National home loan delinquency rates increased 2.3% in May to 9.2%, according to a report released today by Lender Processing Services.

In light of slowing seasonal improvements, the report indicated an increase in early-stage delinquencies and a slight rise in the number of mortgage loans in default beyond 90 days. Delinquency and foreclosure rates remained stable at record high levels, with more than 7.3 million loans currently in some stage of delinquency or REO.

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