My favorite was this: “Total delinquencies as a percentage of the number of loans was 6.96 percent, up from 5.02 percent at the end of the prior year. Some 1.04 percent of loans were facing foreclosure, up from 0.65 percent a year earlier.”
KIM this is only Countrywide here. What about others, New Century, etc. Countrywide was not the only one doing these subprime loans. Pretty amazing, scary and funny when you look at the forest and not the trees.
