Countrywide foreclosures

The carnage in residential real estate  continues in earnest... We haven't seen the bottom yet, as new foreclosures continue to add to the stockpiles of unsold homes. And we can expect another year of growing foreclosures as more ARMs get reset, which is expected to peak in spring 2009.

Here is an interesting blog that keeps track of events in the residential mortgage market.

http://countrywide-foreclosures.blogspot.com/