	0	0	0
$10,000 to $14,999	3	3	0	0	0
$15,000 to $19,999	4	3	1	0	0
$20,000 to $24,999	11	6	4	2	0
$25,000 to $29,999	4	4	0	0	0
$30,000 to $34,999	5	5	0	0	0
$35,000 to $39,999	15	13	0	2	0
$40,000 to $49,999	13	11	0	2	0
$50,000 to $59,999	14	10	0	4	0
$60,000 to $79,999	11	11	0	0	0
$80,000 to $99,999	4	4	0	0	0
$100,000 to $119,999	10	6	2	2	0
$120,000 or more	7	5	1	0	0
Median	41148	41628	23631	44370	5000-
Mean	56841	58203	57646	46444	0
Owned Home Previously Previously owned home	55	41	3	11	0
Never owned home before	47	42	3	2	0
Not reported	10	8	2	0	0
MORTGAGE CHARACTERISTICS Method of Loan Application By computer over the Internet or by e-mail	0	0	0	0	0
By telephone or FAX	7	6	1	0	0
By regular mail	5	5	0	0	0
By personal visit	67	55	3	9	0
Through third party (such as real estate agent or builder)	26	22	2	2	0
Some other way	0	0	0	0	0
Not reported	7	3	2	2	0
Not available	0	0	0	0	0
Origin of First Mortgage Mortgage made at time property acquired	80	64	6	9	0
Mortgage assumed at the time property acquired	3	2	0	1	0
Mortgage placed later than acquisition of property	29	25	2	2	0
Refinanced mortgage	27	23	2	2	0
Same lender	7	7	0	0	0
Different lender	20	16	2	2	0
Mortgage placed on property owned free and clear of debt	2	2	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	29	25	2	2	0
Obtain lower interest rate	20	16	2	2	0
Increase payment period for mortgage	0	0	0	0	0
Reduce payment period for mortgage	2	2	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	7	7	0	0	0
Other reason	0	0	0	0	0
Not reported	0	0	0	0	0
Other properties	83	66	6	10	0
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	11	9	0	2	0
Less than $20,000	7	5	0	2	0
$20,000 to $39,999	4	4	0	0	0
$40,000 to $59,999	0	0	0	0	0
$60,000 to $79,999	0	0	0	0	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	20000-	20000-	20000-	20000-	20000-
Mean	17266	19102	0	10000	0
Properties that refinanced and did not receive cash back	15	13	2	0	0
Properties that refinanced and did not report if received cash back	3	3	0	0	0
Properties that did not refinance	83	66	6	10	0
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	11	9	0	2	0
For additions, improvements or repairs to this property	8	7	0	0	0
To consolidate debts	4	2	0	2	0
For investment in other real estate	0	0	0	0	0
For other types of investments	0	0	0	0	0
For educational or medical expenses	2	2	0	0	0
To start a business	0	0	0	0	0
To settle a divorce	2	2	0	0	0
To pay taxes	0	0	0	0	0
To purchase an automobile, truck, or other vehicle	2	2	0	0	0
To purchase consumer product other than automobile, truck, or other vehicle	0	0	0	0	0
Other	2	2	0	0	0
Not reported	0	0	0	0	0
Properties that refinanced and did not receive cash back	15	13	2	0	0
Properties that refinanced and did not report if received cash back	3	3	0	0	0
Properties that did not refinance	83	66	6	10	0
Not available	0	0	0	0	0
Year First Mortgage Made or Assumed 1999 to 2001 (part)	45	34	4	8	0
1997 and 1998	27	25	0	2	0
1995 and 1996	8	5	3	0	0
1990 to 1994	22	17	1	3	0
1985 to 1989	4	4	0	0	0
1980 to 1984	4	4	0	0	0
1979 or earlier	2	2	0	0	0
First Mortgage Insurance Status FHA-insured first mortgage	22	19	0	3	0
VA-guaranteed first mortgage	2	2	0	0	0
Rural Housing Service-Rural Development- insured or -guaranteed first mortgage	1	1	0	0	0
Other federal, state, or local government-insured or guaranteed first mortgage	3	1	2	0	0
Insured conventional first mortgage	6	4	0	2	0
Uninsured conventional first mortgage	79	64	6	8	0
Not reported	0	0	0	0	0
Traditional First Mortgage Loan Less than $20,000	4	4	0	0	0
$20,000 to $29,999	14	12	2	0	0
