Late-breaking news: Capital One Financial is shutting down
Mortgage unit. Around 1,900 workers will be let go and the diversified lender will take a charge of about $860 million related to the move. Capital One scooped up GreenPoint
when it acquired north Fork Bancorporation
at the end of 2006. GreenPoint
originated about $36 billion in mortgages last year, according to the National Mortgage News stats I have -- making it the 20th
largest such lender in the country.