TITLE

Countrywide's Default Rate Doubled in January

PUB. DATE
April 2008
SOURCE
Mortgage Servicing News;Apr2008, Vol. 12 Issue 3, p16
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports that Countrywide Financial Corp. (CFC) almost doubled its foreclosure rate in January 2008 compared to that in January 2007 in Calabasas, California. It states that 1.48% of the company's loans in its massive $1.48 trillion servicing portfolio has entered the foreclosure process. Moreover, it is revealed that CFC funds $21.8 billion in residential loans in January 2008 which has a 41% decline from the same month of 2007.
ACCESSION #
31433304

 

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