Delinquency rate rose in August

The delinquency rate for mortgage holders rose more than four percent in August compared to the year before, according to a “first look” report from Lender Processing Services. (The full, final report will be out in a week.)

About 6.4 million homes were delinquent (either 30 or more days behind or already in foreclosure) at the end of August — which is 4.11% higher than in 2010.

Click here to see the details from LPS.

(Note: HousingWire is reporting the opposite — that LPS says the delinquency rate dropped — but I have no idea where that came from. The LPS site is pretty clear.)

About Andrew Kantor

Andrew is VAR's editor and information manager, and -- lessee now -- a former reporter for the Roanoke Times, former technology columnist for USA Today, and a former magazine editor for a bunch of places. He hails from New York with stops in Connecticut, New Jersey, Cincinnati, Columbus, and Roanoke.
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