Residential Finance Survey

Residential Finance Survey: 2001 - Northeast
Table 1-1b. 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	14789	12386	10490	444	996	456	2403	1296	540	112	15	324	116
Mortgaged@2	8917	7875	6829	245	622	179	1041	497	260	66	13	180	26
Nonmortgaged	5872	4511	3660	199	374	277	1362	799	280	46	2	145	90
MORTGAGED PROPERTIES Type of First Mortgage Instrument Fixed-rate, level-payment mortgage	6791	6068	5330	178	494	67	723	346	200	42	10	118	7
Short-term with balloon payment mortgage	308	275	240	5	27	3	33	5	7	8	1	6	6
Reverse mortgage	0	0	0	0	0	0	0	0	0	0	0	0	0
Adjustable rate mortgage (ARM)	1106	866	739	44	83	0	239	116	48	12	2	55	7
Other	712	666	520	18	18	109	47	31	4	5	0	0	7
First Mortgage Insurance Status FHA-insured first mortgage	791	718	632	30	43	13	73	45	19	3	1	5	0
VA-guaranteed first mortgage	177	177	141	4	28	3	0	0	0	0	0	0	0
Rural Housing Service/Rural Development-guaranteed loan	146	140	125	1	14	0	6	0	0	1	0	5	0
Insured by state agency	200	181	163	6	12	0	19	9	0	2	1	8	0
Insured by state agency with FHA insurance, VA or Rural Housing Service/Rural Development guarantee	8	8	8	0	0	0	0	0	0	0	0	0	0
Insured conventional first mortgage	1053	921	796	27	92	7	132	73	26	5	1	20	7
Uninsured conventional first mortgage	5919	5142	4505	166	423	47	777	348	211	52	10	143	13
Not available	623	589	459	11	10	109	34	23	3	1	0	0	7
Holder of First Mortgage Commercial bank or trust company	1345	1139	966	38	84	52	206	110	39	14	2	41	0
Savings and loan association, federal savings bank	887	778	634	32	80	32	109	54	25	11	2	4	13
Mutual savings bank	447	346	307	5	31	3	101	49	28	4	0	20	0
Life insurance company	144	122	107	6	10	0	22	5	3	3	0	2	7
Mortgage banker or mortgage company	629	568	501	19	45	3	61	37	11	3	0	9	0
Federally-sponsored secondary market agency or pool	3578	3256	2845	97	290	24	322	124	100	16	4	72	6
Conventional mortgage pool	112	103	96	3	0	4	8	6	0	0	0	3	0
Other federal agency	265	225	188	12	20	5	40	23	11	2	1	5	0
Real estate investment trust	33	19	19	0	0	0	15	7	3	4	1	0	0
Pension or retirement fund	16	15	15	0	0	0	0	0	0	0	0	0	0
Credit union	404	375	358	5	7	4	29	13	5	2	0	8	0
Finance company	420	394	330	11	18	36	26	17	8	1	0	0	0
State or municipal government or housing finance agency	367	310	281	4	24	0	57	32	14	2	2	8	0
Individual or individual's estate	132	109	97	6	6	0	23	9	7	2	0	4	0
Other	138	117	86	8	8	16	20	12	5	1	0	2	0
Holder of Junior Mortgage Commercial bank or trust company	329	321	303	4	10	3	8	0	3	1	0	4	0
Savings and loan association, federal savings bank	156	144	112	8	0	23	12	6	0	1	0	5	0
Mutual savings bank	93	93	74	0	13	5	0	0	0	0	0	0	0
Life insurance company	13	13	7	6	0	0	0	0	0	0	0	0	0
Mortgage banker or mortgage company	39	34	34	0	0	0	6	0	0	0	0	5	0
Federally-sponsored secondary market agency or pool	233	212	177	11	23	0	22	8	9	4	1	0	0
Conventional mortgage pool	19	19	19	0	0	0	0	0	0	0	0	0	0
Other federal agency	38	38	35	1	2	0	0	0	0	0	0	0	0
Real estate investment trust	0	0	0	0	0	0	0	0	0	0	0	0	0
Pension or retirement fund	0	0	0	0	0	0	0	0	0	0	0	0	0
Credit union	400	396	373	17	3	4	4	0	3	1	0	0	0
Finance company	982	917	848	19	31	19	65	20	32	0	0	13	0
State or municipal government or housing finance agency	25	20	10	5	5	0	5	0	4	0	0	0	0
Individual or individual's estate	30	28	27	1	0	0	2	0	1	1	0	0	0
Other	41	34	22	3	0	8	7	6	0	0	0	0	0
