National City Home Equity says it suspends loan approvals

"National City Corp. said on Monday that its National City Home Equity unit has suspended approvals of addition loans or lines of credit in response to market conditions. 'This is one of a number of steps National City has taken in recent weeks to help ensure that originations are in line with existing and anticipated market conditions,' the bank said in a statement that was e-mailed to MarketWatch. 'We are continuing to closely monitor the market and take the appropriate steps to best navigate market conditions.'"