Earlier we posted that First Magnus had announced it would be going into Chapter 11 bankruptcy. While that may seem common nowadays, if you dig a little deeper to find out why they’re losing their banker license, you may be disgusted. Magnus’ Mortgage Banker License Suspended By The Arizona Department of Financial Institutions View the [...]

As Morgan Brown points out on BlownMortgage – recent events have lead to what many are calling the Death of Credit. This of course meaning that the products most home owners would typically use to buy real estate are no longer being offered, or face changes that require much more cash in hand before being [...]