The collective balance of residential loans outstanding increased in the final quarter of last year, while mortgage delinquency fell to the lowest level since the recession.
There were 53.2 million single-family loans outstanding as of the fourth-quarter 2017 that had an aggregate unpaid principal balance of approximately $10.732 billion.
America’s book of mortgage business grew from the preceding three-month period, when 52.7 million loans were outstanding for $10.509 billion.
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From:: Financing