September 29, 2020
Three Texas metro areas are among the 10 markets most at risk for Federal Housing Administration loan delinquencies, the American Enterprise Institute reported. Houston is ranked second behind Atlanta, with 22.2% of FHA loans in some form of delinquency, including forbearance, through the end of August.
In fifth place behind Chicago and Washington, DC is Dallas-Fort Worth. The Metroplex is experiencing a 19.2% delinquency rate, with 27,712 delinquent loans.
Ranking in eighth place in both the total number of delinquent loans and the delinquency rate is San Antonio. Its delinquency rate of 19.0% is trailed by 10th-place Tampa-St. Petersburg at 17.4% and Riverside-San Bernardino at 17.3%, although the California metro ranks sixth for the number of delinquent loans. Orlando, ranked ninth, similarly has a higher delinquency rate but with fewer loans.
Rounding out the top 10 is the seventh-place Baltimore metro area, which like Orlando actually comes in ahead of DFW in the delinquency rate but with fewer delinquent loans. The national average is 17.4%, up from 17.0% in July.
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