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Residential Finance Survey - Detailed Regional Tables: 2001

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Residential Finance Survey: 2001 - United States
Table 1-1a. Selected Summary Characteristics, All Properties
^For information on confidentiality protection, sampling error, nonsampling error, and definitions see text.
For minimum base for derived figures (percent, median, etc.) and meaning of symbols see text^^

Homeowner properties
Rental and vacant properties
All
properties		 Total 1 housing
unit		 2 to 4
housing
units		 Condo-
minimums		 Mobile
homes		 Total 1 housing
unit		 2 to 4
housing
units		 5 to 49
housing
units		 50 or
more
housing
units		 Condo-
minimums		 Mobile
homes

ALL PROPERTIES
(in thousands)


Mortgage Status

All properties		 83465 67671 56960 1087 3883 5741 15794 9855 2035 473 71 1619 1741
Mortgaged@2 50570 43636 37968 643 2437 2588 6933 4237 1144 293 61 854 344
Nonmortgaged 32896 24035 18992 444 1446 3153 8861 5618 891 180 10 765 1397

MORTGAGED PROPERTIES


Type of First Mortgage Instrument

Fixed-rate, level-payment mortgage		 37541 32900 29850 478 1845 727 4641 2965 780 178 46 588 85
Short-term with balloon payment mortgage 2333 1869 1695 17 101 55 464 277 68 28 5 63 23
Reverse mortgage 11 11 11 0 0 0 0 0 0 0 0 0 0
Adjustable rate mortgage (ARM) 6474 5119 4489 109 400 121 1355 808 261 77 9 170 30
Other 4211 3737 1923 38 91 1685 474 188 36 9 1 34 206

First Mortgage Insurance Status

FHA-insured first mortgage		 4989 4439 3985 72 326 56 550 359 84 19 6 70 12
VA-guaranteed first mortgage 1264 1163 1055 13 84 12 101 73 22 0 0 6 0
Rural Housing Service/Rural
Development-guaranteed loan		 984 845 786 5 32 22 139 91 21 13 2 12 0
Insured by state agency 1166 944 842 11 43 48 222 162 27 9 4 14 6
Insured by state agency with
FHA insurance, VA or Rural
Housing Service/Rural
Development guarantee		 41 37 27 0 7 3 4 4 0 0 0 0 0
Insured conventional first
mortgage		 5606 4935 4426 70 313 125 672 451 91 25 5 86 14
Uninsured conventional first
mortgage		 32856 27961 25289 446 1575 651 4895 2989 873 224 44 654 112
Not available 3663 3313 1558 26 57 1672 350 108 26 2 0 13 201

Holder of First Mortgage

Commercial bank or trust company		 8154 6845 5830 106 360 550 1309 830 182 69 11 165 53
Savings and loan association, federal
savings bank		 4954 4107 3451 72 245 340 847 460 166 50 7 106 58
Mutual savings bank 974 787 645 6 69 67 187 97 45 9 1 35 0
Life insurance company 761 635 565 11 51 9 126 77 21 9 3 4 12
Mortgage banker or mortgage company 3997 3530 3154 52 255 69 467 278 65 12 1 104 7
Federally-sponsored secondary market
agency or pool		 21459 18927 17242 258 1094 333 2533 1635 424 79 24 329 42
Conventional mortgage pool 675 606 537 19 24 27 68 52 9 1 1 6 0
Other federal agency 1340 1110 999 23 77 11 230 161 27 14 4 24 0
Real estate investment trust 69 52 49 0 3 0 16 7 4 4 1 0 0
Pension or retirement fund 65 58 48 0 4 6 7 6 0 0 1 0 0
Credit union 2058 1824 1572 15 63 174 234 142 49 8 2 14 20
Finance company 2685 2341 1425 28 53 835 345 165 25 3 1 9 142
State or municipal government or
housing finance agency		 1728 1442 1309 29 59 45 286 178 68 12 4 18 7
Individual or individual's estate 858 697 625 14 34 23 161 84 35 16 1 21 4
Other 791 674 518 10 48 98 117 64 25 8 2 19 0

Holder of Junior Mortgage

Commercial bank or trust company		 2123 2004 1859 10 56 79 119 74 21 5 1 9 8
Savings and loan association, federal
savings bank		 859 785 674 12 12 87 74 45 9 3 1 9 7
Mutual savings bank 178 178 142 0 15 21 1 0 0 1 0 0 0
Life insurance company 75 71 54 6 11 0 4 0 3 1 0 0 0
Mortgage banker or mortgage company 285 254 247 0 7 0 31 22 2 0 0 7 0
Federally-sponsored secondary market
agency or pool		 1414 1264 1184 19 49 11 150 86 29 13 3 19 0
Conventional mortgage pool 118 118 111 5 2 0 0 0 0 0 0 0 0
Other federal agency 122 118 113 3 2 0 4 0 2 1 1 0 0
Real estate investment trust 6 6 6 0 0 0 0 0 0 0 0 0 0
Pension or retirement fund 4 4 4 0 0 0 0 0 0 0 0 0 0
Credit union 1927 1833 1727 25 30 51 94 82 8 4 0 0 0
Finance company 4598 4339 3868 59 136 276 259 159 69 4 0 23 3
State or municipal government or
housing finance agency		 198 176 152 7 17 0 22 6 12 2 1 0 0
Individual or individual's estate 130 116 106 2 8 0 14 6 5 3 0 0 0
Other 227 187 127 8 11 41 40 19 5 2 0 7 6

