First Magnus announces layoffs, halts new loan activity
By Jack Gillum
Arizona Daily Star
Tucson, Arizona Published: 08.16.2007
First Magnus Financial Corp. announced this morning that it would substantially cut its workforce, after announcing to its employees late Wednesday that it would stop writing loans today.
Employees at the Tucson-based mortgage firm, headquartered at 603 N. Wilmot Road, were leaving this morning with packed boxes - many with downtrodden faces and some uncertain about what to do next.
http://www.azstarnet.com/business/196691
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