The Fed - Mortgage Debt Outstanding, March 2018

Mortgage Debt Outstanding

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Release Date: March 2018

Mortgage Debt Outstanding (Table 1.54) Historical data (CSV)

Millions of dollars, end of period

Type of holder and property		2013	2014	2015	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4
1	All holders	13,327,683	13,480,472	13,873,937	14,358,246	14,460,592	14,608,058	14,751,942	14,903,841

	By type of property
2	One- to four- family residences	9,953,252	9,939,306	10,083,008	10,308,199	10,368,079	10,450,566	10,544,111	10,615,971
3	Multifamily residences ¹	925,354	986,169	1,087,013	1,195,932	1,219,080	1,241,825	1,267,414	1,311,128
4	Nonfarm, nonresidential	2,263,877	2,358,197	2,495,117	2,628,115	2,644,943	2,684,660	2,706,863	2,740,642
5	Farm	185,200	196,800	208,800	226,000	228,490	231,008	233,554	236,100

	By type of holder
6	Major financial institutions	4,409,420	4,543,448	4,800,733	5,091,650	5,121,499	5,205,025	5,252,030	5,307,818
7	Depository Institutions ²	4,046,221	4,158,670	4,374,194	4,630,601	4,649,281	4,719,053	4,759,528	4,801,092
8	One- to four-family	2,405,983	2,410,702	2,451,204	2,526,209	2,507,921	2,541,473	2,561,066	2,573,655
9	Multifamily residences	288,997	327,177	379,358	424,830	432,986	442,486	445,088	450,471
10	Nonfarm, nonresidential	1,282,318	1,347,314	1,464,223	1,594,979	1,622,903	1,648,689	1,666,019	1,688,673
11	Farm	68,923	73,477	79,409	84,583	85,471	86,405	87,355	88,293
12	Life insurance companies	363,199	384,778	426,539	461,049	472,218	485,972	492,502	506,726
13	One- to four-family	11,329	14,790	18,985	22,486	23,207	24,129	24,561	25,008
14	Multifamily residences	53,589	56,362	62,144	66,907	68,527	70,523	71,471	72,792
15	Nonfarm, nonresidential	286,281	301,226	332,910	358,456	367,139	377,827	382,829	395,136
16	Farm	12,000	12,400	12,500	13,200	13,345	13,493	13,641	13,790

17	Federal and related agencies	4,993,236	4,987,654	5,036,576	5,146,884	5,201,002	5,219,192	5,261,798	5,315,430
18	Government National Mortgage Association	6,533	5,372	4,655	4,655	3,546	3,305	3,276	3,166
19	One- to four-family	6,533	5,372	4,655	4,655	3,546	3,305	3,276	3,166
20	Multifamily residences	0	0	0	0	0	0	0	0
21	Farmers Home Administration³	101,437	102,054	99,998	101,571	101,500	100,336	102,225	102,469
22	One- to four-family	15,086	14,900	14,659	14,356	14,307	14,749	14,247	14,113
23	Multifamily residences	10,907	10,426	10,248	10,099	10,057	10,208	9,820	9,915
24	Nonfarm, nonresidential	71,199	71,537	69,229	70,656	70,552	69,676	71,208	71,349
25	Farm	4,245	5,190	5,862	6,459	6,584	5,702	6,950	7,092
26	Feder Housing Admin. and Dept. of Veterans Affairs	6,546	9,073	11,654	13,357	13,534	13,706	13,912	14,069
27	One- to four-family	3,710	6,350	9,055	10,868	11,086	11,382	11,580	11,753
28	Multifamily residences	2,836	2,723	2,599	2,489	2,448	2,324	2,333	2,315
29	Resolution Trust Corporation	0	0	0	0	0	0	0	0
30	One- to four-family	0	0	0	0	0	0	0	0
31	Multifamily residences	0	0	0	0	0	0	0	0
32	Nonfarm, nonresidential	0	0	0	0	0	0	0	0
33	Farm	0	0	0	0	0	0	0	0
34	Federal Deposit Insurance Corporation	953	696	173	85	51	1,375	1,260	1,515
35	One- to four-family	282	165	53	26	16	31	29	116
36	Multifamily residences	18	13	0	0	0	206	207	481
37	Nonfarm, nonresidential	654	518	120	58	35	1,138	1,024	918
38	Farm	0	0	0	0	0	0	0	0
39	Federal National Mortgage Association	3,039,559	3,019,300	3,010,753	3,063,646	3,093,430	3,105,954	3,131,487	3,155,703
40	One- to four-family	2,855,668	2,832,000	2,812,411	2,833,750	2,852,739	2,861,253	2,878,456	2,890,634
41	Multifamily residences	183,891	187,300	198,342	229,896	240,691	244,701	253,031	265,069
42	Federal Land Banks	100,751	105,480	114,930	121,594	121,849	123,534	124,818	126,853
43	One- to four-family	15,451	16,680	18,230	17,894	17,006	17,536	17,652	18,519
44	Farm	85,300	88,800	96,700	103,700	104,843	105,998	107,166	108,334
45	Federal Home Loan Mortgage Corporation	1,690,474	1,699,352	1,746,667	1,790,188	1,814,742	1,816,842	1,828,870	1,853,654
46	One- to four-family	1,630,859	1,645,872	1,695,869	1,744,723	1,769,177	1,773,566	1,786,957	1,811,668
47	Multifamily residences	59,615	53,480	50,798	45,465	45,565	43,276	41,913	41,986
48	Federal Home Loan Banks	44,413	43,494	44,488	48,408	48,917	50,474	52,144	53,920
49	One- to four-family	44,413	43,494	44,488	48,408	48,917	50,474	52,144	53,920
50	Multifamily residences	0	0	0	0	0	0	0	0
51	Federal Agricultural Mortgage Corporation	2,570	2,833	3,258	3,380	3,432	3,666	3,805	4,082
52	Farm	2,570	2,833	3,258	3,380	3,432	3,666	3,805	4,082

