Mortgage News

Live Well Financial CEO sued for repayment of $80M in loans – Richmond BizSense

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Richmond BizSense Live Well CEO sued for repayment of $80M in loans A bank in Michigan is going after the head of a recently shuttered Chesterfield-based mortgage compan.

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I am being sued for a personal loan. I have yet to receive the papers, but I know I will be receiving them soon since I just got a phone call. I plan on attending the hearing. I owe about $5,000. I cannot afford to pay them at this time as I work full-time and my wage is $12.50hr. I have a vehicle.

– The consumer financial protection bureau (CFPB) today sued one of the country’s largest nonbank mortgage loan servicers, Ocwen Financial Corporation, and its subsidiaries for failing borrowers at every stage of the mortgage servicing process. The Bureau alleges that Ocwen’s years of widespread errors, shortcuts, and runarounds cost some.

RICHMOND, Va. (RichmondBizSense.com. explaining in a prepared statement that they are a result of changes in the mortgage market as more troubled loans are resolved and interest rates rise. “We.

CFPB Slaps RPM Mortgage and CEO with $20M Fine. RPM has agreed to pay a $1 million civil money penalty as well as $18 million in redress for affected consumers, while Hirt will pay an additional $1 million penalty. The fines are pending approval by the court.

Wells Fargo has been struggling to reduce expenses, but failed to keep a leash on costs in the quarter despite Sloan’s vow to slash $4 billion in costs by 2019 by closing hundreds of branches and.

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LWF has originated and serviced more than $3.3 billion in mortgage loans in the U.S. and Puerto Rico. As of May 3, 2019, Live well Financial is shutting down active operations. All forward loans and loan applications currently in process with them (without closing documents finalized) are being notified that they are not funding.

Getting you out of default on your federal student loans is no simple feat, and can be done in a variety of ways depending on your goals and circumstances. Different federal student loan repayment options are available, but which one is best for you requires a pretty deep dive into your current financial reality.