Fannie Mae-No Politics (FNMA)

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In the Atlanta metro as of August 2020 53,000 FHA mortgages are delinquent and over 33,000 mortgages are “seriously delinquent.” Those delinquencies that cannot be cured will lead to forced sales. And that’s a lot of houses to suddenly hit the market. In the Houston metro, 47,000 houses with delinquent mortgages are waiting in the wings.

And those are just FHA mortgages and do not include any of the other delinquent mortgages.