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Residential Finance Survey - Detailed Regional Tables: 2001

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Residential Finance Survey: 2001 - Midwest
Table 4-3c. Mortgage Insurance Status, 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. @4Includes first mortgages that are insured by state and local governments with or without FHA
insurance, VA, or Rural Housing Service/Rural Development guarantees. 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^^
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		 914 92 7 18 37 94 666

PROPERTY CHARACTERISTICS


Property Location by Geographic Area

Inside MAs		 599 49 7 14 7 77 445
In central cities 316 16 7 6 7 43 237
Not in central cities 284 34 0 8 0 34 208
Outside MAs 314 43 0 4 30 17 220

Manner of Acquisition

By purchase		 861 87 7 18 29 94 626
Placed one new mortgage 762 70 7 18 29 87 551
Placed two or more new mortgages 26 0 0 0 0 0 26
Assumed mortgage(s) already on property 53 11 0 0 0 7 35
Assumed mortgage(s) already on property
and placed new mortgage		 0 0 0 0 0 0 0
Borrowed using assets other than this
property as collateral		 5 0 0 0 0 0 5
Paid all cash-no borrowing 9 5 0 0 0 0 4
Other manner 5 0 0 0 0 0 5
By inheritance or gift 0 0 0 0 0 0 0
By divorce 0 0 0 0 0 0 0
By tax free exchange of
other property		 0 0 0 0 0 0 0
By foreclosure or assignment 8 0 0 0 8 0 0
By some other manner 26 5 0 0 0 0 21
Not reported 19 0 0 0 0 0 19

Source of Downpayment@1

Properties purchased
1995 to 2001 (part)		 541 76 0 18 20 69 357
Sale of stock or other partnership
shares for this project		 7 7 0 0 0 0 0
Sale of previously owned stocks,
shares, or other securities		 8 7 0 0 0 0 1
Sale of land or other real estate 43 0 0 0 0 9 33
Owner's cash, bank deposits,
share accounts, or bonds		 316 47 0 11 8 27 224
Borrowing from a retirement plan 12 0 0 0 0 7 5
Borrowing using assets other than this
property as collateral		 27 16 0 0 0 0 11
Proceeds from an insurance policy 13 0 0 0 0 8 5
From a state or local government source 0 0 0 0 0 0 0
From a non-profit organization 0 0 0 0 0 0 0
Proceeds from sale of tax credits 0 0 0 0 0 0 0
From parents or relatives 24 0 0 0 0 0 24
Other cash source 19 0 0 0 0 0 19
Non-cash source 0 0 0 0 0 0 0
No downpayment required 88 4 0 8 12 18 45
Not reported 39 13 0 0 0 0 26
Other properties 359 16 7 0 17 24 295
Not reported 13 0 0 0 0 0 13

Year Property Acquired

1999 to 2001 (part)		 258 54 0 6 20 44 133
1997 and 1998 154 22 0 0 0 15 118
1995 and 1996 157 0 0 12 0 10 135
1990 to 1994 135 6 0 0 9 13 108
1985 to 1989 109 5 7 0 8 7 82
1980 to 1984 34 0 0 0 0 4 30
1975 to 1979 32 0 0 0 0 0 32
1970 to 1974 16 5 0 0 0 0 11
1969 or earlier 19 0 0 0 0 0 19

Building and Land Acquisition

Acquired at same time		 864 82 7 14 37 90 634
Not acquired at same time 18 5 0 4 0 0 9
Land not owned by building owner 10 5 0 0 0 0 5
Not reported 22 0 0 0 0 4 18

Property New or Previously Owned When
Acquired

Acquired by purchase		 861 87 7 18 29 94 626
New 78 5 0 0 0 9 64
Previously owned 774 74 7 18 29 85 561
As residential property 773 74 7 18 29 85 560
Converted from nonresidential use 0 0 0 0 0 0 0
Other 0 0 0 0 0 0 0
Not reported 9 7 0 0 0 0 1
Other properties 34 5 0 0 8 0 21
Not reported 19 0 0 0 0 0 19

Year Structure Built

1999 to March 2000		 48 0 0 0 0 24 23
1997 and 1998 28 0 0 0 0 8 21
1995 and 1996 29 0 0 0 0 10 19
1990 to 1994 21 0 0 0 0 0 21
1980 to 1989 55 5 0 0 14 0 36
1970 to 1979 83 14 7 0 0 13 48
1960 to 1969 84 17 0 0 0 4 62
1950 to 1959 200 0 0 6 0 24 170
1940 to 1949 116 19 0 8 8 11 70
1939 or earlier 250 36 0 4 15 0 195

