Mortgage Delinquencies Continue to Climb

For the three months ended Sept. 30, 6.25 percent of U.S. mortgage loans were 60 or more days past due, according to credit reporting agency TransUnion. That's up 58 percent from 3.96 percent a year ago.
Being two months behind is considered a first step toward foreclosure, because it's so hard to catch up with payments at that point.