National City deal with US reportedLouisville Courier-Journal, KY -4 hours agos banking unit, which has been buffeted by bad loans, recently entered into a "memorandum of understanding" with federal regulators, effectively putting the ... For instance, your credit history is not that great. Banks generally reject mortgage applications if the credit score is below 670. With a mortgage broker, you can shop around for a lending company that offers bad credit mortgage loans.