The broker-based wholesale home equity lending unit of National City Corp. has suspended its approvals of new applications for new home equity loans and lines of credit, but the company is continuing to offer home equity products through its retail bank.The company said the suspension "is one of a number of steps National City has taken in recent weeks to help ensure that mortgage origination strategies are in line with existing and anticipated market conditions. The company continues to closely monitor the market and take the appropriate steps to respond to changing conditions." National City can be found online at http://www.nationalcity.com.
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