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The delinquency figures released on Thursday by Countrywide together with the protest, organized by the Neighborhood Assistance Corporation of America, indicate that Countrywide finds itself increasingly at the center of the mortgage storm that began this year.
Improvements in delinquency figures could signal that fewer credit card defaults are ahead though, even as net charge-offs increased to 10.5% in January.
Pointing to student loan delinquency figures, Adams said, "This is not deja vu.
It includes delinquency figures and data on the department's loan servicers.
The Education Department has not released delinquency figures for the FFEL program.
The delinquency figures reflect the latest troubles of the program, known as Making Home Affordable.
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The Federal Reserve came up with the delinquency figure by excluding from their calculation borrowers who were still students or those who were granted permission to postpone payments because of financial hardship, graduate school or some other approved reason.
The New York Fed's delinquency figure also appears suspect.
Great Lakes had the best delinquency figure with a rate of just under 26percentt.
"Offering our customers the best student loan experience possible has been a priority and we continue to make changes to enhance their experience". Great Lakes had the best delinquency figure with a rate of just under 26percentt.
Yet critical figures on loan delinquencies and repayment plan usage in some areas of the program remain secret or unknown, and the department has reportedly been unwilling to share crucial information with other agencies.
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