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Live Well Financial reportedly under federal investigation by Ryan Smith
Both the SEC and the FBI’s bank fraud division are reportedly probing the shuttered reverse mortgage lender
HomeTown Lenders branches out into HECM lending by Candyd Mendoza
The mortgage lender implements HECM tech from ReverseVision

Live Well Financial execs land at Open Mortgage by Ryan Smith
Open Mortgage has hired a core team of mortgage lending execs – and about 50 former sales and operations employees – from the shuttered reverse lender
ReverseVision partners with Blue Ridge Bank to launch reverse mortgage division by Candyd Mendoza
The bank will implement ReverseVision’s LOS to back the launch
More hot water for Live Well Financial? by Ryan Smith
The once-prominent reverse lender, which suddenly closed down earlier this month, may owe a national bank $74 million

Shuttered reverse lender sued for back pay by Ryan Smith
A loan account manager who lost her job when Live Well Financial unexpectedly ceased operations says that the company hasn’t paid her – or hundreds of other employees – what they’re owed
Wells Fargo creates unit to help meet regulatory demands by Ryan Smith
The new unit will focus on helping the embattled bank clean up its seemingly endless scandals
Troubled reverse lender axes 103 employees – including CEO by Ryan Smith
Citing “unexpected circumstances,” Live Well Financial halted originations Friday. Now the company has announced layoffs, saying it lacks the available cash to continue operations

Should CFPB have more supervision over credit agencies?

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