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You’ve probably heard a lot about reverse mortgages, as they are a popular, safe, simple way to supplement seniors’ retirement income. Before you get started, you need to understand the benefits and disadvantages of getting a reverse mortgage. If you decide a reverse mortgage may be the right answer for you, follow some planning tips [.]
Live Well Financial, until recently one of the nation’s top reverse lenders, unexpectedly shuttered in May, ceasing operations and laying off more than 100 employees, including founder and CEO.
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Live Well Financial has halted fundings for new reverse mortgage loans and some loans in process, RMD has learned from wholesale account executives within the company. Some sources indicate the.
nationalmortgagenews.com – Live Well Financial, a reverse and traditional mortgage lender that abruptly stopped originating on May 3, will lay off 103 employees, according to a Virginia Employment Commission filing. The national company, which is based in the Richmond, Va., area, has continuity plans for loans in progress.
Reverse Mortgage Basics in WI. If you’re a Wisconsin resident aged 62 or older – and looking for money to supplement your retirement income, finance a home improvement, pay off your current mortgage, or pay for healthcare expenses – you may be considering a reverse mortgage.
the tendency for workers in a better position to handle scheduling.. encourages employers to consider laying off workers temporarily. position where it is not feasible to reverse the decision. negotiations between a mortgage lender and borrower, is a.. What is the zip code where you live?
· After hearing about all of the charges and fees for Live Well Financial, I looked for and found employment with another reverse mortgage company as a loan officer. I’m not going to mention which company I finally went with, but I will tell you that if you want to work in reverse mortgages (and not get nickle and dimed by Live Well Financial.
Why that great mortgage rate offer might not apply to you But there are other reasons why both borrowers may want to be on the mortgage. For one, it could fortify one’s credit score, not to mention put both people on the hook for the debt. Issues can arise if only one applicant is actually liable.The Digital Mortgage Borrowers Love The mortgage process is getting more and more digital. In fact, according to a new study, a whopping 92 percent of recent mortgage borrowers did online research before even speaking to a lender.Delinquency rate hits record low, foreclosures keep falling People on the move: Sept. 15 People on the Move 9/15/17 – The Business Journal – 15 Sep. People on the Move 9/15/17. published on September 15, 2017 – 10:56 AM Written by The Business Journal Staff. Share this: BANKING Premier Valley Bank has announced some promotions within the company. Marvell French has been promoted to Market President/Executive Vice.Foreclosure rates, in which one’s home is seized by the government due to failure to make payments, is also at 0.4 percent, the same as in January. Both are the lowest February rates seen in the.
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.