Capital One said it will shut down GreenPoint Mortgage and eliminate
most of the jobs by the end of year. The McLean, Va.-based company will close 31
GreenPoint locations in 19 states and "cease residential mortgage origination"
effective immediately but said it will honor commitments to customers with
locked rates who have loans already in the pipeline.
Monday, August 20, 2007
Capital One to Shutter Mortgage Unit
It looks like it is a bad time to be a mortgage broker.
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