Carteret Mortgage Corp. is in the process of shutting down, according to an e-mail sent to all employees from the company's chief executive officer. The company is expected to be totally closed by the end of September. At the end of 2002, according to Carteret's Web site, the net branch was operating in all 50 states and the District of Columbia with more than 2,000 loan officers
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Welcome to Mortgage-Lending-News.Com. The United States Mortgage Industry is at a crossroads. Hundreds of billions in loans and real estate valuations have been lost due to the sub-prime mortgage crisis. Even worse, billions more are at risk during the first half of 2008, as even more adjustable rate mortgages reset their rates. Hardly a day goes by that we don't hear of a foreclosure crisis in the news. Quite simply, there is too much news for us to keep up with, so we built this Mortgage site, initially as a means for us to internally follow what is going on in the mortgage industry. Now, we are sharing it with you.
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