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Residential Finance Survey - Detailed Regional Tables: 2001

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Residential Finance Survey: 2001 - Northeast
Table 4-2b. Type of First Mortgage, 1-Housing-Unit Rental and Vacant 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. Monthly Rental Receipts, Rental Receipts as Percent of Value, Rental Vacancy Losses as Percent
of Potential Receipts, Interest and Principal Payments on First Mortgage as Percent of Rental Receipts and Real
Estate Tax as Percent of Rental Receipts acquired before 2000 exclude properties with less than half of units in
rental market during all of year preceding survey and cooperatively owned apartments^^

		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	474	346	5	116	8
PROPERTY CHARACTERISTICS Manner of Acquisition By purchase	408	307	5	88	8
Placed one new mortgage	353	266	5	75	8
Placed two or more new mortgages	0	0	0	0	0
Assumed mortgage(s) already on property	28	21	0	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	20	14	0	6	0
Paid all cash-no borrowing	6	6	0	0	0
Other manner	0	0	0	0	0
By inheritance or gift	23	7	0	16	0
By divorce	0	0	0	0	0
By tax free exchange of other property	0	0	0	0	0
By foreclosure or assignment	6	0	0	6	0
By some other manner	0	0	0	0	0
Not reported	38	33	0	5	0
Source of Downpayment@1 Properties purchased 1995 to 2001 (part)	227	177	0	43	8
Sale of stock or other partnership shares for this project	6	6	0	0	0
Sale of previously owned stocks, shares, or other securities	23	14	0	9	0
Sale of land or other real estate	21	21	0	0	0
Owner's cash, bank deposits, share accounts, or bonds	101	80	0	21	0
Borrowing from a retirement plan	17	17	0	0	0
Borrowing using assets other than this property as collateral	45	20	0	17	8
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	0	0	0	0	0
Other cash source	0	0	0	0	0
Non-cash source	0	0	0	0	0
No downpayment required	11	6	0	4	0
Not reported	13	13	0	0	0
Other properties	209	137	5	67	0
Not reported	38	33	0	5	0
Year Property Acquired 1999 to 2001 (part)	128	106	0	22	0
1997 and 1998	107	68	0	31	8
1995 and 1996	47	42	0	5	0
1990 to 1994	80	58	4	18	0
1985 to 1989	52	40	0	12	0
1980 to 1984	18	12	1	5	0
1975 to 1979	21	7	0	14	0
1970 to 1974	7	7	0	0	0
1969 or earlier	14	6	0	8	0
Property New or Previously Owned When Acquired Acquired by purchase	408	307	5	88	8
New	47	20	0	27	0
Previously owned	361	287	5	61	8
As residential property	354	281	5	61	8
Converted from nonresidential use	6	6	0	0	0
Other	0	0	0	0	0
Not reported	0	0	0	0	0
Other properties	28	7	0	22	0
Not reported	38	33	0	5	0
Year Structure Built 1999 to March 2000	23	23	0	0	0
1997 and 1998	8	8	0	0	0
1995 and 1996	5	0	0	5	0
1990 to 1994	13	7	0	6	0
1980 to 1989	50	25	0	17	8
1970 to 1979	28	13	0	15	0
1960 to 1969	53	44	0	9	0
1950 to 1959	109	101	0	8	0
1940 to 1949	45	38	1	6	0
1939 or earlier	141	88	4	49	0
Purchase Price Properties acquired by purchase 1997 to 2001 (part)	188	138	0	43	8
Less than $20,000	13	6	0	6	0
$20,000 to $39,999	19	2	0	16	0
$40,000 to $59,999	14	14	0	0	0
$60,000 to $79,999	37	23	0	7	8
