The latest gauge of residential loan production indicates strong quarterly activity. Mortgages outstanding continued to grow as delinquency has moved lower.
As of the third quarter of this year, there were approximately 52.7 million mortgages outstanding with an average unpaid principal balance of $199,417.
That put total outstanding mortgages at around $10.5093 trillion, expanding from roughly 52.3 million loans for $10.1195 trillion as of a year earlier.
Source: Mortgage Daily