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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The lender recorded a $59 million net loss in the fourth quarter, an 83% improvement from its third quarter performance.
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Initial analyses of Home Mortgage Disclosure Act data show UWM ahead in 2023 loan numbers and dollar volume, but Rocket's market share still looks competitive.
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Last year, the Raleigh, N.C.-based Integrated called off a deal to sell itself to MVB Financial after bank stocks took a hit in the aftermath of the regional bank failures. Capital hopes to expand its government-guaranteed lending with the transaction.
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Mortgage payments rose 10% year-over-year to an all-time high for March, Redfin said.
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