Alt-A Lender GreenPoint Mortgage Closes Multiple Offices

RE:Alt-A Lender GreenPoint Mortgage Closes Multiple Offices

anonymous — Mon, 18 Aug 2008 11:00:00 GMT

It is amazing to know how many short sales that went under the radar of Greenpoint mortgage! Many of the applicants defrauded the bank by telling other family members to buy a property which was in the forclosure process! It would be beneficial for the bank to foreclose and investigate individuals who are doing short sales to actually defraud the bank and still live in the property beacause of the close family tie with the buyer. This must stop and any individual who knowingly let their family members buy their property as a short sale is definitely defrauding the bank and the US govt. Many short sales in the Canarsie section of Brooklyn,NY in the past year and half have fit the above listed criteria as being fraudulent, and who pays the US tax payers. The government will take a active role in investigating a lot of these transactions. Do not defraud the bank , it is a crime!!!

RE:Alt-A Lender GreenPoint Mortgage Closes Multiple Offices

William — Wed, 30 Jul 2008 11:00:00 GMT

I think GreenPoint mortgage is a good organization. Everyone blames the lenders but really the borrowers knew what they were doing- atleast they should have known what they were doing. Everyone wants to blame someone. Stop cry babying and get a grip. If anyone should be crying, it is the banks. Crap, they're the ones losing all this money. When times were good, oh,the flippers were geniuses. Welp, times have changed.

RE:Alt-A Lender GreenPoint Mortgage Closes Multiple Offices

Steven Lemay — Wed, 23 Jul 2008 11:00:00 GMT

Greenpoint. I think you people are rude, and very uncaring. Why don't you help the family of 12 individuals with their $20,000.00 debt. Help them setup a caring fund. Do something losers!

RE:Alt-A Lender GreenPoint Mortgage Closes Multiple Offices

Ben — Thu, 24 Apr 2008 11:00:00 GMT

If anyone has a good contact for Green point, please send it to me via e-mail, BBenita@comcast.net. I have been getting jerked around for 2 months now on a short sale. Thus far these persons have ignored me: 1-800-784-5566, ext. 5383 for Loss mitigation, NO ONE ANSWERS THE PHONE, EVER!!! April Harris is the loss mit. rep. for our case. Tanya Higginbottom 706-641-4366 (HEAD of Loss mitigation) does not return calls Michelle Corbitt supervisor for loss mit. , 706-641-4382 does not return calls Lisa Preston, REO Supervisor 706-641-4234 also ignores calls...we will likely be adding to her REO department in the next few weeks!!! E-mails addresses I have thus far: customerservice@greenpoint.com, investor.relations@capitalone.com, broker/lendersupport@greenpoint.com, homeloancenter@greenpoint.com Again, on behalf of my client, the 2 agents involved and the buyer, I would GREATLY aprpeciate any guidance or input on JUST GETTING A RETURNED PHONE CALL!!! if they want ANOTHER REO, no worries, just tlet us know so we can STOP WASTING OUR TIME!!! We have been lied to REPEATEDLY by Green point Mortgage!!! No wonder they are bankrupt.....only a matter of time before THEY TOO are on: http://ml-implode.com/ All my best to everyone and PLEASE let me know if you have any feedback....BBenita@comcast.net

RE:Alt-A Lender GreenPoint Mortgage Closes Multiple Offices

anonymous — Mon, 03 Dec 2007 13:00:00 GMT

i am so disappointed with the new customer service center at greenpoint. everytime i call now i am patched directly to India. The people there have given me the run-around on a few occasions and they are not really polite. when i used to call, the people were great. very helpful and knowledgeable. with the new center, i may as well be talking to a computer. obviously they outsourced after the lay offs. I would NOT recommend greenpoint to a friend.

RE:Alt-A Lender GreenPoint Mortgage Closes Multiple Offices

Ren — Tue, 21 Aug 2007 11:00:00 GMT

Gina.. Yes it is the brokers job to inform the borrower of the programs they are getting into and for the most part that is being done. The borrowers are also to blame for playing dumb... if you had $1.00 in ur pocket for lunch and I took 75cents you would say hey I can't eat lunch.. same thing here people know there limits and if they sign the paper anyway knowing they have reached their limit .. shame on them as well.