Purchase Price

Properties acquired by
purchase 1997 to 2001 (part)		 388 76 0 6 20 59 226
Less than $20,000 51 12 0 0 0 8 32
$20,000 to $39,999 46 8 0 0 8 7 23
$40,000 to $59,999 99 4 0 6 7 0 82
$60,000 to $79,999 51 18 0 0 6 0 28
$80,000 to $99,999 52 17 0 0 0 22 13
$100,000 to $124,999 7 7 0 0 0 0 0
$125,000 to $149,999 28 0 0 0 0 8 20
$150,000 to $174,999 24 9 0 0 0 5 9
$175,000 to $199,999 13 0 0 0 0 0 13
$200,000 to $249,999 15 0 0 0 0 9 5
$250,000 to $299,999 0 0 0 0 0 0 0
$300,000 to $499,999 1 0 0 0 0 0 1
$500,000 or more 0 0 0 0 0 0 0
Median 59389 75196 0 50000 46112 93142 54310
Mean 75616 73880 0 49795 52564 103566 71639
Other properties 525 16 7 12 17 34 439

Value

Less than $20,000		 49 5 0 0 0 18 26
$20,000 to $39,999 109 20 0 0 0 4 85
$40,000 to $59,999 170 0 0 11 16 0 143
$60,000 to $79,999 197 14 7 8 9 21 139
$80,000 to $99,999 146 6 0 0 7 14 120
$100,000 to $124,999 42 13 0 0 6 8 15
$125,000 to $149,999 76 21 0 0 0 15 40
$150,000 to $174,999 50 13 0 0 0 5 32
$175,000 to $199,999 31 0 0 0 0 0 31
$200,000 to $249,999 26 0 0 0 0 9 17
$250,000 to $299,999 9 0 0 0 0 0 9
$300,000 to $499,999 7 0 0 0 0 0 7
$500,000 or more 1 0 0 0 0 0 1
Median 73086 103153 70000 57601 65052 86483 71260
Mean 84505 88058 70000 54907 66782 93190 84751

Purchase Price as Percent of Value@8

Acquired by purchase		 861 87 7 18 29 94 626
Purchased 1997 to 2001 (part) 388 76 0 6 20 59 226
Less than 60 percent 38 9 0 0 7 7 16
60 to 69 percent 19 0 0 0 0 0 19
70 to 79 percent 57 24 0 0 6 0 27
80 to 99 percent 161 24 0 0 8 45 84
100 percent or more 114 19 0 6 0 7 81
Median 90 84 0 4651 76 90 92
Purchased 1990 to 1996 (part) 288 6 0 12 9 23 238
Less than 40 percent 43 0 0 4 0 0 39
40 to 59 percent 54 6 0 0 0 0 48
60 to 79 percent 108 0 0 8 0 4 96
80 to 99 percent 42 0 0 0 9 0 34
100 percent or more 40 0 0 0 0 19 22
Median 69 50 0 65 90 3906 67
Purchased 1989 or earlier 185 5 7 0 0 11 161
Less than 20 percent 12 5 0 0 0 0 6
20 to 39 percent 26 0 0 0 0 0 26
40 to 59 percent 31 0 0 0 0 0 31
60 to 79 percent 66 0 7 0 0 0 58
80 to 99 percent 6 0 0 0 0 0 6
100 percent or more 44 0 0 0 0 11 33
Median 67 10 70 0 0 3176 66
Not acquired by purchase 53 5 0 0 8 0 40

Value of Capital Improvements

Properties with capital
improvements between 1998
and 2000		 439 47 0 18 20 28 325
Less than $500 12 0 0 0 0 4 8
$500 to $999 31 0 0 0 0 0 31
$1,000 to $2,499 84 0 0 6 6 7 65
$2,500 to $4,999 79 22 0 0 0 0 57
$5,000 to $7,499 119 12 0 12 8 17 69
$7,500 to $9,999 49 6 0 0 0 0 43
$10,000 to $14,999 21 0 0 0 0 0 21
$15,000 to $19,999 23 0 0 0 7 0 17
$20,000 to $29,999 14 7 0 0 0 0 6
$30,000 or more 8 0 0 0 0 0 8
Median 5300 5319 0 5582 6399 5448 5083
Mean 6566 7589 0 4023 7131 4345 6722
Properties with no capital
improvements between 1998 and 2000		 398 40 7 0 17 59 275
Capital improvements not
reported		 77 5 0 0 0 7 65

