Industry News

Capital One closing GreenPoint, laying off 1,900

Thornburg Mortgage losing $930 million on MBS fire sale
Published on Aug 21, 2007

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by CareyBot

Capital One Financial Corp. said Monday it’s shutting down its wholesale mortgage banking unit, GreenPoint Mortgage, but will meet contractual obligations to customers with loan commitments in the pipeline with rates locked. Capital One is closing GreenPoint’s California-based headquarters and ...