The Federal Housing Administration reports a 19% decline in the volume of FHA-backed single-family loans funded by mortgage brokers, and a 25% drop in the number of loans originated in the first half of the 2011 fiscal year compared to a year earlier. The FHA also found the rate of loans that were 90 days or more past due remain unchanged from a year ago at 8.76%, while the rate of foreclosures grew by only 4% during that period.

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