Residential Finance Survey

Residential Finance Survey: 2001 - Midwest
Table 1-1c. 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	19860	16585	14636	229	744	975	3275	2147	547	118	15	177	271
Mortgaged@2	12065	10555	9482	147	455	471	1511	926	339	77	13	111	44
Nonmortgaged	7794	6030	5154	82	289	505	1764	1221	208	40	2	66	227
MORTGAGED PROPERTIES Type of First Mortgage Instrument Fixed-rate, level-payment mortgage	8813	7843	7292	104	343	104	970	599	224	46	10	91	0
Short-term with balloon payment mortgage	659	525	514	4	8	0	134	88	13	10	1	15	7
Reverse mortgage	0	0	0	0	0	0	0	0	0	0	0	0	0
Adjustable rate mortgage (ARM)	1562	1236	1124	27	70	15	327	212	87	19	2	4	3
Other	1030	951	552	12	35	351	80	28	15	2	0	1	33
First Mortgage Insurance Status FHA-insured first mortgage	1025	896	815	8	73	0	128	92	29	6	1	0	0
VA-guaranteed first mortgage	235	216	200	1	10	5	19	7	12	0	0	0	0
Rural Housing Service/Rural Development-guaranteed loan	195	164	157	0	2	4	31	18	5	5	1	2	0
Insured by state agency	242	191	179	1	11	0	51	37	10	3	2	0	0
Insured by state agency with FHA insurance, VA or Rural Housing Service/Rural Development guarantee	10	10	3	0	7	0	0	0	0	0	0	0	0
Insured conventional first mortgage	1239	1100	997	15	65	23	139	94	18	7	1	19	0
Uninsured conventional first mortgage	8236	7151	6690	112	258	91	1085	666	256	55	8	89	11
Not available	883	825	441	10	28	347	58	13	10	1	0	1	33
Holder of First Mortgage Commercial bank or trust company	2114	1790	1590	24	94	82	324	216	61	24	2	10	11
Savings and loan association, federal savings bank	1312	1114	991	15	51	57	198	100	65	9	1	18	5
Mutual savings bank	154	122	106	0	9	7	32	20	11	2	0	0	0
Life insurance company	172	150	135	2	13	0	22	13	7	2	1	0	0
Mortgage banker or mortgage company	655	565	511	14	37	3	90	45	16	2	0	26	0
Federally-sponsored secondary market agency or pool	5167	4649	4378	50	178	43	517	336	108	22	6	46	0
Conventional mortgage pool	195	157	149	5	4	0	38	33	4	0	0	0	0
Other federal agency	286	245	219	4	18	4	41	27	3	5	1	4	0
Real estate investment trust	17	16	16	0	0	0	1	0	1	0	0	0	0
Pension or retirement fund	18	18	14	0	4	0	0	0	0	0	0	0	0
Credit union	538	494	405	6	22	60	44	10	17	3	0	0	14
Finance company	634	556	349	8	9	190	78	51	11	1	0	1	14
State or municipal government or housing finance agency	406	343	318	16	4	5	63	43	17	3	1	0	0
Individual or individual's estate	213	177	166	3	6	3	36	24	9	3	0	0	0
Other	185	160	135	1	7	16	25	9	9	2	0	5	0
Holder of Junior Mortgage Commercial bank or trust company	720	673	637	2	23	12	47	33	12	2	0	0	0
Savings and loan association, federal savings bank	264	244	229	1	6	8	20	14	5	1	0	0	0
Mutual savings bank	18	18	18	0	0	0	0	0	0	0	0	0	0
Life insurance company	24	22	15	0	7	0	2	0	2	0	0	0	0
Mortgage banker or mortgage company	60	45	45	0	0	0	15	15	0	0	0	0	0
Federally-sponsored secondary market agency or pool	297	262	246	5	12	0	35	11	10	3	1	10	0
Conventional mortgage pool	22	22	19	3	0	0	0	0	0	0	0	0	0
Other federal agency	22	21	21	0	0	0	1	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	4	4	4	0	0	0	0	0	0	0	0	0	0
Credit union	486	473	454	6	5	8	13	12	1	0	0	0	0
Finance company	1242	1162	1075	15	32	40	80	64	14	2	0	0	0
State or municipal government or housing finance agency	42	32	32	0	0	0	10	6	4	1	0	0	0
Individual or individual's estate	8	8	8	0	0	0	0	0	0	0	0	0	0
Other	64	60	43	5	9	3	3	0	2	1	0	0	0
