MORTGAGE DEBT OUTSTANDING (billions of dollars)
Properties Nonfarm Properties Holder of Mortgage
----------------------- -------------------------- ---------------------------- ----------
1- to 4- Major Federal & Indivi- Disposable
family Multi- Commer- financial related duals & Personal
Year All Farm Nonfarm house family cial institut. agencies* others Income
---- ----------------------- -------------------------- ---------------------------- ----------
1959 190.9 12.1 178.8 130.9 18.7 29.2 145.6 10.2 35.1 350.5
1960 207.5 12.8 194.7 141.9 20.3 32.4 157.6 11.5 38.4 365.4
1961 228.1 13.9 214.2 154.7 23.0 36.5 172.7 12.2 43.1 381.8
1962 251.6 15.2 236.4 169.4 25.8 41.2 192.6 12.6 46.3 405.1
1963 278.7 16.8 261.9 186.6 29.0 46.3 217.4 11.8 49.5 425.1
1964 306.2 18.9 287.3 203.6 33.6 50.1 241.3 12.2 52.7 462.5
1965 333.7 21.2 312.5 220.8 37.2 54.5 265.0 13.5 55.2 498.1
1966 356.9 23.1 333.8 233.3 40.3 60.3 281.2 17.5 58.2 537.5
1967 381.6 25.1 356.5 247.7 43.9 64.8 299.2 20.9 61.4 575.3
1968 411.5 27.5 383.9 265.2 47.3 71.4 320.3 25.1 66.1 625.0
1969 442.3 29.4 412.9 283.6 52.2 77.1 339.8 31.1 71.4 674.0
1970 474.4 30.5 443.9 297.8 60.1 86.0 356.7 38.3 79.4 735.7
1971 525.1 32.4 492.7 326.2 70.1 96.4 395.2 46.3 83.6 801.8
1972 598.1 35.4 562.8 366.7 82.8 113.3 450.8 54.5 92.8 869.1
1973 673.4 39.8 633.6 407.9 93.2 132.6 506.3 64.7 102.4 978.3
1974 734.0 44.9 689.1 440.7 100.0 148.3 544.1 82.2 107.7 1071.6
1975 793.5 49.9 743.7 482.0 100.7 161.0 582.9 101.1 109.6 1187.4
1976 880.3 55.4 824.9 544.8 105.9 174.2 649.3 116.7 114.4 1302.5
1977 1012.0 63.8 948.2 640.6 114.3 193.3 747.0 140.5 124.6 1435.7
1978 1164.6 72.8 1091.9 752.2 125.2 214.5 849.8 170.6 144.3 1608.3
1979 1330.0 86.8 1243.3 868.8 135.0 239.4 939.9 216.0 174.2 1793.5
1980 1464.8 97.5 1367.3 966.2 141.1 259.9 998.6 256.8 209.4 2009.0
1981 1590.1 107.2 1482.9 1044.1 139.2 299.7 1042.8 289.4 257.9 2246.1
1982 1675.5 111.3 1564.2 1089.5 141.1 333.6 1023.4 355.4 296.7 2421.2
1983 1869.1 113.7 1755.3 1211.6 154.3 389.4 1109.9 433.3 325.8 2608.4
1984 2113.1 112.4 2000.7 1351.4 177.4 471.9 1247.8 490.6 374.7 2912.0
1985 2376.8 105.9 2271.0 1523.5 205.9 541.6 1363.5 580.9 432.4 3109.3
1986 2663.3 95.1 2568.3 1726.4 239.3 602.5 1476.5 733.7 453.1 3285.1
1987 3001.5 87.7 2913.7 1953.6 262.1 698.0 1667.6 857.9 475.9 3458.3
1988 3319.6 83.0 3236.6 2188.1 279.0 769.6 1834.3 937.8 547.6 3748.7
1989 3591.3 80.5 3510.8 2421.5 289.9 799.5 1935.2 1067.3 588.8 4021.7
