Wednesday, January 9, 2008

Countrywide home loan delinquencies rise (AP)



The exterior view of a Countrywide banking and loan office in San Mateo, Calif. is seen in this Oct. 26, 2007 file photo. Countrywide Financial Corp.'s shares tumbled for the second day Wednesday, Jan. 9, 2008, after the nation's largest mortgage lender said the delinquency and foreclosure rate of home loans in its portfolio surged in December. The news drove Countrywide shares down almost 10 percent in midday trading.  (AP Photo/Paul Salkuma, file)AP - Countrywide Financial Corp.'s shares tumbled for the second day Wednesday after the nation's largest mortgage lender said the delinquency and foreclosure rate of home loans in its portfolio surged in December.




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