Ameritrust appears in Inc. 500 for second year

Sep 12, 2006

1st National Bank of Arizona enables Web-based check depositsMortgagePress.comWeb-based check deposits, 1st National Bank of Arizona 1st National Bank of Arizona has launched a service that allows business customers to deposit checks without leaving their desks. Called Image Deposit, the service uses a high-speed Internet connection and a small desktop scanner to electronically deposit checks, saving customers trips to the bank and offering faster access to funds. The Image Deposit scanner makes a digital image of both sides of each check, deposits are electronically credited to the account and each check is then digitally archived for future reference. The process uses advanced security features to protect customer information. 1st National Bank of Arizona is a privately held, family-owned banking institution based in Scottsdale, Ariz. For more information, call (877) 777-8295 or visit www.runaroundaphobia.com.

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Sep 12, 2006

Courts

LoanSnap Officially Loses Connecticut License

The AI mortgage startup formerly faced a cease and desist and a consent order from the State of Connecticut.

LoanSnap, Inc., an AI-powered mortgage startup, has had its license to operate revoked in Connecticut, according to a new Consent Order executed by the State's Banking Commissioner, Jorge Perez, on Oct. 2. The news follows LoanSnap's violation of a previous order, enacted in...

Analysis and Data

Mortgage Applications Fall After Rate-Jump

Refinance applications still 159% higher on an annual basis, reflecting last year's record lows

In the wake of a positive jobs report and subsequent rise in mortgage rates, more prospective borrowers held back this past week. Mortgage applications fell by 5.1% the week ending October 4, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applicati...