John Bollman has been named executive vice president and manager of the Retail Production Division of National City Mortgage, Miamisburg, Ohio.Mr. Bollman replaces Buck Bibb, who was named chief executive officer of the company earlier this year. Mr. Bollman joined National City Corp. in 1996 as a result of the Integra Mortgage acquisition, where he was senior vice president of secondary marketing. He has held various positions at the vice president and senior vice president levels since then, National City said. Since 2004, Mr. Bollman has held the position of executive vice president of the NCM Advantage, a major loan origination initiative. The company can be found on the Web at http://www.nationalcitymortgage.com.
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The lender won its motion for summary judgment just about two months after the court denied a plaintiff's attempt to certify a class of over 50,000 consumers.
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While delinquencies eased overall quarter to quarter, they trended upward on a yearly basis across all loan types, the Mortgage Bankers Association said.
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The seller surplus was a result of sluggish demand as opposed to increased supply. The 30-year fixed-rate mortgage rose every week in July to 6.66%.
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More than a third of listings are below their original ask, with entry-level homes seeing frequent cuts in several metros, Movoto data shows.
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For the first time in six weeks, the 30-year fixed rate mortgage dropped, with observers expecting a steady but challenging housing market for the rest of 2026.
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The fintech posted its strongest quarter since going public last year and reported major consumer loan marketplace volume approaching $4.3 billion.
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