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Residential Finance Survey: 2001 - South
Table 1-1d. 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
31379 24945 20447 208 1242 3048 6434 4173 490 93 24 631 1022
Mortgaged@2 17825 15433 13189 113 651 1481 2392 1587 266 51 20 276 191
Nonmortgaged 13554 9512 7258 95 591 1567 4042 2586 224 43 4 355 831

MORTGAGED PROPERTIES


Type of First Mortgage Instrument

Fixed-rate, level-payment mortgage
13084 11498 10536 91 473 398 1586 1138 156 37 16 185 54
Short-term with balloon payment mortgage 835 659 576 8 34 41 176 106 28 4 2 27 10
Reverse mortgage 4 4 4 0 0 0 0 0 0 0 0 0 0
Adjustable rate mortgage (ARM) 2092 1711 1497 13 119 83 381 248 69 9 2 39 13
Other 1810 1561 577 1 24 959 249 96 13 1 0 25 113

First Mortgage Insurance Status

FHA-insured first mortgage
1926 1770 1629 22 94 24 156 108 15 4 2 21 5
VA-guaranteed first mortgage 557 498 483 2 10 4 60 50 10 0 0 0 0
Rural Housing Service/Rural
Development-guaranteed loan
425 341 315 1 11 14 84 66 11 4 1 3 0
Insured by state agency 476 366 305 3 10 48 110 87 9 1 1 6 6
Insured by state agency with
FHA insurance, VA or Rural
Housing Service/Rural
Development guarantee
12 8 8 0 0 0 4 4 0 0 0 0 0
Insured conventional first
mortgage
1922 1754 1604 6 74 70 168 115 16 4 2 23 7
Uninsured conventional first
mortgage
10893 9274 8392 79 435 368 1619 1098 191 37 14 213 65
Not available 1615 1424 454 1 17 953 191 60 13 0 0 11 108

Holder of First Mortgage

Commercial bank or trust company
3149 2634 2158 25 104 347 515 340 56 13 3 61 42
Savings and loan association, federal
savings bank
1573 1290 1058 4 38 190 283 152 44 6 2 46 33
Mutual savings bank 231 210 143 0 19 47 21 9 2 2 0 9 0
Life insurance company 302 257 228 0 21 9 45 30 6 2 1 2 5
Mortgage banker or mortgage company 1153 1038 947 6 50 34 115 74 16 1 0 24 0
Federally-sponsored secondary market
agency or pool
7698 6849 6284 60 309 196 849 631 90 14 8 93 12
Conventional mortgage pool 201 185 152 4 11 19 16 14 0 0 0 2 0
Other federal agency 521 438 414 5 20 0 82 59 8 5 1 9 0
Real estate investment trust 13 13 11 0 1 0 0 0 0 0 0 0 0
Pension or retirement fund 13 12 8 0 0 4 0 0 0 0 0 0 0
Credit union 663 562 464 1 16 81 101 77 12 1 1 4 6
Finance company 1152 994 504 3 19 468 158 66 2 0 0 7 81
State or municipal government or
housing finance agency
568 469 418 4 19 28 99 71 15 3 1 2 7
Individual or individual's estate 339 275 253 0 8 13 64 37 8 5 0 10 4
Other 250 207 145 1 16 46 43 26 8 1 1 7 0

Holder of Junior Mortgage

Commercial bank or trust company
687 653 580 4 14 55 33 21 6 1 0 4 0
Savings and loan association, federal
savings bank
298 283 226 1 4 52 16 5 3 0 0 0 7
Mutual savings bank 36 35 18 0 2 15 0 0 0 0 0 0 0
Life insurance company 24 23 20 0 4 0 1 0 1 0 0 0 0
Mortgage banker or mortgage company 76 76 74 0 2 0 0 0 0 0 0 0 0
Federally-sponsored secondary market
agency or pool
458 410 394 3 7 6 48 38 5 1 1 3 0
Conventional mortgage pool 39 39 38 2 0 0 0 0 0 0 0 0 0
Other federal agency 23 23 23 0 0 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 585 555 510 0 12 33 30 27 2 2 0 0 0
Finance company 1396 1324 1138 10 23 153 73 49 15 1 0 5 3
State or municipal government or
housing finance agency
60 59 53 0 6 0 1 0 0 1 0 0 0
Individual or individual's estate 52 48 43 0 5 0 4 0 4 0 0 0 0
Other 53 41 29 0 0 12 12 0 3 1 0 2 6

