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CoreStar Financial Group - Subprime Lender
2007-03-17
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stories: baltimoresun.com
This national mortgage lender offerred a number of mortgage products but specialized on providing loans to those with "less than perfect" credit:
It's unclear whether CoreStar, which had already closed a Columbia office, fell on hard times or its owners simply decided to move on. "They didn't give a reason," said Charles W. Turnbaugh, commissioner of financial regulation. "This little bit of information that I have suggest that they are winding up their business in an orderly fashion and transferring customers. You know, companies come and go, and that's the American way."
It's unclear from the CoreStar website how many employees were affected.
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Important: This company is on our list of lending operations that have "imploded". However, please note that "imploded" is a somewhat subjective and does not necessarily mean operations are ceased permanently: it can mean bankruptcy filing, temporary but open-ended halting of major operations, or "firesale" acquisition. All information here is provisional, and may contain inaccuracies (especially newer information). If you are planning on doing business with this company or any other one listed on this site, you should inquire with them directly on whether they can still meet your needs. Many are still operating in some capacity.
