September 20, 2014 3:00 AM ET

Thrifts and Mortgage Finance

Company Overview of GreenPoint Mortgage Funding, Inc.

Company Overview

GreenPoint Mortgage Funding, Inc. is a mortgage banking company. The company offers online tools and information to its mortgage brokers to make finding and finalizing a loan. It serves residential brokers, commercial brokers, and correspondent lenders in the United States. The company was founded in 1992 and is headquartered in Novato, California. GreenPoint Mortgage Funding, Inc. operates as a subsidiary of Headlands Mortgage Co.

100 Wood Hollow Drive

Novato, CA 94945

United States

Founded in 1992

Phone:

415-878-5000

Fax:

800-903-4329

Key Executives for GreenPoint Mortgage Funding, Inc.

President and Chief Executive Officer
Age: 49
Compensation as of Fiscal Year 2014.

GreenPoint Mortgage Funding, Inc. Key Developments

Residential Funding Co. LLC Files Lawsuits against UBS Real Estate Securities Inc., SunTrust Mortgage Inc. and GreenPoint Mortgage Funding Inc

Residential Funding Co. LLC filed lawsuits alleging breach of contract against UBS Real Estate Securities Inc., SunTrust Mortgage Inc. and GreenPoint Mortgage Funding Inc. The lenders were accused of selling mortgage loans to the Residential Capital LLC affiliate that were defective due to missing or inaccurate documentation, fraud by borrowers or faulty appraisals, according to the report. Residential Funding purchased at least $3 billion in loans from the SunTrust Banks Inc. unit and millions of dollars worth of mortgages from the Capital One Financial Corp. affiliate. Residential Funding wants the lenders to buy back the defective loans, which were grouped with similar loans into a securitization trust.

CIFG Assurance North America Inc Agrees to Settlement with Goldman Sachs and GreenPoint Mortgage Funding Inc

CIFG Assurance North America Inc. has agreed to settle lawsuits that it filed against Goldman Sachs and GreenPoint Mortgage Funding Inc. CIFG has sued the companies over mortgage-backed securities. It complained about GreenPoint in October and had sued Goldman Sachs over USD 275 million of mortgage backed securities. CIFG has reportedly agreed to settle the cases in principle.

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