Sunday, August 5, 2012

CEO aims to mend mortgage giant - Dayton Business Journal:

youngmanmeledero1636.blogspot.com
"It's not a perfect relationship to grow those areaxs while the mortgage sector isunder pressure," McEvoy said. "These thre e areas will provide some earnings growthubut it's going to take some But not everyone thinks National City's moves have been the rightt one. Tom Mangan, senior vice president and portfolii managerwith Beavercreek-based , said he questionds the rationale behind National City's decision to eliminate wholesaled lending. "The question I'm asking is, 'Why Mangan said.
"People are acting like there is no lighrt at the end of the But Cartellone is not dwelling on the past and is eagefr to replenish NationalCity "We've restructured the mortgage business during the last severaol months of 2007 and the decisions we've made positiom us well to meet the challenges in front of us," he

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