Monthly Rental Receipts

Acquired before 2000		 775 37 7 18 31 64 616
Less than $100 14 0 0 0 0 0 14
$100 to $199 58 0 0 0 0 10 48
$200 to $299 35 0 0 0 0 0 35
$300 to $399 92 0 0 0 8 4 80
$400 to $499 128 0 0 4 8 0 116
$500 to $599 105 0 0 0 0 12 93
$600 to $799 128 6 0 14 0 9 99
$800 to $999 50 17 0 0 7 8 19
$1000 or more 99 10 0 0 0 15 75
No rental receipts 67 5 7 0 9 7 39
Median 527 926 0 672 440 665 497
Mean 1255 899 0 620 357 768 1406
Acquired 2000 and 2001 (part) 139 54 0 0 6 30 49

Rental Receipts as Percent of Value@8

Acquired before 2000		 775 37 7 18 31 64 616
Less than 5 percent 51 0 0 0 0 0 51
5 to 9 percent 245 15 0 0 8 0 222
10 to 14 percent 333 12 0 18 15 53 235
15 to 19 percent 26 0 0 0 0 4 22
20 to 24 percent 24 6 0 0 0 0 18
25 to 29 percent 6 0 0 0 0 0 6
30 to 39 percent 0 0 0 0 0 0 0
40 percent or more 9 0 0 0 0 0 9
Median 11 10 0 13 11 13 10
Acquired 2000 and 2001 (part) 139 54 0 0 6 30 49

Rental Vacancy Losses as Percent of
Potential Receipts

Acquired before 2000		 775 37 7 18 31 64 616
Less than 1.0 percent 308 16 0 0 15 16 262
1.0 to 2.9 percent 0 0 0 0 0 0 0
3.0 to 4.9 percent 7 5 0 0 0 0 2
5.0 to 6.9 percent 0 0 0 0 0 0 0
7.0 to 8.9 percent 22 0 0 0 0 0 22
9.0 to 10.9 percent 0 0 0 0 0 0 0
11.0 to 12.9 percent 18 0 0 0 0 9 9
13.0 to 14.9 percent 1 0 0 0 0 0 1
15.0 percent or more 67 0 0 8 8 0 51
Not reported or not computed 350 17 7 11 9 39 268
Median 0.7 0.7 0.0 57.5 0.8 0.8 0.7
Acquired 2000 and 2001 (part) 139 54 0 0 6 30 49

Age Restrictions

Property restricted to people
age 55 or older		 105 9 0 4 6 10 76
Property not restricted to people
age 55 or older		 789 82 7 14 31 84 570
Not reported 20 0 0 0 0 0 20

Type of Property Benefits@1

Government-sponsored below-market
interest rate mortgage loan		 4 0 0 4 0 0 0
Government rental subsidy 41 6 0 0 0 0 36
Government grant 0 0 0 0 0 0 0
Property tax relief 0 0 0 0 0 0 0
Federal income tax credit for
low-income, old or historic properties		 0 0 0 0 0 0 0
Accelerated federal income tax
depreciation for low- and
moderate-income properties		 0 0 0 0 0 0 0
Subsidy from a non-profit corporation 0 0 0 0 0 0 0
None of the above benefits 784 63 7 14 37 82 580
Not reported 84 23 0 0 0 12 50

Source of Property Benefits@1

With property benefits		 46 6 0 4 0 0 36
Federal government 14 6 0 0 0 0 9
State government 11 0 0 4 0 0 7
Local government 20 0 0 0 0 0 20
Non-profit corporation 0 0 0 0 0 0 0
Not reported 0 0 0 0 0 0 0
With no property benefits 784 63 7 14 37 82 580
Not reported 84 23 0 0 0 12 50

