Record high for mortgage delinquencies ... again

The good news is that the pace is at least slowing.

The fact that another record high has been hit is the disturbing news.

The good news is that the pace at which people fell behind on their mortgages slowed during the summer for the third quarter in a row. The bad news is the overall delinquency rate hit another record.

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.