$80,000 to $99,999	20	20	0	0	0
$100,000 to $124,999	22	22	0	0	0
$125,000 to $149,999	30	26	0	4	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	21	11	0	9	0
$250,000 to $299,999	8	8	0	0	0
$300,000 to $499,999	0	0	0	0	0
$500,000 or more	5	5	0	0	0
Median	91969	104521	0	38469	70000
Mean	113619	124832	0	83849	79000
Other properties	286	209	5	73	0
Value Less than $20,000	0	0	0	0	0
$20,000 to $39,999	49	43	0	6	0
$40,000 to $59,999	69	43	0	26	0
$60,000 to $79,999	40	34	0	7	0
$80,000 to $99,999	63	49	0	6	8
$100,000 to $124,999	62	44	0	18	0
$125,000 to $149,999	18	13	0	5	0
$150,000 to $174,999	52	48	0	4	0
$175,000 to $199,999	24	8	0	16	0
$200,000 to $249,999	42	16	4	22	0
$250,000 to $299,999	1	0	1	0	0
$300,000 to $499,999	30	30	0	0	0
$500,000 or more	24	19	0	5	0
Median	106369	102923	228765	117120	90000
Mean	150444	151468	233508	148554	84000
Value of Capital Improvements Properties with capital improvements between 1998 and 2000	251	183	4	64	0
Less than $500	8	8	0	0	0
$500 to $999	0	0	0	0	0
$1,000 to $2,499	61	50	0	12	0
$2,500 to $4,999	33	20	0	13	0
$5,000 to $7,499	58	30	4	24	0
$7,500 to $9,999	4	0	0	4	0
$10,000 to $14,999	25	18	0	6	0
$15,000 to $19,999	22	22	0	0	0
$20,000 to $29,999	6	6	0	0	0
$30,000 or more	33	28	0	5	0
Median	6000	6152	6250	5765	0
Mean	15805	18324	5000	9314	0
Properties with no capital improvements between 1998 and 2000	179	145	1	25	8
Capital improvements not reported	45	19	0	26	0
Monthly Rental Receipts Acquired before 2000	407	301	5	94	8
Less than $100	5	5	0	0	0
$100 to $199	12	12	0	0	0
$200 to $299	15	15	0	0	0
$300 to $399	22	7	0	15	0
$400 to $499	62	45	0	17	0
$500 to $599	56	40	0	8	8
$600 to $799	56	45	0	12	0
$800 to $999	21	14	0	7	0
$1000 or more	123	93	5	25	0
No rental receipts	34	25	0	10	0
Median	651	662	5000500	635	550
Mean	7127	8939	8321	1823	500
Acquired 2000 and 2001 (part)	67	46	0	22	0
Rental Receipts as Percent of Value@8 Acquired before 2000	407	301	5	94	8
Less than 5 percent	42	29	0	13	0
5 to 9 percent	88	66	0	14	8
10 to 14 percent	190	141	4	45	0
15 to 19 percent	15	9	0	6	0
20 to 24 percent	18	18	0	0	0
25 to 29 percent	2	2	0	0	0
30 to 39 percent	5	0	0	5	0
40 percent or more	8	7	1	0	0
Median	11	11	13	12	8
Acquired 2000 and 2001 (part)	67	46	0	22	0
Rental Vacancy Losses as Percent of Potential Receipts Acquired before 2000	407	301	5	94	8
Less than 1.0 percent	131	90	0	41	0
1.0 to 2.9 percent	5	0	0	5	0
3.0 to 4.9 percent	0	0	0	0	0
5.0 to 6.9 percent	0	0	0	0	0
7.0 to 8.9 percent	7	7	0	0	0
9.0 to 10.9 percent	1	0	1	0	0
11.0 to 12.9 percent	0	0	0	0	0
13.0 to 14.9 percent	0	0	0	0	0
15.0 percent or more	30	30	0	0	0
Not reported or not computed	234	174	4	48	8
Median	0.7	0.7	10.0	0.6	0.0
Acquired 2000 and 2001 (part)	67	46	0	22	0
Age Restrictions Property restricted to people age 55 or older	57	41	0	16	0
Property not restricted to people age 55 or older	397	298	5	87	8
Not reported	20	7	0	13	0
Type of Property Benefits@1 Government-sponsored below-market interest rate mortgage loan	0	0	0	0	0
Government rental subsidy	6	6	0	0	0
Government grant	0	0	0	0	0
Property tax relief	20	14	0	5	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	8	0	0	0	8
