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Loan Modification

: Mortgage Lender Implode-o-Meter

National City Warehouse added to Ailing/Watch list

By Implode-Explode Heavy Industries

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The news of PNC's decision to "pull the plug" on National City's Warehouse Lending division came out in mid-March, but the complete shutdown won't occur yet for months. Contracts will expire, clients are being given time to locate other funding sources - but the fact remains... an icon of warehouse lending now has its days numbered.

Full post as published by Mortgage Lender Implode-o-Meter on May 05, 2009 (boomark / email).

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