1st National Bank of Arizona suspended wholesale operations effective yesterday. Here is a notice to their employees:
**** CMC BROADCAST MESSAGE ***
To: All Employees
Priority: High1st National Bank of Arizona (FNBA) has suspended Wholesale originations effective as of 1pm EDT (10am PDT) August 21, 2007.
Wholesale locks received prior to 1pm EDT (10am PDT), August 21, 2007 will be honored.
Requests for Edits or Extensions to locks after 1pm EDT (10am PDT) August 21, 2007 will not be accepted.
We’ll keep you posted as this story develops.
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[Source: Blown Mortgage]
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