HA Backs Record Number of Mortgages in 2009

"FHA mortgages have become increasing popular in recent years. Yesterday there was a report from the Federal Financial Institutions Examination Council (which I found via Housingwire) that found the Federal Housing Administration (FHA) insured 37 percent of all mortgages originated in 2009. In 2008 FHA insured 26 percent of mortgages and 7 percent in 2007. This is a huge increase in volume for FHA and is somewhat disconcerting when the FHA’s insurance fund is considered."