As the nation’s book of mortgages grew, home lenders improved their equity position on a year-over-year basis. Negative equity diminished.
At the end of last year, there were 51,209,000 U.S. residential loans outstanding with an aggregate unpaid principal balance of $9.320 trillion.
Outstanding mortgages grew from 51,078,000 loans for $9.249 trillion three months earlier and 50,599,000 loans for $9.062 trillion a year earlier.
Source: Mortgage Daily