American Homeowners Grapple with Rising Financial Anxiety. Yet, Many Overlook Vast Home Equity Potential As A Financial Cushion Finance of America Reverse LLC (FAR) has issued a new survey and it says American homeowners are freaking out. The survey shows that nearly 80% of American homeowners grapple emotionally about the state of the U.S. economy. […]
Federal Judge Could Sentence Former Live Well CEO Michael Hild To 33 Years For $200 Million Bond Fraud Scheme Federal prosecutors have recommended former Live Well CEO receive 15 years in prison. However, the federal court could send him to prison for up to 33 years. A federal judge found him guilty of orchestrating a […]
Reverse Mortgage Funding LLC Files Bankruptcy Fires 90% Of Staff It’s the final curtain for Reverse Mortgage Funding LLC aka RMF. The NJ-based reverse mortgage abruptly halted all funding shortly after Thanksgiving. then, last week they filed for bankruptcy protection. The group has further petitioned the bankruptcy court to allow it to make some minor […]
Reverse Mortgage Funding LLC Pauses Originations. It Tells Partners It Won’t Fund Loans That Haven’t Already Closed Reverse Mortgage Funding LLC (RMF) has halted all of its origination activities Monday. The New Jersey based lender sent a letter addressed to its partners states that, “all loans that have not closed will no longer be processed.” […]
American Advisors Group Does Another Round Of Layoffs For The Third Consecutive Time This Year Multiple sources are reporting that American Advisors Group has cut its workforce for a third consecutive time this year. The full extent of the latest layoff round was unclear. Some sources claim that cuts were made in retail origination and […]
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