$30,000 to $39,999	8	8	0	0	0
$40,000 to $49,999	4	2	0	2	0
$50,000 to $59,999	17	13	3	1	0
$60,000 to $79,999	12	12	0	0	0
$80,000 to $99,999	25	20	1	5	0
$100,000 to $149,999	22	20	0	2	0
$150,000 to $199,999	4	1	2	2	0
$200,000 to $249,999	2	0	0	2	0
$250,000 to $299,999	0	0	0	0	0
$300,000 or more	0	0	0	0	0
Not reported	0	0	0	0	0
Median	75229	70821	56891	95746	20000-
Mean	76031	71910	74725	106738	0
Total Mortgage Loan Less than $20,000	4	4	0	0	0
$20,000 to $29,999	14	12	2	0	0
$30,000 to $39,999	8	8	0	0	0
$40,000 to $49,999	4	2	0	2	0
$50,000 to $59,999	14	9	3	1	0
$60,000 to $79,999	10	10	0	0	0
$80,000 to $99,999	27	21	1	5	0
$100,000 to $149,999	21	20	0	2	0
$150,000 to $199,999	6	2	2	2	0
$200,000 to $249,999	2	0	0	2	0
$250,000 to $299,999	0	0	0	0	0
$300,000 or more	1	1	0	0	0
Not reported	0	0	0	0	0
Median	81340	78555	56891	95746	20000-
Mean	85625	83201	74725	110334	0
Traditional First Mortgage Outstanding Debt Less than $10,000	1	1	0	0	0
$10,000 to $19,999	5	5	0	0	0
$20,000 to $29,999	16	15	2	0	0
$30,000 to $39,999	8	8	0	0	0
$40,000 to $49,999	7	2	3	2	0
$50,000 to $59,999	11	10	0	1	0
$60,000 to $79,999	15	15	0	0	0
$80,000 to $99,999	25	18	1	6	0
$100,000 to $149,999	21	17	2	2	0
$150,000 to $199,999	2	0	0	2	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
Not reported	0	0	0	0	0
Median	68991	65590	46891	91591	10000-
Mean	69404	65588	63840	100703	0
Total Mortgage Outstanding Debt Less than $10,000	1	1	0	0	0
$10,000 to $19,999	5	5	0	0	0
$20,000 to $29,999	16	15	2	0	0
$30,000 to $39,999	8	8	0	0	0
$40,000 to $49,999	7	2	3	2	0
$50,000 to $59,999	8	7	0	1	0
$60,000 to $79,999	15	15	0	0	0
$80,000 to $99,999	24	16	1	6	0
$100,000 to $149,999	22	18	2	2	0
$150,000 to $199,999	2	2	0	0	0
$200,000 to $249,999	2	0	0	2	0
$250,000 to $299,999	0	0	0	0	0
$300,000 or more	1	1	0	0	0
Not reported	0	0	0	0	0
Median	72920	69625	46891	91591	10000-
Mean	78930	76849	63840	103907	0
Current Interest Rate on First Mortgage Less than 6.0 percent	36	29	5	2	0
6.0 percent	0	0	0	0	0
6.1 to 6.4 percent	1	1	0	0	0
6.5 to 6.9 percent	3	3	0	0	0
7.0 percent	13	11	0	2	0
7.1 to 7.4 percent	13	10	2	2	0
7.5 to 7.9 percent	4	4	0	0	0
8.0 percent	3	3	0	0	0
8.1 to 8.4 percent	0	0	0	0	0
8.5 to 8.9 percent	3	3	0	0	0
9.0 percent	0	0	0	0	0
9.1 to 9.4 percent	4	2	0	3	0
9.5 to 9.9 percent	0	0	0	0	0
10.0 percent	2	0	2	0	0
10.1 to 10.4 percent	3	3	0	0	0
10.5 to 10.9 percent	3	3	0	0	0
11.0 percent	6	6	0	0	0
11.1 to 12.9 percent	4	4	0	0	0
13.0 percent	0	0	0	0	0
13.1 percent or more	15	10	0	5	0
Not reported	0	0	0	0	0
Median	7.2	7.1	5.4	9.3	0.0
Type of Interest Rate Buydown Properties with interest rate buydown	2	2	0	0	0
Constant payment	0	0	0	0	0
3-2-1 buydown	0	0	0	0	0
Other	0	0	0	0	0
Not reported	2	2	0	0	0
Properties without interest rate buydown	36	30	4	2	0
Not reported	74	58	5	11	0
Term of First Mortgage Less than 5 years	4	0	4	0	0
5 years	0	0	0	0	0
6 to 9 years	0	0	0	0	0
10 years	3	3	0	0	0
11 to 14 years	0	0	0	0	0
15 years	8	7	0	0	0
16 to 19 years	0	0	0	0	0
20 years	1	1	0	0	0
21 to 24 years	0	0	0	0	0
25 years	0	0	0	0	0
26 to 29 years	0	0	0	0	0
30 years	38	34	0	4	0
More than 30 years	0	0	0	0	0
No stated term	58	46	5	8	0
Median	30	30	5-	30	5-
Unexpired Term of First Mortgage Less than 5 years	4	1	4	0	0
5 to 9 years	3	3	0	0	0
10 to 14 years	8	7	0	0	0
15 to 19 years	1	1	0	0	0
20 to 24 years	5	3	0	2	0
25 to 29 years	24	21	0	3	0
30 or more years	9	9	0	0	0
No stated term or not computed	58	46	5	8	0
Median	26	26	5-	25	5-
Holder of First Mortgage Commercial bank or trust company	25	19	3	3	0
