Countrywide Delinquencies Drop

Washington Post (03/14/08) P. D2
Countrywide Financial reports a decrease in delinquencies to 7.44 percent of mortgages in February from 7.47 percent the prior month. Delinquencies were up substantially, however, from 4.48 percent in February 2007. Meanwhile, the Calabasas, Calif.-based lender recorded a jump in foreclosures to 1.64 percent from 1.48 percent in January and from 0.80 percent in February 2007.