None of the above benefits	416	307	4	105	0
Not reported	25	19	1	5	0
Source of Property Benefits@1 With property benefits	34	21	0	5	8
Federal government	0	0	0	0	0
State government	21	21	0	0	0
Local government	0	0	0	0	0
Non-profit corporation	8	0	0	0	8
Not reported	5	0	0	5	0
With no property benefits	416	307	4	105	0
Not reported	25	19	1	5	0
Reason for Benefits@1 With property benefits	34	21	0	5	8
Occupied by low- or moderate-income individuals	6	6	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	17	9	0	0	8
Not reported	11	5	0	5	0
With no property benefits	416	307	4	105	0
Not reported	25	19	1	5	0
OWNER CHARACTERISTICS Type of Owner Individual investor(s)	397	294	4	99	0
Limited partnership	24	23	1	0	0
Joint venture	0	0	0	0	0
General partnership	6	6	0	0	0
Life insurance company	0	0	0	0	0
Depository institution	0	0	0	0	0
Public real estate investment trust	0	0	0	0	0
Private real estate investment trust	0	0	0	0	0
Corporation - other than real estate investment trust	27	16	0	11	0
Housing cooperative organization	0	0	0	0	0
Non-profit or church-related institution	8	0	0	0	8
Pension fund	0	0	0	0	0
Fraternal organization	0	0	0	0	0
Other	12	6	0	5	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	63	43	0	13	8
By regular mail	10	10	0	0	0
By personal visit	270	204	4	62	0
Through third party (such as real estate agent or builder)	55	46	1	8	0
Some other way	9	0	0	9	0
Not reported	37	14	0	24	0
Not available	29	29	0	0	0
Origin of First Mortgage Mortgage made at time property acquired	382	274	5	95	8
Mortgage assumed at the time property acquired	29	29	0	0	0
Mortgage placed later than acquisition of property	63	43	0	20	0
Refinanced mortgage	44	24	0	20	0
Same lender	12	0	0	12	0
Different lender	31	24	0	8	0
Mortgage placed on property owned free and clear of debt	20	20	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	63	43	0	20	0
Obtain lower interest rate	18	13	0	5	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	10	10	0	0	0
Receive cash or increase outstanding balance of loan	21	13	0	7	0
Other reason	14	6	0	8	0
Not reported	0	0	0	0	0
Other properties	411	303	5	95	8
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	34	14	0	20	0
Less than $20,000	7	7	0	0	0
$20,000 to $39,999	0	0	0	0	0
$40,000 to $59,999	20	7	0	13	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	7	0	0	7	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	50207	40782	0	55489	0
Mean	47146	23212	0	63787	0
Properties that refinanced and did not receive cash back	23	23	0	0	0
Properties that refinanced and did not report if received cash back	6	6	0	0	0
Properties that did not refinance	411	303	5	95	8
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	34	14	0	20	0
For additions, improvements or repairs to this property	12	7	0	5	0
To consolidate debts	0	0	0	0	0
For investment in other real estate	14	7	0	7	0
For other types of investments	0	0	0	0	0
For educational or medical expenses	0	0	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	8	0	0	8	0
Not reported	0	0	0	0	0
Properties that refinanced and did not receive cash back	23	23	0	0	0
Properties that refinanced and did not report if received cash back	6	6	0	0	0
