Capital One Financial Corp., McLean, Va., has reported a net loss of $81.6 million ($0.21 per share) for the third quarter that stemmed from an $898 million loss from discontinued operations related to the shutdown of GreenPoint Mortgage.Capital One said earnings totaled $2.09 per share for the quarter excluding the loss from discontinued operations. The company's net income a year earlier totaled $587.8 million ($1.89 per share). The shutdown of GreenPoint, announced in August, is now "largely complete," Capital One said. The company can be found on the Web at http://www.capitalone.com.

Subscribe Now

Authoritative analysis and perspective for every segment of the mortgage industry

30-Day Free Trial

Authoritative analysis and perspective for every segment of the mortgage industry