Savings and loan association, federal savings bank	4	2	0	2	0
Mutual savings bank	0	0	0	0	0
Life insurance company	0	0	0	0	0
Mortgage banker or mortgage company	6	6	0	0	0
Federally-sponsored secondary market agency or pool	60	53	2	5	0
Conventional mortgage pool	4	4	0	0	0
Other federal agency	5	5	0	0	0
Real estate investment trust	0	0	0	0	0
Pension or retirement fund	0	0	0	0	0
Credit union	0	0	0	0	0
Finance company	3	0	3	0	0
State or municipal government or housing finance agency	4	1	0	3	0
Individual or individual's estate	0	0	0	0	0
Other	1	1	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	83	66	6	10	0
Less than 40 percent	0	0	0	0	0
40 to 49 percent	2	2	0	0	0
50 to 59 percent	4	2	1	0	0
60 to 69 percent	12	8	2	2	0
70 to 79 percent	1	1	0	0	0
80 to 89 percent	12	9	2	2	0
90 to 94 percent	9	9	0	0	0
95 to 99 percent	8	7	0	1	0
100 percent or more	35	28	1	6	0
Not reported	0	0	0	0	0
Median	96	96	69	100+	40-
Other properties	29	25	2	2	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	83	66	6	10	0
Less than 40 percent	2	2	0	0	0
40 to 49 percent	0	0	0	0	0
50 to 59 percent	3	0	3	0	0
60 to 69 percent	15	14	0	2	0
70 to 79 percent	3	2	0	2	0
80 to 89 percent	12	9	2	2	0
90 to 94 percent	10	10	0	0	0
95 to 99 percent	10	9	0	1	0
100 percent or more	26	20	1	4	0
Not reported	0	0	0	0	0
Median	92	93	80	96	40-
Other properties	29	25	2	2	0
Not available	0	0	0	0	0
First Mortgage Risk Subprime loan	13	11	0	2	0
Not subprime loan	99	80	8	11	0
Not reported	0	0	0	0	0
Index Used to Adjust Interest Rate on ARM Properties with adjustable rate first mortgage	13	0	0	13	0
Treasury security	2	0	0	2	0
Average cost of funds in bank district	0	0	0	0	0
National average cost of funds	0	0	0	0	0
OTS contract mortgage rate	0	0	0	0	0
Other method	0	0	0	0	0
No index used	0	0	0	0	0
Not reported	11	0	0	11	0
Other properties	99	91	8	0	0
Not reported	0	0	0	0	0
Frequency With Which Rate Can Be Adjusted Properties with adjustable rate first mortgage	13	0	0	13	0
Monthly	0	0	0	0	0
Every 3 months	0	0	0	0	0
Every 6 months	0	0	0	0	0
Yearly	2	0	0	2	0
Every 3 years	0	0	0	0	0
Every 5 years	0	0	0	0	0
Other	0	0	0	0	0
Not reported	11	0	0	11	0
Other properties	99	91	8	0	0
Not reported	0	0	0	0	0
Caps on Interest Rate Per Adjustment Period Properties with adjustable rate first mortgage	13	0	0	13	0
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	2	0	0	2	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	0	0	0	0	0
No caps	0	0	0	0	0
Not reported	11	0	0	11	0
Other properties	99	91	8	0	0
Not reported	0	0	0	0	0
Caps on Interest Rate Over Life of ARM Properties with adjustable rate first mortgage	13	0	0	13	0
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	2	0	0	2	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	0	0	0	0	0
No caps	0	0	0	0	0
Not reported	11	0	0	11	0
Other properties	99	91	8	0	0
Not reported	0	0	0	0	0
Interest Rate Changed Since Mortgage Made Properties with adjustable rate first mortgage	13	0	0	13	0
Yes, rate has changed	2	0	0	2	0
No change since mortgage made	0	0	0	0	0
Not reported	11	0	0	11	0
Other properties	99	91	8	0	0
Not reported	0	0	0	0	0
Percentage of Margin Over Index on ARM Properties with adjustable rate first mortgage	13	0	0	13	0
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	2	0	0	2	0
3.1 to 3.9 percent	0	0	0	0	0
4 percent	0	0	0	0	0
4.1 to 4.9 percent	0	0	0	0	0
5 percent or more	0	0	0	0	0
Not reported	11	0	0	11	0
Median	3.0	0.0	0.0	3.0	0.0
Other properties	99	91	8	0	0
Not reported	0	0	0	0	0
ARM Convertible to Fixed Rate Mortgage Properties with adjustable rate first mortgage	13	0	0	13	0
Can be converted	0	0	0	0	0
