HELOC

Countrywide Sees Losses Widen in Q1; Prime Borrowers Hit a Wall, Too 

Countrywide Financial Corp. [stock CFC][/stock] said Tuesday morning that losses continued to widen during the first quarter as homeowners faltered at a record pace. The nation’s largest lender and servicer said that it lost $893 million, or $1.60 per share, during Q1, compared to $434 million in earnings one year earlier; the net loss during the first quarter was more than double the loss recorded during the fourth quarter.