The Fed - Mortgage Debt Outstanding, December 2019

Mortgage Debt Outstanding

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Release Date: December 2019

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

Millions of dollars, end of period

Type of holder and property		2015	2016	2017	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3
1	All holders	13,880,721	14,332,418	14,888,680	15,290,110	15,423,969	15,512,605	15,653,704	15,841,071

	By type of property
2	One- to four- family residences	10,076,259	10,277,461	10,580,311	10,803,194	10,866,755	10,896,330	10,983,382	11,074,883
3	Multifamily residences ¹	1,118,533	1,236,623	1,357,517	1,440,606	1,473,798	1,497,555	1,523,502	1,565,053
4	Nonfarm, nonresidential	2,477,130	2,592,334	2,714,652	2,803,005	2,837,717	2,870,258	2,895,566	2,947,058
5	Farm	208,800	226,000	236,200	243,305	245,700	248,462	251,254	254,077

	By type of holder
6	Major financial institutions	4,804,233	5,096,661	5,307,996	5,450,005	5,487,873	5,516,942	5,589,317	5,646,510
7	Depository Institutions ²	4,373,558	4,631,200	4,801,330	4,897,059	4,919,764	4,936,609	5,000,988	5,044,136
8	One- to four-family	2,450,730	2,526,114	2,573,223	2,604,599	2,602,533	2,597,230	2,630,960	2,642,077
9	Multifamily residences	379,439	424,880	450,538	476,863	481,631	487,896	497,972	505,623
10	Nonfarm, nonresidential	1,463,980	1,595,623	1,689,044	1,724,458	1,743,566	1,758,423	1,777,827	1,801,146
11	Farm	79,409	84,583	88,525	91,139	92,034	93,060	94,229	95,290
12	Life insurance companies	430,675	465,461	506,666	552,946	568,109	580,333	588,329	602,374
13	One- to four-family	19,308	22,846	25,190	30,108	31,827	32,648	33,053	33,983
14	Multifamily residences	85,881	99,343	115,058	130,384	135,616	140,211	143,464	146,905
15	Nonfarm, nonresidential	312,986	330,072	351,418	377,003	385,063	391,695	395,856	405,351
16	Farm	12,500	13,200	15,000	15,451	15,603	15,779	15,956	16,135

17	Federal and related agencies	5,036,576	5,146,884	5,314,929	5,415,432	5,458,289	5,481,561	5,511,402	5,584,910
18	Government National Mortgage Association	4,655	4,655	3,166	2,876	2,793	2,716	2,646	2,570
19	One- to four-family	4,655	4,655	3,166	2,876	2,793	2,716	2,646	2,570
20	Multifamily residences	0	0	0	0	0	0	0	0
21	Farmers Home Administration³	99,998	101,571	102,469	104,558	105,713	106,296	102,899	105,567
22	One- to four-family	14,659	14,356	14,113	13,969	13,970	13,874	13,440	13,498
23	Multifamily residences	10,248	10,099	9,915	9,768	9,739	9,686	5,980	9,419
24	Nonfarm, nonresidential	69,229	70,656	71,349	73,166	74,150	74,802	75,241	74,098
25	Farm	5,862	6,459	7,092	7,655	7,854	7,934	8,238	8,551
26	Feder Housing Admin. and Dept. of Veterans Affairs	11,654	13,357	14,069	14,451	14,624	14,870	15,083	15,305
27	One- to four-family	9,055	10,868	11,753	12,249	12,438	12,672	12,906	13,141
28	Multifamily residences	2,599	2,489	2,315	2,203	2,186	2,199	2,177	2,164
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	1,921	1,400	1,055	1,357	1,005
35	One- to four-family	53	26	116	33	21	18	23	21
36	Multifamily residences	0	0	481	1,209	823	628	797	678
37	Nonfarm, nonresidential	120	58	918	679	556	410	537	306
38	Farm	0	0	0	0	0	0	0	0
39	Federal National Mortgage Association	3,010,753	3,063,646	3,155,703	3,209,155	3,223,783	3,232,801	3,243,452	3,280,189
40	One- to four-family	2,812,411	2,833,750	2,890,634	2,924,857	2,929,925	2,930,649	2,932,553	2,962,083
41	Multifamily residences	198,342	229,896	265,069	284,298	293,858	302,152	310,899	318,106
42	Federal Land Banks	114,930	121,594	126,711	130,532	133,618	133,323	134,773	136,592
43	One- to four-family	18,230	17,894	19,511	20,107	22,106	20,558	20,741	21,278
44	Farm	96,700	103,700	107,200	110,425	111,512	112,765	114,032	115,314
45	Federal Home Loan Mortgage Corporation	1,746,667	1,790,188	1,853,654	1,888,010	1,909,846	1,921,976	1,939,930	1,969,320
46	One- to four-family	1,695,869	1,744,723	1,811,668	1,852,631	1,870,839	1,886,134	1,903,672	1,927,041
47	Multifamily residences	50,798	45,465	41,986	35,379	39,007	35,842	36,258	42,279
48	Federal Home Loan Banks	44,488	48,408	53,768	60,044	62,507	64,043	66,501	69,363
49	One- to four-family	44,488	48,408	53,768	60,044	62,507	64,043	66,501	69,363
50	Multifamily residences	0	0	0	0	0	0	0	0
51	Federal Agricultural Mortgage Corporation	3,258	3,380	3,874	3,885	4,005	4,481	4,760	4,999
52	Farm	3,258	3,380	3,874	3,885	4,005	4,481	4,760	4,999

