Delinquent Mortgage Payments Rise in Q3

Washington, DC, Nov. 8, 2011 -- More mortgage holders fell behind in their payments during the third quarter, according to credit reporting agency TransUnion.

The rate that mortgage holders were late with their payments by 60 days or more rose for the first time since the fourth quarter of 2009.

TransUnion said 6.44% of homeowners missed two or more payments, an early sign of possible foreclosure. That was up from 5.88% in the third quarter of 2010, and from 5.82% in the 2011 second quarter.

Between the second and third quarters, all but 10 states and the District of Columbia saw delinquency rates increase.

No one factor was blamed for the increase