Capital One closing GreenPoint, laying off 1,900 Premium Content

Thornburg Mortgage losing $930 million on MBS fire sale

Inman News®

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 31 locations across 19 states, eliminating 1,900 positions, most by the end of the year.

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