City Leaders Call On Fannie Mae To Stop Sale Of Delinquent Mortgages And Work W Local Government On Alternatives City Leaders Want Federal Agencies to Sell Troubled Mortgages to Non-profits, Not Speculators Nationwide – On Thursday, February 4 th, local elected officials and community groups across the country will call on Fannie Mae and Freddie Mac to prioritize the bulk sale of delinquent mortgages to non-profit housing agencies as opposed to Wall Street investors. Rallies and press conferences will be held in New York City, San Francisco and several other cities.