John D. Gellhausen has been appointed executive vice president of National City Corp., Cleveland.Mr. Gellhausen was recently named head of the company's National Consumer Finance business, which services, sells, and originates conforming mortgages and originates and services nonconforming mortgages. (The business includes National City Mortgage Co., First Franklin Financial Corp., National City Home Loan Services, and National Home Equity.) Mr. Gellhausen was previously president and chief operating officer of National City Mortgage, and senior vice president and corporate comptroller for National City Corp. The company can be found on the Internet at http://www.nationalcity.com.
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The Request for Information follows Pres. Trump's March 13 executive order, "Promoting Access to Mortgage Credit," the Bureau said.
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Community lenders, mortgage bankers and homeowners associations want more time to gear up for certain changes but officials see reasons to stay on track.
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Retail lender Rate separately launched yet another non-mortgage brand, with outdoor saunas and other furnishings following a high-end performance wear line.
July 9 -
June purchase demand strengthened, refinances remained steady and pull-through improved, reversing May losses.
July 9 -
The move is designed to align the two Utah-based businesses under a single unique name and comes two years after the bank acquired the home lender in 2024.
July 9 -
Federal Reserve Bank of Dallas President Lorie Logan said at an event Thursday that conducting monetary policy actions through a third party would improve efficiency and make markets stronger.
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