The Fed - Mortgage Debt Outstanding, September 2019

Mortgage Debt Outstanding

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Release Date: September 2019

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

Millions of dollars, end of period

Type of holder and property		2015	2016	2017	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2
1	All holders	13,881,375	14,322,334	14,869,448	15,125,571	15,271,135	15,402,913	15,492,366	15,626,231

	By type of property
2	One- to four- family residences	10,076,597	10,272,242	10,568,948	10,694,027	10,793,463	10,855,297	10,886,004	10,965,453
3	Multifamily residences ¹	1,118,796	1,232,569	1,349,387	1,396,949	1,432,087	1,465,278	1,489,373	1,515,272
4	Nonfarm, nonresidential	2,477,183	2,591,523	2,713,013	2,792,726	2,801,801	2,836,639	2,868,478	2,894,154
5	Farm	208,800	226,000	238,100	241,869	243,784	245,700	248,511	251,353

	By type of holder
6	Major financial institutions	4,804,233	5,096,661	5,307,996	5,404,558	5,450,074	5,488,147	5,516,947	5,589,333
7	Depository Institutions ²	4,373,558	4,631,200	4,801,330	4,868,192	4,897,128	4,920,038	4,936,614	5,001,004
8	One- to four-family	2,450,730	2,526,114	2,572,923	2,586,489	2,604,843	2,602,924	2,597,666	2,631,385
9	Multifamily residences	379,439	424,880	450,538	467,773	476,489	481,251	487,837	497,954
10	Nonfarm, nonresidential	1,463,980	1,595,623	1,689,044	1,723,739	1,724,898	1,744,253	1,758,462	1,777,833
11	Farm	79,409	84,583	88,825	90,191	90,898	91,610	92,649	93,832
12	Life insurance companies	430,675	465,461	506,666	536,366	552,946	568,109	580,333	588,329
13	One- to four-family	19,308	22,846	25,090	28,297	30,099	31,848	32,667	33,069
14	Multifamily residences	85,881	99,343	115,058	124,920	130,384	135,616	140,211	143,464
15	Nonfarm, nonresidential	312,986	330,072	351,418	367,810	377,003	385,063	391,695	395,856
16	Farm	12,500	13,200	15,100	15,339	15,460	15,582	15,760	15,940

17	Federal and related agencies	5,036,576	5,146,884	5,314,929	5,369,802	5,415,432	5,456,855	5,481,561	5,511,402
18	Government National Mortgage Association	4,655	4,655	3,166	2,962	2,876	2,793	2,716	2,646
19	One- to four-family	4,655	4,655	3,166	2,962	2,876	2,793	2,716	2,646
20	Multifamily residences	0	0	0	0	0	0	0	0
21	Farmers Home Administration³	99,998	101,571	102,469	103,864	104,558	105,713	106,296	102,899
22	One- to four-family	14,659	14,356	14,113	13,962	13,969	13,970	13,874	13,440
23	Multifamily residences	10,248	10,099	9,915	9,821	9,768	9,739	9,686	5,980
24	Nonfarm, nonresidential	69,229	70,656	71,349	72,623	73,166	74,150	74,802	75,241
25	Farm	5,862	6,459	7,092	7,458	7,655	7,854	7,934	8,238
26	Feder Housing Admin. and Dept. of Veterans Affairs	11,654	13,357	14,069	14,300	14,451	14,624	14,870	15,083
27	One- to four-family	9,055	10,868	11,753	12,080	12,249	12,438	12,672	12,906
28	Multifamily residences	2,599	2,489	2,315	2,219	2,203	2,186	2,199	2,177
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	173	85	1,515	1,990	1,921	1,400	1,055	1,357
35	One- to four-family	53	26	116	39	33	21	18	23
36	Multifamily residences	0	0	481	1,248	1,209	823	628	797
37	Nonfarm, nonresidential	120	58	918	703	679	556	410	537
38	Farm	0	0	0	0	0	0	0	0
39	Federal National Mortgage Association	3,010,753	3,063,646	3,155,703	3,186,600	3,209,155	3,223,783	3,232,801	3,243,452
40	One- to four-family	2,812,411	2,833,750	2,890,634	2,910,803	2,924,857	2,929,925	2,930,649	2,932,553
41	Multifamily residences	198,342	229,896	265,069	275,797	284,298	293,858	302,152	310,899
42	Federal Land Banks	114,930	121,594	126,711	128,566	130,532	132,184	133,323	134,773
43	One- to four-family	18,230	17,894	19,011	19,161	20,261	21,046	20,914	21,078
44	Farm	96,700	103,700	107,700	109,405	110,271	111,138	112,409	113,695
45	Federal Home Loan Mortgage Corporation	1,746,667	1,790,188	1,853,654	1,870,433	1,888,010	1,909,846	1,921,976	1,939,930
46	One- to four-family	1,695,869	1,744,723	1,811,668	1,835,160	1,852,631	1,870,839	1,886,134	1,903,672
47	Multifamily residences	50,798	45,465	41,986	35,273	35,379	39,007	35,842	36,258
48	Federal Home Loan Banks	44,488	48,408	53,768	57,172	60,044	62,507	64,043	66,501
49	One- to four-family	44,488	48,408	53,768	57,172	60,044	62,507	64,043	66,501
50	Multifamily residences	0	0	0	0	0	0	0	0
51	Federal Agricultural Mortgage Corporation	3,258	3,380	3,874	3,916	3,885	4,005	4,481	4,760
52	Farm	3,258	3,380	3,874	3,916	3,885	4,005	4,481	4,760

