• The Federal Housing Administration is qualifying buyers who want to pick up loans from the agency's pool of delinquent mortgages.
• The Department of Housing and Urban Development said that after a pilot program seemed to go well, FHA will put up 9,000 delinquent loans each quarter from its pool, which stood at 713,000 in May.
• In the batch for which buyers are being qualified now, about 3,500 are in four cities: Chicago, Atlanta, Tampa, Fla., or Newark, N.J.

From the article:

The Federal Housing Administration began qualifying investors to bid on 9,000 delinquent loans.

Roughly 3,5000 of the mortgages underlie properties in Chicago, Phoenix, Tampa and Newark, N.J., according to details on the loan pool released Wednesday.