FIRST MAGNUS NO LONGER FUNDING ANY LOANS

doors are closing all around...

transcribed by me from their website front page (all typos are my own):

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IMPORTANT NOTICE

FIRST MAGNUS IS NO LONGER FUNDING ANY MORTGAGE LOANS

In light of the collapse of the secondary mortgage market, First Magnus will not fund any future mortgage loans, and is no longer accepting any mortgage loan applications or funding any mortgage loans previously originated and not yet funded. We explored all options before taking this action but were left with no viable alternative.

First Magnus values the relationships we have formed with all of our broker partners over the years and appreciate the trust you have shown in us. We are saddened that we will no longer have the opportunity to work with you.

For more information about loans already submitted to First Magnus, please contact your local First Magnus office or call 520.618.9000


First Magnus

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uh

(pin me with the other banking headlines)

all this country wide shit and no comments for this???