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.
(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.)