The mortgage crisis and meltdown in the housing market led to significant increases in loan delinquencies and reserves for loan losses for California state-charted commercial banks and credit unions, according to a quarterly report for the fourth quarter from the California Department of Financial Institutions.

The mortgage crisis and meltdown in the housing market led to significant increases in loan delinquencies and reserves for loan losses for California state-charted commercial banks and credit unions, according to a quarterly report for the fourth quarter from the California Department of Financial Institutions.