The total number of new first lien originations. This is the count of new accounts in the given quarter. These data include total bank loans originated and held in portfolio in a given quarter, including those that will later be sold or securitized. For more detail see: methodology
Federal Reserve Bank of Philadelphia, Large Bank Consumer Mortgage Originations: Number of New Accounts [RCMFLOACT], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/RCMFLOACT, December 8, 2022.