Figures released by Lender Processing Services (LPS) in its April Mortgage Monitor reported the largest monthly increase in delinquencies in recent years at 2.4%. This rise is considerable even though April usually has the biggest rise in new delinquencies.

The rate of delinquencies is still noticeably down from January of this year and compared to the high that was recorded in January 2010. The current total U.S. loan delinquency rate is now at 7.97%. 

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