Released: September 14, 2008

FHA loans enjoy a boom

Source: Jamie Smith Hopkins, Baltimore Sun (Free Registration)

It was the mortgage of last resort when home sales were booming. Buyers balked at the paperwork. Sellers hated the home-repair rules.

What a difference a housing bust makes.

“Now, it’s almost automatic that it’s FHA,” said Keith L. Cross, a real estate agent with Century 21 Downtown in Baltimore.

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