National City Corp. agreed this week to acquire American Mortgage Source Inc., a subprime mortgage originator.

Nashville-based American Mortgage originates loans through 18 offices in Tennessee, Georgia, Kentucky, South Carolina, and North Carolina. The company made $76 million in loans in 1997 and sold many of them to Altegra Credit Co., a subsidiary of National City.

Terms of the deal were not disclosed.

American Mortgage will continue to operate under that name, and management will not change.

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