As the mortgage and credit crisis continues, the Federal Housing Administration is becoming a lifeline for homebuyers seeking affordable mortgages.

That includes the seven-county Pittsburgh region, where the Department of Housing and Urban Development issued 5,521 FHA-insured loans for home purchases in 2008, a 105 percent increase over 2,692 loans in 2007. Nationally, the FHA had only 4 percent of the mortgage market, three years ago. Today it has more than 21 percent.

 

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