Florida is Number One!

Coming in first place is always nice.  Oh, except when it’s first place in the number of deliquent FHA loans!

“Florida had more defaults of Federal Housing Authority loans than any other state, according to a report in Wednesday’s Wall Street Journal. Florida had 14 of the top 50 metro areas with the highest default rates of FHA’s single-family mortgage program.”

Note: this is not an April Fool’s joke.

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