Private Mortgage Market Starting To Rise

New York Times:

THE private mortgage market in the United States -- almost moribund in the wake of the subprime crisis that bankrupted some lenders last year -- is showing small signs of revival.

In the first quarter of this year, there were $116 billion in private mortgage loans, loans not issued or insured by the federal government or a government-sponsored entity. That was up from $84 billion in the final quarter of 2007, according to a survey of lenders by Inside Mortgage Finance, a newsletter.

Read the whole story: New York Times