Mortgage Daily

Published On: October 21, 2002
$9.7 Billion 3rd Quarter Production at GreenPoint

Originations up 39% from Q2

October 21, 2002

By MortgageDaily.com staff

GreenPoint Financial Corp. reported increases in mortgage production during the third quarter.

The company’s loan origination totaled $9.7 billion, an almost 39% hike from the second quarter’s $7 billion total and an almost 43% jump from last year’s $6.8 billion, the company reported.

The company’s period end pipeline was a record $9.4 billion compared with $7 billion at the end of the second quarter.

“I am very gratified by GreenPoint’s strong performance during the third quarter,” said Thomas S. Johnson, chairman and chief executive officer. “Low interest rates provided an ideal climate for our mortgage banking business, leading to record applications, record originations and a record pipeline with which to begin the fourth quarter.”

The company’s mortgage and consumer banking businesses are “counter-cyclical,” which makes them complementary and allows GreenPoint to do well in a variety of interest rate environments, he said.

One of GreenPoint Financial’s two principal subsidiaries is GreenPoint Mortgage, which is based in Novato, Calif. The company reported net earnings of $127 million for the third quarter.

FREE CALCULATORS TO HELP YOU SUCCEED
Tools for Your Next Big Decision.

Amortization Calculator

Affordability Calculator

Mortgage Calculator

Refinance Calculator

FHA Mortgage Calculator

VA Mortgage Calculator

Real Estate Calculator

Tags

Pre-Approval Resources!

Making well educated decions in a matter of minutes and stay up to date on the latest news Mortgage Daily has to offer. Read our latest articles to stay up to date on what’s going on…

Resource Center

Since 1998, Mortgage Daily has helped millions of people such as yourself navigate the complicated hurdles of the mortgage industry. See our popular topics below, search our website. With over 300,000 articles, we are guaranteed to have something for you.

Your mortgages approval starts here.

Add 1-2 sentence here. Add 1-2 sentence here. Add 1-2 sentence here. Add 1-2 sentence here. Add 1-2 sentence here.

Stay Up To Date with Today’s Latest Rates

Mortgage

Today’s rates starting at

4.63%

5/1 ARM
$200,000 LOAN

Home Refinance

Today’s rates starting at

4.75%

30 YEAR FIXED
$200,000 LOAN

Home Equity

Today’s rates starting at

3.99%

3 YEAR
$200,000 LOAN

HELOC

Today’s rates starting at

2.24%

30 YEAR FIXED
$200,000 LOAN