The bank has sold off all the securities it acquired as collateral on loans to Live Well Financial, a reverse lender that suddenly ceased operations in May
Reverse mortgages are all the rage the Great White North; could they become the loan product of choice for originators and homeowners in the United States, too?
The bank will implement ReverseVision’s LOS to back the launch
The once-prominent reverse lender, which suddenly closed down earlier this month, may owe a national bank $74 million
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
The new unit will focus on helping the embattled bank clean up its seemingly endless scandals
Citing “unexpected circumstances,” Live Well Financial halted originations Friday. Now the company has announced layoffs, saying it lacks the available cash to continue operations
Love Well Financial, one of the nation’s top HECM lenders, has unexpectedly shut down lending operations