Tommy Bourque is back in the game.
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.