Holder of Equity Line of Credit

Commercial bank or trust company		 1344 1309 1241 11 45 11 35 24 6 1 0 3 0
Savings and loan association, federal
savings bank		 314 314 298 2 7 7 0 0 0 0 0 0 0
Mutual savings bank 66 66 66 0 0 0 0 0 0 0 0 0 0
Credit union 1835 1737 1663 28 33 14 98 75 18 3 0 1 0
Finance company 5085 4737 4434 72 159 73 348 223 80 5 0 30 8
Other 78 72 54 5 9 3 7 6 0 0 0 0 0

Holder of Installment Loan

Commercial bank or trust company		 419 410 0 0 0 410 8 0 0 0 0 0 8
Savings and loan association, federal
savings bank		 354 315 0 0 0 315 38 0 0 0 0 0 38
Mutual savings bank 82 82 0 0 0 82 0 0 0 0 0 0 0
Credit union 189 169 0 0 0 169 20 0 0 0 0 0 20
Finance company 1121 985 0 0 0 985 136 0 0 0 0 0 136
State or municipal government or
housing finance agency		 25 18 0 0 0 18 7 0 0 0 0 0 7
Other 123 117 0 0 0 117 6 0 0 0 0 0 6

OUTSTANDING MORTGAGE DEBT
(million dollars)

Outstanding Traditional Mortgage Debt

All mortgaged properties
Total mortgage debt		 4927257 4072760 3678901 69292 226721 97845 854497 308938 105146 116677 246911 64124 12702
First mortgage debt 4660529 3852558 3483287 65897 220528 82845 807971 292286 101322 108064 231990 62357 11952
Junior mortgage debt 266728 220202 195614 3395 6193 15000 46526 16652 3824 8614 14920 1767 749

Outstanding Traditional First Mortgage
Debt by Mortgage Insurance Status

FHA-insured mortgage		 409545 340583 307225 5809 25602 1947 68962 23190 9378 7519 24641 3696 537
VA-guaranteed first mortgage 110084 105810 93450 3425 8514 421 4274 2780 1299 0 0 194 0
Rural Housing Service/Rural
Development-guaranteed loan		 79445 60199 56332 331 2356 1180 19247 3426 2080 8138 4831 771 0
Insured by state agency 127080 85486 79826 994 3528 1138 41594 11678 1357 4068 22076 2250 165
Insured by state agency with FHA
insurance, VA or Rural Housing
Service/Rural Development guarantee		 2947 2357 2071 0 84 203 590 77 0 31 482 0 0
Insured conventional first mortgage 636967 555367 506545 9080 33637 6104 81600 38606 8996 8275 16319 8586 818
Uninsured conventional first mortgage 3221705 2637134 2422228 45982 146411 22513 584571 212432 78181 80021 163626 46774 3538
Not available 72755 65621 15611 274 397 49340 7134 96 32 11 14 85 6895

Outstanding Traditional Mortgage Debt
by Holder of Mortgage

Commercial bank or trust company
Total mortgage debt		 791976 643672 577660 11614 35670 18728 148303 52845 17211 27251 38649 9753 2595
First mortgage debt 724035 584522 523508 10597 33837 16581 139513 51606 16433 23932 35719 9643 2180
Junior mortgage debt 67940 59150 54153 1017 1832 2148 8791 1239 779 3319 2930 110 414

Savings and loan association, federal
savings bank
Total mortgage debt		 519360 415316 368181 10079 24411 12644 104044 36055 15677 19252 22626 7935 2498
First mortgage debt 491009 391492 347368 9690 24185 10249 99517 34383 15356 18440 21686 7359 2293
Junior mortgage debt 28350 23824 20813 388 227 2395 4527 1672 321 811 940 577 205

Mutual savings bank
Total mortgage debt		 89008 67181 55888 381 8288 2624 21827 8490 4939 3268 3014 2115 0
First mortgage debt 82858 61434 50669 381 8246 2137 21424 8490 4939 3100 2780 2115 0
Junior mortgage debt 6150 5748 5219 0 42 487 402 0 0 168 234 0 0

Life insurance company
Total mortgage debt		 85330 59830 54064 1268 4438 60 25500 5256 2182 3036 14324 416 285
First mortgage debt 81165 56649 51197 1129 4262 60 24516 5256 1998 2910 13651 416 285
Junior mortgage debt 4165 3181 2867 138 176 0 984 0 184 127 673 0 0

Mortgage banker or mortgage company
Total mortgage debt		 463421 412016 373171 6708 28012 4125 51404 29718 6192 4840 1994 8413 248
First mortgage debt 452404 404487 365801 6708 27853 4125 47917 26549 6156 4830 1905 8229 248
Junior mortgage debt 11017 7529 7370 0 159 0 3488 3169 36 10 89 184 0

