Website: http://www.firstmagnus.com/

Status

First Magnus has ceased conducting business as of August 2007.

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 information about loans already submitted to First Magnus, please contact us at 520.618.9000 or call our toll-free hotline number: 1.866.901.7655.''

(source: http://www.firstmagnus.com/)