GreenPoint Financial Corp., New York, has reported earnings of $104 million ($0.85 per share) for the third quarter, down 10% from $126.5 million ($0.94 per share) a year earlier.Thomas S. Johnson, chairman and chief executive of the company, said "the sudden increase in interest rates had an immediate, negative impact on mortgage banking, making the third quarter a difficult one." GreenPoint originated $9.4 billion of mortgages in the third quarter, down 20.2% from the second quarter and 3.2% from a year earlier.

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