Total mortgage debt outstanding as of the third quarter of 2011 approached $13.6 trillion.Which of the following types of mortgage loans accounts for the greatest percentage of mortgage debt outstanding?

Question

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Residential mortgages for 1-4 family homes make up the largest portion of the housing market and are the most common type of mortgage loan. Therefore, they account for the greatest percentage of mortgage debt outstanding.  The other options, such as apartment (multifamily), commercial and farm mortgages, make up a smaller portion of the overall mortgage market.

Total Mortgage Debt Outstanding as of the Third Quarter of 2011