First National Bank of Arizona has shut down its wholesale and correspondent mortgage operations
By: Peter Chubb | August 21, 2007 | 1 Comment
The First National Bank of Arizona shut down this operation effective from 1pm EDT on the 21st August. Any wholesale and Correspondent locks which was received before 1pm EDT will be honored, which will be a relief for customers.
In 2006 FBNA’s mortgage operations grew to a massive $7.6 billion, but it is not sure if these figures include just fundings or for the total of the banks mortgage book. It is not certain if or how many jobs will be affected by the closing of this mortgage operation.
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