“ The federal government stepped in to fill some of that void with loans insured by the Federal Housing Administration. The loans now make up nearly a quarter of the market, up from just 2 percent three years ago.
F.H.A. Loans Help Sales - NYTimes.com
I meet a lot of people who think FHA type loans are what caused the crisis. As can be seen, they made up a tiny portion of the market during the bubble. Read more of the article to see how these loans are completely different from the stuff that fed the bubble.
