• The FHFA says servicers started foreclosures in January, February and March on 226,000 overdue loans held by Fannie Mae and Freddie Mac.
• That is up 4% from the last quarter of 2011, but still well below the busiest foreclosure rush – 339,000 in the third quarter of 2010.
• Realty Trac, which issues monthly data, said foreclosures overall were up 16% from April to May.

From the article: Mortgage servicers increased foreclosure starts on Fannie Mae and Freddie Mac loans for the first time since 2010, according to the Federal Housing Finance Agency.