
Capital One throws in the towel; Day 3 in NJ and I’ve gotten to the bottom of this “Garden State” ni
At the beginning of July, Capital One was the 12th largest mortgage lender among banks. Fast forward 4 months and as of Tuesday they will no longer originate mortgages and home equity loans. The President of financial services at Capital One used words like “structurally disadvantaged” and “challenging rate environment” when describing their departure from mortgage lending. Read the article here. To me it’s always interesting when larger players exit the market as I feel it’s