Properties that did not refinance	411	303	5	95	8
Not available	0	0	0	0	0
Year First Mortgage Made or Assumed 1999 to 2001 (part)	163	136	0	27	0
1997 and 1998	102	63	0	31	8
1995 and 1996	54	49	0	5	0
1990 to 1994	75	58	4	13	0
1985 to 1989	53	25	0	27	0
1980 to 1984	15	9	1	5	0
1979 or earlier	13	7	0	6	0
First Mortgage Insurance Status FHA-insured first mortgage	45	39	0	5	0
VA-guaranteed first mortgage	0	0	0	0	0
Rural Housing Service-Rural Development- insured or -guaranteed first mortgage	0	0	0	0	0
Other federal, state, or local government-insured or guaranteed first mortgage	9	9	0	0	0
Insured conventional first mortgage	73	67	0	6	0
Uninsured conventional first mortgage	348	231	5	104	8
Not reported	0	0	0	0	0
Traditional First Mortgage Loan Less than $20,000	43	36	0	6	0
$20,000 to $29,999	25	19	1	5	0
$30,000 to $39,999	42	25	0	16	0
$40,000 to $49,999	65	55	0	10	0
$50,000 to $59,999	52	32	0	12	8
$60,000 to $79,999	39	32	0	7	0
$80,000 to $99,999	25	13	4	8	0
$100,000 to $149,999	104	71	0	34	0
$150,000 to $199,999	38	33	0	5	0
$200,000 to $249,999	25	18	0	7	0
$250,000 to $299,999	6	0	0	6	0
$300,000 or more	3	3	0	0	0
Not reported	8	8	0	0	0
Median	63657	60599	88494	83691	55000
Mean	86091	83412	77795	96062	59500
Total Mortgage Loan Less than $20,000	37	31	0	6	0
$20,000 to $29,999	31	25	1	5	0
$30,000 to $39,999	42	25	0	16	0
$40,000 to $49,999	57	47	0	10	0
$50,000 to $59,999	54	41	0	5	8
$60,000 to $79,999	46	32	0	13	0
$80,000 to $99,999	25	13	4	8	0
$100,000 to $149,999	104	71	0	34	0
$150,000 to $199,999	38	33	0	5	0
$200,000 to $249,999	25	18	0	7	0
$250,000 to $299,999	6	0	0	6	0
$300,000 or more	3	3	0	0	0
Not reported	8	8	0	0	0
Median	65958	60599	88494	83691	55000
Mean	86552	83941	77795	96372	59500
Traditional First Mortgage Outstanding Debt Less than $10,000	19	14	0	5	0
$10,000 to $19,999	50	38	1	12	0
$20,000 to $29,999	23	16	0	6	0
$30,000 to $39,999	64	44	0	20	0
$40,000 to $49,999	57	50	0	0	8
$50,000 to $59,999	19	6	0	13	0
$60,000 to $79,999	65	45	4	16	0
$80,000 to $99,999	62	53	0	9	0
$100,000 to $149,999	60	44	0	16	0
$150,000 to $199,999	28	10	0	18	0
$200,000 to $249,999	15	15	0	0	0
$250,000 to $299,999	3	3	0	0	0
$300,000 or more	0	0	0	0	0
Not reported	8	8	0	0	0
Median	60064	60430	68494	61832	45000
Mean	73777	73027	68344	78058	46193
Total Mortgage Outstanding Debt Less than $10,000	14	8	0	5	0
$10,000 to $19,999	50	38	1	12	0
$20,000 to $29,999	28	22	0	6	0
$30,000 to $39,999	55	36	0	20	0
$40,000 to $49,999	66	58	0	0	8
$50,000 to $59,999	19	6	0	13	0
$60,000 to $79,999	65	45	4	16	0
$80,000 to $99,999	62	53	0	9	0
$100,000 to $149,999	60	44	0	16	0
$150,000 to $199,999	28	10	0	18	0
$200,000 to $249,999	15	15	0	0	0
$250,000 to $299,999	3	3	0	0	0
$300,000 or more	0	0	0	0	0
Not reported	8	8	0	0	0
Median	60064	60430	68494	61832	45000
Mean	72952	71811	68344	78368	46193
Current Interest Rate on First Mortgage Less than 6.0 percent	168	115	5	48	0
6.0 percent	0	0	0	0	0
6.1 to 6.4 percent	8	0	0	8	0
6.5 to 6.9 percent	34	21	0	5	8
7.0 percent	29	14	0	15	0
7.1 to 7.4 percent	9	9	0	0	0
7.5 to 7.9 percent	37	37	0	0	0
8.0 percent	11	11	0	0	0
