WITHOUT Adding Any Home Price Appreciation, Current Oregon FHA Loan Borrower's Mortgage Equity Totals $1.2+Billion, Averaging Nearly $19,000 Per Loan.

I recently discovered that HUD has posted updated  March 2021 loan balance information on FHA current loans down to the census tract level.  

I downloaded the data and aggregated it to the county level in the table pasted below. (The loan counts and mortgage amounts somewhat understate state totals because about 60 census tracts had their data suppressed because the count of loans was 10 or less).  

Some observations (all $ are rounded)

1. Current borrowers=67,000
2. Beginning mortgage balance=$14.8 Billion
3. Current balance=$13.5 Billion
4. Mortgage Equity=$1.27 Billion [NOTE: This does NOT include equity from any home price appreciation]
5. Average Mortgage Equity Per Loan= $19,000 [NOTE: This does NOT include equity from any home price appreciation]

 

Originally created and posted on the Oregon Housing Blog.