Live Well Financial’s abrupt closing leads to host of problems

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Live Well Financial’s abrupt closing leads to host of problems May 14, 2019 RSS FEED No comments Live Well Financial abruptly shuttered operations earlier this month, blaming unforeseen market conditions and regulatory issues that rendered the company without sufficient capital to continue funding traditional and reverse mortgage loans.

2019-05-14: Live Well Financial’s abrupt closing leads to host of problems in (Banks, The Fed, Central Banking and fin. reg., Foreclosures, Housing Finance News/ML-Implode Main, Hedge Funds, IEHI Original Commentary)

As part of the reduction, Ocwen plans to close six of its 10 primary locations in the U.S. According to Ocwen, the locations that it will be closing are located in Waterloo, Iowa; Fort Washington, Pennsylvania; Addison, Texas; Atlanta, Georgia; Glendale, California; and Orlando, Florida.

Live Well Financial is a seasoned veteran in the mortgage industry. Started in 2005, Live Well Financial has extended its footprint across the country from its corporate headquarters in Richmond, VA.

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Live Well Financial has begun shutting down its operations.. “Due to sudden and unexpected developments in the markets for certain. It also cited conditions in the mortgage lending market and regulatory issues as posing.