RE:Alt-A Lender GreenPoint Mortgage Closes Multiple Offices

SUNSET PLAZA - LOS ANGELES — Mon, 20 Aug 2007 11:00:00 GMT

I personally obtained my first loan as a no income loan through Greenpoint back in 1998.... Today, I still have the same home and have benefit a great deal from this... I was able to put down 5% down and this lender made my loan happen... It's not up to the mortgage brokers to dictate your spending or how much one can afford.. We "all know" the final mortgage payment will be -regardless of what the "loan application" states as income.... . Stop blaming the mortgage broker ore realtor.

RE:Alt-A Lender GreenPoint Mortgage Closes Multiple Offices

Margie — Mon, 20 Aug 2007 11:00:00 GMT

It's very frustrating to know that a lot of people suffer the consequences of what greedy people did just to quench their thirsts for bonuses and commissions by funding a loan that is not meant for people who first of all, cannot afford it. What then is in store for the next generations? A dog house?

RE:Alt-A Lender GreenPoint Mortgage Closes Multiple Offices

Lee — Mon, 20 Aug 2007 11:00:00 GMT

How does this affect the customers if at all? I have a few friends in the past months who have refinanced with GreenPoint.

RE:Alt-A Lender GreenPoint Mortgage Closes Multiple Offices

broker — Mon, 20 Aug 2007 11:00:00 GMT

Everyone on wants to blame the mortgage broker. The reason the market has fallen apart is the Buyer - not the broker, realtor, appraiser, lender or title company. When you have a buyer that doesn't tell everything, they say the're working and can verify it,(find out they work with a relative that can inflate numbers) give you fake income docs. They want a $300,000 home and have A1 credit, but only have $250 dollars in the bank. Consumer lied and we let them. This wasn't a problem 3 yrs ago.

RE:Alt-A Lender GreenPoint Mortgage Closes Multiple Offices

FGPM2 — Mon, 20 Aug 2007 11:00:00 GMT

I couldnt have said it better FGPM...... how we all wanted to believe that.

RE:Alt-A Lender GreenPoint Mortgage Closes Multiple Offices

Gina — Thu, 16 Aug 2007 11:00:00 GMT

Thats just ignorant to wish companies will go under. People are employed their and depend on the income from their job to survive. So you would rather think about a measly 10k that CAME from the insurance company anyway, then 500 people being displaced from their jobs. Then on top of it wish the whole company goes under affecting thousands... IGNORANT

RE:Alt-A Lender GreenPoint Mortgage Closes Multiple Offices

Anonymous — Wed, 15 Aug 2007 11:00:00 GMT

I believe all of your comments are off basis and backed by your lack of knowledge of GreenPoint Mortgage and the mortgage industry as a whole. GrenPoint Mortgage is one of many companies that offer alt-a products which includes no doc programs. It is the brokers job to inform thier borrower of the program they are being put into THATS THIER JOB!!!!!! we wouldn't have this problem if brokers were correctly educated so they can educate thier borrowers!! If you don't like the program don't use it.

RE:Alt-A Lender GreenPoint Mortgage Closes Multiple Offices

5Gs — Mon, 13 Aug 2007 11:00:00 GMT

If you can't document your income, or know that you can't afford the house - then don't buy it. Stop blaming other people for your own mistakes. You have to sign the initial application and another one at the closing appointment- so don't act like you didn't know that the application was incorrect. You had time to change it. The wholesale department takes in loans from mortgage brokers who represent the borrowers. Take some accountability. Stop pointing fingers.

RE:Alt-A Lender GreenPoint Mortgage Closes Multiple Offices

steve — Fri, 10 Aug 2007 11:00:00 GMT

My son and daughter-in-law are in the process of purchasing a property as a short sale which GPT holds 1st mortgage on. They (GPT)took over $10,000 on an insurance setlement for hail damage and pocketed the money. The entire transaction has been a goat screw of biblical proportions and even the title company says they have nothing but problems with these people. They do not return phone calls etc..If they go under-so much the better!