NCC Expands Central American Housing Biz

National City Corp. has received approval from the Overseas Private Investment Corp. for securing a $350 million lending facility to expand international housing loan business in signatory countries of the Central American-Dominican Republic-United States Free Trade Agreement.The facility will fund home lending programs through correspondent banks with $100 million set aside for low- and middle-income housing construction loans, the corporation said. National City Corp. can be found on the Web at http://www.nationalcity.com.

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