Is the Federal Housing Administration losing some of its post-boom, post-bust oomph? Is the Obama administration’s plan to gradually throttle back the FHA’s home mortgage insurance volume already having effects? And if so, what might this mean to you as a buyer? There are definitely signs that something’s brewing:

Total applications for FHA-insured single-family mortgages are down 30 percent year to year through March, according to the agency’s data. Applications from prospective home purchasers are down 35 percent. The FHA’s popularity with buyers previously had sustained its high origination volumes.

Read the full article in the Washington Post: http://www.washingtonpost.com/realestate/with-changes-ahead-for-fha-down-payments-private-mortgage-insurers-seek-inroads/2011/04/18/AFoEvYPE_story.html