GreenPoint Mortgage - Wholesale Alt A

We recieved a tip around June 7^th that GreenPoint Mortgage had shut down numerous branches:

Here is one to add to your list:

Greenpoint mortgage who was bought out by North Fork bank and then Capital One has shut down 13 branches in the US yesterday.

On June 8^th we got confirmation that 440 employees had been laid off:

Subprime mortgage concerns that have tightened underwriting standards and diminished secondary market appetite in the neighboring "near prime" market have forced originator GreenPoint here to cut 440 staff positions and close 12 of its 41 operational centers, according to a company spokesperson.

GreenPoint Mortgage, an Alt-A lender, clearly seems to be having some trouble.