Did the FHA?s Foreclosures Really Rise by 73 Percent?

Lender Processing Services (LPS) made quite a stir last week with its report that foreclosures on Federal Housing Administration (FHA)-guaranteed homes rose by 73 percent in April.
Naturally, the FHA, feisty as ever, is not taking that claim mildly, and it has released its own numbers to contradict the now widely-cited LPS study. Here are the main areas of contention regarding the data:


LPS stated there were 63,129 foreclosure filings in April for FHA loans, but a spokesman from HUD has said that their data shows only 19,000 foreclosures for the month, ...

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