Holder of Equity Line of Credit Commercial bank or trust company	251	250	234	2	10	4	0	0	0	0	0	0	0
Savings and loan association, federal savings bank	64	64	62	0	0	2	0	0	0	0	0	0	0
Mutual savings bank	63	62	62	0	0	0	0	0	0	0	0	0	0
Credit union	430	421	403	15	3	0	10	6	3	0	0	0	0
Finance company	1202	1116	1035	30	41	10	86	37	34	1	0	13	0
Other	21	14	11	0	0	3	6	6	0	0	0	0	0
Holder of Installment Loan Commercial bank or trust company	29	29	0	0	0	29	0	0	0	0	0	0	0
Savings and loan association, federal savings bank	50	43	0	0	0	43	7	0	0	0	0	0	7
Mutual savings bank	8	8	0	0	0	8	0	0	0	0	0	0	0
Credit union	4	4	0	0	0	4	0	0	0	0	0	0	0
Finance company	40	40	0	0	0	40	0	0	0	0	0	0	0
State or municipal government or housing finance agency	0	0	0	0	0	0	0	0	0	0	0	0	0
Other	21	21	0	0	0	21	0	0	0	0	0	0	0
OUTSTANDING MORTGAGE DEBT (million dollars) Outstanding Traditional Mortgage Debt All mortgaged properties Total mortgage debt	896945	750276	660179	24965	59210	5923	146669	34606	23324	26002	48049	13667	1020
First mortgage debt	842760	703472	618116	23868	56864	4624	139288	34391	22378	24097	44353	13049	1020
Junior mortgage debt	54185	46804	42063	1097	2346	1298	7381	215	947	1905	3696	618	0
Outstanding Traditional First Mortgage Debt by Mortgage Insurance Status FHA-insured mortgage	70207	58585	52322	2353	3599	311	11622	3427	1831	1207	4941	216	0
VA-guaranteed first mortgage	19109	19109	15345	415	3138	211	0	0	0	0	0	0	0
Rural Housing Service/Rural Development-guaranteed loan	13356	11125	9963	87	1075	0	2231	0	0	1166	723	342	0
Insured by state agency	21540	17919	16258	657	1003	0	3621	837	0	764	1609	411	0
Insured by state agency with FHA insurance, VA or Rural Housing Service/Rural Development guarantee	904	632	632	0	0	0	273	0	0	0	273	0	0
Insured conventional first mortgage	121990	105378	91038	3643	10604	93	16611	6531	2110	1853	2958	2341	818
Uninsured conventional first mortgage	587552	482817	426992	16526	37445	1854	104735	23596	18437	19096	33835	9739	34
Not available	8102	7908	5566	186	0	2156	195	0	0	11	14	0	169
Outstanding Traditional Mortgage Debt by Holder of Mortgage Commercial bank or trust company Total mortgage debt	126254	102741	88948	4427	8102	1264	23513	5777	3203	4720	7415	2398	0
First mortgage debt	113802	91586	78464	4339	7570	1212	22216	5777	2905	4306	6902	2327	0
Junior mortgage debt	12451	11155	10484	88	532	51	1296	0	298	414	513	71	0
Savings and loan association, federal savings bank Total mortgage debt	104528	88699	74163	3030	10122	1383	15830	2847	2054	4203	5075	664	986
First mortgage debt	98626	83839	70084	2838	10122	795	14786	2744	2054	3869	4846	287	986
Junior mortgage debt	5903	4859	4079	193	0	588	1043	103	0	334	229	378	0
Mutual savings bank Total mortgage debt	40866	30329	27676	192	2346	116	10537	3379	3497	1440	972	1248	0
First mortgage debt	37792	27404	24834	192	2314	64	10388	3379	3497	1402	862	1248	0
Junior mortgage debt	3074	2925	2842	0	32	52	149	0	0	38	111	0	0
Life insurance company Total mortgage debt	15517	11199	9984	575	640	0	4318	670	44	852	2387	331	34
First mortgage debt	14942	10837	9760	437	640	0	4105	670	44	849	2176	331	34
Junior mortgage debt	576	362	224	138	0	0	214	0	0	3	211	0	0
Mortgage banker or mortgage company Total mortgage debt	73551	66891	57348	2755	6673	115	6660	3279	1179	719	356	1126	0
First mortgage debt	72271	65802	56259	2755	6673	115	6469	3279	1179	719	335	956	0
