Private Mortgage Market Starting To Rise

Private Mortgage Market Starting To Rise

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.

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