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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

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