GreenPoint Mortgage - Capital One Wholesale - Wholesale, Commercial lending
Update 10/18/2007: We have learned that GreenPoint is also exiting their commercial lending operations. Per a notice that was sent out and passed on to us:
Original listing, 8/20/2007: We have learned that Capital One is shutting down GreenPoint Mortgage, their wholesale lending operation. Per a Yahoo! release:
GreenPoint had been in existence for twenty years.
Original posting on Greenpoint from Ailing/Watch:
We recieved a tip around June 7th that GreenPoint Mortgage had shut down numerous branches:
On June 8th we got confirmation that 440 employees had been laid off:
GreenPoint Mortgage, an Alt-A lender, clearly seems to be having some trouble.
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Important: This company is on our list of lending operations that have "imploded". However, please note that "imploded" is a somewhat subjective and does not necessarily mean operations are ceased permanently: it can mean bankruptcy filing, temporary but open-ended halting of major operations, or "firesale" acquisition. All information here is provisional, and may contain inaccuracies (especially newer information). If you are planning on doing business with this company or any other one listed on this site, you should inquire with them directly on whether they can still meet your needs. Many are still operating in some capacity.