National City Mortgage, Miamisburg, Ohio, and ServiceLink LP, Aliquippa, Pa., have announced the formation of NationalLink LP, a joint venture that will provide appraisal, title, and closing management services nationwide.Jeff Coury, ServiceLink's chief executive officer, said the new company "will focus on compressing the time to close loans while maintaining the ServiceLink quality standard and will operate as a seamless extension of National City Mortgage's loan fulfillment operations." The new company will be based in Aliquippa. National City originates residential mortgage loans through its 1,200 bank branches and a network of more than 500 wholesale and retail offices in 43 states, the company said. ServiceLink is a centralized loan closing management company. The companies can be found online at http://www.nationalcitymortgage.com and http://www.servicelinklp.com.
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New jobs in health care largely drove the gains, while the federal workforce and finance continued to shrink.
April 3 -
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April 3 -
United Wholesale Mortgage lost ground to RKT in one category but held onto a healthy lead in another, an analysis of Home Mortgage Disclosure Act data shows.
April 3 -
HECM endorsements rose 16% in March to 2,117 loans, but monthly volumes remain near their slowest pace since last summer as proprietary reverse products quietly steal market share.
April 2 -
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April 2 -
The 30-year fixed rate climbed to 6.46% this week, its highest mark since September, as mortgage applications fell 10.4% and sellers outnumber buyers by a record 46%.
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