It was the second consecutive month that new defaults rose.
Residential delinquency of at least 30 days, including foreclosures, was 13.21 percent in October, elevating from 13.11 percent in September — which also saw an increase in late payments.
The findings were based on performance statistics from Lender Processing Services Inc.’s database of 40 million mortgages.
The number of delinquent loans as of the end of last month was 7,043,000.
A year ago, the rate of late payments was around 13.87 percent.
The highest rates of delinquency were in Florida, Nevada, Mississippi, Georgia, Louisiana and New Jersey.
But the lowest default rates were in the states of Montana, Wyoming, Alaska, South Dakota and North Dakota.
LPSÂ said the delinquency rate excluding foreclosures moved higher to 9.29 percent from September’s 9.27 percent.
The total foreclosure pre-sale inventory rate rose to 3.92 from the previous month’s 3.84 percent.