Holder of Equity Line of Credit Commercial bank or trust company	448	437	413	5	19	0	11	9	2	1	0	0	0
Savings and loan association, federal savings bank	133	133	129	0	4	0	0	0	0	0	0	0	0
Mutual savings bank	0	0	0	0	0	0	0	0	0	0	0	0	0
Credit union	515	500	476	8	10	6	16	12	4	0	0	0	0
Finance company	1392	1293	1233	15	35	10	100	76	20	2	0	1	0
Other	42	42	28	5	9	0	0	0	0	0	0	0	0
Holder of Installment Loan Commercial bank or trust company	59	59	0	0	0	59	0	0	0	0	0	0	0
Savings and loan association, federal savings bank	55	50	0	0	0	50	5	0	0	0	0	0	5
Mutual savings bank	7	7	0	0	0	7	0	0	0	0	0	0	0
Credit union	63	49	0	0	0	49	14	0	0	0	0	0	14
Finance company	231	217	0	0	0	217	14	0	0	0	0	0	14
State or municipal government or housing finance agency	5	5	0	0	0	5	0	0	0	0	0	0	0
Other	15	15	0	0	0	15	0	0	0	0	0	0	0
OUTSTANDING MORTGAGE DEBT (million dollars) Outstanding Traditional Mortgage Debt All mortgaged properties Total mortgage debt	1021586	851869	791600	10910	34106	15253	169716	54900	26285	30477	47525	9131	1398
First mortgage debt	964117	803573	746740	10382	32854	13597	160544	52849	24863	26970	45551	8914	1398
Junior mortgage debt	57469	48297	44861	529	1251	1656	9172	2051	1422	3506	1975	218	0
Outstanding Traditional First Mortgage Debt by Mortgage Insurance Status FHA-insured mortgage	79435	63153	56811	424	5918	0	16281	6150	2259	3362	4510	0	0
VA-guaranteed first mortgage	15942	14680	13738	143	673	125	1262	132	1130	0	0	0	0
Rural Housing Service/Rural Development-guaranteed loan	14617	10698	10422	0	28	247	3920	344	292	2245	841	198	0
Insured by state agency	30889	14736	13976	48	713	0	16153	2742	573	962	11876	0	0
Insured by state agency with FHA insurance, VA or Rural Housing Service/Rural Development guarantee	515	504	421	0	84	0	10	0	0	0	10	0	0
Insured conventional first mortgage	117228	103026	94373	1293	5667	1692	14202	6026	1557	2103	2718	1799	0
Uninsured conventional first mortgage	690694	582759	552061	8419	19380	2899	107935	37455	19052	18299	25595	6917	617
Not available	14797	14017	4937	55	391	8633	780	0	0	0	0	0	780
Outstanding Traditional Mortgage Debt by Holder of Mortgage Commercial bank or trust company Total mortgage debt	212723	169890	156594	2399	8034	2863	42833	16454	6440	11035	7568	719	617
First mortgage debt	191798	152554	140007	2353	7574	2620	39244	15903	6230	8671	7105	719	617
Junior mortgage debt	20925	17336	16588	46	460	243	3589	551	210	2364	463	0	0
Savings and loan association, federal savings bank Total mortgage debt	105341	84878	79765	876	3186	1052	20463	6452	5596	3874	3273	1127	142
First mortgage debt	98276	78769	73907	847	3088	926	19508	5837	5512	3759	3132	1127	142
Junior mortgage debt	7065	6110	5858	29	97	126	955	615	83	115	141	0	0
Mutual savings bank Total mortgage debt	10095	7571	6605	0	737	229	2525	458	966	630	470	0	0
First mortgage debt	9614	7180	6215	0	737	229	2434	458	966	566	444	0	0
Junior mortgage debt	481	390	390	0	0	0	90	0	0	64	26	0	0
Life insurance company Total mortgage debt	18467	13786	12155	214	1417	0	4681	380	827	545	2929	0	0
First mortgage debt	17784	13270	11745	214	1311	0	4514	380	706	545	2883	0	0
Junior mortgage debt	682	515	410	0	105	0	167	0	121	0	46	0	0
Mortgage banker or mortgage company Total mortgage debt	64078	56463	51707	1606	3065	85	7614	3449	1692	344	210	1919	0
First mortgage debt	62929	55588	50831	1606	3065	85	7341	3204	1692	344	182	1919	0
