New data on the volume of residential loans originated indicate that last year was the busiest for home lending in four years.
The total value of all U.S. single-family properties was $24.3 trillion in 2016. Homeowner equity, meanwhile, worked out to $14.0 trillion.
That left $10.3 trillion in mortgages outstanding as of last year. Agency mortgage-backed securities made up $6.1 trillion, while $3.1 trillion was unsecuritized first liens.
Source: Mortgage Daily