Reason for Benefits@1

With property benefits		 46 6 0 4 0 0 36
Occupied by low- or moderate-income
individuals		 46 6 0 4 0 0 36
Occupied by elderly or disabled
individuals		 0 0 0 0 0 0 0
A historic structure 0 0 0 0 0 0 0
Located in a community development or
economic development area		 0 0 0 0 0 0 0
Covered by a Homestead Exemption 0 0 0 0 0 0 0
Covered by a Community Land Trust 0 0 0 0 0 0 0
Covered by disaster relief 0 0 0 0 0 0 0
Other reason 0 0 0 0 0 0 0
Not reported 0 0 0 0 0 0 0
With no property benefits 784 63 7 14 37 82 580
Not reported 84 23 0 0 0 12 50

OWNER CHARACTERISTICS


Type of Owner

Individual investor(s)		 781 82 7 18 37 68 569
Limited partnership 57 0 0 0 0 26 31
Joint venture 5 0 0 0 0 0 5
General partnership 6 0 0 0 0 0 6
Life insurance company 3 0 0 0 0 0 3
Depository institution 0 0 0 0 0 0 0
Public real estate investment trust 4 4 0 0 0 0 0
Private real estate investment trust 5 0 0 0 0 0 5
Corporation - other than real estate
investment trust		 42 6 0 0 0 0 36
Housing cooperative organization 0 0 0 0 0 0 0
Non-profit or church-related institution 11 0 0 0 0 0 11
Pension fund 0 0 0 0 0 0 0
Fraternal organization 0 0 0 0 0 0 0
Other 0 0 0 0 0 0 0

MORTGAGE CHARACTERISTICS


Number of Mortgages

1 mortgage		 787 79 0 14 37 94 563
2 mortgages 100 13 7 4 0 0 76
3 or more mortgages 27 0 0 0 0 0 27

Form of Debt of First Mortgage

Mortgage or deed of trust		 914 92 7 18 37 94 666
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		 6 0 0 0 0 0 6
By telephone or FAX 68 9 0 0 0 0 59
By regular mail 13 0 0 0 0 8 5
By personal visit 656 52 0 18 30 75 480
Through third party (such as real
estate agent or builder)		 68 0 7 0 0 4 57
Some other way 11 5 0 0 7 0 0
Not reported 45 15 0 0 0 0 30
Not available 47 11 0 0 0 7 29

Origin of First Mortgage

Mortgage made at time property acquired		 695 66 7 14 29 87 492
Mortgage assumed at the time property
acquired		 52 16 0 0 0 7 29
Mortgage placed later than acquisition of
property		 167 9 0 4 8 0 145
Refinanced mortgage 138 4 0 4 0 0 129
Same lender 40 0 0 0 0 0 40
Different lender 98 4 0 4 0 0 90
Mortgage placed on property
owned free and clear of debt		 29 5 0 0 8 0 16
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		 167 9 0 4 8 0 145
Obtain lower interest rate 59 4 0 0 0 0 55
Increase payment period for mortgage 0 0 0 0 0 0 0
Reduce payment period for mortgage 0 0 0 0 0 0 0
Renew or extend loan that had fallen
due, without increasing outstanding
balance		 0 0 0 0 0 0 0
Receive cash or increase outstanding
balance of loan		 76 0 0 4 8 0 64
Other reason 15 5 0 0 0 0 10
Not reported 16 0 0 0 0 0 16
Other properties 747 82 7 14 29 94 520
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		 87 5 0 4 8 0 70
Less than $20,000 46 0 0 4 0 0 41
$20,000 to $39,999 28 0 0 0 8 0 20
$40,000 to $59,999 7 5 0 0 0 0 2
$60,000 to $79,999 0 0 0 0 0 0 0
$80,000 to $99,999 0 0 0 0 0 0 0
$100,000 to $124,999 6 0 0 0 0 0 6
$125,000 to $149,999 0 0 0 0 0 0 0
$150,000 to $174,999 0 0 0 0 0 0 0
$175,000 to $199,999 0 0 0 0 0 0 0
$200,000 to $249,999 0 0 0 0 0 0 0
$250,000 to $299,999 0 0 0 0 0 0 0
$300,000 or more 0 0 0 0 0 0 0
Median 19170 50000 0 10000 30000 0 16864
Mean 26084 55000 0 15000 34000 0 23691
Properties that refinanced
and did not receive cash back		 41 4 0 0 0 0 37
Properties that refinanced
and did not report if received
cash back		 39 0 0 0 0 0 39
Properties that did not
refinance		 747 82 7 14 29 94 520
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		 87 5 0 4 8 0 70
For additions, improvements or repairs
to this property		 48 0 0 4 8 0 36
To consolidate debts 29 0 0 0 0 0 29
For investment in other real estate 27 5 0 0 8 0 14
For other types of investments 0 0 0 0 0 0 0
For educational or medical expenses 0 0 0 0 0 0 0
To start a business 0 0 0 0 0 0 0
To settle a divorce 0 0 0 0 0 0 0
To pay taxes 6 0 0 0 0 0 6
To purchase an automobile, truck, or
other vehicle		 2 0 0 0 0 0 2
To purchase consumer product other than
automobile, truck, or other vehicle		 0 0 0 0 0 0 0
Other 6 0 0 0 0 0 6
Not reported 0 0 0 0 0 0 0
Properties that refinanced
and did not receive cash back		 41 4 0 0 0 0 37
Properties that refinanced
and did not report if received
cash back		 39 0 0 0 0 0 39
Properties that did not
refinance		 747 82 7 14 29 94 520
Not available 0 0 0 0 0 0 0