Holder of Equity Line of Credit

Commercial bank or trust company
475 457 439 4 12 4 18 11 4 0 0 3 0
Savings and loan association, federal
savings bank
75 75 73 0 2 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 505 477 457 1 15 4 28 17 9 2 0 0 0
Finance company 1495 1379 1297 10 33 40 116 78 17 1 0 12 8
Other 3 3 3 0 0 0 0 0 0 0 0 0 0

Holder of Installment Loan

Commercial bank or trust company
285 285 0 0 0 285 0 0 0 0 0 0 0
Savings and loan association, federal
savings bank
201 181 0 0 0 181 20 0 0 0 0 0 20
Mutual savings bank 57 57 0 0 0 57 0 0 0 0 0 0 0
Credit union 90 84 0 0 0 84 6 0 0 0 0 0 6
Finance company 619 544 0 0 0 544 76 0 0 0 0 0 76
State or municipal government or
housing finance agency
20 13 0 0 0 13 7 0 0 0 0 0 7
Other 51 45 0 0 0 45 6 0 0 0 0 0 6

OUTSTANDING MORTGAGE DEBT
(million dollars)

Outstanding Traditional Mortgage Debt

All mortgaged properties
Total mortgage debt
1455782 1216822 1103593 8844 48927 55459 238960 92197 21430 17355 84494 16904 6579
First mortgage debt 1384509 1156653 1054236 7780 47450 47187 227857 88002 20708 16509 79553 16841 6244
Junior mortgage debt 71273 60170 49357 1063 1477 8272 11103 4195 722 846 4941 63 335

Outstanding Traditional First Mortgage
Debt by Mortgage Insurance Status

FHA-insured mortgage
136506 118972 109653 1822 6328 1169 17534 4832 2255 936 8188 1071 251
VA-guaranteed first mortgage 43474 41362 40378 137 762 85 2112 1971 142 0 0 0 0
Rural Housing Service/Rural
Development-guaranteed loan
26979 18608 17037 71 838 662 8370 2612 705 3114 1852 88 0
Insured by state agency 34037 20991 19151 100 602 1138 13046 4956 307 579 5199 1839 165
Insured by state agency with FHA
insurance, VA or Rural Housing
Service/Rural Development guarantee
573 429 429 0 0 0 144 77 0 0 67 0 0
Insured conventional first mortgage 193803 175357 166129 451 5499 3277 18447 7005 2932 949 6237 1325 0
Uninsured conventional first mortgage 911992 747789 697355 5166 33415 11853 164203 66454 14335 10930 58010 12486 1988
Not available 37146 33145 4103 33 5 29004 4000 96 32 0 0 33 3840

Outstanding Traditional Mortgage Debt
by Holder of Mortgage

Commercial bank or trust company
Total mortgage debt
231309 189320 166798 2749 7725 12047 41989 16591 4730 3110 12812 3184 1563
First mortgage debt 211755 171845 152464 1866 7119 10397 39910 16303 4459 2958 11482 3144 1563
Junior mortgage debt 19554 17475 14334 884 606 1651 2079 288 270 151 1330 39 0

Savings and loan association, federal
savings bank
Total mortgage debt
143762 115767 104818 481 3008 7460 27995 11544 3662 1400 7674 2552 1164
First mortgage debt 134819 107379 98082 422 2902 5972 27440 11460 3616 1392 7461 2552 958
Junior mortgage debt 8944 8388 6736 59 106 1488 556 84 47 7 213 0 205

Mutual savings bank
Total mortgage debt
18054 16199 10682 0 3566 1952 1854 208 82 373 684 508 0
First mortgage debt 16742 14987 9915 0 3555 1517 1755 208 82 355 602 508 0
Junior mortgage debt 1311 1212 767 0 10 435 99 0 0 18 82 0 0

Life insurance company
Total mortgage debt
27035 18636 16884 0 1692 60 8399 1809 688 664 4903 85 251
First mortgage debt 25445 17281 15600 0 1621 60 8163 1809 624 664 4730 85 251
Junior mortgage debt 1590 1354 1284 0 70 0 236 0 63 0 173 0 0

Mortgage banker or mortgage company
Total mortgage debt
101627 91826 85511 349 3610 2356 9801 6199 1573 107 720 1202 0
First mortgage debt 100005 90224 83921 349 3598 2356 9781 6199 1573 107 700 1202 0
Junior mortgage debt 1622 1602 1590 0 12 0 20 0 0 0 20 0 0