53	Mortgage pools or trusts⁴	2,791,613	2,827,208	2,972,717	3,105,397	3,144,870	3,161,789	3,181,976	3,219,063
54	Government National Mortgage Association	1,643,043	1,766,760	1,913,406	2,008,201	2,042,243	2,058,350	2,076,442	2,092,829
55	One- to four-family	1,548,769	1,667,502	1,804,764	1,892,998	1,924,443	1,938,977	1,955,271	1,969,932
56	Multifamily residences	94,274	99,258	108,642	115,203	117,800	119,373	121,171	122,897
57	Federal Home Loan Mortgage Corporation	114,193	150,227	200,169	227,544	241,049	248,239	255,811	268,245
58	One- to four-family	5,409	5,016	10,817	15,355	17,782	19,347	21,972	24,387
59	Multifamily residences	108,784	145,211	189,352	212,189	223,267	228,892	233,839	243,858
60	Federal National Mortgage Association	15,884	13,290	11,501	8,085	7,875	7,800	7,755	7,700
61	One- to four-family	14,658	12,131	10,426	7,035	6,850	6,800	6,780	6,750
62	Multifamily residences	1,226	1,159	1,075	1,050	1,025	1,000	975	950
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	859,952	852,236	845,940	840,510	848,841
69	One- to four-family⁵	602,610	518,039	474,674	471,693	467,294	461,949	461,747	452,171
70	Multifamily residences	62,017	47,857	43,499	43,122	42,587	41,956	41,812	43,665
71	Nonfarm, nonresidential	351,534	328,355	327,763	345,137	342,355	342,034	336,951	353,006
72	Farm	0	0	0	0	0	0	0	0
73	Federal Agricultural Mortgage Corporation	2,332	2,681	1,706	1,615	1,467	1,460	1,458	1,448
74	Farm	2,332	2,681	1,706	1,615	1,467	1,460	1,458	1,448

75	Individuals and others ⁶	1,248,300	1,261,665	1,293,038	1,319,276	1,332,937	1,352,313	1,371,009	1,390,588
76	One- to four-family	835,355	851,132	876,488	894,641	901,427	908,716	921,117	936,588
77	Multifamily residences	124,925	130,967	129,587	128,938	126,259	127,720	128,157	128,509
78	Nonfarm, nonresidential	279,281	267,569	274,160	282,562	292,026	302,894	309,154	313,151
79	Farm	8,739	11,997	12,803	13,135	13,225	12,983	12,581	12,340

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: December 12, 2019