As of June 30, almost one in four subprime loans that Countrywide services was delinquent, up from 15 percent in the same period last year, according to company filings. Almost 10 percent were delinquent by 90 days or more, compared with last year’s rate of 5.35 percent.

Whoa. Qualitative and quantitative look at the mortgage industry and Countrywide's personal contribution.

I wonder how many of Atlanta's foreclosure woes are due to murky lending practices and not just ignorant borrowing.

-janelane

Inside the Countrywide Lending Spree - New York Times