The seizure on Jan. 22 of Charter Bank of Santa Fe, N.M., by the Office of Thrift Supervision underlines what could be a new trend in the mortgage business — lenders involved in both residential and commercial mortgage lending brought low by a double dip in two bad markets.

Charter Bank, New Mexico's largest state-based mortgage lender, escaped the subprime mortgage disaster with no problem. Indeed, no New Mexico-based financial institutions failed during the subprime crisis, because they left that kind of lending by and large to out-of-state institutions, which did fail.

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