8.1 to 8.4 percent	10	10	0	0	0
8.5 to 8.9 percent	49	25	0	24	0
9.0 percent	0	0	0	0	0
9.1 to 9.4 percent	8	3	0	4	0
9.5 to 9.9 percent	0	0	0	0	0
10.0 percent	0	0	0	0	0
10.1 to 10.4 percent	6	6	0	0	0
10.5 to 10.9 percent	0	0	0	0	0
11.0 percent	12	6	0	6	0
11.1 to 12.9 percent	26	20	0	5	0
13.0 percent	0	0	0	0	0
13.1 percent or more	69	69	0	0	0
Not reported	0	0	0	0	0
Median	7.1	7.7	3.0	6.7	6.8
Type of Interest Rate Buydown Properties with interest rate buydown	0	0	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	0	0	0	0	0
Properties without interest rate buydown	210	135	0	67	8
Not reported	265	211	5	49	0
Term of First Mortgage Less than 5 years	6	0	0	6	0
5 years	0	0	0	0	0
6 to 9 years	0	0	0	0	0
10 years	13	7	0	6	0
11 to 14 years	0	0	0	0	0
15 years	74	50	0	16	8
16 to 19 years	0	0	0	0	0
20 years	13	13	0	0	0
21 to 24 years	0	0	0	0	0
25 years	8	0	0	8	0
26 to 29 years	0	0	0	0	0
30 years	142	107	0	36	0
More than 30 years	0	0	0	0	0
No stated term	219	170	5	44	0
Median	30	30	0	26	16
Unexpired Term of First Mortgage Less than 5 years	8	2	0	6	0
5 to 9 years	16	4	0	12	0
10 to 14 years	79	48	0	23	8
15 to 19 years	42	21	0	21	0
20 to 24 years	20	20	0	0	0
25 to 29 years	85	74	0	11	0
30 or more years	6	6	0	0	0
No stated term or not computed	219	170	5	44	0
Median	18	23	0	14	13
Holder of First Mortgage Commercial bank or trust company	110	67	4	31	8
Savings and loan association, federal savings bank	54	36	0	18	0
Mutual savings bank	49	41	0	8	0
Life insurance company	5	0	0	5	0
Mortgage banker or mortgage company	37	37	0	0	0
Federally-sponsored secondary market agency or pool	124	118	0	6	0
Conventional mortgage pool	6	0	0	6	0
Other federal agency	23	23	0	0	0
Real estate investment trust	7	0	0	7	0
Pension or retirement fund	0	0	0	0	0
Credit union	7	7	0	0	0
Finance company	0	0	0	0	0
State or municipal government or housing finance agency	32	9	0	23	0
Individual or individual's estate	9	8	1	0	0
Other	12	0	0	12	0
First Mortgage Loan as a Percent of Purchase Price Properties acquired by purchase with first mortgage made or assumed at time of purchase	344	264	5	68	8
Less than 40 percent	8	7	1	0	0
40 to 49 percent	9	0	0	9	0
50 to 59 percent	5	5	0	0	0
60 to 69 percent	12	12	0	0	0
70 to 79 percent	80	56	4	13	8
80 to 89 percent	81	81	0	0	0
90 to 94 percent	26	21	0	5	0
95 to 99 percent	13	13	0	0	0
100 percent or more	101	60	0	40	0
Not reported	8	8	0	0	0
Median	87	86	74	15725	75
Other properties	130	83	0	47	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	344	264	5	68	8
Less than 40 percent	7	7	0	0	0
40 to 49 percent	16	0	0	16	0
50 to 59 percent	5	5	0	0	0
60 to 69 percent	32	15	1	16	0
70 to 79 percent	78	58	4	8	8
80 to 89 percent	95	84	0	11	0
90 to 94 percent	21	21	0	0	0
95 to 99 percent	13	13	0	0	0
100 percent or more	69	52	0	17	0
Not reported	8	8	0	0	0
Median	83	85	74	72	75
Other properties	130	83	0	47	0
Not available	0	0	0	0	0
First Mortgage Risk Subprime loan	26	20	0	6	0
Not subprime loan	448	327	5	109	8
Not reported	0	0	0	0	0
Index Used to Adjust Interest Rate on ARM Properties with adjustable rate first mortgage	123	0	0	116	8
Treasury security	42	0	0	42	0
