Countrywide: Pending Foreclosures Jump 15 Percent in One Month

"Countrywide’s operational results were released today, showing that the pace of pending foreclosures and the nation’s largest lender have continued to increase. Pending foreclosures represented 1.2 percent of unpaid principal balance during August, up an eye-opening 15.4 percent from one month earlier and the largest monthly jump in pending foreclosures in over one year. "