1/10/2008

Countrywide Financial Corp. said December's figures for foreclosures and late payments on mortgages reached the highest levels on record. Countrywide said the foreclosure rate for the mortgages on which it collects and processes payments doubled from 0.70% a year ago to 1.44%. The delinquency rate rose from 4.60% a year ago to 7.20%.

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Reuters

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