Countrywide Foreclosure Woes

 

Record foreclosures in fourth quarter
CNNMoney.com - USA
Mortgage Bankers Association reports a spike in loans

entering into some stage of foreclosure. Number of subprime borrowers late with

payments is on the ...

US home mortgage defaults jumped in Q4 2006; Default rates for ...
FinFacts Ireland - Ireland
The percentage of loans in the foreclosure process was 1.19 percent of all loans outstanding at the end of the fourth quarter, an increase of 14 basis ...

 

What are 'Subprimes' and Why Does Wall Street Care?
FOX News - USA
In exchange for the higher risk (of late payments, default or foreclosure) that lenders

assume in granting such loans a) the interest rates they charge are ...

 

Mortgage Surprise? What Surprise?
Realty Times - TX,USA
"The US mortgage giant Freddie Mac said it would no longer buy those high-risk home

mortgages that it deems to be the most vulnerable to foreclosure. ...

Countrywide Says Subprime Turmoil May Harm Results  Financial Services  Reuters
NEW YORK (Reuters) - Countrywide Financial Corp., the largest U.S. mortgage lender, said on Monday that foreclosures rose to a five-year high and turmoil in the subprime market may hurt earnings, and its shares fell.