Junior mortgage debt	1279	1089	1089	0	0	0	190	0	0	0	21	170	0
Federally-sponsored secondary market agency or pool Total mortgage debt	362143	315382	279592	9369	25407	1013	46761	9265	8395	7827	15400	5873	0
First mortgage debt	345871	301124	266807	9031	24272	1013	44748	9189	8215	7328	14143	5873	0
Junior mortgage debt	16271	14258	12785	339	1134	0	2013	76	181	499	1257	0	0
Conventional mortgage pool Total mortgage debt	13863	12990	12394	328	0	268	873	191	0	93	583	7	0
First mortgage debt	13041	12236	11640	328	0	268	805	191	0	93	514	7	0
Junior mortgage debt	822	754	754	0	0	0	68	0	0	0	68	0	0
Other federal agency Total mortgage debt	29777	22434	19855	852	1654	74	7344	2522	1068	1511	1993	248	0
First mortgage debt	28471	21316	18807	833	1602	74	7155	2522	1068	1425	1891	248	0
Junior mortgage debt	1306	1118	1047	19	51	0	189	0	0	86	103	0	0
Real estate investment trust Total mortgage debt	7472	3523	3523	0	0	0	3949	1242	169	813	1725	0	0
First mortgage debt	7354	3523	3523	0	0	0	3831	1242	169	708	1712	0	0
Junior mortgage debt	118	0	0	0	0	0	118	0	0	105	13	0	0
Pension or retirement fund Total mortgage debt	1795	985	985	0	0	0	809	0	0	65	744	0	0
First mortgage debt	1747	985	985	0	0	0	762	0	0	64	698	0	0
Junior mortgage debt	47	0	0	0	0	0	47	0	0	2	46	0	0
Credit union Total mortgage debt	27606	24703	22815	798	835	255	2902	261	505	742	760	636	0
First mortgage debt	24471	21718	20041	750	835	92	2754	261	433	707	717	636	0
Junior mortgage debt	3135	2986	2774	48	0	163	149	0	71	35	43	0	0
Finance company Total mortgage debt	16047	14822	13238	186	262	1136	1226	0	326	248	652	0	0
First mortgage debt	13656	12475	11212	186	262	814	1182	0	326	238	619	0	0
Junior mortgage debt	2391	2347	2025	0	0	322	44	0	0	11	33	0	0
State or municipal government or housing finance agency Total mortgage debt	46766	32192	29490	621	2080	0	14575	3475	1731	1355	7545	469	0
First mortgage debt	43518	30424	28478	462	1484	0	13094	3475	1374	1175	6601	469	0
Junior mortgage debt	3249	1767	1012	159	596	0	1481	0	357	180	944	0	0
Individual or individual's estate Total mortgage debt	15260	11114	10173	455	485	0	4146	825	946	900	930	544	0
First mortgage debt	14062	10187	9291	411	485	0	3875	825	906	719	880	544	0
Junior mortgage debt	1197	927	882	44	0	0	270	0	40	181	50	0	0
Other Total mortgage debt	15501	12274	9995	1376	604	299	3227	872	207	513	1513	122	0
First mortgage debt	13136	10018	7930	1307	604	177	3119	837	207	496	1458	122	0
Junior mortgage debt	2365	2256	2065	69	0	122	108	36	0	18	55	0	0
Outstanding Equity Line of Credit Debt by Holder Commercial bank or trust company	5701	5682	5023	51	532	77	19	0	0	4	14	0	0
Savings and loan association, federal savings bank	2607	2607	2607	0	0	0	0	0	0	0	0	0	0
Mutual savings bank	2257	2249	2249	0	0	0	8	0	0	8	0	0	0
Credit union	2715	2643	2643	0	0	0	71	0	71	0	0	0	0
Finance company	1386	1386	1200	186	0	0	0	0	0	0	0	0	0
Other	263	227	196	0	0	31	36	36	0	0	0	0	0
Outstanding Installment Debt by Holder Commercial bank or trust company	664	664	0	0	0	664	0	0	0	0	0	0	0
Savings and loan association, federal savings bank	1419	1251	0	0	0	1251	169	0	0	0	0	0	169
Mutual savings bank	116	116	0	0	0	116	0	0	0	0	0	0	0
Credit union	163	163	0	0	0	163	0	0	0	0	0	0	0
Finance company	775	775	0	0	0	775	0	0	0	0	0	0	0
State or municipal government or housing finance agency	0	0	0	0	0	0	0	0	0	0	0	0	0
Other	268	268	0	0	0	268	0	0	0	0	0	0	0