Over the past year, residential loan performance improved and mortgages outstanding expanded. But as quarterly lending started to slow, average originated loan amounts have fallen.
As of March 31 of this year, 53.1 million single-family loans were outstanding that had a collective unpaid principal balance estimated at $10.751 billion.
America’s estimated book of business was 53.2 million loans for $10.732 billion at the end of last year and 52.8 million loans for $10.390 billion at the same point last year.
Source: Mortgage Daily