Capital One to eliminate close to 2000 jobs --- Call us if you have tip - WTVM.com-Columbus, GA News Weather & Sports

Capital One to eliminate close to 2000 jobs --- Call us if you have tip

August 21, 2007

Capital One financial announced Monday that it will eliminate a mortgage loan unit.

Capital One will close GreenPoint Mortgage in 31 different locations in 19 states ---meaning  1,900 employees will be laid off.

There is a GreenPoint Mortgage Group in Columbus in Brookstone's business park.

This move is the latest in a growing national concern over the widening credit crunch.

The financial service industry is adjusting business by getting rid of risky mortgage lending practices.

For more information, there is an extended report on the Washington Post's Website.

News leader 9 would like to know if anyone locally will be affected.  If your mortgage lender is greenpoint or you are an employee please call our newsroom at (706) 494-5458 or email us at newsrelease@wtvm.com.

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