originations: 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)

originations: Live Well Financial halts reverse mortgage originations - 05/24/19 11:01 AM
One of the biggest mortgage lenders in the game has abruptly shut down operations regarding reverse mortgage originations. The Virginia based company, Live Well Financial, was founded in 2005 by Michael Hild, a local entrepreneur and former Capital One executive.
 
The originations came to a stop alongside more than a 100 employee’s careers, the statement came to the public with no excuse for the terminations, all but a “liquidity crunch” rumour, putting a stop to new all new loan possibilities.
 
But the real story was sadder, the company decided not just to stop all reverse mortgage related operations, the truth is they’re … (0 comments)