Alt-A Lender GreenPoint Mortgage Closes Multiple Offices
June 7th, 2007As the problems with subprime mortgages continue to work through the system, GreenPoint Mortgage, a subsidiary of Capital One Financial has announced it is closing 12 of its operational centers and some branch offices with the loss of approximately 440 positions, primarily account executives, underwriters, and loan processors.
…GreenPoint is not a subprime lender, Ms. Rakes said, but its focus is the near prime market, largely the sector called Alt A mortgages.
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October 30th, 2008 at 8:02 am
[...] top foreclosure offending states in the country. The foreclosure is a judicial process by which the lender realizes unpaid dues by seizing the mortgaged [...]