First American Bank Shutters Broker Wholesale Program

And the beat goes on... Remember my Dead Man Walking post? Is 2008 the mile? First American Bank shutters wholesale in response to the market. To our valued business partners, Effective at 5:00 PM on Friday, January 4, 2008, First American Bank will discontinue our wholesale mortgage broker program due to unstable market conditions and the declining real estate values that our economy is facing. We will accept applications until 5:00 PM on January 4, 2008 and will work with you on all loan requests currently in the pipeline. After 5:00 PM on January 4, 2008, we will not process any new referrals, fee paid or otherwise. Existing loan customers will continue to be serviced by our branch network and our Loan Call Center, (847) 952-3620. We have worked closely with everyone for many