Total Outstanding Mortgage Debt: This figure represents the cumulative amount of money that borrowers owe to lenders for all outstanding home loans. It includes principal amounts plus accrued interest.
Mortgage Delinquency Rates: This metric indicates the percentage of mortgages that are past due or in default. It's a crucial indicator of the health of the mortgage market and can signal economic distress or stability.
Types of Mortgages: Outstanding mortgages may include various types of loans, such as fixed-rate mortgages, adjustable-rate mortgages (ARMs), government-insured mortgages (like FHA loans), or jumbo loans. Each type has its own characteristics, terms, and interest rates.