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Sunday, Feb 25, 2024

Countrywide Sees Increase in Delinquencies

The number of delinquent mortgages increased in 2006 for Countrywide Financial Corp. The Calabasas-based mortgage funder said in its securities filing on Mar. 1 that total delinquent mortgage loans rose to 5.02 percent in 2006, from 4.61 percent at the end of 2005. Nonprime mortgage lending made up the largest percentage of delinquent loans at 19.03 percent.

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