National City might block refinancing

Also screwed by NCHE wrote:

NCHE is miserable. Their subordination department is unresponsive and unprofessional and won't return calls or e-mails. NCHE just refused a subordination at a 58% loan to value (because when the line was originally made it was at only a 54% loan to value). The subject property had several hundred thousand dollars of equity protecting their position. That's not sound business - it's not working with a customer - it's just "I hold the cards so screw you" mentality. I'm paying it down by $100,000 and can't wait to be done with them forever! Good riddance!
<quoted text>

NC Mortgage Employee wrote:

I am an employee at National City mortgage. I came from another bank and heard nothing but complaints. All I hear from NC customers is how they have never had any problems. The majority of customers are very satisfied. It is a great company to work for.
As far as the VA broker comment: Most subordinations that I wait for are taking 4-6 weeks. Be happy w/ a response in 21 days. All the other big 2nd mortgage companies are much longer.
It's too bad people who don't understand the mortgage industry try to say you can't get your 2nd mtg refinanced w/ NC. There is always a reason- whether home values decreased, your credit has changed negatively, or the investor has changed the guidelines. There is nothing NCM can do to change the guidelines that investors set. Those you will find accross the board. The changes that are happening are b/c of the market and the recent mtg crisis. It's not our choice.

Screwed by NCM wrote:

IT is true! Beware!!! If you have a National City 2nd Mortgage, you will not get subordianation for your 1st Mortgage refinance! I was denied 3/2008 subordination and lost my refinance opprotunity. The only way to get out of it is to pay out their loan and get other 2nd mortgage financing elsewhere or be forced to refinance your 1st with them on THEIR terms. That's a bunch of bull!! Damn that company....screwing the customers. SO IF there is a class action lawsuit for this, let me know and count me in.
<quoted text>