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 serial entrepreneur, who also created Rapid Reporting and American Transfer & Trust, plans to remain active in industry causes, a LinkedIn post said.
September 18 -
Almost 45% of buyers received a seller concession this summer, while more than 15% saw a reduction in the asking price to go along with it, according to Redfin.
September 18 -
With 55% of homeowners planning to renovate rather than relocate, demand for home improvement capital will be strong even if the purchase market slows further.
September 17 -
Last week's bond market turmoil continued leading up to the FOMC decision on Wednesday, pushing the 30-year fixed to near or over 7%, depending on the source.
September 17 -
The Securities and Exchange Commission said Rule 14a-8 exceeds its statutory authority and intrudes on matters of state law. Shareholder advocacy groups, however, argue that repealing the rule could reduce transparency.
September 17 -
Brian Johnson's nomination to lead the Consumer Financial Protection Bureau advanced to the full Senate Thursday morning in a party-line vote.
September 17










