In 2006 the Federal Housing Administration (FHA) insured only 1 in every 50 new mortgage loans in Chicago. In 2009 the FHA insured one in every 5 new loans, and in 2010 one in every 7 was FHA-insured, according to Mortgage Bankers Association data reported by Crain’s. The availability of an FHA-backed mortgage is still... Read more »