During the first quarter, the collective ratio of loan balances to property values improved — giving mortgage investors a safer position based on homeowner equity.
U.S. mortgage borrowers collectively owed $9.110 trillion in first and second liens as of the first quarter 2016, expanding from $9.062 trillion three months earlier.
The growth in mortgage debt outstanding was more dramatic compared to the same quarter 12 months earlier, when there were $8.841 trillion in residential loans.
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From:: Financing