53	Mortgage pools or trusts⁴	2,791,613	2,827,208	2,972,717	3,067,245	3,105,793	3,145,035	3,162,006	3,174,882
54	Government National Mortgage Association	1,643,043	1,766,760	1,913,406	1,970,832	2,008,201	2,042,243	2,058,350	2,076,442
55	One- to four-family	1,548,769	1,667,502	1,804,764	1,857,564	1,892,998	1,924,443	1,938,977	1,955,271
56	Multifamily residences	94,274	99,258	108,642	113,268	115,203	117,800	119,373	121,171
57	Federal Home Loan Mortgage Corporation	114,193	150,227	200,169	219,612	227,544	241,049	248,239	255,811
58	One- to four-family	5,409	5,016	10,817	13,587	15,355	17,782	19,347	21,972
59	Multifamily residences	108,784	145,211	189,352	206,025	212,189	223,267	228,892	233,839
60	Federal National Mortgage Association	15,884	13,290	11,501	8,308	8,085	7,875	7,800	7,755
61	One- to four-family	14,658	12,131	10,426	7,230	7,035	6,850	6,800	6,780
62	Multifamily residences	1,226	1,159	1,075	1,078	1,050	1,025	1,000	975
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	1,016,161	894,250	845,935	866,880	860,348	852,401	846,157	833,416
69	One- to four-family⁵	602,610	518,039	474,674	473,117	472,041	467,422	461,846	454,406
70	Multifamily residences	62,017	47,857	43,499	40,570	43,122	42,587	41,956	41,812
71	Nonfarm, nonresidential	351,534	328,355	327,763	353,193	345,184	342,392	342,354	337,197
72	Farm	0	0	0	0	0	0	0	0
73	Federal Agricultural Mortgage Corporation	2,332	2,681	1,706	1,613	1,615	1,467	1,460	1,458
74	Farm	2,332	2,681	1,706	1,613	1,615	1,467	1,460	1,458

75	Individuals and others ⁶	1,248,954	1,251,581	1,273,806	1,283,966	1,299,836	1,312,876	1,331,852	1,350,615
76	One- to four-family	835,693	845,913	866,025	876,404	884,172	890,489	897,682	909,750
77	Multifamily residences	125,188	126,913	121,457	118,957	120,793	118,119	119,597	119,945
78	Nonfarm, nonresidential	279,334	266,758	272,521	274,658	280,871	290,224	300,755	307,490
79	Farm	8,739	11,997	13,803	13,947	14,000	14,044	13,818	13,430

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: September 23, 2019