NatCity Integrating HEL Ops Into Mortgage Unit

National City Corp., Cleveland, has announced that it is integrating its National Home Equity business unit into National City Mortgage Co. to streamline the parent company's mortgage operations amid the turmoil in the mortgage markets.As part of the integration, certain National Home Equity account executives and sales managers will join National City Mortgage's wholesale division, NatCity said. An unspecified number of other sales and support positions will be eliminated, the company said. National Home Equity suspended approvals of new home equity loans and lines of credit on Aug. 6 "as conditions tightened in secondary mortgage markets," the parent company said, adding that NatCity Mortgage will resume home equity originations "as market conditions warrant." The mortgage company can be found on the Web at http://www.nationalcitymortgage.com.