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| Home > Press Room > Wall Homes, Inc. has announced the formation of Endeavor Capital Mortgage LP |
| Wall Homes, National City Mortgage Form Endeavor Capital Mortgage LP |
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For Immediate Release July 25th, 2006
(Arlington, Texas) – Steve Wall, founder, president, and CEO of Wall Homes, Inc. has announced the formation of Endeavor Capital Mortgage LP, a joint venture between Wall Homes Inc. and National City Mortgage. National City Mortgage, a subsidiary of National City Corporation, is a national full-service mortgage company dedicated to delivering quality service to customers. National City Corporation (NYSE: NCC), headquartered in Cleveland, is one of the nation's largest financial holding companies. Mr. Wall opened Wall Homes in April of 2005 backed by a $50 million commitment by New York-based Warburg Pincus. The company builds single-family detached and attached homes designed with a focus on architectural style to meet the needs of first-time homebuyers and those in the move-up stages in several Texas cities. The company currently lists 225 new homes under construction and approximately 305 sales and 90 closings across its neighborhoods in Dallas, Fort Worth, Houston, Austin, and San Antonio. “National City Mortgage is an outstanding partner for us in this effort,” said Mr. Wall from his Arlington Texas headquarters. “It’s a fine, reputable company with experienced staffers who can provide our new homebuyers with financing products and options that will fit best for each family.” To launch the new enterprise, Wall Homes first founded Wall Homes Financial Services LLC as a wholly-owned subsidiary to become the joint venture partner with National City Mortgage. “This partnership is an excellent fit for us,” said Craig Vecchiola, senior vice president for National City Mortgage in Dallas. “The management of Wall Homes has a long and successful track record in Texas that complements our presence in the state. We’re excited to join with them in the early development stages of a venture that has mountains of potential.” “The number of Wall homebuyers in just one year indicates to us that we have focused on what’s important in the market – architectural style and value,” said Mr. Wall. “Customers want to create their idea of home, and we’re making it happen”. Wall Homes offers value homes with a focus on architectural style to first time homebuyers as well as first and second move up homebuyers. Neighborhoods are located throughout Dallas, Fort Worth, Houston, Austin, and San Antonio. Based in Arlington, Texas, Wall Homes is on the web at www.wall.com. National City Mortgage (NCM) originates residential real estate loans through National City's more than 1,200 bank branches as well as through a network of nearly 500 wholesale and retail offices located in 47 states. These loans are ultimately sold to primary mortgage market aggregators with the servicing of loans retained in the National City family. National City is recognized as one of the top 10 lenders to minorities in the United States as well as one of the top residential originators and servicers nationally. For more about National City Mortgage, visit www.nationalcitymortgage.com National City Corporation (NYSE: NCC), headquartered in Cleveland, Ohio, is one of the nation’s largest financial holding companies. The company operates through an extensive banking network primarily in Ohio, Illinois, Indiana, Kentucky, Michigan, Missouri and Pennsylvania, and also serves customers in selected markets nationally. Its core businesses include commercial and retail banking, mortgage financing and servicing, consumer finance and asset management. For more information about National City, visit the company’s Web site at NationalCity.com. |
