On one side: land rush by a few hundred thousand home buyers. On the other: millions of homeowners with delinquent mortgages. Here are the metros by FHA delinquency rate. Two exceed 27%.

Includes mortgages already delinquent before they were swept under the big federal rug of extend-and-pretend forbearance programs.

Mortgage lobby throws hissy-fit over Fannie Mae’s & Freddie Mac’s new 0.5% “Adverse Market Refinance Fee,” which was a “result of risk management and loss forecasting precipitated by COVID-19 related economic and market uncertainty.”