Michigan and Ohio share something with Florida and California - some of the nation's highest rates of foreclosed homes and delinquent mortgages. The reasons for their woes are as different as their climates. 1 and 2 on -finance company Fannie Mae's list of states ...Battered by a declining manufacturing base, stagnant population growth, and low demand for housing, Michigan and Ohio rank No. Contrary to popular belief, getting a home mortgage is quite simple. All you need in order to make the right decision is to who where to look, what to look for, and what takes place when you apply for a home mortgage. Knowing what to expect, especially if you are a first-time homebuyer, may make it easier for you to get through the process.