Mortgage data collected under the Home Mortgage Disclosure Act shows that insurance from the Federal Housing Administration plays a significant role almost a third of real estate sales.
According to the data, FHA insurance backed 36% of first mortgages written in 2010, down 1% from the 37% they backed in 2009 but up sharply from the 7% they backed in 2007, according to new data just released by the Federal Financial Institutions Examination Council.
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