In what can best be described as “mixed news” for the nation’s economy, Lender Processing Services (LPS) reported that the national mortgage delinquency rate rose 7.7 percent between August and September. According to LPS, one of the nation’s largest provider of mortgage related services, this increase represents the largest monthly late payment increase in four years. LPS’s Senior Vice President Herb Blecher remarked that, while September's increase was “significant,” the “overall trend is still one of improvement." Blecher added that, “[d]espite the monthly jump, delinquencies are down 30 percent from their January 2010 peak.” The Report also highlighted the fact that the number of borrowers “re-defaulting” after going through a loan modification was a smaller percentage from August, and the rate of first time foreclosures are at their lowest levels since 2008. In addition, originations increased to their highest levels since 2009, as more homeowners refinanced through the government's Home Affordable Refinancing Program. Check back with the CFS-Lawblog as we continue to monitor these developments.