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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest Event
Reported) December 15, 1999
GreenPoint Mortgage Securities Inc.
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(Exact name of registrant as specified in its charter)
Delaware 333-79833 68-0397342
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(State or Other Jurisdiction of (Commission File (I.R.S. Employer
Incorporation) Number) Identification No.)
700 Larkspur Landing Circle 94939
Suite 240 -----
Larkspur, California (Zip Code)
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(Address of Principal Executive
Offices)
Registrant's telephone number, including area code (415) 925-5442
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(Former Name or Former Address, if Changed Since Last Report)
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Item 5. Other Events
GreenPoint Mortgage Funding, Inc. (the "Company") is engaged in the
mortgage banking business, which consists of the origination, acquisition, sale
and servicing of residential mortgage loans secured primarily by one to
four-unit family residences, and the purchase and sale of mortgage servicing
rights. The Company originates loans through a nationwide network of production
branches. Loans are originated primarily through the Company's wholesale
division, through a network of independent mortgage loan brokers approved by the
Company, and also through its retail lending division and correspondent lending
division.
The Company is a wholly-owned subsidiary of GreenPoint Financial Corp.
("GreenPoint Financial"), a national specialty housing finance company.
GreenPoint Financial's other subsidiaries include GreenPoint Bank, a New York
State chartered savings bank with $11 billion in deposits and 73 branch offices
in the greater New York area, and GreenPoint Credit Corp., the nation's second
largest manufactured housing lender. GreenPoint Financial is listed on the New
York Stock Exchange under the symbol "GPT."
The Company's present business operations were formed through the
transfer to the Company effective October 1, 1999 of the assets and liabilities
of Headlands Mortgage Company ("Headlands"). Simultaneously with this transfer,
GreenPoint Mortgage Corp. ("GreenPoint Mortgage"), a subsidiary of GreenPoint
Financial specializing in non-conforming, no documentation loans, was merged
into the Company. All of the mortgage operations of GreenPoint Financial are now
conducted through the Company. In connection with such transfer, the stock of
Headland's wholly owned subsidiary, Headland's Mortgage Securities Inc. ("HMSI")
was transferred to the Company. HMSI has been renamed GreenPoint Mortgage
Securities, Inc.
The Company's executive offices are located at 1100 Larkspur Landing
Circle, Suite 101, Larkspur, CA 94939.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
GREENPOINT MORTGAGE
SECURITIES INC.
By: /s/ Kristen Decker
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Name: Kristen Decker
Title: Vice President
Dated: December 21, 1999
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