FHA Disputes Report That Foreclosure Starts Rose in April

Categorized | STOP FORECLOSURE FRAUD

FHA Disputes Report That Foreclosure Starts Rose in April

FHA Disputes Report That Foreclosure Starts Rose in April

This is all part of the plan. They gave loans to many individuals who could not afford them.

Bloomberg-

The Federal Housing Administration today disputed a report that foreclosure starts on loans it insures spiked by 74 percent from March to April.

New foreclosures on FHA-backed loans rose to 63,126 in April from 36,311 a month earlier, mortgage-data provider Lender Processing Services Inc. (LPS) said yesterday in the report. FHA said its own numbers showed an 11 percent drop to 18,975.

LPS may have erred extrapolating numbers from its database of information on 40 million loans, FHA spokesman Lemar Wooley said in an e-mail. Mitch Cohen, a spokesman for LPS, didn’t immediately respond to a request for comment.

“The bottom line is that the numbers in the LPS report for April simply don’t accord with our data,” Wooley said.

[BLOOMBERG]

© 2010-17 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



Comments

comments

This post was written by:

- who has written 8683 posts on FORECLOSURE FRAUD | by DinSFLA.

CONTROL FRAUD | ‘If you don’t look; you don’t find, Wherever you look; you will find’ -William Black

Contact the author

Leave a Reply

GARY DUBIN LAW OFFICES FORECLOSURE DEFENSE HAWAII and CALIFORNIA
Advertise your business on StopForeclosureFraud.com

Archives