National City SOS

W O W ! !

National City bank has officially suspended all applications and approvals for their Wholesale Equity division. Another one is going down. I say that with some confidence because exactly zero of the companies that have suspended applications recently have been able to start back.

The eye of the hurricane has passed us over and now comes the conforming companies. Conforming meaning fannie-freddie product only. Also means big name banks like National City.