Countrywide reported increased foreclosures and delinquencies. Raise your hand if you heard this one before. Of course, no one is surprised as RealtyTrac reports that overall foreclosures were up 75% in 2007. I'm sure the NAR and others are saying somewhere that this blog and others "attitudes" are driving the rising foreclosures.
From Market Watch on Countrywide's increasing foreclosure and delinquency problem:
Then nation's largest mortgage lender said foreclosures for the month rose to 1.48% from 1.44% a month earlier. Delinquencies, too, continued to climb, up to 7.47% from 7.27% in December 2007.
The up-tick of delinquencies and foreclosures was a visible sign of larger problems borrowers are facing nationwide. Industry research firm RealtyTrac said Jan. 30 that for
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