Contrywide Grows

[Justice]

Foreclosure rate doubles
Countrywide said pending foreclosures as a percentage of unpaid principal balances rose to 0.90 percent from 0.45 percent a year earlier, and 0.85 percent in April.

Foreclosures based on the number of loans serviced rose to 0.71 percent from 0.47 percent a year earlier, and 0.69 percent in April, Countrywide said. Delinquencies rose to 4.71 percent from April’s 4.45 percent.

The portfolio of loans that Countrywide services grew 18 percent to $1.39 trillion.

MS NBC

These numbers seem strange. Nonprime (including Subprime) decreased by 43% then who is able to get a loan?

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