Tuesday, September 01, 2015
Current Weather
Loading Current Weather....
Published: Thursday, 1/3/2008

National City to close wholesale-mortgage unit

CLEVELAND - Regional bank National City Corp. said yesterday it is closing its wholesale mortgage division, which offers mortgages through brokers, eliminating 900 jobs.

The cuts affect about one-seventh of National City's 6,274-person mortgage business and bring total announced job losses to 3,400 since the middle of 2007, mostly in mortgages. The bank has a total of 32,804 employees.

National City will continue to originate loans through its retail banking offices.

Recommended for You

Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.

Points of Interest