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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

Source: U.S. Census Bureau | Residential Finance Survey |  Last Revised: 2012-08-02T15:15:13.203-04:00