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The Federal Housing Administration's high loan default rates are concentrated in 10 metropolitan statistical areas, and they turn out to be very similar to those who also faced distress during the Great Financial Crisis, according to a study by the American Enterprise Institute.

These metropolitan areas, partially ranked by the number of past due loans, are Atlanta (42,268), Houston (40,147), Chicago (28,792), Dallas (22,302), Washington, DC (20,285), Baltimore (17,851), Riverside, California (17,622 ), San Antonio (14,491), Fort Worth (12,866), and Philadelphia (12,490).

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