CALABASAS, Calif. (AP) — Mortgage lender and servicer Countrywide Financial Corp. said Thursday delinquency rates declined slightly in February compared with the previous month, while foreclosure rates continued to rise.
Delinquencies rates on loans serviced by Countrywide fell to 7.44% in February, from 7.47% in January. Delinquencies rates are still much higher than the year ago-period, when delinquencies totaled 4.48% in February 2007.
Foreclosure rates continued to rise. Countrywide’s foreclosure rate rose to 1.64% in February, compared with 1.48% in January and 0.80% in February 2007.
Countrywide originated …
