Common in people of European origin. It increases the risk of a blood clot in a vein by about eight times. Still a relatively low risk, so most people with factor V Leiden do not develop problems. Some people inherit two genes ('homozygous factor V Leiden'). This makes the risk much higher - eighty times the normal risk.
This gene affects the factor V part of the clotting cascade. Due to this mutation, protein C, which normally inhibits the pro-clotting activity of factor V, is not able to bind normally to factor V, leading to a hypercoagulable state.