California Home Loan 360

Countrywide discloses rising delinquencies and foreclosures. Its stock falls to $5.12 as investors continue to flee. Countrywide Financial Corp.'s future was called into question again Wednesday after it reported another rise in loan delinquencies and foreclosures, fueling fresh speculation that the company was headed toward bankruptcy.

... even those with good incomes and sterling credit histories — could afford to get into the housing market as home prices ... by job losses in general or seen a decline in speculation-driven construction, such as South Florida, parts of California ...