Seeking Loan Repayment, Flagstar Files Suit Against Live Well CEO – Reverse Mortgage Daily

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Following the sudden closure of top-10 reverse mortgage lender Live Well Financial, the company’s CEO is being. michigan-based flagstar bank filed a suit in federal court, seeking repayment of more.

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Following Live Well Financial’s sudden closure last. A former employee of the company’s Richmond, Va. headquarters has filed a class action lawsuit in the U.S. District Court of Delaware seeking 60.

(Washington, D.C.) Legal Counsel for the Elderly (LCE), an affiliate of AARP; National Consumer Law Center (NCLC) and Tycko & Zavareei LLP (T&Z), filed a class action lawsuit Tuesday in the United States District Court for the District of Columbia, charging that Nationstar Mortgage LLP d/b/a Champion Mortgage and Compu-Link Corporation d/b/a.

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Flagstar Bank had previously filed a lawsuit against Live Well, seeking repayment of more than $80 million in delinquent loans and interest, according to a court filing made with the U.S. District Court for the Eastern District of Michigan.

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As previously reported, Michigan-based Flagstar Bank filed a suit in federal court in May seeking repayment. loan seller.

Bank holding company flagstar. live Well Financial. The company attributes the exposure, comprising a $69 million commercial loan and a $5 million warehouse line, to an unnamed, recently closed.