Editor's note: As more data becomes available, recent monthly origination totals may be revised. All data shown in this Data Dispatch is current as of May 3, 2017.
Residential loan origination in the U.S. grew to just over $2.070 trillion in 2016, a 6.19% increase from the $1.949 trillion originated in 2015. The number of residential loans originated during the year fell 1.16% from 2015, though the average loan amount grew by 7.44%.
U.S. lenders in California originated the largest dollar amount of residential mortgage loans in 2016, at $502.72 billion. Residential loans originated in Washington, D.C., had the highest average loan amount, at $439,253 per loan.