Today’s issue of REALTORMag posted an article on the decrease in foreclosures but there are more people who are missing their payments.

Citing data from the Mortgage Bankers Association’s National Delinquency Survey, the article says that, in the second quarter of 2010, foreclosure action was started on 1.11% of loans, down 12 basis points from the last quarter and down 25 points from the second quarter of 2009. In addition, 4.57% of all home loans were in the foreclosure process, a decrease of six basis points from Q1 2010 but an increase of 27 basis points from Q2 2009.

The percentage of loans 90 days or more past due or in the process of foreclosure was 9.11%, down 43 basis points from the first quarter of this year, but an increase of 114 basis points from the second quarter of 2009, REALTORMag reports. But that’s where the good news ends.

The MBA’s survey showed that the percent of loans in which borrowers fell behind by one payment was 3.51% after it was 3.31% by the end of 2009. This could be attributed to the unemployment rate as more people have either lost their jobs or are unable to find a new job.