Originations of Federal Housing Administration (FHA)-backed loans fell 23% during the first three quarters of fiscal 2011 compared to the same period a year earlier, a further sign of a weakening single-family market.

As of June 30, mortgage bankers had originated $186.4 billion of FHA-insured mortgages, compared to $242.6 billion during the first nine months of FY 2010.

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