1990 3807.8 78.9 3728.9 2619.9 288.3 820.7 1918.8 1258.9 630.1 4285.8
1991 3959.8 79.2 3880.6 2788.6 284.9 807.1 1846.2 1422.5 691.2 4464.3
1992 4072.3 79.7 3992.5 2957.1 272.0 763.4 1770.4 1558.1 743.7 4751.4
1993 4208.8 80.7 4128.1 3119.1 269.1 739.9 1770.1 1682.8 755.9 4911.9
1994 4381.2 83.0 4298.3 3301.5 269.6 727.2 1824.7 1787.6 768.9 5151.8
1995 4576.8 84.6 4492.3 3478.2 275.5 738.5 1900.1 1878.2 798.5 5408.2
1996 4864.3 87.1 4777.2 3719.9 288.0 769.2 1981.9 2005.6 876.8 5688.5
1997 5201.8 90.3 5111.5 3978.7 301.1 831.7 2084.0 2111.0 1006.8 5988.8
1998 5711.7 96.5 5615.2 4362.9 331.3 921.0 2194.6 2310.1 1207.0 6395.9
1999 6315.1 103.0 6212.2 4787.2 368.4 1056.5 2394.3 2612.0 1308.9 6695.0
2000 6883.1 108.9 6774.2 5205.4 400.6 1168.2 2619.0 2832.7 1431.4 7194.0
2001 7581.0 116.3 7464.7 5738.1 445.4 1281.2 2791.1 3202.8 1587.1 7469.4
2002 8463.0 124.8 8338.2 6462.7 488.4 1387.1 3089.8 3594.4 1778.8 7857.2
2003 9465.4 132.2 9333.2 7282.6 535.0 1515.6 8216.5
===============================================================================================
MORTGAGE DEBT OUTSTANDING (percent of disposable personal income)
Properties Nonfarm Properties Holder of Mortgage
----------------------- -------------------------- ---------------------------- Disposable
1- to 4- Major Federal & Indivi- Personal
family Multi- Commer- financial related duals & Income
Year All Farm Nonfarm house family cial institut. agencies* others ($bil)
---- ----------------------- -------------------------- ---------------------------------------
1959 54.5 3.5 51.0 37.3 5.3 8.3 41.5 2.9 10.0 350.5
1960 56.8 3.5 53.3 38.8 5.6 8.9 43.1 3.1 10.5 365.4
1961 59.7 3.6 56.1 40.5 6.0 9.6 45.2 3.2 11.3 381.8
1962 62.1 3.8 58.4 41.8 6.4 10.2 47.5 3.1 11.4 405.1
1963 65.6 4.0 61.6 43.9 6.8 10.9 51.1 2.8 11.6 425.1
1964 66.2 4.1 62.1 44.0 7.3 10.8 52.2 2.6 11.4 462.5
1965 67.0 4.3 62.7 44.3 7.5 10.9 53.2 2.7 11.1 498.1
1966 66.4 4.3 62.1 43.4 7.5 11.2 52.3 3.3 10.8 537.5
1967 66.3 4.4 62.0 43.1 7.6 11.3 52.0 3.6 10.7 575.3
1968 65.8 4.4 61.4 42.4 7.6 11.4 51.2 4.0 10.6 625.0
1969 65.6 4.4 61.3 42.1 7.7 11.4 50.4 4.6 10.6 674.0
1970 64.5 4.1 60.3 40.5 8.2 11.7 48.5 5.2 10.8 735.7
1971 65.5 4.0 61.4 40.7 8.7 12.0 49.3 5.8 10.4 801.8
1972 68.8 4.1 64.8 42.2 9.5 13.0 51.9 6.3 10.7 869.1
1973 68.8 4.1 64.8 41.7 9.5 13.6 51.8 6.6 10.5 978.3
1974 68.5 4.2 64.3 41.1 9.3 13.8 50.8 7.7 10.1 1071.6
1975 66.8 4.2 62.6 40.6 8.5 13.6 49.1 8.5 9.2 1187.4
1976 67.6 4.3 63.3 41.8 8.1 13.4 49.9 9.0 8.8 1302.5
