Availability of Home Mortgages

Treasury Department said 8-17-09 that the 22 largest recipients of government aid reported a 13% increase in new mortgages in June.

Most banks expect lending standards to remain tight until at least the second half of 2010. The majority of lenders say that sub-prime lending will be even tighter.

Mortgage executives maintain that they are still making new mortgage loans and credit lines to both consumers and businesses, despite complaints.