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

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Live Well ceo michael hild sued over $80M in loans. – Richmond BizSense. RICHMOND, Va. – A bank in Michigan is going after the head of a recently shuttered chesterfield-based mortgage company, as it looks to recoup.

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.

Michael Hild, CEO of Live Well Financial, which abruptly shut down this month and laid off more than 100 workers, was sued last week in federal court by Troy, Michigan-based Flagstar Bank. The lender claims Hild was the guarantor on more than 0 million worth of loans – for which about $80 million is still owed – and that the loans are in default because Live Well "commenced a liquidation of its business."

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The federal government and 11 states have joined together to accuse 30 purported debt relief operations of using deception and false promises to swindle more than $95 million from student loan.

Gold Prices Bounce On Fed Speak, Weaker USDX, US Stocks  · 100-day SMA becomes important not only for the Gold but also for the US dollar index; though, here it’s working as a strong support and can trigger the gauge’s swing to.

Local mortgage lender Live Well Financial shutting down, laying off dozens. New modern house at Byrd Park hits the market for $2M. SunTrust to move parts of.

Not very well, it turns out. I like to re-raise these issues after the initial fire fades because there is so much bad-shit occurring under the Bush watch that it serves us well to re-raise and remind as many folks as possible about all the unresolved manure occurring as a direct result of allowing this GOP President into office in the first place.

Getting out of debt can be a long, hard road, and debt collectors don’t make it any easier on you. Luckily, the federal trade commission enacted the Fair Debt Collection Practices Act (FDCPA) to protect consumers from unfair treatment, deception, and harassment from debt collection companies and their legal representation.