The percentage of residential mortgages either in foreclosure or with at least one payment past due hit 13.16% in the second quarter, the highest percentage ever recorded by the Mortgage Bankers Association, the industry group reported on Thursday.

The delinquency rate for mortgages on one- to four-unit properties rose to a seasonally adjusted 9.24% of all mortgage loans outstanding in the second quarter, up from 9.12% in the first quarter and 6.41% in the second quarter of 2008, according to the MBA’s national delinquency survey. The delinquency rate doesn’t include mortgages in the foreclosure process.

Mortgages somewhere in the foreclosure process reached 4.3% of all mortgages, up from 3.85% in the first quarter and 2.75% in the second quarter of 2008, the MBA said.

However, mortgages entering the foreclosure process during the second quarter actually fell slightly to 1.36% of all loans, down from 1.37% in the first quarter. Foreclosure starts were still up from 1.08% in the second quarter of 2008.

Some of the changes required of credit card companies through last spring’s credit card legislation begin to take effect this week.

Those changes force companies to give customers longer notice when changing the interest rate and to provide more time to pay their bill after it’s mailed. A new credit card market is beginning to take shape, based on companies’ reactions to the new regulation. The outcome will likely be something Congress didn’t expect.

Banks have made underwhelming progress on helping struggling mortgage borrowers, extending trial loan modifications to just 9% of those eligible under a $75 billion Obama administration program–and even that number may be inflated. Some of the homeowners in the trial program may not be allowed into the program due to weak initial controls.

The program, which offers cash incentives to get servicers and lenders to make loan modifications, is a bid to stem the next wave of foreclosures fueled by depressed home prices and rising joblessness.

Before a final modification can be created, plenty of paperwork is required like tax returns and proof of hardship. However, servicers can start a trial modification using very limited underwriting, even just a verbal agreement over the phone. Relevant documents then can be collected over the 90-day period.