An embattled local mortgage lender has been dealt another blow, as a group of its largest creditors were successful in their bid to push the company into bankruptcy.
The CEO of defunct local mortgage company Live Well Financial is fighting back against a multimillion-dollar lawsuit, arguing he’s not personally on the hook for debt his firm owes to a Michigan-based bank.
He joined the bank in April 2018 after a long stint at a Northern Virginia-based competitor.
As a group of creditors attempts to force it into bankruptcy, a collapsed local mortgage company also apparently has federal authorities on its back.
Three sizable creditors of collapsed local lender Live Well Financial are attempting to force the Chesterfield-based firm into bankruptcy liquidation as they seek to recoup more than $130 million. Flagstar Bank, Mirae Asset Securities, and Industrial and Commercial Bank of China Financial Services filed an involuntary bankruptcy petition against Live Well on Monday in Delaware… Read more »
A recently shuttered local lender claims it was within its rights when it abruptly sent its entire workforce packing with no advance notice.
A bank in Michigan is going after the head of a recently shuttered Chesterfield-based mortgage company, as it looks to recoup collateral on tens of millions of dollars’ worth of allegedly defaulted loans.
Fallout from the pending $66 billion marriage of banking giants BB&T and SunTrust is beginning to emerge in Richmond, as one side prepares to relocate executives to a new shared mortgage headquarters in Greensboro.
“There are literally thousands of touch points,” a bank executive said of the nearly endless list of items that had to be changed out to make way for the new moniker. The changeover also includes a new name for the bank’s holding company and a new stock ticker symbol.
Armed with an experienced local deal broker and UVA grad, an investment banking firm from the Windy City is planting its flag in Richmond for the first time.