Capital One closing GreenPoint, laying off 1,900 
Thornburg Mortgage losing $930 million on MBS fire sale
By Inman News, Tuesday, August 21, 2007.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.
more...
Copyright 2007 Inman News
All rights reserved. This content may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this content without permission is a violation of federal copyright law.