Average cost of funds in bank district	0	0	0	0	0
National average cost of funds	6	0	0	6	0
OTS contract mortgage rate	0	0	0	0	0
Other method	19	0	0	11	8
No index used	0	0	0	0	0
Not reported	56	0	0	56	0
Other properties	351	346	5	0	0
Not reported	0	0	0	0	0
Frequency With Which Rate Can Be Adjusted Properties with adjustable rate first mortgage	123	0	0	116	8
Monthly	12	0	0	12	0
Every 3 months	5	0	0	5	0
Every 6 months	6	0	0	6	0
Yearly	26	0	0	26	0
Every 3 years	7	0	0	7	0
Every 5 years	11	0	0	11	0
Other	8	0	0	0	8
Not reported	49	0	0	49	0
Other properties	351	346	5	0	0
Not reported	0	0	0	0	0
Caps on Interest Rate Per Adjustment Period Properties with adjustable rate first mortgage	123	0	0	116	8
Less than 1 percent	0	0	0	0	0
1 percent	8	0	0	8	0
1.1 to 1.9 percent	0	0	0	0	0
2 percent	23	0	0	23	0
2.1 to 2.9 percent	0	0	0	0	0
3 percent	4	0	0	4	0
3.1 to 3.9 percent	0	0	0	0	0
4.0 percent or more	12	0	0	12	0
No caps	20	0	0	12	8
Not reported	56	0	0	56	0
Other properties	351	346	5	0	0
Not reported	0	0	0	0	0
Caps on Interest Rate Over Life of ARM Properties with adjustable rate first mortgage	123	0	0	116	8
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	47	0	0	47	0
No caps	20	0	0	12	8
Not reported	56	0	0	56	0
Other properties	351	346	5	0	0
Not reported	0	0	0	0	0
Interest Rate Changed Since Mortgage Made Properties with adjustable rate first mortgage	123	0	0	116	8
Yes, rate has changed	56	0	0	49	8
No change since mortgage made	11	0	0	11	0
Not reported	56	0	0	56	0
Other properties	351	346	5	0	0
Not reported	0	0	0	0	0
Percentage of Margin Over Index on ARM Properties with adjustable rate first mortgage	123	0	0	116	8
Less than 1 percent	0	0	0	0	0
1 percent	0	0	0	0	0
1.1 to 1.9 percent	15	0	0	15	0
2 percent	0	0	0	0	0
2.1 to 2.9 percent	18	0	0	18	0
3 percent	0	0	0	0	0
3.1 to 3.9 percent	7	0	0	7	0
4 percent	0	0	0	0	0
4.1 to 4.9 percent	4	0	0	4	0
5 percent or more	17	0	0	17	0
Not reported	63	0	0	55	8
Median	2.9	0.0	0.0	2.9	0.0
Other properties	351	346	5	0	0
Not reported	0	0	0	0	0
ARM Convertible to Fixed Rate Mortgage Properties with adjustable rate first mortgage	123	0	0	116	8
Can be converted	12	0	0	12	0
Cannot be converted	56	0	0	48	8
Not reported	56	0	0	56	0
Other properties	351	346	5	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	8	0	0	0	8
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	8	0	0	0	8
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	410	346	5	60	0
Not reported	56	0	0	56	0
First Mortgage Allows for Negative Amortization Monthly payments can change (other than change in interest rate)	8	0	0	0	8
Yes, unrestricted negative amortization	0	0	0	0	0
Yes, restricted negative amortization	8	0	0	0	8
No negative amortization allowed	0	0	0	0	0
Not reported	0	0	0	0	0
Monthly payments cannot change	410	346	5	60	0
Not reported	56	0	0	56	0
MORTGAGE PAYMENTS AND OTHER EXPENSES Method of Payment of First Mortgage Regular payments of interest and/or principal	452	330	5	109	8
Interest and principal	446	330	5	104	8
Fully amortized	420	323	0	89	8
Not fully amortized	27	7	5	14	0
Interest only	6	0	0	6	0
No regular payments required	0	0	0	0	0
Not reported	23	16	0	6	0