53	Mortgage pools or trusts⁴	2,774,071	2,742,606	2,791,613	2,828,149	2,843,134	2,877,059	2,917,654	2,952,179
54	Government National Mortgage Association	1,480,095	1,541,633	1,643,043	1,766,760	1,805,549	1,842,845	1,884,164	1,913,406
55	One- to four-family	1,398,447	1,452,090	1,548,769	1,667,502	1,704,502	1,739,180	1,778,395	1,804,764
56	Multifamily residences	81,648	89,543	94,274	99,258	101,047	103,665	105,769	108,642
57	Federal Home Loan Mortgage Corporation	71,268	87,096	114,193	150,227	156,215	165,979	178,738	200,169
58	One- to four-family	6,420	5,800	5,409	5,016	4,771	5,456	7,469	10,817
59	Multifamily residences	64,848	81,296	108,784	145,211	151,444	160,523	171,269	189,352
60	Federal National Mortgage Association	20,382	18,138	15,884	13,290	12,672	12,229	11,781	11,000
61	One- to four-family	19,068	16,871	14,658	12,131	11,565	11,133	10,695	10,000
62	Multifamily residences	1,314	1,267	1,226	1,159	1,107	1,096	1,086	1,000
63	Farmers Home Administration³	0	0	0	0	0	0	0	0
64	One- to four-family	0	0	0	0	0	0	0	0
65	Multifamily residences	0	0	0	0	0	0	0	0
66	Nonfarm, nonresidential	0	0	0	0	0	0	0	0
67	Farm	0	0	0	0	0	0	0	0
68	Private mortgage conduits	1,200,559	1,094,102	1,016,161	895,191	866,023	854,279	841,256	826,734
69	One- to four-family⁵	792,596	699,607	602,610	520,800	509,560	496,470	484,550	473,723
70	Multifamily residences	70,819	68,414	62,017	47,949	43,811	41,324	42,549	43,499
71	Nonfarm, nonresidential	337,144	326,082	351,534	326,443	312,651	316,485	314,157	309,512
72	Farm	0	0	0	0	0	0	0	0
73	Federal Agricultural Mortgage Corporation	1,767	1,637	2,332	2,681	2,675	1,727	1,715	870
74	Farm	1,767	1,637	2,332	2,681	2,675	1,727	1,715	870

75	Individuals and others ⁶	1,150,956	1,206,765	1,245,016	1,291,563	1,294,957	1,306,783	1,320,460	1,328,414
76	One- to four-family	747,407	774,613	841,953	879,374	889,758	900,429	913,034	914,115
77	Multifamily residences	106,872	108,169	117,223	122,670	121,397	121,493	122,879	125,606
78	Nonfarm, nonresidential	286,282	311,520	277,101	277,522	271,662	270,844	271,625	275,054
79	Farm	10,395	12,463	8,739	11,997	12,140	14,017	12,922	13,639

Multifamily debt refers to loans on structures of five or more units. Return to table
Includes loans held by nondeposit trust companies but not loans held by bank trust departments. Includes savings banks and savings and loan associations. Return to table
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
Outstanding principal balances of mortgage-backed securities insured or guaranteed by the agency indicated. Return to table
Includes securitized home equity loans. Return to table
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. Private Mortgage Conduits from LoanPerformance Corporation and other sources.

Last Update: March 8, 2018