Mortgage News

Live Well Financial ceases operations – Pacific Business News

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DEPARTMENT OF COMMERCE AND CONSUMER AFFAIRS DIVISION OF FINANCIAL INSTITUTIONS DAVID Y. IGE GOVERNOR CATHERINE P. AWAKUNI coln director iris K. IKEDA COMMISSIONER OF FINANCIAL INSTITUTIONS FOR IMMEDIATE RELEASE May 14, 2019 Live Well Financial, Inc. ceases operations, Banking Commissioner Provides Guidance Honolulu – The Department of Commerce and Consumer Affairs, Division of Financial.

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Live Well Financial said in a letter to Virginia employment officials that it was ceasing operations and laying off its 103 employees who worked at the company’s corporate offices in the.

Live Well Financial has ceased originating loans, the company announced on its website Friday. The homepage message said only that it would not be originating new loans as of May 3, 2019, "due to unexpected circumstances," a surprise move that took some wholesale partners by surprise.. Live Well Financial originated traditional and reverse mortgage loans as well as FHA and VA loans.

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.

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How to save for retirement and pay your student loans at the same time It introduced a program last August to contribute 5% of pay to a tax-deferred 401(k) plan for full- and part-time workers who direct at least 2% of their pay toward paying down their student loans.

– Open Mortgage, a multi-channel mortgage lender dedicated to empowering the dream of home ownership, has hired Live Well Financial’s core team of mortgage lending executives: bruce barnes, Jim Cory and Joshua Moran, formerly executive vice president, Senior Vice President of Operations and Senior Vice President of Wholesale.

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