Cannot be converted	2	0	0	2	0
Not reported	11	0	0	11	0
Other properties	99	91	8	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	101	91	8	2	0
Not reported	11	0	0	11	0
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	101	91	8	2	0
Not reported	11	0	0	11	0
MORTGAGE PAYMENTS AND OTHER EXPENSES Method of Payment of First Mortgage Regular payments of interest and/or principal	106	89	6	11	0
Interest and principal	106	89	6	11	0
Fully amortized	96	85	0	11	0
Not fully amortized	11	4	6	0	0
Interest only	0	0	0	0	0
No regular payments required	2	0	2	0	0
Not reported	3	2	0	2	0
Items Included in First Mortgage Payment@1 Regular monthly payments of both interest and principal	106	89	6	11	0
Real estate taxes	33	32	0	2	0
Property insurance	29	28	0	2	0
Mortgage insurance	9	9	0	0	0
Other	12	12	0	0	0
No items included or not reported	73	57	6	9	0
No regular payments of interest and principal	5	2	2	2	0
Monthly Interest and Principal Payments on First Mortgage Monthly payments of interest and/or principal	106	89	6	11	0
Less than $100	0	0	0	0	0
$100 to $199	6	6	0	0	0
$200 to $299	9	9	0	0	0
$300 to $399	15	12	3	0	0
$400 to $499	15	11	3	1	0
$500 to $599	6	6	0	0	0
$600 to $699	21	21	0	0	0
$700 to $799	7	5	0	3	0
$800 to $899	5	5	0	0	0
$900 to $999	11	9	0	2	0
$1,000 to $1,249	6	3	0	4	0
$1,250 to $1,499	5	3	0	2	0
$1,500 or more	0	0	0	0	0
Median	609	604	401	991	100-
Mean	608	576	409	991	0
No regular payments required	2	0	2	0	0
Not reported	3	2	0	2	0
Current First Mortgage Payment Status Regular monthly payments of principal and/or interest	110	91	6	13	0
Up-to-date, ahead of schedule, or less than 90 days past due	40	37	2	2	0
Delinquent by 90 days or more	0	0	0	0	0
Legal proceedings have begun	0	0	0	0	0
Legal proceedings have not begun	0	0	0	0	0
Not reported	0	0	0	0	0
Not reported	69	54	5	11	0
Other properties	2	0	2	0	0
Monthly Interest and Principal Payments on Total Mortgages Regular monthly payments of interest and/or principal	106	89	6	11	0
Less than $100	0	0	0	0	0
$100 to $199	6	6	0	0	0
$200 to $299	9	9	0	0	0
$300 to $399	13	10	3	0	0
$400 to $499	15	11	3	1	0
$500 to $599	6	6	0	0	0
$600 to $699	20	20	0	0	0
$700 to $799	8	5	0	3	0
$800 to $899	4	4	0	0	0
$900 to $999	11	9	0	2	0
$1,000 to $1,249	5	2	0	4	0
$1,250 to $1,499	7	6	0	2	0
$1,500 or more	1	1	0	0	0
Median	618	612	401	991	100-
Mean	835	847	409	991	0
No regular monthly payments required	5	2	2	2	0
Interest and Principal Payments on Total Mortgages as Percent of Income Regular monthly payments of interest and/or principal	106	89	6	11	0
Less than 5 percent	4	2	1	0	0
5 to 9 percent	18	18	0	0	0
10 to 14 percent	17	16	0	1	0
15 to 19 percent	27	20	2	4	0
20 to 24 percent	7	7	0	0	0
25 to 29 percent	11	6	3	2	0
30 to 34 percent	0	0	0	0	0
35 to 39 percent	5	3	0	2	0
40 to 49 percent	4	4	0	0	0
50 percent or more	3	1	0	2	0
Not reported or not computed	9	9	0	0	0
Median	16.7	15.7	25.1	25.2	4.5-
No regular monthly payments required	5	2	2	2	0

@1Detail does not add to total because more than one answer accepted.
@8May not add to total because not reported and not calculated are not included.
@8May not add to total because not reported and not calculated are not included.
@1Detail does not add to total because more than one answer accepted.
@1Detail does not add to total because more than one answer accepted.
@1Detail does not add to total because more than one answer accepted.
@1Detail does not add to total because more than one answer accepted.
@1Detail does not add to total because more than one answer accepted.
@1Detail does not add