Newly initiated foreclosures by the Federal Housing Administration (FHA) jumped 247% in April from a year earlier, while the overall number of foreclosure starts fell 3.1% in the same period.

A report released Thursday by Lender Processing Services showed that FHA foreclosure starts jumped to 63,129 in April, from 18,154 a year ago. FHA foreclosure starts rose 73% in April from 36,311 in March, LPS found.

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