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Statistical Supplement | October 2008

Statistical Supplement to the Federal Reserve Bulletin, October 2008
1.54  Mortgage Debt Outstanding1
Millions of dollars, end of period
Type of holder and property 2004 2005 2006 2007 2008
Q2 Q3 Q4 Q1 Q2p
1 All holders 10,667,810 12,101,430 13,511,710 14,096,250 14,362,580 14,603,110 14,740,480 14,804,080
 
  By type of property  
2 One- to four-family residences 8,273,402 9,379,328 10,451,630 10,862,200 11,015,740 11,158,060 11,233,930 11,254,100
3 Multifamily residences 617,869 687,682 741,158 780,372 804,588 837,115 855,616 875,149
4 Nonfarm, nonresidential 1,679,672 1,932,904 2,209,884 2,340,442 2,426,895 2,490,437 2,532,719 2,565,388
5 Farm 96,872 101,518 109,038 113,233 115,365 117,497 118,219 109,442
 
  By type of holder  
6 Major financial institutions 3,926,324 4,396,243 4,780,819 4,897,281 4,989,289 5,067,153 5,126,517 5,113,591
7 Commercial banks2 2,595,605 2,958,042 3,403,052 3,472,132 3,525,100 3,645,724 3,683,796 3,662,237
8 One- to four-family 1,580,992 1,793,029 2,081,766 2,105,412 2,128,207 2,208,306 2,216,360 2,157,978
9 Multifamily 118,710 138,702 157,555 161,648 164,965 168,407 172,803 176,135
10 Nonfarm, nonresidential 860,670 989,372 1,123,210 1,164,551 1,191,407 1,228,490 1,253,830 1,286,899
11 Farm 35,233 36,939 40,521 40,521 40,521 40,521 40,803 41,225
12 Savings institutions3 1,057,395 1,152,738 1,073,967 1,112,812 1,146,869 1,095,256 1,111,468 1,115,550
13 One- to four-family 874,199 953,819 867,831 905,278 933,511 878,958 884,832 884,453
14 Multifamily 87,545 98,352 95,792 92,570 94,773 92,705 94,495 96,928
15 Nonfarm, nonresidential 95,052 99,951 109,604 114,158 117,739 122,711 131,231 133,256
16 Farm 599 616 740 806 846 882 910 913
17 Life insurance companies 273,324 285,463 303,800 312,337 317,320 326,173 331,253 335,804
18 One- to four-family 7,874 7,746 11,301 11,062 11,003 11,124 11,449 11,763
19 Multifamily 40,453 42,440 44,761 46,141 46,910 48,336 49,093 49,768
20 Nonfarm, nonresidential 214,085 224,258 236,719 244,115 248,388 255,694 259,692 263,254
21 Farm 10,912 11,019 11,019 11,019 11,019 11,019 11,019 11,019
 
22 Federal and related agencies 704,438 666,601 688,678 702,228 712,714 726,458 742,109 756,316
23 Government National Mortgage Association 44 34 27 25 24 22 24 38
24 One- to four-family 44 34 27 25 24 22 24 38
25 Multifamily 0 0 0 0 0 0 0 0
26 Farmers Home Administration4 70,624 72,937 76,448 77,978 78,192 78,411 78,941 80,357
27 One- to four-family 13,464 13,014 12,918 12,893 12,920 13,024 13,066 13,611
28 Multifamily 11,556 11,493 11,374 11,318 11,310 11,282 11,249 11,205
29 Nonfarm, nonresidential 42,370 45,213 48,945 50,564 50,758 50,839 51,399 52,271
30 Farm 3,235 3,217 3,212 3,204 3,204 3,266 3,228 3,271
31 Federal Housing Admin. and Dept. of Veterans Affairs 4,733 4,819 5,023 5,115 4,887 4,927 4,917 5,021
32 One- to four-family 1,338 1,370 1,625 1,687 1,722 1,779 1,853 1,910
33 Multifamily 3,394 3,449 3,398 3,428 3,165 3,147 3,063 3,111
34 Resolution Trust Corporation 0 0 0 0 0 0 0 0
35 One- to four-family 0 0 0 0 0 0 0 0
36 Multifamily 0 0 0 0 0 0 0 0
37 Nonfarm, nonresidential 0 0 0 0 0 0 0 0
38 Farm 0 0 0 0 0 0 0 0
39 Federal Deposit Insurance Corporation 11 8 3 6 3 2 2 2
40 One- to four-family 2 1 1 1 0 0 0 0
41 Multifamily 2 2 1 1 1 0 0 0
42 Nonfarm, nonresidential 7 5 2 4 2 1 1 1
43 Farm 0 0 0 0 0 0 0 0
44 Federal National Mortgage Association 400,157 366,680 383,045 392,690 399,420 403,577 411,838 420,992
45 One- to four-family 355,687 314,801 322,703 320,463 321,955 311,831 313,458 315,242
46 Multifamily 44,470 51,879 60,342 72,227 77,465 91,746 98,380 105,750
47 Federal Land Banks 52,793 54,640 59,897 62,902 64,859 67,423 68,964 71,742
48 One- to four-family 15,070 14,515 16,046 19,051 21,008 23,572 24,808 25,686
49 Farm 37,723 40,125 43,851 43,851 43,851 43,851 44,156 46,056
50 Federal Home Loan Mortgage Corporation 61,320 61,428 65,536 68,350 71,680 79,776 86,105 88,345
51 One- to four-family 23,374 20,378 20,543 21,219 22,946 23,876 26,802 26,395
52 Multifamily 37,946 41,050 44,993 47,131 48,734 55,900 59,303 61,950
53 Federal Agricultural Mortgage Corporation 887 804 778 754 742 768 759 784
54 Farm 887 804 778 754 742 768 759 784
 
