First Magnus Financial Corp., a privately held mortgage banking company in Tucson, Ariz., has selected SharperLending LLC, Spokane, Wash., to support its wholesale and correspondent divisions.SharperLending is a Web-based platform that allows lenders to order, store, and manage mortgage products from multiple vendors at a single point of entry. As part of the agreement, First Magnus will access SharperLending's platform on a private-label basis. First Magnus' users will interact with the SharperLending platform through a Web-based interface, offering flood, credit, and insurance rates in one bundle. The companies can be found on the Web at http://www.firstmagnus.com and http://www.sharperlending.com.
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The founder who was recently ousted as CEO said he wants to return the company to its positive trajectory, after last week's shakeup battered its stock price.
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The lender won its motion for summary judgment just about two months after the court denied a plaintiff's attempt to certify a class of over 50,000 consumers.
August 13 -
While delinquencies eased overall quarter to quarter, they trended upward on a yearly basis across all loan types, the Mortgage Bankers Association said.
August 13 -
The seller surplus was a result of sluggish demand as opposed to increased supply. The 30-year fixed-rate mortgage rose every week in July to 6.66%.
August 13 -
More than a third of listings are below their original ask, with entry-level homes seeing frequent cuts in several metros, Movoto data shows.
August 13 -
For the first time in six weeks, the 30-year fixed rate mortgage dropped, with observers expecting a steady but challenging housing market for the rest of 2026.
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