mortgages: A $700M settlement has been reached between the CFPB and Equifax - 07/22/19 10:14 AM
 
A $700 million settlement has been agreed between the Consumer Financial Protection Bureau (CFPB) and Atlanta based credit company, Equifax. The events unfolded after a catastrophic data breach in 2017 led almost 150 millions of consumers to become publicly unprotected and vulnerable, exposing social security numbers, names, addresses, credit card numbers and even driver’s license numbers.
 
The settlement’s objective will be to create a restitution fund to serve as collateral for the victims impacted by the 2017 hack, clients could receive up to a $20,000 compensation. One of the most important functions of the settlement will be to secure reliable institutions that … (0 comments)

mortgages: Live Well Financial under FBI investigation - 07/22/19 09:21 AM
I wrote a short blog post about Live Well Financial’s previous situation some weeks ago. But yes, it seems that one of the biggest reverse mortgage competitors in the game is finally shutting its doors for good, and it looks like that’s just the tip of the iceberg. Seems like Livewell has entered a federal investigation with no other than the FBI and the Securities and Exchange Commission.
 
Once at the top of the american reverse mortgage companies, Live Well Financial stopped all of their originations on May 3. With no real explanation for the sudden halt, more than a hundred employees … (0 comments)

 
Phil Stevenson, CRMP, "Mortgage Nerd" in Miami, Florida and Texas (PS Mortgage Lending 305-791-4874 or 888-845-6630) Rainmaker large

Phil Stevenson, CRMP

"Mortgage Nerd" in Miami, Florida and Texas

Miami, FL

More about me…

PS Mortgage Lending 305-791-4874 or 888-845-6630

Address: 14100 Palmetto Frontage Rd Ste 104, Miami Lakes, FL, 33016

Office: (888) 845-6630

Office: (305) 791-4874

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