Reverse mortgage lender Live Well Financial laying off 103 workers

Long Island mortgage executives charged with warehouse line fraud In an interview, Walter Arsenault, the commission’s executive director, charged. long chafed under its oversight. Nearly a decade ago, the New York Inspector General issued a highly critical report.

An Austin, Texas-based mortgage lender plans to hire about 50 employees laid off in early May from Live Well Financial, including three of its top executives.

Local mortgage lender Live Well Financial shutting down. – In the face of what it claims is a liquidity crunch, a once fast-growing mortgage company based in the Southside is abruptly winding down its operations and laying off more than 100 employees. Live Well Financial, founded in 2005 by local entrepreneur and former Capital One executive Michael Hild.

Shortly thereafter, Live Well Financial notified the state of Virginia that it would be laying off 103 employees, including founder and CEO Michael C. Hild. In a notice to the state, the lender.

Virginia-based Live Well Financial announced Friday that it was ceasing originations "due to unexpected circumstances." The forward and reverse mortgage lender and servicer also filed a notice with the Virginia Employment Commission informing the state of its closing and subsequent layoff of 103 employees in Richmond, Virginia.

Live Well Financial, Inc. ("LWF") was a privately owned mortgage originator, servicer and investor, licensed in the United States to operate in 46 states. The company offers government-insured home equity conversion Mortgage loans (HECM, commonly known as reverse mortgages), FHA single family mortgage loans, and Fannie Mae conforming loans.

Live Well Financial is a good reverse mortgage lending option in all fifty states, and as they also offer other types of loans, they can also comprehensively advise borrowers on the best option for their needs.

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Live Well Financial, Inc. halts mortgage lending. ocwen financial Corp. – completed purchase of reverse mortgage lender liberty Home Equity Solutions. Wells Fargo – laid off 87 mortgage workers in Raleigh Wells Fargo – cut 91 jobs in Fort Mill on soft refinance demand.

"The fact of the matter is that the there are many ways a homeowner can make their equity can work for them if they have a realistic estimate of their home’s value. Tapping into home equity to.

Live Well Financial fights back against laid-off employee. – A recently shuttered local lender claims it was within its rights when it abruptly laid off its entire workforce with no advance notice. live Well Financial, the once fast-growing, Chesterfield-based reverse mortgage company that in early May ceased operations and cut its staff of more than 100, argues in a lawsuit in federal court that it does not owe back wages to those workers, despite not.