Capital One cuts 1,900 jobs, slashes profit forecast

The GreenPoint business lost $12.6 million in the first quarter, but managed to turn in a $2.6 million profit in the second quarter.

Capital One said it expects to continue to make home loans through its Capital One Home Loans business and its bank branches, where it has more control of the lending process.

Capital One's shares closed at $66.72 on Monday, but rose to $66.74 in after market trading. The company's shares have fallen more than 13 percent this year, more than twice the decline of consumer financial stocks as measured by the Dow Jones U.S. Consumer Finance Index.