First Magnus reports $30.15 million December net loss

By Caroline Salls

Pittsburgh, Jan. 24 - First Magnus Financial Corp. reported a $30.15 million net loss for December on $105,462 in revenues, according to its monthly operating report filed Wednesday with the U.S. Bankruptcy Court for the District of Arizona.

The figures compared to an $8.11 million November net loss on $57,645 in revenues.

Cash on Dec. 31 was $13 million, compared with $11.21 million on Nov. 30.

First Magnus, a Tucson, Ariz., mortgage loan originator, filed for bankruptcy on Aug. 21. Its Chapter 11 case number is 07-10578.

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