As quarterly loan originations moved higher at the nation’s home lenders, the balance of outstanding mortgages was up and delinquency was down. Home-secured credit lines outstanding contracted.
The aggregate unpaid principal balance of all U.S. single-family mortgages that were outstanding as of Sept. 30, 2017, and reported on consumer credit reports was $8.74 trillion.
That represented an expansion in the nation’s book of business compared to the midpoint of this year, when there were a previously reported $8.69 trillion in residential loans outstanding.
Source: Mortgage Daily