Purpose of Second Mortgage

Properties with second
mortgage		 70 7 0 4 0 0 59
Provide funds for the purchase of this
property		 15 0 0 0 0 0 15
Provide funds for additions,
improvements or repairs to this
property		 15 0 0 4 0 0 11
Provide funds for consolidation of debts 0 0 0 0 0 0 0
Provide funds for investment in other
real estate		 0 0 0 0 0 0 0
Provide funds for other types of
investments		 0 0 0 0 0 0 0
Provide funds for educational or
medical expenses		 0 0 0 0 0 0 0
Provide funds for starting a business 0 0 0 0 0 0 0
Provide funds to settle a divorce 0 0 0 0 0 0 0
Provide funds to pay taxes 0 0 0 0 0 0 0
Provide funds to purchase automobile,
truck, or vehicle		 0 0 0 0 0 0 0
Provide funds to purchase another type
of consumer product		 0 0 0 0 0 0 0
Other reasons 6 0 0 0 0 0 6
Not reported 35 7 0 0 0 0 27
Other properties 844 84 7 14 37 94 607

Purpose of Home Equity Line of Credit

Properties with home equity
line of credit		 84 5 7 0 0 0 71
Provide funds for additions,
improvements or repairs to this
property		 32 0 7 0 0 0 24
Provide funds for consolidation of debts 7 0 0 0 0 0 7
Provide funds for investment in other
real estate		 18 5 0 0 0 0 13
Provide funds for other types of
investments		 0 0 0 0 0 0 0
Provide funds for educational or
medical expenses		 0 0 0 0 0 0 0
Provide funds for starting a business 0 0 0 0 0 0 0
Provide funds to settle a divorce 0 0 0 0 0 0 0
Provide funds to pay taxes 0 0 0 0 0 0 0
Provide funds to purchase automobile,
truck, or vehicle		 0 0 0 0 0 0 0
Provide funds to purchase another type
of consumer product		 0 0 0 0 0 0 0
Other reasons 0 0 0 0 0 0 0
Not reported 27 0 0 0 0 0 27
Other properties 830 87 0 18 37 94 594

Year First Mortgage Made or
Assumed

1999 to 2001 (part)		 395 59 0 6 20 61 249
1997 and 1998 179 22 0 0 8 8 140
1995 and 1996 135 0 0 12 0 10 113
1990 to 1994 69 6 0 0 9 4 51
1985 to 1989 81 5 7 0 0 7 61
1980 to 1984 24 0 0 0 0 4 20
1979 or earlier 32 0 0 0 0 0 32

Traditional First Mortgage Loan

Less than $20,000		 98 22 0 4 0 10 61
$20,000 to $29,999 125 13 7 0 0 12 93
$30,000 to $39,999 113 0 0 8 8 0 97
$40,000 to $49,999 116 6 0 0 0 12 98
$50,000 to $59,999 97 5 0 0 9 7 76
$60,000 to $79,999 114 4 0 0 6 24 80
$80,000 to $99,999 50 16 0 0 7 0 28
$100,000 to $149,999 89 16 0 0 0 8 65
$150,000 to $199,999 62 9 0 0 8 15 31
$200,000 to $249,999 14 0 0 0 0 0 14
$250,000 to $299,999 0 0 0 0 0 0 0
$300,000 or more 6 0 0 0 0 0 6
Not reported 30 0 0 6 0 7 17
Median 49140 58778 25000 32453 66592 62225 47439
Mean 65534 69256 23000 30570 84138 72669 64118

