Mortgage origination

{
  "id": "MLC-T-ECS-001214",
  "term": "Mortgage origination",
  "field": "Economic statistics",
  "definition": "In the American Housing Survey, data are shown for owner-occupied units with one or more mortgages. Placed new mortgages are classified by the date the new mortgage was obtained in relation to the date the property was acquired. An assumed mortgage indicates that the current owner assumed the previous owner's mortgage when the property was acquired and has not been refinanced. A wrap-around mortgage is a mortgage with a face value that encompasses the unpaid balance of the first mortgage(s), plus the amount of any new funds extended by the wrap-around lender. Combination of the above means that there was more than one method of origination for the outstanding mortgages on the property.",
  "references": [
    "U.S. Census Bureau Glossary"
  ],
  "url": "https://mlchart.com/terminology/economic-statistics/mortgage-origination/"
}