En el 2011 GreenPoint Mortgage fué demandado por discriminación contra hispanos y afroamericanos

Llame hoy y di toda la información de la casa de mis padres. Dijeron que en una semana me llama un consejero para darme información adicional. También dijeron que envian un paquete por correo. Me pidieron el nombre de mis padres y la dirección de la propiedad, cuantos meses de atraso en los pagos, si estaban en proceso de ejecución hipotecaria, si sabía el nombre del banco y si ya los había contactado, si ya se había hecho una modificación y creo que nada mas.

http://greenpointlendingsettlement.com/

Judge Allows South Florida Homeowner to Sue Investors In Lawsuit Charging Financial Institutions With Mortgage Appraisal and Origination Fraud

Wells Fargo, Greenpoint Mortgage Funding, and Credit Suisse First Boston Mortgage Securities Corp. adjustable rate mortgage trust named as defendants.

MIAMI, FL, October 04, 2011 /24-7PressRelease/ -- A Miami-Dade Circuit Court Judge has granted Coral Gables, Fla. homeowner Pelayo Duran permission to include investors in his lawsuit charging Wells Fargo, Greenpoint Mortgage Funding and others with mortgage appraisal and origination fraud (Case #09-03703-CA). This development comes days after the Federal Housing Finance Agency, which oversees Fannie Mae and Freddie Mac, sued 17 large banks and financial institutions over losses on about $200 billion of subprime bonds, as well as, AIG's lawsuit against the Bank of America claiming that it lost $10 billion in a "massive fraud."

"It's believed the defendants, just like in the other high-profile cases, fraudulently induced others to invest in mortgage-backed securities supported by scores of defective loans," said Duran. "Basically the defendants generated or acquired any loan, no matter how risky, that could be sold to third party investors. I was an unsuspecting victim who applied for a loan, but was duped into something else."
Duran alleges in his lawsuit that the fraud began when he tried to refinance his primary residence in 2005. He purchased the home in 2004 with an initial down payment of $100,000. Shortly after the purchase, Duran needed to access some of the down payment money to pay for a few personal and business obligations. Duran alleges that the Wells Fargo mortgage broker baited and switched him into a subprime home mortgage with Greenpoint.

GreenPoint Mortgage cierra

Mortgage Companies Going Belly-Up

by M. Anthony Carr

GreenPoint Mortgage Funding is the latest mortgage company to shut its doors this year. Credit card giant CapitalOne, headquartered in the shadow of Washington, D.C., announced the immediate shutdown of GreenPoint, its loan origination subsidiary. Talk about a good idea gone bad -- CapitalOne just bought the company December of last year.

I like the way the CapitalOne press guys write this one up -- that the current market creates "significant near-term profitability challenges." I guess that means, we ain't makin' no money right now.

Note to shareholders: Oops.

One of the latest twists in an already topsy-turvy real estate market for agents and buyers is this -- if a mortgage company owns a lot of property from foreclosures, then where or to whom does a buyer make an offer to purchase such property since the holder of the house no longer exists -- at least in a healthy state.

The short-sale market (better known as pre-foreclosure) is alive and well around the country. But now we have the next challenge on these properties -- buyers in the midst of a transaction with an entity whose status is questionable at best, and totally phased out at worst.

Capital One cierra subsidiario GreenPoint Mortgage

Capital One Shuts Down GreenPoint Mortgage Unit

Mortgage meltdown claims another victim

08/21/2007 | Martin H.Bosworth | ConsumerAffairs.com

The mortgage meltdown has claimed yet another casualty, as Capital One announced it is shuttering its GreenPoint Mortgage wholesale lending unit. GreenPoint will close all 31 of its branches in 19 states, and its headquarters in California, Capital One said.

The McLean, Virginia-based lender also announced it was cutting 1,900 jobs across the board in an effort to cut costs. Capital One had already announced its plans to cut 2,000 jobs earlier in the year.

Capital One bought GreenPoint Mortgage for $13.2 billion in 2006, at the tail end of a five-year housing boom that saw record home prices and loans across the country. The closing of the unit will cost Capital One $860 million after taxes, according to the company.

Although Wall Street was expecting better trading today due to positive reports from retailers, the financial markets still showed nervousness in the face of another example of the mortgage meltdown's ripple effect across the global economy.

Lenders who specialized in "creative" and "nonconforming" loans with higher interest rates and steep payment increases have been downsizing or declaring bankruptcy in droves, leading to a global "credit crunch" as the markets pull back from lending and consumers stop borrowing.

Cierra GreenPoint Mortgage, compañia de préstamos hipotecarios

Greenpoint Mortgage Closed

Colin Robertson August 20, 2007 Comments Off

Greenpoint Mortgage was shut down today by parent Capital One Financial Corp., who said weak demand for residential home loans forced the company to shut the ailing mortgage lender. Capital One announced that it would cease loan origination operations at Greenpoint Mortgage immediately, and according to initial reports, cut roughly 1,900 jobs.

Loans that are already in the pipeline and locked will continue to be processed and should ultimately fund as scheduled.

The news followed similar statements made by the VP of investor relations for Capital One last week, who sparked employee concerns that the company was gearing up to close Greenpoint Mortgage. Greenpoint Mortgage headquarters in Novato, California will be closed, along with 31 other branches in 19 states throughout the United States.

Greenpoint Mortgage specialized in Alt-A loans, offering programs for borrowers with credit scores down to 620, as well as option-arms, second mortgages, jumbo loans, and other high-risk products. But earlier this year Greenpoint narrowed their product offerings significantly, effectively sinking loan volume and forcing the closure of 13 branches and 440 layoffs.

Capital One Closes GreenPoint Mortgage, Idling 1,900

By Joseph N. DiStefano - August 20, 2007 20:22 EDT

Aug. 20 (Bloomberg) -- Capital One Financial Corp. shut its GreenPoint Mortgage unit, eliminating 1,900 jobs, and lowered its earnings forecast as the worst U.S. housing slump in 16 years erodes demand for home loans.

Capital One bought GreenPoint less than a year ago in a $13.2 billion deal that was the biggest acquisition to date for Chief Executive Officer Richard Fairbank. Today, the McLean, Virginia-based bank cut its 2007 earnings forecast to $5 a share from $7.15, triggering charges of about $860 million, or $2.15 per share, mostly during this year.

"They said, 'Let's just cut our losses now and get out," said Thomas Brown, chief executive officer at Second Curve Capital LLC in New York, which owned 1 million shares of Capital One on June 30. "The company had been getting a lot of questions about that business."

Capital One acquired GreenPoint's parent, North Fork Bancorp, at the tail end of a five-year boom in home sales. The real estate market nationwide has contracted and investors have shunned mortgage-backed securities since defaults on loans to home buyers with poor credit rose to a record earlier this year. More than 90 mortgage companies have closed operations or sought buyers since the start of 2006, according to Bloomberg data.