Industry News

Subprime delinquencies approach 20% at Countrywide

Foreclosure rate on risky loans hit 3.53% at end of year
Published on Mar 1, 2007

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by CareyBot

Delinquencies on subprime home loans that Countrywide Financial owns or services for other investors rose to 19 percent by the end of 2006, up from 15.2 percent at the end of 2005 and 11.3 percent at the end of 2004. ...