Although banks increased their loan workouts in the second quarter, rising delinquencies once again showed that problems were outpacing industry's efforts to slow the pace of foreclosures, according to a regulatory report released Wednesday.

A report by the Office of the Comptroller of the Currency and the Office of Thrift Supervision said that mortgage workout actions increased by 75%, but that the overall mortgage outlook continued to decline. The number of mortgage delinquencies increased by 8.5% while foreclosures in process were up 2.9%.

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