• The Federal Housing Administration in May had 713,104 of the mortgages it insures in seriously delinquency.
• The total was less than a percentage point above April, but was 23% higher than May 2011's total.
• In another report, the Comptroller of the Currency said that 42% of FHA-insured mortgages that were modified in the first part of 2011 were back in default after 12 months.

From the report:

The amount of seriously delinquent mortgages insured by the Federal Housing Administration increased in May for the first time since the beginning of the year. ...