Junior mortgage debt	1149	876	876	0	0	0	273	245	0	0	28	0	0
Federally-sponsored secondary market agency or pool Total mortgage debt	441969	380985	363911	3339	11668	2067	60985	17847	7523	7581	23842	4192	0
First mortgage debt	429115	371207	354694	3128	11319	2067	57908	17292	6642	6875	23125	3974	0
Junior mortgage debt	12854	9778	9217	211	349	0	3076	555	881	706	717	218	0
Conventional mortgage pool Total mortgage debt	21887	18792	18036	500	256	0	3095	2048	146	391	510	0	0
First mortgage debt	21302	18214	17510	448	256	0	3088	2048	146	390	504	0	0
Junior mortgage debt	585	578	526	52	0	0	7	0	0	2	5	0	0
Other federal agency Total mortgage debt	25989	19366	16885	377	1858	247	6623	1735	83	2590	1924	290	0
First mortgage debt	23244	16804	14323	377	1858	247	6440	1735	83	2532	1799	290	0
Junior mortgage debt	2745	2562	2562	0	0	0	183	0	0	58	125	0	0
Real estate investment trust Total mortgage debt	1741	1637	1637	0	0	0	104	0	55	0	49	0	0
First mortgage debt	1741	1637	1637	0	0	0	104	0	55	0	49	0	0
Junior mortgage debt	0	0	0	0	0	0	0	0	0	0	0	0	0
Pension or retirement fund Total mortgage debt	1740	1475	861	0	613	0	265	0	0	23	242	0	0
First mortgage debt	1653	1396	782	0	613	0	258	0	0	23	234	0	0
Junior mortgage debt	86	79	79	0	0	0	7	0	0	0	7	0	0
Credit union Total mortgage debt	28564	25466	22804	99	1511	1052	3098	93	1124	524	1001	0	357
First mortgage debt	24176	21228	18870	99	1511	748	2947	93	1105	506	887	0	357
Junior mortgage debt	4389	4238	3934	0	0	304	151	0	19	18	114	0	0
Finance company Total mortgage debt	21483	18713	10993	392	392	6937	2769	1608	356	195	328	0	282
First mortgage debt	19151	16492	9939	254	333	5965	2659	1608	356	147	266	0	282
Junior mortgage debt	2332	2222	1054	138	59	972	110	0	0	48	62	0	0
State or municipal government or housing finance agency Total mortgage debt	35176	27401	26211	713	177	301	7775	3246	1090	1008	2432	0	0
First mortgage debt	33085	25625	24435	713	177	301	7459	3161	1060	935	2303	0	0
Junior mortgage debt	2092	1776	1776	0	0	0	316	85	29	73	129	0	0
Individual or individual's estate Total mortgage debt	14677	11615	11110	274	228	3	3063	917	145	909	1091	0	0
First mortgage debt	14295	11276	10771	274	228	3	3020	917	145	890	1067	0	0
Junior mortgage debt	382	339	339	0	0	0	43	0	0	19	24	0	0
Other Total mortgage debt	17655	13831	12328	121	965	417	3824	213	242	826	1657	885	0
First mortgage debt	15953	12333	11076	68	784	406	3620	213	164	787	1570	885	0
Junior mortgage debt	1702	1498	1253	53	181	11	204	0	78	39	87	0	0
Outstanding Equity Line of Credit Debt by Holder Commercial bank or trust company	11212	10811	10252	101	458	0	401	339	56	0	6	0	0
Savings and loan association, federal savings bank	3251	3251	3251	0	0	0	0	0	0	0	0	0	0
Mutual savings bank	0	0	0	0	0	0	0	0	0	0	0	0	0
Credit union	3510	3510	3510	0	0	0	0	0	0	0	0	0	0
Finance company	170	170	170	0	0	0	0	0	0	0	0	0	0
Other	696	696	462	53	181	0	0	0	0	0	0	0	0
Outstanding Installment Debt by Holder Commercial bank or trust company	1360	1360	0	0	0	1360	0	0	0	0	0	0	0
Savings and loan association, federal savings bank	873	731	0	0	0	731	142	0	0	0	0	0	142
Mutual savings bank	229	229	0	0	0	229	0	0	0	0	0	0	0
Credit union	1170	814	0	0	0	814	357	0	0	0	0	0	357
Finance company	6808	6526	0	0	0	6526	282	0	0	0	0	0	282
State or municipal government or housing finance agency	301	301	0	0	0	301	0	0	0	0	0	0	0
Other	329	329	0	0	0	329	0	0	0	0	0	0	0