Rhode Island Pooling and Servicing Agreement between Greenpoint Credit, LLC and Bank One, National Association
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FAQ
Acquired GreenPoint and its Melville, New York, headquarters for $14.6 billion U.S. dollars. It was only the second bank bought by , and was the larger of two acquisitions comprising 's 2005-06 expansion into retail banking.
The ?Pooling and Servicing Agreement? is the legal document that contains the responsibilities and rights of the servicer, the trustee, and others over a pool of mortgage loans.
North Fork Bancorp acquired GreenPoint Financial in October 2004 for $6.3 billion in stock. In December 2006, purchased North Fork. shut down GreenPoint by the third quarter of 2007 at an after-tax loss of $1 billion.
Status: CLOSED. shut down GreenPoint in the third quarter of 2007.