The Federal Housing Administration (FHA) has insured only $13.8 billion in mortgages with loan balances above the old $417,000 conforming loan limit, including $5.3 billion in California and $2.5 billion in New York, according to new government data.

In February 2008 Congress raised the maximum limit on FHA loans to $729,750 from $362,790 as part of the first economic stimulus package. It was later extended until the end of 2009.

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