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Capitol One Closes its Subprime Mortgage Unit

GetRealGetReal
edited August 2007 in Seattle Real Estate
http://biz.yahoo.com/ap/070820/capital_ ... html?.v=12

Capital One closes a unit (1900 jobs) that dealt with creattive loans.

Comments

  • UbersaladUbersalad
    greenpoint is not that big and actually greenpoint have closed down most of its branches few months ago. this just made it official.
  • GetRealGetReal
    This announcement just introduces more uncertainty to Wall Street and builds a critical mass for massive drops of creative loans
  • UbersaladUbersalad
    ml-implode.com has long enough list to prove that point.
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