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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 wield fully the method, GreenPoint Mortgage, a subsidiary of savings limerick pecuniary has announced it is closing 12 of its operational centers and some subdivision offices with the loss of approximately 440 positions, primarily account executives, underwriters, and advance processors.
...GreenPoint is not a subprime lender, Ms. Rakes said, but its heart is the near prime make available, essentially the sector called Alt A mortgages.
Topics: Mortgage News |
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