Federally-sponsored secondary market
agency or pool
Total mortgage debt
686105 590137 557476 3846 21679 7136 95968 37553 8385 4605 38510 6602 313
First mortgage debt 668076 577431 545086 3776 21552 7018 90645 34360 8263 4349 36780 6581 313
Junior mortgage debt 18029 12706 12390 71 126 119 5323 3193 122 257 1730 21 0

Conventional mortgage pool
Total mortgage debt
20858 18762 16206 263 1294 998 2097 824 0 227 938 108 0
First mortgage debt 19515 17443 14937 213 1294 998 2072 824 0 227 914 108 0
Junior mortgage debt 1344 1319 1269 50 0 0 25 0 0 0 25 0 0

Other federal agency
Total mortgage debt
41151 29789 27266 516 2007 0 11361 3397 265 3568 3683 449 0
First mortgage debt 40425 29396 26873 516 2007 0 11029 3397 265 3462 3456 449 0
Junior mortgage debt 726 393 393 0 0 0 333 0 0 106 227 0 0

Real estate investment trust
Total mortgage debt
1030 631 580 0 51 0 400 0 0 0 400 0 0
First mortgage debt 1018 631 580 0 51 0 387 0 0 0 387 0 0
Junior mortgage debt 13 0 0 0 0 0 13 0 0 0 13 0 0

Pension or retirement fund
Total mortgage debt
1830 978 894 0 0 84 852 0 0 0 852 0 0
First mortgage debt 1821 978 894 0 0 84 843 0 0 0 843 0 0
Junior mortgage debt 9 0 0 0 0 0 9 0 0 0 9 0 0

Credit union
Total mortgage debt
44042 35202 31532 33 801 2836 8840 4628 344 240 2832 386 409
First mortgage debt 37947 29631 26908 33 801 1889 8316 4236 269 226 2790 386 409
Junior mortgage debt 6095 5571 4624 0 0 947 524 392 75 15 41 0 0

Finance company
Total mortgage debt
47895 42632 23179 267 568 18619 5263 1346 0 137 1209 0 2571
First mortgage debt 41620 36698 20696 267 539 15196 4923 1107 0 134 1167 0 2515
Junior mortgage debt 6275 5934 2483 0 28 3423 340 239 0 4 42 0 56

State or municipal government or housing
finance agency
Total mortgage debt
52019 38948 36938 336 1050 624 13071 5585 694 1582 5132 49 28
First mortgage debt 49425 37234 35530 336 813 555 12191 5585 694 1382 4452 49 28
Junior mortgage debt 2594 1714 1408 0 237 69 880 0 0 200 680 0 0

Individual or individual's estate
Total mortgage debt
21907 16609 15705 0 830 74 5298 1170 465 875 1078 1504 207
First mortgage debt 20025 14868 14243 0 551 74 5157 1170 424 838 1016 1504 207
Junior mortgage debt 1882 1742 1462 0 280 0 141 0 41 37 62 0 0

Other
Total mortgage debt
17158 11385 9126 2 1046 1212 5773 1344 544 467 3068 276 74
First mortgage debt 15872 10626 8508 2 1046 1070 5247 1344 440 416 2773 274 0
Junior mortgage debt 1286 760 618 0 0 141 527 0 104 51 295 3 74

Outstanding Equity Line of Credit
Debt by Holder

Commercial bank or trust company
10708 10382 9092 878 287 125 326 96 197 0 0 33 0
Savings and loan association, federal
savings bank
2103 2101 2096 0 5 0 2 0 0 2 0 0 0
Mutual savings bank 0 0 0 0 0 0 0 0 0 0 0 0 0
Credit union 1969 1967 1934 33 0 0 2 0 0 2 0 0 0
Finance company 697 697 697 0 0 0 0 0 0 0 0 0 0
Other 118 118 118 0 0 0 0 0 0 0 0 0 0

Outstanding Installment Debt by Holder

Commercial bank or trust company
8411 8411 0 0 0 8411 0 0 0 0 0 0 0
Savings and loan association, federal
savings bank
6848 5755 0 0 0 5755 1093 0 0 0 0 0 1093
Mutual savings bank 1796 1796 0 0 0 1796 0 0 0 0 0 0 0
Credit union 2721 2312 0 0 0 2312 409 0 0 0 0 0 409
Finance company 19517 16946 0 0 0 16946 2571 0 0 0 0 0 2571
State or municipal government or housing
finance agency
291 262 0 0 0 262 28 0 0 0 0 0 28
Other 1222 1148 0 0 0 1148 74 0 0 0 0 0 74

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