55 Mortgage pools or trusts5 4,834,403 5,673,395 6,575,142 7,056,351 7,217,958 7,381,689 7,441,639 7,548,580
56 Government National Mortgage Association 441,235 405,246 410,021 417,018 427,255 443,461 461,481 510,217
57 One- to four-family 409,089 371,484 373,886 380,808 390,856 406,822 424,708 473,272
58 Multifamily 32,147 33,762 36,135 36,211 36,398 36,640 36,772 36,945
59 Federal Home Loan Mortgage Corporation 1,189,393 1,309,024 1,450,721 1,571,033 1,643,285 1,717,342 1,762,586 1,802,312
60 One- to four-family 1,173,847 1,294,521 1,442,306 1,561,920 1,633,753 1,706,684 1,751,647 1,791,127
61 Multifamily 15,546 14,503 8,415 9,113 9,532 10,658 10,939 11,185
62 Federal National Mortgage Association 1,743,061 1,826,779 1,973,329 2,083,085 2,167,980 2,298,191 2,373,863 2,444,639
63 One- to four-family 1,673,339 1,753,708 1,894,396 1,999,762 2,081,261 2,206,263 2,278,908 2,346,853
64 Multifamily 69,722 73,071 78,933 83,323 86,719 91,928 94,955 97,786
65 Farmers Home Administration4 0 0 0 0 0 0 0 0
66 One- to four-family 0 0 0 0 0 0 0 0
67 Multifamily 0 0 0 0 0 0 0 0
68 Nonfarm, nonresidential 0 0 0 0 0 0 0 0
69 Farm 0 0 0 0 0 0 0 0
70 Private mortgage conduits 1,459,776 2,131,502 2,737,888 2,980,535 2,974,820 2,918,152 2,839,256 2,787,105
71 One- to four-family6 1,049,767 1,609,699 2,105,469 2,256,223 2,199,705 2,132,365 2,062,046 2,025,279
72 Multifamily 73,068 89,626 103,229 118,250 125,251 124,928 122,275 118,149
73 Nonfarm, nonresidential 336,941 432,176 529,190 606,062 649,864 660,859 654,935 643,678
74 Farm 0 0 0 0 0 0 0 0
75 Federal Agricultural Mortgage Corporation 938 844 3,183 4,679 4,618 4,543 4,453 4,307
76 Farm 938 844 3,183 4,679 4,618 4,543 4,453 4,307
 
77 Individuals and others7 1,202,649 1,365,193 1,467,074 1,440,388 1,442,622 1,427,810 1,430,217 1,385,594
78 One- to four-family 981,482 1,125,988 1,202,923 1,172,018 1,163,985 1,141,911 1,133,434 1,091,488
79 Multifamily 83,275 89,322 96,202 98,983 99,336 101,410 102,261 106,209
80 Nonfarm, nonresidential 130,547 141,929 162,214 160,988 168,737 171,842 181,631 186,029
81 Farm 7,345 7,954 5,734 8,399 10,564 12,647 12,891 1,867

1. Multifamily debt refers to loans on structures of five or more units.   Return to table

2. Includes loans held by nondeposit trust companies but not loans held by bank trust departments.   Return to table

3. Includes savings banks and savings and loan associations.   Return to table

4. FmHA-guaranteed securities sold to the Federal Financing Bank were reallocated from FmHA mortgage pools to FmHA mortgage holdings in 1986:Q4 because of accounting changes by the Farmers Home Administration.   Return to table

5. Outstanding principal balances of mortgage-backed securities insured or guaranteed by the agency indicated.   Return to table

6. Includes securitized home equity loans.   Return to table

7. Other holders include mortgage companies, real estate investment trusts, state and local credit agencies, state and local retirement funds, noninsured pension funds, credit unions, and finance companies.   Return to table

Source: Based on data from various institutional and government sources. Separation of nonfarm mortgage debt by type of property, if not reported directly, and interpolations and extrapolations, when required for some quarters, are estimated in part by the Federal Reserve. Line 70 from LoanPerformance Corporation and other sources.

Statistical Supplement | October 2008 | Tips for printing wide tables | Symbols and Abbreviations

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Last update: October 31, 2008