So here it is day #2 in the life of my blog and it is 3:19 pm and I am just now posting an entry to this site.  Today has been nutso.  First of all First Magnus is shutting down.  That is crazy.  It actually reminds me of back in the day when we just started doing VA streamlines.  I was catching flights to Vegas every weekend back in 2000 and we were going house to house takin hand written 1003s for veterans.  At the time we were locking all our loans with this brand new lender First Magnus and after getting about 30 apps into underwriting, they told us to slow down and that we could not do loans in Nevada.  Man was that frustrating.  We took care of it though.  This is when we started brokering all our loans to Wamu.  So what am I trying to get at?  I just can't believe how many lenders are going belly up right now!  First Magnus became a strong force in the wholesale arena and even rolled out net branching of their own.  Now they are gone!  If you wonder how I know they are gone or woud like to follow some interesting news about the mortgage industry and the huge shake down going on across the board please check out the Mortgage Implode O Meter.