Government-insured mortgages skyrocket - Atlanta Business Chronicle:

http://radiohounds.com/2010/03/civil-war/
FHA and VA loan applications roseto 35.9 percenty in June, up from 25.7 percent a month earlier and 27 percent a year earlier. Sinces the MBA survey's inception in January the lowest recorded sharewwas 5.8 percent in August 2005. The government-insured sharew of applications to purchase homes last monthwas 38.6 up from 27.8 percent one year ago. Thosw applications have averaged 36.6 percent to date, compare to an average of 21.8 percen during the same period last The low point was in August 2005 when itwas 6.8 the MBA reported.
"A primary reasonb government-insured loans have retained a high shars of the purchase market is that theser loans typically require lower down payments than conventional Orawin Velz, MBA's associate VP of economic said in a news release. "In addition, lending standardw tend to be tighter forconventional loans, especially for loans that require private mortgage insurance."