LAT hypes foreclosures

The LAT presents a graph today depicting the increase in mortgages under foreclosure at Countrywide Financial, the so called No. 1 mortgage lender in the U.S.

The increase in mortgages under foreclosure from January to July is roughly one-half of one percent according to the LAT. That's depicted on a graph with a scale of zero to 1.2 percent, resulting in a line slanted upward at roughly 30 degrees. If the reverse were depicted on a graph -- the percent of mortgages not under foreclosure -- on a scale of zero to 100, the change would be a mere blip. Figures don't lie but liars figure.