Logout / Access Other products Drop Down Arrow
Get live help Monday-Friday from 7AM-7PM ET (12PM-12PM GMT)  •  Contact Us
Check out our new FAQ section!
RSS Feed
Data Revision: U.S. - Mortgage debt outstanding [2016Q4]
Tuesday, 14 Mar 2017 09:14 ET
By Phillip Thorne
Summary
March 2017 -- In the latest update to the "mortgage debt outstanding" quarterly dataset published by FRB and associated with the Z.1 Financial Accounts, several series underwent revisions in excess of 1%; in particular, farm mortgages and holdings by GSEs.
Detail

Noticeable revisions over the past four quarters applied to (range of percent changes):

  • Line 5, Farm mortgages (-0.3 to 3.7)
  • Line 11, Farm held by MFIs (24.4 to 27.5)
  • Line 16, Farm held by life insurance companies (-13.0 to -10.3)
  • Line 43, One- to four-family held by Fannie Mae (FNMA) (-25.1 to -28.9)
  • Line 47, Multifamily held by Freddie Mac (FHLMC) (-13.2 to 0)
  • Line 75, All types held by individuals and others (-3.4 to -3.2)
  • Line 78, Multifamily held by individuals and others (-8.1 to -7.0)
  • Line 79, Farm held by individuals and others (-73.7 to -66.3)

We are not aware of any associated commentary in the latest editions of the MDO or Z.1 that provides reasons for the revisions.

Previous significant revisions were:

  • 2016Q3 - Large revisions (>1%) to the "individuals and others by type of property" series (lines 75 to 79) and hence the overall "by type of property" series (lines 1 to 5).
  • 2015Q1 - The "mortgage pools and trusts: FHA" (lines 65 to 66) block was revised in 2002 and from 2010, "individuals and others" (lines 70 to 74) 1949 to 1951 and from 2010, and hence the totals (lines 1 to 6).
  • 2013Q2 - Most of the 84 series were revised to 1990 or earlier, sometimes dramatically.
Other
Related ReleaseMortgage Debt Outstanding
SourceU.S. Board of Governors of the Federal Reserve System (FRB)
FrequencyQuarterly
GeographyUnited States
Catalog
Upcoming
Release DateReference date
11 Jun 20171Q 2017
19 Sep 20172Q 2017
06 Dec 20173Q 2017