1977 70.5 4.4 66.0 44.6 8.0 13.5 52.0 9.8 8.7 1435.7
1978 72.4 4.5 67.9 46.8 7.8 13.3 52.8 10.6 9.0 1608.3
1979 74.2 4.8 69.3 48.4 7.5 13.3 52.4 12.0 9.7 1793.5
1980 72.9 4.9 68.1 48.1 7.0 12.9 49.7 12.8 10.4 2009.0
1981 70.8 4.8 66.0 46.5 6.2 13.3 46.4 12.9 11.5 2246.1
1982 69.2 4.6 64.6 45.0 5.8 13.8 42.3 14.7 12.3 2421.2
1983 71.7 4.4 67.3 46.4 5.9 14.9 42.6 16.6 12.5 2608.4
1984 72.6 3.9 68.7 46.4 6.1 16.2 42.9 16.8 12.9 2912.0
1985 76.4 3.4 73.0 49.0 6.6 17.4 43.9 18.7 13.9 3109.3
1986 81.1 2.9 78.2 52.6 7.3 18.3 44.9 22.3 13.8 3285.1
1987 86.8 2.5 84.3 56.5 7.6 20.2 48.2 24.8 13.8 3458.3
1988 88.6 2.2 86.3 58.4 7.4 20.5 48.9 25.0 14.6 3748.7
1989 89.3 2.0 87.3 60.2 7.2 19.9 48.1 26.5 14.6 4021.7
1990 88.8 1.8 87.0 61.1 6.7 19.1 44.8 29.4 14.7 4285.8
1991 88.7 1.8 86.9 62.5 6.4 18.1 41.4 31.9 15.5 4464.3
1992 85.7 1.7 84.0 62.2 5.7 16.1 37.3 32.8 15.7 4751.4
1993 85.7 1.6 84.0 63.5 5.5 15.1 36.0 34.3 15.4 4911.9
1994 85.0 1.6 83.4 64.1 5.2 14.1 35.4 34.7 14.9 5151.8
1995 84.6 1.6 83.1 64.3 5.1 13.7 35.1 34.7 14.8 5408.2
1996 85.5 1.5 84.0 65.4 5.1 13.5 34.8 35.3 15.4 5688.5
1997 86.9 1.5 85.4 66.4 5.0 13.9 34.8 35.2 16.8 5988.8
1998 89.3 1.5 87.8 68.2 5.2 14.4 34.3 36.1 18.9 6395.9
1999 94.3 1.5 92.8 71.5 5.5 15.8 35.8 39.0 19.6 6695.0
2000 95.7 1.5 94.2 72.4 5.6 16.2 36.4 39.4 19.9 7194.0
2001 101.5 1.6 99.9 76.8 6.0 17.2 37.4 42.9 21.2 7469.4
2002 107.7 1.6 106.1 82.3 6.2 17.7 39.3 45.7 22.6 7857.2
2003 115.2 1.6 113.6 88.6 6.5 18.4 8216.5
------------------------------------------------------------------
* Includes Government National Mortgage Association (GNMA), Federal Housing
Administration, Veterans Administration, Farmers Home Administration (FmHA),
Federal Deposit Insurance Corporation, Resolution Trust Corporation (through 1995),
and in earlier years Reconstruction Finance Corporation, Homeowners Loan Corporation,
Federal Farm Mortgage Corporation, and Public Housing Administration. Also includes
U.S.-sponsored agencies such as Federal National Mortgage Association (FNMA), Federal
Land Banks, Federal Home Loan Mortgage Corporation (FHLMC), Federal Home Loan Banks
(beginning 1997), and mortgage pass-through securities issued or guaranteed by GNMA,
FHLMC, FNMA or FmHA.
Source: Economic Report of the President, 2004, Tables B-30, B-75, and B-76;
Federal Reserve, Flow of Funds Accounts of the United States, Table L.217;
Bureau of Economic Analysis, National Income and Product Accounts Table 2.1
Go to Budget Home Page
