Capital One Closes Wholesale Mortgage Unit
August 20th, 2007Last Update: 4:30 PM ET Aug 20, 2007
Capital One Financial Corporation today announced that it will cease residential mortgage origination operations at its wholesale mortgage banking unit, GreenPoint Mortgage, effective immediately…….
As part of this decision, the company will close GreenPoint’s California- based headquarters along with 31 locations across 19 states. The change will result in the elimination of approximately 1,900 positions with the vast majority of these positions being eliminated by the end of the year.
http://news.moneycentral.msn.com/provider/providerarticle.aspx?feed=PR&Date=20070820&ID=7348049
