Private equity will play a key role in the recovery of the mortgage market, says James B. Lockhart III, vice chair of WL Ross & Co. LLC, in this video interview with The Deal magazine. The New York PE firm has been investing in distressed mortgage assets and companies ever since the housing market hit bottom. Before joining it, Lockhart held senior roles at several government overseers of finance and social programs, including the Pension Benefit Guarantee Corp., the Social Security Administration and the Federal Housing Finance Agency. For more on Lockhart and other movers and shakers of private equity, see "Mortgage maven," in the current issue of The Deal magazine. - Max Frumes

Loading more stuff…

Hmm…it looks like things are taking a while to load. Try again?

Loading videos…