Items Included in First Mortgage Payment@1 Regular monthly payments of both interest and principal	446	330	5	104	8
Real estate taxes	133	101	0	31	0
Property insurance	106	95	0	11	0
Mortgage insurance	21	21	0	0	0
Other	41	28	0	13	0
No items included or not reported	313	229	5	72	8
No regular payments of interest and principal	28	16	0	12	0
Monthly Interest and Principal Payments on First Mortgage Monthly payments of interest and/or principal	452	330	5	109	8
Less than $100	13	13	0	0	0
$100 to $199	24	12	1	12	0
$200 to $299	26	20	0	5	0
$300 to $399	51	39	0	12	0
$400 to $499	85	64	0	21	0
$500 to $599	30	22	0	0	8
$600 to $699	27	23	0	4	0
$700 to $799	21	21	0	0	0
$800 to $899	30	13	0	17	0
$900 to $999	21	13	0	8	0
$1,000 to $1,249	38	28	4	6	0
$1,250 to $1,499	20	8	0	12	0
$1,500 or more	67	55	0	12	0
Median	593	579	1106	803	550
Mean	812	834	935	761	542
No regular payments required	0	0	0	0	0
Not reported	23	16	0	6	0
Current First Mortgage Payment Status Regular monthly payments of principal and/or interest	474	346	5	116	8
Up-to-date, ahead of schedule, or less than 90 days past due	223	156	0	60	8
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	251	191	5	56	0
Other properties	0	0	0	0	0
Monthly Interest and Principal Payments on Total Mortgages Regular monthly payments of interest and/or principal	458	330	5	116	8
Less than $100	13	13	0	0	0
$100 to $199	25	6	1	18	0
$200 to $299	26	20	0	5	0
$300 to $399	51	39	0	12	0
$400 to $499	76	56	0	21	0
$500 to $599	35	28	0	0	8
$600 to $699	35	31	0	4	0
$700 to $799	21	21	0	0	0
$800 to $899	30	13	0	17	0
$900 to $999	21	13	0	8	0
$1,000 to $1,249	38	28	4	6	0
$1,250 to $1,499	20	8	0	12	0
$1,500 or more	67	55	0	12	0
Median	609	613	1106	635	550
Mean	812	846	935	728	542
No regular monthly payments required	16	16	0	0	0
Interest and Principal Payment on First Mortgage as Percent of Rental Receipts Acquired before 2000 and regular payments of interest and/or princi	385	284	5	88	8
Less than 20 percent	31	26	1	5	0
20 to 29 percent	14	7	0	7	0
30 to 39 percent	35	35	0	0	0
40 to 49 percent	27	16	0	11	0
50 to 59 percent	23	8	4	11	0
60 to 69 percent	26	21	0	5	0
70 to 79 percent	30	23	0	6	0
80 to 89 percent	42	42	0	0	0
90 to 99 percent	17	10	0	8	0
100 percent or more	99	68	0	24	8
Not reported or not computed	39	30	0	10	0
Median	75	76	54	68	50050
Other properties	90	62	0	28	0
Interest and Principal Payment on Total Mortgages as Percent of Rental Receipts Acquired before 2000 and regular payments of interest and/or principal	391	284	5	94	8
Less than 20 percent	31	26	1	5	0
20 to 29 percent	21	7	0	13	0
30 to 39 percent	35	35	0	0	0
40 to 49 percent	27	16	0	11	0
50 to 59 percent	18	2	4	11	0
60 to 69 percent	26	21	0	5	0
70 to 79 percent	21	15	0	6	0
80 to 89 percent	42	42	0	0	0
90 to 99 percent	17	10	0	8	0
100 percent or more	114	82	0	24	8
Not reported or not computed	39	30	0	10	0
Median	79	81	54	63	50050
Other properties	83	62	0	22	0
Real Estate Tax Per $1,000 Value Acquired before 2000	407	301	5	94	8
Less than $5	8	8	0	0	0
$5 to $9	103	56	0	39	8
$10 to $14	46	36	0	10	0
$15 to $19	98	89	4	5	0
$20 to $24	36	21	0	15	0
$25 to $29	25	18	0	6	0
$30 to $39	83	64	1	19	0