NAMB adds Vermont as 47th state affiliate to its ranks

National Mortgage Professional

Oct 26, 2005

National City plans wholesale pushMortgagePress.comNational City Mortgage, Accubanc Mortgage, Commonwealth Mortgage, mergers National City Mortgage has announced plans to position its wholesale division for long-term growth by merging some wholesale branches and originating all mortgages under the National City brand name. The company said the mergers of yet-to-be-identified branches will be aimed at creating more full-service locations with enhanced infrastructure and expanded management, sales and operations staffs. By the first quarter of 2006, National City's wholesale distribution channels, which include AccuBanc Mortgage and Commonwealth Mortgage, as well as National City Mortgage, will all originate mortgages under the National City name. Miamisburg, Ohio-based National City Mortgage is a nationwide mortgage banking firm. For more information, call (800) 523-8654 or visit www.nationalcitymortgage.com.

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Oct 26, 2005

People On The Move

MBA Appoints Rachel Kelley Legislative Affairs VP

Kelley's focus will be on Republican members in the House.

The Mortgage Bankers Association appointed Rachel Kelley as its vice president of legislative affairs, with a focus on advocating MBA's legislative and policy priorities on Capitol Hill, particularly among Republican members of the U.S. House of Representatives. Kelley bring...

Analysis and Data

Mortgage Applications Inch Up 0.3%

Despite a 50 basis point decline in rates over past six weeks, purchase activity remained approximately 20% lower than the previous year.

Mortgage applications saw a marginal uptick of 0.3% for the week ending Nov. 24, 2023, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey. The results, however, have been adjusted to account for the Thanksgiving holiday. The ...