Total Mortgage Loan

Less than $20,000		 88 22 0 0 0 10 56
$20,000 to $29,999 117 13 7 4 0 12 80
$30,000 to $39,999 119 0 0 8 8 0 103
$40,000 to $49,999 110 6 0 0 0 12 93
$50,000 to $59,999 96 5 0 0 9 7 75
$60,000 to $79,999 124 4 0 0 6 24 90
$80,000 to $99,999 43 9 0 0 7 0 28
$100,000 to $149,999 89 16 0 0 0 8 65
$150,000 to $199,999 78 16 0 0 8 15 39
$200,000 to $249,999 14 0 0 0 0 0 14
$250,000 to $299,999 0 0 0 0 0 0 0
$300,000 or more 6 0 0 0 0 0 6
Not reported 30 0 0 6 0 7 17
Median 50869 58778 25000 32453 66592 62225 49260
Mean 67914 74141 23000 32628 84138 72669 66631

Traditional First Mortgage Outstanding
Debt

Less than $10,000		 38 5 0 0 0 0 33
$10,000 to $19,999 114 17 7 4 0 22 63
$20,000 to $29,999 115 13 0 0 0 0 102
$30,000 to $39,999 125 6 0 8 17 4 90
$40,000 to $49,999 113 0 0 0 0 15 99
$50,000 to $59,999 75 5 0 0 0 0 69
$60,000 to $79,999 93 4 0 0 6 24 59
$80,000 to $99,999 65 16 0 0 7 0 42
$100,000 to $149,999 88 25 0 0 0 13 50
$150,000 to $199,999 46 0 0 0 8 9 29
$200,000 to $249,999 5 0 0 0 0 0 5
$250,000 to $299,999 1 0 0 0 0 0 1
$300,000 or more 6 0 0 0 0 0 6
Not reported 30 0 0 6 0 7 17
Median 44404 58778 15000 32453 66592 62225 43641
Mean 59824 67038 18262 28521 74451 69243 57755

Total Mortgage Outstanding Debt

Less than $10,000		 34 5 0 0 0 0 29
$10,000 to $19,999 114 17 7 4 0 22 63
$20,000 to $29,999 112 13 0 0 0 0 99
$30,000 to $39,999 125 6 0 8 17 4 90
$40,000 to $49,999 112 0 0 0 0 15 97
$50,000 to $59,999 80 5 0 0 0 0 75
$60,000 to $79,999 93 4 0 0 6 24 59
$80,000 to $99,999 57 9 0 0 7 0 42
$100,000 to $149,999 104 32 0 0 0 13 59
$150,000 to $199,999 46 0 0 0 8 9 29
$200,000 to $249,999 5 0 0 0 0 0 5
$250,000 to $299,999 1 0 0 0 0 0 1
$300,000 or more 6 0 0 0 0 0 6
Not reported 25 0 0 6 0 7 12
Median 45343 58778 15000 32453 66592 62225 44710
Mean 60075 71391 18262 19482 74451 64192 58722

Current Interest Rate on First Mortgage

Less than 6.0 percent		 329 17 0 11 6 19 277
6.0 percent 0 0 0 0 0 0 0
6.1 to 6.4 percent 6 0 0 0 0 0 6
6.5 to 6.9 percent 44 0 0 0 17 0 28
7.0 percent 67 7 0 0 0 8 51
7.1 to 7.4 percent 77 12 0 0 0 0 65
7.5 to 7.9 percent 75 9 0 0 0 9 57
8.0 percent 18 0 0 0 0 0 18
8.1 to 8.4 percent 22 0 0 0 0 0 22
8.5 to 8.9 percent 45 0 0 0 0 13 32
9.0 percent 34 0 0 0 0 7 27
9.1 to 9.4 percent 0 0 0 0 0 0 0
9.5 to 9.9 percent 8 5 0 0 0 0 3
10.0 percent 0 0 0 0 0 0 0
10.1 to 10.4 percent 0 0 0 0 0 0 0
10.5 to 10.9 percent 7 0 0 0 0 7 0
11.0 percent 17 14 0 0 0 0 3
11.1 to 12.9 percent 17 0 0 0 0 12 6
13.0 percent 0 0 0 0 0 0 0
13.1 percent or more 147 27 7 8 15 19 71
Not reported 0 0 0 0 0 0 0
Median 7.2 8.0 56.5 5.3 6.9 8.9 7.0

