Although the percentage of homeowners missing their first mortgage payment has seen a slight decrease from May to June, the overall number of people in some kind of financial stage of foreclosure has remained fairly steady at around 2 million, according to some statistics.

In the grand scheme of things, the 30-day loan delinquencies were down at the 1.4 percent mark for May while the 60-day delinquencies rose to the 2.4 percent mark. This is a good start to showing that people can maintain their loans in the long run, even if they miss the first payment.

Loans Hit High for Freddie and Fannie

Although people are being able to take reign on their 60 and 90 day loans, the loans guaranteed by Freddie Mac and Fannie Mae seem to be accelerating to the top at an all-time high. This has a few new homeowners wondering what will happen to their loans based on the current data trends.

Most of the foreclosure starts are accredited to the Home Affordable Modification Program cancellations. These cancellations were responsible for the most increases in concentrated loans that ended up being delinquent by more than six months, pushing the average days of being late to 461 on average.