North Fork Bancorporation Announces Fitch Upgrade for Mortgage Servicing Unit.
MELVILLE, N.Y. -- North Fork Bancorporation, Inc. (NYSE: NFB) announces Fitch upgrade for the mortgage servicing unit as per the following press release from Fitch Ratings: Fitch Ratings-New York-September 6, 2005: Fitch Ratings upgrades GreenPoint Mortgage Funding's (GPM) residential primary

Publication: Business Wire

North Fork now the hunted; Acquirer's stock falls with mortgage business; little room left for cost-cutting.
Byline: Tom Fredrickson When north fork Bancorp Chief Executive John Kanas uncorked his $6.3 billion bid to buy GreenPoint Financial Corp. nearly two years ago, he called the acquisition opportunity too good to pass up In hindsight, maybe he should have passed it up. In the past three months,

Publication: Crain's New York Business

North Fork bank deal challenges Capital One.
Capital One Financial Corp. faces two local challenges as it prepares to acquire North Fork Bancorp IncWestchester's eighth largest bank measured by deposits--in a $14.6 billion deal announced last week. The new mega-bank would be among file nation's 10 largest with $84 billion in deposits. But

Publication: Westchester County Business Journal

Metamorphosis; American banks.(The metamorphosis of Capital One)(Capital One acquiring North Fork)
A credit-card issuer buys--and becomes--a bank MUCH of nature works in cycles; often business does too. Capital One, the fourth-biggest credit-card issuer in America, began life as part of Virginia's Signet Bank. Spun off in 1994 as a pure card company, it is about to turn into one of America's

Publication: The Economist (US)

Rising rates trip up smaller banks; NY's mortgage lenders most at risk.(Shifting Winds)
Byline: Tom Fredrickson When the Federal Reserve Board signaled last week that it might raise interest rates more rapidly than expected, executives at New York's leading mortgage lenders felt a shiver. North Fork Bank, New York Community Bancorp and Independence Community Bank Corp. are more

Publication: Crain's New York Business

NY's minority loan practices draw interest; Bank data report reveals major rate disparity on city's home mortgages.(News)
Byline: Tom Fredrickson Minority borrowers in New York City are three times more likely than whites to receive high-rate mortgages, a disparity that far exceeds similar nationwide data, according to an analysis of bank-loan reports. The differences in rates are highest for blacks, who are four

Publication: Crain's New York Business