Type of Interest Rate Buydown

Properties with interest rate
buydown		 6 0 0 0 0 0 6
Constant payment 0 0 0 0 0 0 0
3-2-1 buydown 0 0 0 0 0 0 0
Other 0 0 0 0 0 0 0
Not reported 6 0 0 0 0 0 6
Properties without interest
rate buydown		 368 30 0 0 17 39 282
Not reported 539 62 7 18 20 55 377

Term of First Mortgage

Less than 5 years		 12 0 0 0 0 0 12
5 years 22 0 0 0 0 0 22
6 to 9 years 6 0 0 0 0 0 6
10 years 28 0 0 0 0 0 28
11 to 14 years 12 0 0 0 0 0 12
15 years 81 0 0 0 9 0 72
16 to 19 years 0 0 0 0 0 0 0
20 years 46 0 0 0 8 8 30
21 to 24 years 0 0 0 0 0 0 0
25 years 1 0 0 0 0 0 1
26 to 29 years 0 0 0 0 0 0 0
30 years 298 92 7 0 0 48 151
More than 30 years 0 0 0 0 0 0 0
No stated term 408 0 0 18 20 38 332
Median 30 31 31 0 16 30 20

Unexpired Term of First Mortgage

Less than 5 years		 44 0 0 0 0 0 44
5 to 9 years 65 5 0 0 9 0 51
10 to 14 years 58 0 0 0 0 4 54
15 to 19 years 66 6 7 0 8 8 36
20 to 24 years 19 0 0 0 0 0 19
25 to 29 years 182 34 0 0 0 44 104
30 or more years 73 47 0 0 0 0 26
No stated term or not computed 408 0 0 18 20 38 332
Median 25 31 18 0 10 27 17

Holder of First Mortgage

Commercial bank or trust company		 216 30 0 8 14 8 156
Savings and loan association, federal
savings bank		 100 0 0 0 0 4 96
Mutual savings bank 20 6 7 0 0 0 7
Life insurance company 13 0 0 0 0 0 13
Mortgage banker or mortgage company 45 12 0 0 0 0 33
Federally-sponsored secondary market
agency or pool		 336 40 0 6 23 40 227
Conventional mortgage pool 33 0 0 0 0 23 10
Other federal agency 27 4 0 0 0 0 23
Real estate investment trust 0 0 0 0 0 0 0
Pension or retirement fund 0 0 0 0 0 0 0
Credit union 10 0 0 0 0 0 10
Finance company 38 0 0 0 0 10 29
State or municipal government or
housing finance agency		 43 0 0 4 0 9 29
Individual or individual's estate 24 0 0 0 0 0 24
Other 9 0 0 0 0 0 9

Servicer of First Mortgage

Commercial bank or trust company		 254 23 0 8 14 23 186
Savings and loan association, federal
savings bank		 106 0 0 0 9 11 86
Mutual savings bank 14 0 7 0 0 0 7
Life insurance company 13 0 0 0 0 0 13
Mortgage banker or mortgage company 382 65 0 6 15 46 250
Federally-sponsored secondary market
agency or pool		 0 0 0 0 0 0 0
Conventional mortgage pool 0 0 0 0 0 0 0
Other federal agency 27 4 0 0 0 0 23
Real estate investment trust 0 0 0 0 0 0 0
Pension or retirement fund 0 0 0 0 0 0 0
Credit union 10 0 0 0 0 0 10
Finance company 33 0 0 0 0 4 29
State or municipal government or
housing finance agency		 43 0 0 4 0 9 29
Individual or individual's estate 24 0 0 0 0 0 24
Other 9 0 0 0 0 0 9

Holder's Acquisition of First Mortgage

Originated directly from borrower		 511 25 7 12 28 29 410
Purchased from present servicer 183 25 0 0 9 33 117
Purchased from someone else 220 42 0 6 0 32 139
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 		709 77 7 14 29 94 487
Less than 40 percent 11 11 0 0 0 0 0
40 to 49 percent 21 0 0 0 0 7 14
50 to 59 percent 10 0 7 0 0 0 2
60 to 69 percent 72 0 0 </