Surprise, Surprise Countrywide Foreclosures, Deliquencies Up

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