FHA Foreclosure Starts Surge 73%

01 Jun 2012

Foreclosure starts on loans issued by the U.S. Federal Housing Administration surged 73% in April from the preceding month, while overall starts declined 2.6%, according to Lender Processing Services.

Foreclosure starts on loans issued by the U.S. Federal Housing Administration surged 73% in April from the preceding month, while overall starts declined 2.6%, according to Lender Processing Services. LPS attributes the spike to the fact that FHA significantly increased loan origination in 2008 when private lenders were ...

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