Federally-sponsored secondary market
agency or pool
Total mortgage debt		 2127529 1799109 1665622 24023 95850 13614 328420 121224 40627 31617 107347 26356 1249
First mortgage debt 2053699 1743315 1612816 23403 94021 13075 310385 113077 39269 29408 101591 25790 1249
Junior mortgage debt 73830 55794 52806 621 1829 539 18036 8147 1359 2209 5755 566 0

Conventional mortgage pool
Total mortgage debt		 96863 89478 82178 3041 2815 1444 7385 3062 786 742 2632 163 0
First mortgage debt 92449 85211 78143 2938 2685 1444 7238 3062 786 740 2488 163 0
Junior mortgage debt 4413 4267 4035 103 130 0 146 0 0 2 144 0 0

Other federal agency
Total mortgage debt		 128137 94355 84185 1873 7976 321 33782 10500 1919 8924 10211 2228 0
First mortgage debt 121173 88431 78459 1726 7924 321 32742 10500 1826 8593 9595 2228 0
Junior mortgage debt 6964 5924 5726 146 51 0 1040 0 93 331 617 0 0

Real estate investment trust
Total mortgage debt		 11487 6432 6175 0 257 0 5055 1242 224 813 2776 0 0
First mortgage debt 11000 6097 5840 0 257 0 4903 1242 224 708 2729 0 0
Junior mortgage debt 487 335 335 0 0 0 152 0 0 105 47 0 0

Pension or retirement fund
Total mortgage debt		 7048 3994 3261 0 613 120 3054 339 0 354 2361 0 0
First mortgage debt 6888 3915 3182 0 613 120 2973 339 0 353 2281 0 0
Junior mortgage debt 160 79 79 0 0 0 81 0 0 2 80 0 0

Credit union
Total mortgage debt		 147711 125249 114557 930 4363 5399 22462 8324 3853 2322 6123 1075 766
First mortgage debt 127859 107089 98039 882 4233 3935 20770 7272 3583 2229 5845 1075 766
Junior mortgage debt 19852 18161 16518 48 130 1464 1692 1052 269 93 277 0 0

Finance company
Total mortgage debt		 120016 104190 67446 1134 1639 33971 15825 5862 981 982 3222 26 4752
First mortgage debt 101278 86029 56558 996 1552 26923 15249 5623 981 900 3049 0 4696
Junior mortgage debt 18737 18161 10888 138 87 7048 576 239 0 82 173 26 56

State or municipal government or housing
finance agency
Total mortgage debt		 180222 132177 122158 4205 4425 1389 48045 16470 5759 5673 19046 1069 28
First mortgage debt 168897 124183 115680 3689 3494 1320 44714 16385 5300 5054 16877 1069 28
Junior mortgage debt 11325 7993 6477 517 930 69 3331 85 459 619 2169 0 0

Individual or individual's estate
Total mortgage debt		 77124 57532 52098 2538 2599 298 19591 4853 3477 4541 3996 2518 207
First mortgage debt 72067 53766 48806 2381 2280 298 18301 4554 3334 3957 3731 2518 207
Junior mortgage debt 5057 3767 3292 156 318 0 1290 298 144 584 264 0 0

Other
Total mortgage debt		 82027 62228 52255 1499 5365 3108 19799 4696 1319 3062 8591 2058 74
First mortgage debt 73748 55939 47221 1376 5083 2258 17809 3944 1138 2911 8063 1754 0
Junior mortgage debt 8279 6289 5034 123 282 850 1990 752 181 151 527 304 74

Outstanding Equity Line of Credit
Debt by Holder

Commercial bank or trust company		 31832 31057 28454 1029 1317 256 775 464 254 4 20 33 0
Savings and loan association, federal
savings bank		 8857 8805 8668 109 28 0 52 0 0 52 0 0 0
Mutual savings bank 2257 2249 2249 0 0 0 8 0 0 8 0 0 0
Credit union 11466 10714 10646 33 34 0 752 517 175 7 0 53 0
Finance company 4812 4812 4580 186 0 46 0 0 0 0 0 0 0
Other 1512 1467 1202 53 181 31 45 36 0 9 0 0 0

Outstanding Installment Debt by Holder

Commercial bank or trust company		 12097 11682 0 0 0 11682 414 0 0 0 0 0 414
Savings and loan association, federal
savings bank		 11266 9656 0 0 0 9656 1610 0 0 0 0 0 1610
Mutual savings bank 2468 2468 0 0 0 2468 0 0 0 0 0 0 0
Credit union 5310 4544 0 0 0 4544 766 0 0 0 0 0 766
Finance company 35908 31156 0 0 0 31156 4752 0 0 0 0 0 4752
State or municipal government or housing
finance agency		 591 563 0 0 0 563 28 0 0 0 0 0 28
Other 2961 2887 0 0 0 2887 74 0 0 0 0 0 74
@2Includes properties that have home equity and/or installment loans.


Go to Residential Finance Survey: 2001 Detailed Regional Tables
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Source: U.S. Census Bureau, Housing and Household Economic Statistics Division
Last Revised: December 07, 2005