UPDATE 1-Mortgage lender First Magnus files Chapter 11

Story date: 2007-08-21 08:58:00
Added on: 2007-08-21 22:35:03

Reuters - NEW YORK, Aug 21 (Reuters) - First Magnus Financial Corp, one of the largest independent U.S. mortgage lenders, filed for Chapter 11 bankruptcy protection on Tuesday, the latest home loan provider to collapse as the housing market slumps and credit ...


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