First Magnus Financial Corp., Tucson, Ariz., has announced the hiring of Ed F. Wallace Jr. as senior vice president of its Corporate Wholesale Lending Division.First Magnus said Mr. Wallace will oversee its wholesale expansion efforts in 32 states currently served through the company's centralized wholesale operation. Mr. Wallace has over 25 years of mortgage banking experience, and is credited with creating the wholesale division of one of the nation's leading mortgage lenders, the company said. First Magnus, a privately held multichannel mortgage company, can be found online at http://www.firstmagnus.com.
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Regulators specifically called out Academy's directors for their failure to properly oversee operations and conduct audits in a consent order.
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A shareholder suit says executives are responsible for stock losses in failing to disclose behind-the-scenes moves related to the ill-fated Two Harbors deal.
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The structure contains seven tranches of class A notes, including two tranches for first cash flow and last cash flow, both initially exchangeable.
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