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The New York Mortgage Company introduces Homeowner Protection ARM

National Mortgage Professional
Aug 07, 2006

National City Corporation may put First Franklin up for saleMortgagePress.comFirst Franklin Financial Corporation, National City National City Corporation may put its sub-prime division, First Franklin Financial Corporation, up for sale, likely due to a dramatic decline in loan production in the first quarter of 2006 reported by Quarterly Data Report. It is also considering divesting itself of sub-prime servicing division National City Home Loan Services and direct-to-consumer lending subsidiary NationsPoint. A bank spokesman stated that National City is not committed to selling any of the three units if it finds offers made by potential buyers unsatisfactory. National City's prime mortgage division, National City Mortgage, is not being considered for sale. National City Corporation is a bank based in Cleveland. For more information, call (888) 622-4932 or visit www.nationalcity.com.
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