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Alt-A Lender GreenPoint Mortgage Closes Multiple Offices
By admin | June 7, 2007
As 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.
Topics: Mortgage News |