Results Worsen at National City - Mortgage Forums for Mortgage Brokers

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Results Worsen at National City

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07-24-2008, 10:33 AM

Veronica Corningstone Veronica Corningstone is offline

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Results Worsen at National City

Second-quarter production at National City Mortgage was $5.3 billion, according to earnings data. Fundings fell from the prior quarter and a year earlier. The rate of residential mortgages past due more than 30 days was 4.7 percent at the end of June, climbing from the end of March and a year earlier. The mortgage banking business had an $0.4 billion loss, worse than the loss in the first quarter and the profit a year earlier.

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