Capital One Decides to Wind Down Discover Home Equity Business

Key Takeaways COF will wind down Discover's home equity and refinance loan business following a strategic review. Originations will stop, but COF will keep servicing existing loans and explore sale options. Most staff will stay to support the transition, though some job cuts may occur during the wind-down process.Capital One Financial Corporation (COF) has decided to wind down the home equity lending business it acquired while buying Discover Financial in May. The news was first reported by Banking Dive.A ...